These 3 All Ords shares had a good day on Monday.
The post 3 ASX All Ordinaries shares that managed to post decent gains on Monday appeared first on The Motley Fool Australia. –
Monday has been a rough day on the ASX. The benchmark All Ordinaries Index (ASX: XAO) ended the day recording a 1.47% slump. Though, not all All Ordinaries shares were in the red.
In fact, some were boasting gains of more than 15% this afternoon.
So what pushed these All Ords constituents to outperform today? Let’s take a look.
3 ASX All Ordinaries shares that traded higher on Monday
BrainChip Holdings Ltd (ASX: BRN)
BrainChip was the best performing ASX All Ordinaries share on Monday.
As of Monday’s close, the artificial intelligence computing company’s share price was $1.21, 14.15% higher than it was at the end of Friday’s session.
It’s impossible to say what has caused the stock to surge today. Though, some eagle-eyed market watchers recently noticed a mention of a partnership between BrainChip and UK-based semiconductor company, Arm, reports The Motley Fool Australia’s James Mickleboro.
The partnership doesn’t appear to have been officially announced. However, BrainChip has outlined the partnership on its website, saying that the companies will work to create faster, smarter, and safer sensor products.
Westpac Banking Corp (ASX: WBC)
The Westpac share price is also among the All Ordinaries gainers today.
The bank’s stock closed 3.23% higher on Monday, at $24.60. The move followed the release of Westpac’s earnings for the first half of financial year 2022.
Its revenue slipped 8% and its cash earnings tumbled 12% over the first half. Though, that appears to be a better outcome than the market had hoped for.
Additionally, the bank increased its dividend slightly, promising shareholders 61 cents per share for the period.
Domino’s Pizza Enterprises Ltd. (ASX: DMP)
Finally, the Domino’s Pizza share price also outperformed the ASX All Ordinaries today.
It finished the day trading at $67.60, 1.98% higher than it ended last week. That’s despite no news having been released by the pizza chain operator.
However, the Domino’s share price tumbled nearly 4% on Friday. Today’s increase could be a slight rebalance following last week’s sell-off.
The post 3 ASX All Ordinaries shares that managed to post decent gains on Monday appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.