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3 ASX All Ords shares having a stellar end to the week

Here’s what’s driving this trio higher today.
The post 3 ASX All Ords shares having a stellar end to the week appeared first on The Motley Fool Australia. –

It’s been a good week for the All Ordinaries Index (ASX: XAO), and these shares are making the most of it, rocketing home on Friday.

The index has gained 2.5% since the end of last week, driving it to trade at a seven-week high this afternoon.

Let’s take a look at three shares leaping towards the finish line.

3 ASX All Ords shares surging higher on Friday

Temple & Webster Group Ltd (ASX: TPW)

It’s been a good week for the ASX All Ords Index, but its performance has been nothing compared to that of the Temple & Webster share price.

It’s lifting another 11.01% today to trade at $5.04 – 33% higher than it closed last Friday.

There’s been no news to explain the online homewares and furniture retailer’s recent gains. However, the Australian Bureau of Statistics released data detailing another record level of Australian retail turnover in June.

Additionally, an insider recently suggested online retailers might actually benefit from rising inflation, as my Fool colleague Tristan Harrison reports.

Adriatic Metals Plc (ASX: ADT)

It’s also been a good day for precious and base metals explorer Adriatic Metals.

The All Ords share is leaping 8.9% so far to trade at $2.08 on the back of the company’s quarterly results.

The company said it has inflationary pressures under control, its project is still on schedule to begin concentrate production in the second quarter of 2023, and it held US$83.4 million in cash as of 30 June.

EML Payments Ltd (ASX: EML)

The EML Payments share price is also ending the week on a strong note, up 9.28% to $1.06. Sadly though, it’s not enough to boost the All Ords share back into this week’s green.

Monday saw the stock plummet 22% on news the Central Bank of Ireland isn’t impressed with the company’s remediation program.

EML Payments is now making further changes in a bid to get the central bank’s final approval next year.

The post 3 ASX All Ords shares having a stellar end to the week appeared first on The Motley Fool Australia.

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More reading

ASX 200 midday update: Zip crashes, PointsBet tumbles
Could ASX online retail shares be getting a boost out of inflation?
3 ASX 300 retail shares majorly cashing in on Thursday
Why is the Temple & Webster share price flaming 16% higher?
Take a seat: What inflation data might mean for ASX retail shares

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 positions in and has recommended EML Payments and Temple & Webster Group Ltd. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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