3 ASX All Ordinaries shares leaping 5% or more on Wednesday

Share markets are coming under pressure as investors mull a potentially faster pace of interest rate hikes ahead, but that's not holding these 3 stocks back today.

| More on:
A man leaps from a stack of gold coins to the next, each one higher than the last.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • ASX All Ordinaries slides 0.6% in afternoon trade 
  • Rebounding iron ore prices help boost the miners 
  • Investors are keeping a close eye on companies' growth outlooks 

The All Ordinaries Index (ASX: XAO) is having a bit of a rough time of it today, down 0.6% after earlier posting losses of more than 1.1%.

But not all ASX All Ordinaries shares are lagging.

Below we look at 3 of today's outperformers.

ASX All Ordinaries shares bucking today's selloff

First up we have Syrah Resources Ltd (ASX: SYR).

The Syrah Resources share price is up an impressive 8.9% at time of writing, trading at $1.80 per share.

The miner's primary focus is the production and sale of natural flake graphite from its Balama Graphite Operation in Mozambique.

Syrah looks to be benefiting from some potential profit hunting after the ASX All Ordinaries share fell 4.3% yesterday.

The company also released its quarterly activities report for the 3 months ending 31 March today, with some strong results.

Among the highlights, Syrah Resources reported growth in demand for its Balama natural graphite end uses, citing an 80% year-on-year increase in global electric vehicle sales in the Q1. It also reported a "significant sales order book" with more than 90 kilotons of natural graphite sales orders in the upcoming quarters.

Moving on…

Iron ore rebound lifting miners

Our second ASX All Ordinaries share to gain strongly today is Mount Gibson Iron Limited (ASX: MGX), up 9.1%.

As the name suggests, Mount Gibson mines iron ore, primarily out of Western Australia.

The company looks to be benefiting from 2 factors helping support the price of other ASX iron ore miners today as well.

First, Mount Gibson's share price plummeted 13.5% in yesterday's trading, meaning there's likely some bargain hunting afoot.

Second, yesterday's plunge came after iron ore prices crumbled 9.7% on fears that China's zero-COVID policies could hamstring its economy and appetite for Australian iron ore.

Today, iron ore prices lifted 2.4% to US$138.95 per tonne, likely helping boost the Mount Gibson Iron share price.

Another strong ASX All Ordinaries share on Wednesday

Finally, we move on to Downer EDI Limited (ASX: DOW).

The integrated services company was up a notch over 5% earlier this afternoon and is currently up 4.9% from yesterday's closing price of $5.09 per share.

Like our other 2 ASX All Ordinaries shares above, Downer looks to be partly benefiting from some bargain hunting, after its shares fell 7.6% yesterday.

Downer also released its investor day presentation this morning.

Potentially driving ASX investor enthusiasm, the company forecasts a weighted average compound annual growth rate (CAGR) of 7-8% in its urban services portfolio. The company also reported on new energy and decarbonisation opportunities across its customer base.

Should you invest $1,000 in Fortescue Metals Group right now?

Before you buy Fortescue Metals Group shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Fortescue Metals Group wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

Happy woman working on a laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant end to the trading week for investors this Friday.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why Chrysos, GQG Partners, Macquarie, and Webjet shares are storming higher today

These shares are ending the week on a positive note. But why?

Read more »

A young man sits at his desk working on his laptop with a big smile on his face.
Share Gainers

The top 3 ASX 200 trades since the Liberation Day dip

These companies are up at least 35% in just over a month.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Share Gainers

Boss Energy shares have rocketed 90% in a month. Here's why

The massive rally in Boss Energy shares will be painful to the host of short sellers betting against the uranium…

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors sent the market higher once again today.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

3 reasons to buy this surging ASX All Ords gold stock today

The ASX All Ords gold stock has doubled investors’ money in 12 months, and this leading expert forecasts more outperformance…

Read more »

Two colleagues at work looking at a tablet and smiling at a rising share price.
Share Gainers

Why Generation Development, Orica, Pro Medicus, and Zip shares are storming higher today

These shares are having a strong session on Thursday. But why?

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Healthcare Shares

Up 114% in a year, why is the Pro Medicus share price leaping higher again on Thursday?

Pro Medicus shares are back in form today and leaping ahead. Here’s why.

Read more »