It's been a pretty depressing day for ASX shares and the All Ordinaries Index (ASX: XAO) so far this Tuesday. At the time of writing, the All Ords has slipped by 0.4%, dragging the Index back below 7,550 points.
But not all All Ords shares are joining the pity party today. In fact, some are going gangbusters. So let's talk about three that are giving their investors some joy right now.
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3 All Ords shares bucking the market with big gains today
Solvar Ltd (ASX: SVR)
All Ords financial services company and loans provider Solvar is first up today. This All Ords share is shooting the moon this session, currently up a whopping 13.3% at $2.04 a share. Earlier today, Solvar shares were even higher, reaching a top of $2.10, which put the company up a massive 16.67% at the time.
It appears investors are flooding into this company following an announcement from Solvar this morning. It revealed that Solvar is raising its maximum dividend payout ratio from 70% to 90% of net profit after tax (NPAT). Right now, Solvar has a trailing dividend yield of more than 7%, so it's not surprising to see investors reacting positively to this news.
Telix Pharmaceuticals Ltd (ASX: TLX)
Next, let's have a look at All Ords healthcare share Telix Pharmaceuticals. Telix shares are also having a cracking day, currently up by a pleasing 11.98% at $8.835 apiece. Earlier in the session, Telix shares hit $8.91 each, a boost of 12.93%.
The catalyst for these moves seems to be a series of ASX announcements Telix made this morning, including a quarterly cash flow report.
This report revealed that Telix turned over $100.1 million in revenue over the three months to 31 March 2023, the first time it has reported more than $100 million in revenue for a quarter.
Telix's Illuccix product was a particular highlight, with US sales of $97.5 million booked for the quarter, up from $76.8 million in the previous quarter. So perhaps it's no wonder this has put investors in a good mood.
Weebit Nano Ltd (ASX: WBT)
Finally today, let's discuss All Ords tech share Weebit Nano. Despite a rough month for the company, Weebit shares have risen by a solid 5.61% at the time of writing up to $5.27 a share. That's down from an intraday high of $5.48, a significant 9.81% jump at the time.
Uniquely on this list, Weebit shares have had no ASX announcements or official developments of any kind out today. Or indeed so far in April. But Weebit is a company where moves like this are not exactly uncommon.
But even so, Weebit remains more than 40% down from its March all-time high of $9.03 a share. So perhaps investors have had a sudden change of heart and decided that the shares are looking cheap right now. Or maybe a major investor has bought a large parcel of shares. Whatever the reason, it's certainly a noteworthy move.
