The All Ordinaries Index (ASX: XAO) may have fallen today but three ASX shares defied the trend.
The index dropped 0.3% today to 7,564.80 points. The S&P/ASX 200 Index (ASX: XJO) also fell 0.16% today, to 7,304.70 points.
Let’s take a look at which shares outperformed the ASX All Ordinaries Index today.
The Origin Energy share price reached a multiple-year high of $7.075 in today’s trade. This is the highest price since February 2020. The company’s share price retreated to finish at $7.00, a 1.3% gain on yesterday’s close. Brent Crude oil has climbed 1.12% to US$106.15 per barrel, according to Bloomberg, while natural gas fell 1.19%. Meantime, coal surged more than 8% on global markets, Trading Economics data reveals. Origin intends to close its coal-fired plant, the Eraring Power Station in New South Wales by 2025.
Coronado Global Resources Inc (ASX: CRN)
The Coronado Global Resources share price hit a yearly high of $2.43 in earlier trade today before closing at $2.38. Coronado is a metallurgical (met) coal producer, an essential element for steel. Coronado recently reported record coal sales in the March quarter, up 1.4% on the December quarter. The realised met coal price was also up 24.4% in the December quarter. Coronado is involved in projects in Queensland and the United States. The company claims it is one of the largest met coal producers globally.
The Orora share price reached a yearly high of $4.02 in earlier trade today before retreating to $3.99 at the close of trade. Orora is a global packaging, products, and visual communications solutions company. Orora shares have been rising since the company’s investor day presentation on 28 April. The Orora share price has climbed 5% between market close on 27 April and 4 May. On 28 April, the company revealed operating and earnings momentum has exceeded its H122 results. Orora expects EBIT growth for FY22 to be higher than FY21. The total FY22 dividend is predicted to be at the top end of the 60 to 80% payout range.
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