ASX All Ordinaries sets record, mixed bag for agribusinesses
The ASX All Ordinaries Index has set a new record. See how agribusiness has performed.
The Australian Securities Exchange All Ordinaries Index hit an all-time record today, but most agribusiness stocks have not flown so high.
The All Ordinaries Index hit 7329.4 points this afternoon, beating the previous record of 7289.7 set on February 20 last year, prior to the market crash attributed to COVID-19.
But less than half of the top 30 agribusiness stocks listed on the ASX are at levels higher than what they were on February 20.
Of the biggest listed agribusiness, only the share prices of Elders, GrainCorp, Costa Group Holdings and Bega Cheese are at higher levels than they were when the All Ordinaries hit its previous peak.
Elders’ share price is now about 55 per cent higher than it was on February 20 last year, and Costa Group is nearly 52 per cent higher.
The share prices of GrainCorp and Bega Cheese are now about 42 per cent higher than they were 14 months ago.
The biggest flyer is industrial hemp producer Australian Primary Hemp, whose shares have tripled in price during the past 14 months from 13 cents a share on February 20 to 39 cents today.
Another big performer has been veterinary services company Apiam Animal Health, whose share price has risen 60 per cent, from 53 cents when the All Ordinaries peaked last year to 85 cents today.
Wine producer Australian Vintage and rice processor Ricegrowers Limited, had rises of 48 per cent and 44 per cent, respectively, over the same period.
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