The ASX All Ordinaries has lost 9.6% of its value in the last month.
The index finished on a muted note due to negative sentiment around the global economic outlook.
Still, there were a few notable exceptions on the ASX.
The ASX All Ordinaries, which constitutes the 500 largest companies listed on the ASX 200, closed on a weaker note in June. ASX All Ordinaries has lost 9.6% of its value in June. The index finished on a muted note on account of several factors such as looming recession concerns, interest rate hikes, ongoing geopolitical tensions, and rising consumer prices. These combined to create a negative sentiment around the global economic outlook. Still, there were a few notable exceptions on the ASX. These shares rose as high as 60% in June.
On this note, let’s discuss three ASX All Ordinaries shares which were the best performers in June:
Silex Systems Ltd (ASX:SLX)
Silex Systems is a tech firm with a focus on Silex Laser Enrichment Technology. Shares of the ASX-listed tech firm rose 60.9% in June. Silex Systems' stocks advanced following announcement of execution of the letter of intent with the largest producer of carbon-free energy in the US.
Commenting on the development, Michael Goldsworthy, Silex’s Chief Executive Officer (CEO) and Managing Director said, “This LOI signals the beginning of an important process for GLE in its effort to build key industry and commercial relationships and position itself to become a diversified US-based supplier of nuclear fuel,” he added.
Tassal Group Ltd (ASX:TGR)
Tassal Group is focused on the production of seafood and Atlantic salmon. Shares of Tassal Group surged 30.9% last month. Shares of the company were in focus last month after the latter received a third and increased takeover bid from Canada’s Cooke Inc. The Canadian firm had proposed a 100% acquisition of the ASX-listed firm’s shares in cash for AU$4.85 per Tassal share.
Tabcorp Holdings Ltd (ASX:TAH)
Tabcorp Holdings provides gambling and entertainment services. Shares of Tabcorp Holdings surged 17.7% last month. The stock of Tabcorp rose after the company announced that it had settled its legal proceedings with Racing Queensland.
Commenting on the development, Tabcorp’s Managing Director and CEO, Adam Rytenskild, said, “I commend the Queensland Government for delivering fair and much needed reforms that bring the wagering market into line with the modern economy.”