Australia’s stock market has basically stood still over the past year, when adjusted for inflation.
The All Ordinaries closed at 5773.90 at the end of the July – 2.3 per cent higher than in July 2016, when it finished at 5644.00.
That is only marginally higher than the national inflation rate, which is 1.9 per cent, according to the most recent data from the Australian Bureau of Statistics.
Returns over the past three years have actually gone backwards in real terms.
The All Ordinaries climbed 2.7 per cent in the three years to July – but inflation rose 4.5 per cent during the same period.
|Change over the past 1 month||0.2%|
|Change over the past 3 months||-2.9%|
|Change over the past 6 months||1.7%|
|Change over the past 1 year||2.3%|
|Change over the past 3 years||2.7%|
|Change over the past 5 years||34.6%|
|Change over the past 10 years||-6.7%|
The All Ordinaries is an index made up of the share prices for 500 of the largest companies listed on the Australian Securities Exchange. It peaked at 6873.20 on 1 November 2007.
Trading activity rises
There were 2,242 companies listed on the Australian Securities Exchange (ASX) at the end of July – a 1.4 per cent increase on the year before.
The number of average daily trades reached 1.1 million, which was 12.6 per cent higher than in July 2016.
However, total capital raised fell 42.4 per cent, from $8.6 billion to $5.0 billion.