Most stock market investors had reason to smile during the 2016-17 financial year, with the Australian market making double-digit gains.
The All Ordinaries ended June at 5855.90, for a gain of 10.3 per cent over the 12 months. That was significantly higher than the inflation rate, which is currently at 2.1 per cent.
The historical record, though, is mixed. The market has increased 41.6 per cent over the past five years but has lost 7.2 per cent over the past 10 years.
|Change over the past 1 month||1.6%|
|Change over the past 3 months||-0.8%|
|Change over the past 6 months||2.4%|
|Change over the past 1 year||10.3%|
|Change over the past 3 years||8.8%|
|Change over the past 5 years||41.6%|
|Change over the past 10 years||-7.2%|
|Change over the past 15 years||85.1%|
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.
More companies, more trading
Trading volumes in June 2017 were 12.4 per cent higher than in June 2016, according to the ASX (Australian Securities Exchange).
There were 152 companies added to the ASX during the last financial year – 22.6 per cent higher than the previous financial year, which featured 124 new listings.
There were also 117 delistings, compared to 140 the year before – a 16.4 per cent reduction.