Profit taking was evident in the Australian share market in the month of June, with the All Ordinaries Index falling 1.7% to close the month at 5,382 points. Nevertheless, it was a strong financial year for Australian shares, with the overall market gaining 12.7% for the full financial year.
Global share markets were mixed in June despite escalating violence in Iraq, with the US Dow Jones Index gaining 0.7%, the London the FTSE falling 1.5%, the Hong Kong Hang Seng Index gaining 0.5% and the Japan Nikkei 225 Index gaining 3.6% for the month.