As they say, “all good things must come to an end” and the run of eleven consecutive monthly gains for the Australian share market came to an end in September. The All-Ordinaries index closed the month 2.5% lower at 7,629.70 points (and is sharply lower on today’s open after US markets closed the month down).
An extension of lockdown measures in Sydney and Melbourne did not prevent another positive month for the Australian Share market. For the month of August, the All-Ordinaries index closed the month 2.1% higher at 7,823.3 points.
Despite further lockdown and the spread of the COVID-19 delta variant, the Australian share market managed to record gains in the month of July, with the All-Ordinaries index closing the month 1.0% higher at 7,664.2 points.
The Australian share market continued its run of gains in the month of June, with the All-Ordinaries index closing the month 2.4% higher at 7,585.0 points. For the full financial year, the All-Ordinaries index gained a staggering 26.4%, the best financial year return in 34 years!
Australian shares extended a monthly run of gains to eight months in May, the longest stretch in 14 years! The All-Ordinaries index closed the month 1.6% higher at 7,406.7 points. The Australian Dollar gained by 0.4%, with 1 Australian Dollar buying 77.49 US cents.
The Australian share market continued to make gains in the month of April. The All-Ordinaries index closed the month 3.9% higher at 7,290.7 points. The Australian Dollar gained by 1.6%, with 1 Australian Dollar currently buying 77.2 US cents.
March was another positive month for investment markets, with rising investor confidence as COVID-19 vaccines are rolled out globally and low interest rates providing support for investment asset values.
Investment markets consolidated recent gains in February with the All-Ordinaries index closing the month 1.0% higher at 6,940.6 points. The Australian Dollar gained 0.8%, with 1 Australian Dollar buying 77.1 US cents.
Investment markets were subdued in January with the All-Ordinaries index closing the month 0.3% higher at 6,870.9 points. The Australian Dollar retreated marginally, with 1 Australian Dollar buying 76.5 US cents.
December capped the end of a remarkable year, arguably one of the most volatile years for investment markets in memory with the COVID-19 pandemic, government and central bank stimulus measures, all rapidly changing the course of investment markets.