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.
November was a month to relish for investment markets, with significant gains amid positive trial results for several COVID-19 vaccines, and a United States election result that delivered a new Democrat President, while the Republican party looks to retain a majority in the United States upper house.
The Australian share market managed to make a net gain in the month of October, however volatility increased late in the month, with further signs that COVID-19 is spreading unabated in the northern hemisphere, and political uncertainty with the United States election only a matter of days away.
The Australian share market gave back its recent gains in September, with the All Ordinaries index closing the month 3.8% lower at 6,009.3 points. The result was impacted by a poor last day of the month, with the market falling 1.8% on the 30th as the first United States presidential election debate unfolded.
It was a positive month for investment markets, with the All Ordinaries index closing the month 3.1% higher at 6,245.9 points. The Australian share market followed the lead of global share markets despite the rising domestic Coronavirus cases.