The Australian sharemarket had its fourth consecutive month of gains in June.
The All Ordinaries Index closed the month 3.5% higher at 3,947.8 points. In June, investors returned to the sharemarket on growing belief that the global economy is slowly rebounding.
Global shares continued their upward trend in June, consistent with the Australian sharemarket.
30 June represented the close of the Australian financial year. The past year will be remembered for the Global Financial Crisis and near collapse of the global financial system.