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Shares proved a solid investment in 2017
Australia’s stock market posted solid gains in 2017, thanks to strong growth over the final quarter.
The All Ordinaries rose from 5,719.10 at the start of the year to 6,167.30 at the end – a 7.8 per cent increase (see table below).
After climbing to 5,903.80 at the end of March, the index actually fell to 5,764.00 at the end of June and then fell further to 5,744.90 at the end of September.
However, it then jumped 7.4 per cent between the end of September and the end of December.
Looking over the longer term, the All Ordinaries has grown 14.5 per cent over the past three years and 32.2 per cent over the past five years – but has fallen 4.0 per cent over the decade.
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.
| Close at 29 December 2017 | 6,167.30 |
|---|---|
| Change over the past 1 month | 1.8% |
| Change over the past 3 months | 7.4% |
| Change over the past 6 months | 7.0% |
| Change over the past 9 months | 4.5% |
| Change over the past 1 year | 7.8% |
| Change over the past 3 years | 14.5% |
| Change over the past 5 years | 32.2% |
| Change over the past 10 years | -4.0% |
Disclaimer
This article is over two years old, last updated on January 2, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent investment funds articles.
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