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2005/06 Market Performance

The 2005/06 financial year has been another record breaking year as ASX market performance indicators reveal.

In comparison to international markets, the Australian market has been a strong performer over the 2005/06 financial year second only to Japan, a market that has underperformed for a number of years until a dramatic turnaround over the last financial year. Total returns from the S&P / ASX 200 Accumulation Index were around four times the returns of the S&P 500 and nearly twice the returns of the FTSE 100.


Once again the Australian Market performs strongly in the 2005/06 financial year....

Australian Market performance 2005/2006 financial year

 

Top performing sectors over the financial year included Resources (up 49.7%), Materials (up 45.7%) and Energy (up 31.7%). Capitalising on the strength of the market were 227 new listings, raising over $14 billion and secondary equity issues raising in excess of $28 billion. Of these new listings, 86 were resource stocks, accounting for nearly 42% of all new listings for the financial year.

The performance of these debutantes ranges from a 350% gain to a 70% loss from their issue price with the average and median return gains of 18% and 10%, respectively.

There have been a number of significant capital raisings over the 2005/06 financial year with the largest floats including:

  • Goodman Fielder Limited ($2.7 billion)
  • Preferred Capital Limited ($1.2 billion)
  • Spark Infrastructure Group ($1.15 billion)
  • SP Ausnet ($1.13 billion)
  • Dyno Nobel Limited ($1.07 billion)

 
 Australian Market Performance ove 2005/06- Summary Statistics Table

S&P/ASX 200 at 30 June 2006 5073.9
% change 12 months to 30 June 2006 18.6%
Entities* listed on ASX at 30 June 2006 1930
New Entities* listed over 2005/06 227

 * Includes companies and trusts with quoted equities and listed entities with debt securities only or no quoted securities. These are treated as separate entities.

The outlook for the 2006/07 financial year remains strong with $6 billion plus IPOs in the pipeline.

All rights reserved 2006.
The information in this article is intended to provide a general summary only and does not constitute financial product or investment advice. You should consider obtaining independent advice before making any financial and/or investment decisions. Whilst every care has been taken to ensure the accuracy of the information as at the date of the publication, ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. To the extent permitted by law, ASX accepts no responsibility or liability for any losses, costs, damages, expenses or claims arising in any way (including due to negligence) from anyone acting upon, relying upon or refraining from acting upon the information or any material arising from or incidental to the information.