The ASX’s bumper year makes for bullish investors (despite the chaos)

The Australian sharemarket has recorded its best financial year since the pandemic as investors shrugged off the Trump administration’s chaotic trade policies and instability in the Middle East to push local stocks up more than 10 per cent and toward record highs.

Powered largely by big gains in Commonwealth Bank, Westpac and Wesfarmers, the S&P/ASX 200 Index had their best year since 2021, when investors piled back into the market after the COVID-19 slump. CBA, the country’s largest bank and most valuable company, was responsible for 47 per cent of the index’s gain over the 12 months alone.

Loading…