Shares deliver $560bn windfall

Original article by David Rogers
The Australian – Page: 13 & 20 : 1-Jul-21

Australia’s S&P/ASX 200 capped off a stellar recovery from the COVID-19 pandemic by posting a gain in all but one month during 2020-21. The benchmark index’s 24 per cent gain was the best return for a financial year since its inception, and follows a pandemic-induced loss of 11.3 per cent in 2019-20. The S&P/ASX 200 reached a record high of 7,406.2 points in May, having slumped to a low of 4,402.5 points in March 2020 as the pandemic weighed on global financial markets. Utilities is the only sector that failed to post a positive return in 2020-21.


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