FISCAL YEAR – AUSTRALIA

ASX winners and losers for 2025 revealed

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Original article by Cliona O’Dowd
The Australian – Page: 13 & 19 : 1-Jul-25

The benchmark S&P/ASX 200 rose 10.2 per cent in the 2024-25 financial year, posting its biggest annual gain since 2021. Ship builder Austal tops the list of best-performing stocks for 2024-25, rising by 152 per cent; it is followed by gold producers Regis Resources (up 150 per cent) and Genesis Minerals (145 per cent). Meanwhile, IDP Education recorded the biggest loss among the top-200 stocks, shedding 76 per cent; other major underperformers included Mineral Resources (down 60 per cent) and Pilbara Minerals (57 per cent). The ASX 200 ended the financial year at 8,542.3 points, and Shane Oliver from AMP says it could potentially rise to around the 8,700-point level by the end of 2025.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AUSTAL LIMITED – ASX ASB, REGIS RESOURCES LIMITED – ASX RRL, GENESIS MINERALS LIMITED – ASX GMD, IDP EDUCATION LIMITED – ASX IEL, MINERAL RESOURCES LIMITED – ASX MIN, PILBARA MINERALS LIMITED – ASX PLS, AMP LIMITED – ASX AMP

Bargain-savvy shoppers to splash $10 billion on EOFY sales

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Jun-24

Australian shoppers are tipped to spend $10.1 billion on mid-year/end of financial year sales in 2024, which is up $800 million (8.6%) from 2023, as retailers showcase their mid-year and tax-time promotions in a bid to entice cash-strapped shoppers. The research by the Australian Retailers Association in collaboration with Roy Morgan shows that 27% quarter of Australians (6.2 million people) will participate in the sales, which is 1% higher than last year. They will each spend an average of $1,638 (up $22 per person from 2023); 35% plan on spending more than last year, 43% plan on spending the same and 22% plan on spending less. The ARA-Roy Morgan Snap SMS survey was conducted with an Australian-wide cross-section of 3,301 Australians aged 18+ on 17- 23 May.

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, ROY MORGAN LIMITED

Shares end year on a high

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Original article by David Rogers
The Weekend Australian – Page: 25 & 39 : 1-Jul-23

The S&P/ASX 200 gained 9.7 per cent during 2022-23, which is well above the average gain of 6.6 per cent over the last decade; it also follows a loss of 10.2 per cent for the previous financial year. The benchmark index rose by 14.5 per cent in 2022-23 on a total return basis, compared with a 6.1 per cent loss in 2021-22. The S&P/ASX 200 information technology index rose by 36 per cent in 2022-23, while the materials sector added 15 per cent. Meanwhile, AMP Capital expects balanced superannuation funds to post a gain of 8-9 per cent for the financial year.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX 200 INFORMATION TECHNOLOGY INDEX

WA miners the top performers

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Original article by Eli Greenblat
The Weekend Australian – Page: 25 & 39 : 1-Jul-23

Lithium producer Liontown Resources was the top-performing stock in the S&P/ASX 200 during 2022-23, rising by 168.25 per cent. The mining and resources sector dominated the performance charts, accounting for six of the 10 stocks with the highest returns for the fiscal year; Western Australia-based miners resources stocks in particular delivered strong returns. However, Lake Resources shed 61.78 per cent in 2022-23; other underperformers included The Star Entertainment Group (down 55.05 per cent) and Domino’s Pizza (down 31.72 per cent).

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, LIONTOWN RESOURCES LIMITED – ASX LTR, LAKE RESOURCES NL – ASX LKE, THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

Global equities the big winner

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Original article by Alex Gluyas
The Australian Financial Review – Page: 27 : 2-Jul-21

Data from BetaShares shows that Australia’s benchmark S&P/ASX 200 gained 27.8 per cent on a total returns basis in 2020-21, including dividends. This compares with a return of 37.4 per cent for the MSCI All Country World Index, which was boosted by technology and financial stocks. The Australian market was in turn bolstered by strong gains from consumer discretionary stocks (up 46.1 per cent), financials (40.6 per cent), technology (39.8 per cent) and resources (29.2 per cent). The S&P 500 gained 40.8 per cent in 2020-21, and it reached another new record high on 1 July.

CORPORATES
BETASHARES CAPITAL LIMITED, STANDARD AND POOR’S ASX 200 INDEX, MSCI ALL COUNTRY WORLD INDEX, STANDARD AND POOR’S 500 INDEX

Taxes down, super up from today

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Original article by Michael Read
The Australian Financial Review – Page: 13 : 1-Jul-21

The corporate tax rate for small and medium enterprises with turnover of less than $50m will be reduced by one per cent to 25 per cent on 1 July. Other changes that take effect at the start of the new financial year include an extension of the low- and middle-income tax offset and an increase in the superannuation guarantee from 9.5 per cent to 10 per cent. The Association of Superannuation Funds of Australia estimates that the super change will boost the retirement income of the average worker by about $19,000. New measures aimed at first-home buyers also take effect on 1 July.

CORPORATES
THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED

Shares deliver $560bn windfall

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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.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX

New financial year ‘reset’ for investors

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Original article by Myriam Robin
The Australian Financial Review – Page: 27 : 4-Jul-17

Australia’s S&P/ASX 200 shed 3.4 per cent in May 2017 and 0.1 per cent in June, due to factors such as tax-loss selling in the lead-up to the end of the financial year. Ophir Asset Management’s Andrew Mitchell is upbeat about the outlook for local equities in July, noting that fund managers will begin reweighting their portfolios. Institutional investors may also buy into stocks prior to the reporting season in August.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, OPHIR ASSET MANAGEMENT PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, TPG TELECOM LIMITED – ASX TPM, ACONEX LIMITED – ASX ACX, SANTOS LIMITED – ASX STO, APN OUTDOOR GROUP LIMITED – ASX APO, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, AVEO GROUP – ASX AOG

Domestic woes to weigh on stocks

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Original article by Myriam Robin
The Australian Financial Review – Page: 24 : 30-Jun-17

Australia’s S&P/ ASX200 index has gained 10.8 per cent in 2016-17, with resources stocks generally performing well while defensive stocks have disappointed. JP Morgan Asset Management’s Kerry Craig notes that some stocks have failed to match their first-half performance in the second half of the financial year. He adds that sector-specific issues and the Australian economy are likely to weigh on the sharemarket in 2017-18.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, JP MORGAN ASSET MANAGEMENT INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, TELSTRA CORPORATION LIMITED – ASX TLS, WESTFIELD CORPORATION – ASX WFD, WHITEHAVEN COAL LIMITED – ASX WHC, THE A2 MILK COMPANY LIMITED – ASX A2M, BLUESCOPE STEEL LIMITED – ASX BSL, QANTAS AIRWAYS LIMITED – ASX QAN, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, DEUTSCHE BANK AG

Time running out for tax-loss selling

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Original article by Jessica Sier
The Australian Financial Review – Page: 20 : 19-Jun-17

Katana Asset Management’s Romano Sala Tenna notes that Australian investors traditionally engaged in tax-loss selling in the final week of June. However, he says investors are increasingly selling underperforming stocks well before the end of the financial year. Quantitative analysis shows that stock which experience a sharp sell-off in May and June typically rebound over the first few months of the new fiscal year. Stocks that have been subject to tax-loss selling in 2017 include Mayne Pharma, APN Outdoor Group and Harvey Norman.

CORPORATES
KATANA ASSET MANAGEMENT LIMITED, MAYNE PHARMA GROUP LIMITED – ASX MYX, APN OUTDOOR GROUP LIMITED – ASX APO, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, SUPER RETAIL GROUP LIMITED – ASX SUL, ORIGIN ENERGY LIMITED – ASX ORG, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, SLATER AND GORDON LIMITED – ASX SGH, AUSTRALIAN TAXATION OFFICE