Australian shares recouped some of their recent losses on Thursday, with the benchmark S&P/ASX 200 rising above the 6,800 level as a rally in the materials and energy sectors lifted the broader market. Investors have refocused on a vaccine and stimulus-driven global economic recovery, with value-oriented stocks once again reasserting their dominance. Ramsay Health Care Ltd and Flight Centre Travel Group Ltd were among the biggest gainers on the ASX, up 8% and 6%, respectively.
Historically, the Australia S&P/ASX 200 Stock Market Index reached an all time high of 7199.79 in February of 2020. Australia S&P/ASX 200 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The Australia S&P/ASX 200 Stock Market Index is expected to trade at 6655.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6302.68 in 12 months time.