Australian equities rose 62 points, or 0.7%, to 8,727 in early deals on Friday, the first trading day of May, snapping an eight-session losing streak and bouncing back from a three-week low. Bargain hunting drove broad-based gains, with non-energy minerals and industrial services leading. An upward revision in April manufacturing PMI also lifted investor sentiment despite weaker output and soft underlying demand at home and abroad. Meanwhile, U.S. stock futures strengthened following record-high closes on Wall Street's S&P 500 and Nasdaq Thursday, amid strong earnings from Apple and Caterpillar, even as economic data weakened and geopolitical risks linger. Lynas Rare Earths jumped 3.1%, followed by BHP Group (2.8%), Evolution Mining (2.2%), and Fortescue (1.4%). However, markets are tracking a third straight weekly drop, down about 0.7% so far, as persistent inflation pressures weigh. Concerns also linger that the Reserve Bank may raise cash rates further when officials meet next week.
Australia's main stock market index, the ASX200, rose to 8711 points on May 1, 2026, gaining 0.53% from the previous session. Over the past month, the index has climbed 1.54% and is up 5.75% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Historically, the Australia Stock Market Index reached an all time high of 9202.90 in February of 2026. Australia Stock Market Index - data, forecasts, historical chart - was last updated on May 1 of 2026.
Australia's main stock market index, the ASX200, rose to 8711 points on May 1, 2026, gaining 0.53% from the previous session. Over the past month, the index has climbed 1.54% and is up 5.75% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. The Australia Stock Market Index is expected to trade at 8665.36 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 8144.21 in 12 months time.