The S&P/ASX 200 climbed 99 points or 1.2% to close at 8,605 on Tuesday, halting weakness in the prior two sessions, as bargain hunting emerged after markets hit a six-week low. Traders largely shrugged off a modest decline in U.S. stock futures, as they welcomed an improvement in consumer mood during May after April's 2-1/2-year low. However, strength was capped by the central bank's May minutes, which indicate underlying inflation in Australia will stay above 3% until late 2027, highlighting that persistent cost pressures had already been running before the Middle East conflict began. Almost all sectors gained, led by communications, logistics, and retail trade. Financials also rose solidly, following Australian government changes to investor tax concessions that could improve asset quality at the country's major lenders. The four big banks advanced between 0.9% to 1.9%. Other top performers were Woolworths Group (4.4%), SGH Ltd. (3.6%), Pro Medicus (3.3%), and QBE Insurance (3.1%).
Australia's main stock market index, the ASX200, rose to 8580 points on May 19, 2026, gaining 0.87% from the previous session. Over the past month, the index has declined 4.17%, though it remains 2.83% higher than a year ago, 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 19 of 2026.
Australia's main stock market index, the ASX200, rose to 8580 points on May 19, 2026, gaining 0.87% from the previous session. Over the past month, the index has declined 4.17%, though it remains 2.83% higher than a year ago, 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 8549.24 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 7996.44 in 12 months time.