The S&P/ASX 200 pared back early gains to close flat or just 0.02% higher at 7,415 on Thursday, with advances in real estate, technology and financials weighed down by losses in energy, health and consumer stocks. Aristocrat Leisure rose 2.86% after raising US$674 million for its Playtech acquisition; other gainers include Xero (2.64%), Macquarie Group (0.94%) and Goodman Group (1.93%). Elsewhere, Australian miners dragged the market with BHP losing 0.23%, while Rio Tinto and Fortescue Metals fell 1.32% and 0.62%, respectively. Meanwhile, markets await developments in the country’s coronavirus situation as Victoria starts relaxing restrictions from midnight as the state comes out of the world's longest lockdown.
Historically, the Australia Stock Market Index (AU200) reached an all time high of 7632.80 in August of 2021. Australia Stock Market Index (AU200) - data, forecasts, historical chart - was last updated on October of 2021.
The Australia Stock Market Index (AU200) is expected to trade at 7213.29 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 6784.82 in 12 months time.