Financial Year Stocks Up
Today ends the Australian financial year with the stock market up 21.6% for the year. This follows a pretty good year in 2003/04 of 17.7% and two dud years of -7.6% in 2001/02 and -5.2% in 2002/03. The 20-year average increase in the All Ordinaries price index to 30 June 2005 is 8.4%pa (ignoring dividends). We have updated the share price index data in Research Centre.
According to the 2004 ASX share ownership survey, 50% of men (over age 17) and 40% of women have direct holdings in shares. By age group this varies from 21% in the 18 to 24 age group to 56% in the 55+ age group. On average people own 6 stocks and have an average value invested of $41,400. Total ownership of shares has increased from 20% of the adult population in 1997 to 44% in 2004. You can find further information on the ASX Survey at http://www.asx.com.au/about/pdf/ShareStudy2004PresentationBackgroundInfo.pdf
Posted Thursday, 30 June 2005
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