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June 2016 Market Wrap

After three consecutive months of gains in the Australian share market, the shock 'Brexit' vote to leave the European Union in late June caused the All Ordinaries index to decline by 2.5% for the month.

The All Ordinaries index closed June at 5,310.4 points, marking a 3.8% decline in value over the financial year (after recording only a modest gain of less than 1% in the financial year prior). As a matter of fact, the All Ordinaries index is now back to values last seen in October 2013!

Global investment markets were mixed in June as investors are coming to terms with the full implications of Brexit. The US Dow Jones Index gained 0.8%, the London FTSE gained 4.4%, the Japan Nikkei 225 index fell by 9.6% and the Hong Kong Hang Seng Index fell by 0.1% in the month.

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May 2016 Market Wrap

After gaining 4.1% in March and 3.2% in April, the strength in the Australian share market continued in the month of May.

The All Ordinaries index gained a further 2.5%, to close May at 5,447.8 points. The Australian share market is now in positive territory for 2016, despite a very shaky start.

Global investment markets were mixed in April. The US Dow Jones Index gained 0.1%, the London FTSE fell 0.2%, the Japan Nikkei 225 index gained 3.4% and the Hong Kong Hang Seng Index fell by 1.2% in the month.

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April 2016 Market Wrap

The rebound in Australian shares continued in April. The All Ordinaries index gained a further 3.2% to close the month at 5,316.0 points. While this marks the second consecutive month of solid gains, close attention will be on Treasurer Scott Morrison as he delivers his first Federal Budget tomorrow night.

Global investment markets generally exhibited marginal gains in April. The US Dow Jones Index gained 0.5%, the London FTSE gained 1.1% and the Hong Kong Hang Seng Index gained 1.4% in the month. Bucking the trend was the Japan Nikkei 225 index that declined by 0.6%.

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