The Australian sharemarket recorded a total return (share price growth plus dividends) of 11.5 per cent in the year to 30 June.
After falling in the December quarter, the market had a big turnaround in the six months to June – rising 19.7 per cent. The market hit a record high on June 20.
Communications services had the biggest gain, with stocks in the sector rising by an average of 39 per cent. Industrials rose 19.8 per cent, information technology 19.3 per cent, materials 18.3 per cent, real estate 14.4 per cent, consumer staples 13.9 per cent and financials 8.2 per cent.
The market is up by around 20 per cent since the sell-off in the December quarter,
There are 11 stocks in the S&P/ASX 300 whose share price has more than doubled since the start of the year. They include lottery distributor Jumbo Interactive, whose shares have increased by 193.7 per cent over the past six months, Polynovo (up 156.7 per cent), Nearmap, Fortescue Metals, Pro Medicus, Appen Ltd, Silver Lake Resources, Magellan Financial Group, Westgold resources, Afterpay Touch and EML Payments.
Stocks that have suffered heavy falls since the start of the year include Dacian Gold, which has fallen 78.5 per cent over the past six months, ARQ Group, Liquefied Natural, Eclipx Group, Galaxy Resources, Costa Group Holdings, Metals X Ltd and Galaxy Resources.
Compared with the performance of the S&P/ASX 200, Australian small caps rose just 1.9 per cent over the year to June and international equities rose 11.9 per cent.
The top-performing sector was the AREIT market) Australian real estate investment trusts), which rose 19.4 per cent. The high and stable yields offered by AREITs were in demand. Infrastructure, which appeals for similar reasons, rose 12.4 per cent.
Australian fixed income rose 9.6 per cent and international fixed interest was up 7.2 per cent.