Did you know … ASX trebles in 90s
It has been a heady decade for the ASX. It ended the 90s with a domestic market capitalisation of about $652 billion — 3.7 times the $177.8 billion it closed the 80s at.
Likewise, the All Ordinaries almost doubled from 1649.8 at the end of 1989 to finish 1999 at an all time high of 3152.5.
It has been a heady decade for the ASX. It ended the 90s with a domestic market capitalisation of about $652 billion — 3.7 times the $177.8 billion it closed the 80s at.
Likewise, the All Ordinaries almost doubled from 1649.8 at the end of 1989 to finish 1999 at an all time high of 3152.5.
ASX statistics also show just how buoyant the market was last year and how devel-opments like direct and Internet share trading are making it easier for individuals to try their hands directly.
Indeed, at about 10.2 million, the number of ASX equity transactions was 51.3 per cent up on 1998 while turnover volume was 50.9 per cent higher at 114 billion. The value of this turnover, however, only rose 19.7 per cent to $306.9 billion.
Tuesday November 30 was the market’s busiest day with 76,614 trades taking place. The day also ended the ASX’s most hectic week and month in terms of number of trades.
Table: ASX year-end statistics:
1998 1999 % change
Market cap
Domestic market cap $536bn $652bn 21.6
Market cap as % of GDP 83.7% 95 %
Equities Trading
Number of transactions 6.7 mln 10.2 mln 51.3
Turnover volume 75.5 bn 114 bn 50.9
Turnover value $256.5 bn $306.9 bn 19.7
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AUTHOR
Zilla Efrat
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