Australian Value: January 2012
February 07, 2012
The Australian market ended in positive territory and saw its biggest monthly gain since October 2011, finishing the month up 5.0%, as measured by the S&P/ASX 300 Accumulation Index. Late in the month, Prime Minister Gillard announced a September date for the federal election, the longest notification period since World War II. The Australian dollar remained high and ended the month unchanged at US$1.04.
Performance was positive across all sectors for the month, with technology dominating the market, followed by consumer discretionary and financials. The laggers were led by materials, utilities and healthcare.