At the other end of the planet, the Australian Enlarged Index, the S&P/ASX 200, achieved a good 2019 vintage, accumulating more than 19.7% since the beginning of the year.
The 200 stocks in the Sydney Stock Exchange Index have diverging paths. Nevertheless, the majority are in the green since 80% are performing positively. The top prize went to Polynovo, a biopharma company, with a 271% increase. The Melbourne laboratory is currently focusing on the development and commercialization of innovative medical devices using its technology in the treatment of burns, surgical wounds and negative pressure therapy. Jumbo Interactive (lottery reseller) replicates this exceptional track record with its 193%. On the other hand, Costa Group (fruit and vegetable producer) is picking up sharply, with a decrease of more than 60%
Graphically, in daily data, the index returns to test the 6775-point line for the fourth time within two months. Driven by upward moving averages, prices could reach the higher technical level close to 6850 points, zenith inscribed this summer. The powerful upward trend is therefore expected to continue.