Which market performed best in Q3?
The ASX 200 was the only major market to report positive gains during the third quarter of 2021/22.
Looking at data from FE Analytics, over the three months to 31 March, the ASX 200 returned 2.2% compared to losses by global markets.
It was a case of large-cap stocks being the best performers over the period with the ASX 50 returning 4% and the All Ordinaries returning 1.6% compared to losses of 4.2% by the ASX Small Ordinaries.
Performance of ASX indices during Q3
The ASX 50 included commodity stocks like Woodside Petroleum which was up 54%, BHP up 30%, South32 up 28% and Santos which was up 24.7%.
Dale Gillham, chief analyst at Wealth Within, said: “I do believe this trend will continue, therefore, I would advise investors to stick to the top 50 stocks in the Australian market if they want to achieve some good profits”.
Looking at global markets, the worst-performing major market was the Shanghai Stock Exchange Composite which had lost 13% followed by Japan’s TOPIX and Hong Kong Hang Seng index which both lost more than 9%.
In the US, the Dow Jones had lost 5.2%, the S&P 500 had lost 7.7% and the tech-heavy Nasdaq had lost 10.6% as technology stocks because of the long duration of their earnings in an environment with rising inflation and interest rates.
The FTSE 100 lost 2.5% and the MSCI World index lost 7%.
Performance of developed markets during Q3
AUTHOR
Laura Dew
Recommended for you
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.
Morningstar Australasia is scrapping its controversial use of algorithm-driven Medalist ratings in Australia next year and confirmed all ratings will now be provided by human analysts.
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
