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
Recommended for you
Six months after scrapping its planned deal with KKR, Perpetual is yet to make significant headway on the sale of its wealth management division but is focusing on alternatives for product development.
Platinum Asset Management’s NPAT has fallen by 89 per cent in FY25, with the firm confirming that it will be renamed as L1 Group following the expected completion of its merger with L1 Capital.
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.