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Which market performed best in Q3?

dale-gillham/wealth-within/

6 April 2022
| By Laura Dew |
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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

 

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