The ASX 200 gained 21.70 points or 0.33% to 6664.80 on Thursday, following an advance of 0.66% in the previous session while losing 1.36% for the week and closing early ahead of the Christmas holiday. Risk sentiment improved across the Asia-Pacific amid uncertainty surrounding President Donald Trump’s demand for changes to pandemic relief legislation as House Speaker Nancy Pelosi seized on Trump’s call for larger individual checks. Among individual stocks, BHP added 1.18% after revealing that it would resume operations at its long-shuttered Samarco joint venture, while debt buyer Credit Corp added 19.66% after an announcement that it had purchased a $160 million book of debts from troubled vendor Collection House. The ASX 200 will be closed on December 25th and 28th for Christmas.
Historically, the Australia S&P/ASX 200 Stock Market Index reached an all time high of 7199.79 in February of 2020. Australia S&P/ASX 200 Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The Australia S&P/ASX 200 Stock Market Index is expected to trade at 6544.83 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6197.60 in 12 months time.