(VIANEWS) – S&P/ASX ALL AUSTRALIAN 200 (AXAT) is currently on bullish momentum. At 05:08 EST on Sunday, 25 September, S&P/ASX ALL AUSTRALIAN 200 (AXAT) is at 6,988.30, 4.02% up since the last session’s close.

Why is S&P/ASX ALL AUSTRALIAN 200 Index Going Up?

The S&P/ASX ALL Australian 200 index is a gauge of the Australian share market. It represents 80% of the country’s share market value. Its value fluctuates based on the activity of individual companies, the general market and economic conditions. Generally speaking, larger companies are less volatile than smaller ones. However, this does not mean that larger companies are worth less than smaller ones.

There are more than 2,000 listed companies on the ASX, and more are being added every day. Smaller companies are generally more risky investments, since they are more likely to go out of business. However, nothing is guaranteed in the share market. The S&P/ASX 200 index measures the combined performance of the 200 largest companies on the ASX.

The S&P/ASX 200 index is one of the leading indicators of Australian stock prices. Its recent rally has erased a three-month stretch of losses. The index is now up 6% since the end of July, a significant improvement. However, the recent bounce has not erased year-to-date losses. As of 17 August 2022, the ASX 200 index is down over 6% YTD.

The S&P/ASX 200 index is an index of the 200 largest Australian companies by market capitalisation. It is managed by Standard & Poor’s, an international ratings agency. Standard & Poor’s rebalances the index every quarter.

S&P/ASX ALL AUSTRALIAN 200 Range

Concerning S&P/ASX ALL AUSTRALIAN 200’s daily highs and lows, it’s 7.07% up from its trailing 7 days low of $6,527.00 and 2.44% up from its trailing 7 days high of $6,821.90.

Concerning S&P/ASX ALL AUSTRALIAN 200’s yearly highs and lows, it’s 9.32% up from its 52-week low and 8.05% down from its 52-week high.

Volatility

S&P/ASX ALL AUSTRALIAN 200’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.34%, a negative 0.19%, and a positive 0.74%, respectively.

S&P/ASX ALL AUSTRALIAN 200’s highest amplitude of average volatility was 1.45% (last week), 0.89% (last month), and 0.74% (last quarter), respectively.

Index Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, S&P/ASX ALL AUSTRALIAN 200’s is considered to be overbought (>=80).

News about NASDAQ

  • According to FXStreet on Friday, 23 September, "Overall, the Dow Jones lost 107 basis points, the S&P 500 fell by 0.8%, and the NASDAQ posted a 1.4% loss for the session."
  • According to FXStreet on Friday, 23 September, "Overall, the Dow Jones lost a further 107 basis points, while the S&P 500 and the NASDAQ dropped lower by 0.8% and 1.4%, respectively, during the session."

More news about S&P/ASX ALL AUSTRALIAN 200 (AXAT).

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