O'Reilly logo

Starting Out in Shares the ASX Way, 3rd Edition by ASX

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 9Following the S&P/ASX indices

References to sharemarket activity can be heard on the television news every night. This information can provide a simple and easy way of following the market if you understand the meaning of the information provided. For example, a typical sharemarket report may sound like this:

After a slow start, turnover on the sharemarket was strong today, with the All Ords finishing up 53 points due to a strong rise in the 20 leaders index. In America, the Dow Jones was flat but NASDAQ continued its strong run.

What does this all mean? We will come back to this news report at the end of the chapter.

This is where it is helpful to know how indices are constructed and what they are measuring.

A sharemarket index ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required