The S&P/ASX 200 index finished up 28 points, or 0.5%, at 6,195 on Friday following a rally on Wall Street overnight, as financial stocks snapped 10 sessions of losses and healthcare shares also gained. In addition, energy stocks rose as oil prices traded near 2019 highs, while mining shares declined, led down by gold miners. Meanwhile, New Zealand's benchmark S&P/NZX 50 index closed up 90 points, or 1%, at a record high of 9,551. Historically, the Australia S&P/ASX 200 Stock Market Index reached an all time high of 6828.70 in November of 2007 and a record low of 1358.50 in November of 1992.
The Australia S&P/ASX 200 Stock Market Index is expected to trade at 6153.15 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 5986.73 in 12 months time.