July has strengthened the Australian Securities Exchange (ASX) with new record highs following a 2.46% increase to market value, a part of a greater 10.04% increase for the past year.
The S&P/ASX 200 hit a watermark high on 18 July, scaling 8,776.4 points to begin the financial year.
The platform held 8496.7 points to start the month on 1 July, gaining 221.3 points to reach a total of 8,718 on 30 July.
Materials companies in particular have seen the effects of a positive market, jumping 6.91% in July, alongside eight other sectors performing higher.
As reported by Mining.com.au, the Australian Bureau of Statistics returned a trimmed mean consumer price index (CPI) yesterday (30 July), ahead of the Reserve Bank of Australia’s policy meeting scheduled for August 11-12.
The CPI was reported to rise 2.1% over the 12 months leading the June 2025 quarter.
Write to Maddison Elliott at Mining.com.au
Images: iStock
