Trading volumes and stock index performanceThe monthly trading volume of the ASX was dominated by equity trades, which are the buying and selling of company shares or stocks. As of June 2023, the largest companies listed on ASX included BHP Group, Commonwealth Bank, and CSL Ltd. The average daily equity trading value in Australia in the last quarter of 2022 stood at 3.4 billion Australian dollars.
Like all major stock markets, the ASX, in conjunction with Standards & Poor’s, maintains stock indexes. The most common are the S&P/AXS 20, S&P/AXS 50, S&P/AXS 100, S&P/AXS 200, and S&P/AXS 300, representing the largest 20, 50, 100, 200, and 300 companies listed on the exchange respectively. The All Ordinaries price index, which includes the performance of the 500 most important companies listed on the ASX, was significantly impacted by the global coronavirus pandemic. However, it has since recovered and stood at 7,221.7 at the end of 2022. On the other end of the scale, the S&P/ASX Small Ordinaries index, representing small-cap Australian equity portfolios, experienced a similar drop in performance between January and March 2020.