From Commsec comes news that the the All Ordinaries Accumulation index (AOAI) – arguably the best gauge to track the performance of the sharemarket since it measures total returns (both share prices and dividends) – hit a record high of 42,951 yesterday, up from the previous high of 42,946 set on November 1 2007 (see next chart).
The AOAI has almost doubled, lifting by 95%, since the February 2009 trough.
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The All Ordinaries index also hit fresh 5-year highs yesterday (highest since June 30 2008) at 5,288.6, whereas the ASX 200 hit a 5-year high of 5,295.5.
