ASX 200

ASX 200: A Rollercoaster Year in Review

Find out how ASX 200 stocks fared in 2023 and what to expect in 2024!

In the world of Australian stocks, 2023 was a rollercoaster ride for the ASX 200 index. Pilbara Minerals Ltd (ASX: PLS) saw its share price soar, outperforming the S&P/ASX 200 Index. The Australian market is expected to continue its strong performance in 2024, with experts predicting an outperformance against other global financial markets. As the new year began, several ASX 200 stocks started trading at 52-week highs, indicating a bullish start for investors.

In December 2023, the S&P ASX 200 closed with a 12% gain, driven by sectors like real estate and healthcare. The momentum carried into 2024, with the ASX nearing record highs and showing a promising start to the trading sessions. Major contributors to this climb included oil stocks, reflecting positive investor sentiment in the energy sector.

Wesfarmers Ltd (ASX: WES) and ANZ Group Holdings Ltd (ASX: ANZ) were standout performers, with their shares smashing the ASX 200 in 2023. On the flip side, investors witnessed a decline in ASX 200 gold stocks, raising concerns and triggering sell-offs in the market.

While Aussie motorists rejoiced at falling oil prices post-Christmas, investors in ASX 200 energy shares like Woodside, Beach, and Santos closely monitored the market dynamics. The volatility in commodity prices and global shifts continue to shape the performance of ASX 200 stocks, creating an exciting landscape for investors to navigate.