Why did lithium and supermarket stocks tank, while JB-HiFi and Lovisa beat expectations? We look back at the year that was in markets
ABC News – 1 July 2024
“Super has done much better than expected over the last financial year,” said SuperRatings insights manager Joshua Lowen.
“In the first half of the year, share markets didn’t perform particularly well, but from about November 2023, international and Australian share markets really picked up,” he said.
Shares are a major driver for most people’s superannuation balances.
“And so that recovered those early losses and then actually exceeded expectations to bring returns for the year above the long-term average, which sits around 7 per cent.”
