The Australian Stock Exchange, ASX, is home to over 2,000
listed companies. From biotech and air travel to cutting edge technologies, the
ASX features a myriad of brands and is one of the world’s largest stock
markets. While turbulent and ever changing at best, the Australian market is
still a hub for global investments and expansion. In fact, the market showcases
a comprehensive suite of businesses specializing in all sectors and industries.
No matter your specific niche or interest, it is essential for investors to
stay abreast on all the latest developments. This helps narrow down company
searches, while ensuring investments procure timely and manageable returns.
Top Stock Industries
While the ASX is a burgeoning and well established trading
platform, there are sectors of interest that clearly outshine the rest. This
includes Telecommunications, along with Consumer Staples, Financials, and
especially Resources and Industrials. Most investors are interested in these
industries because they represent the largest and most successful corporations
in Australia. From broking analysts to individual and institutional investors,
these sectors are keenly monitored on a daily basis. According to industry
experts, the Telecommunications industry has seen rapid growth due to
innovative and mobile based technologies. This, however, is just one of many
Australian industries that have propelled domestic and foreign investments to
new heights in recent years.
Top Performing Stocks
When it comes to the Telecommunications sector, Telstra
Corporation Ltd (ASX: TLD) is considered the most widely held and traded stock.
The industrial sector is well represented by Leighton Holdings Limited (ASX:
LEI) and Downer EDI Limited (ASX: DOW). As true industry leaders, both firms
specialize in global mining and construction services. Long time airways guru
Qantas (ASX: QAN) and employment specialist SEEK Limited (ASX: SEK) are also
havens of commerce for those investing within the industrial realm. Rio Tinto
Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP) are considered the
cornerstones of the Australian resources sector.
Market Forecast
The ASX has generated billions and trillions in revenue for
domestic and international shareholders. If looking to expand your portfolio
and tap into a wealth of new and lucrative opportunities, now is the perfect
time to consider investing Down Under.
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