Aust stocks finish 2022 down 5.45 per cent

December 30, 2022 04:14 PM AEDT | By AAPNEWS

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The local share market has ended a dismal year with a bit of a whimper.

After being up as many as 53 points in early trading and again close to that by late afternoon, the benchmark S&P/ASX200 index fell steadily in the final 30 minutes of trading to close Friday up just 18.6 points, or 0.27 per cent, at 7038.7.

The broader All Ordinaries gained 24.4 points, or 0.34 per cent, to 7221.7.

For the year, the ASX200 finished down 5.45 per cent, its worst performance since 2018. While the index gained 8.7 per cent over the fourth quarter, it ended December down 3.4 per cent for the month.

On the "glass half full" side, its annual performance was far better than a number of international markets.

Across the Ditch, the NZ50 finished the year down 12 per cent. With a day of trading left in the US, the S&P500 is down 19.2 per cent for the year, while the Dow Jones Industrial Average has lost 8.6 per cent. The global MSCI World index is down 20.3 per cent.

In currency, the Australian dollar was buying 67.76 US cents, up from 67.43 US cents at Thursday's ASX close.

For the year the Aussie is down 6.7 per cent, having bought 72.65 US cents this time in 2021.

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