How it started
History
When established, the All Ords had a base index of 500; this means that if the index is currently at 5000 points, the nominal value of stocks in the All Ords in Australian dollars has increased tenfold since January 1980.
On 3 April 2000, the All Ords was restructured to consist of the 500 largest companies by market capitalisation. This coincided with the introduction of new benchmark indices such as the S&P/ASX 200. The importance of the All Ords has been significantly lessened by the introduction of these new indices.
On 31 October 2007, the index was at 6,873.20, its highest value prior to the 2008 financial crisis.
As of 22 January 2008, it had fallen to 5,222.0 points due to turmoil related to the subprime mortgage crisis, a 24% fall.
On 6 March 2009, it was at a low of 3,111.7 points, during a worldwide drop in stock values, 54% less than the 1 November 2007 high.
From Wikipedia’s article on All Ordinaries, shared under CC BY-SA 4.0.2
