Australian Market Segments to December
November was dominated by mid-cap shares rising 4.8% compared to the market only rising 3.1%.
The strength in Mid-Caps is partly explained by the strong moves this month from:
- A2 Milk (A2M) +22.4%,
- Xero (XRO) +23.9%,
- Resmed (RMD) +19.9% and
- Magellan Financial (MFG) +8.3%
These four being half of the top eight Mid-Cap shares on the ASX.
Together, this Mid-Cap strength has pulled the market higher, while all other segments are below the overall market with:
- Top Twenty (XTL) + 2%
- Small-Caps (XSO) + 1.5%
- Emerging Companies (XEC) -0.5%
The chart below has the top line in gold highlighted as the Mid-Cap’s performance over the last month.