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Graeme Hunt says he never expected he’d end up here.Ī year ago, Hunt was non-executive chairman of AGL Energy and working with chief executive Brett Redman to steer the power giant through the pandemic crisis. also plunged 9.5 per cent to $11.58 and Collins Food, which reported yesterday, fell 4.3 per cent to $11.47.ģ.45PM – The big bet at the heart of AGL’s split The stock closed down 13 per cent at $2.21.ĪGL Energy dived 10 per cent to $8.20 having announced the structural separation of its retail business. Nuix hit an all-time low of $2.16 during the day as the embattled company admitted it was disturbed by allegations made by ASIC regarding former chief financial officer Stephen Doyle. Mineral Resources added 4.1 per cent to $53.73, Clinuvel Pharmaceuticals gained 4.7 per cent to $30.70 and AUB Group rose 3.2 per cent to $22.39. Travel stocks rebounded as Webjet climbed 3.6 per cent to $4.91, Corporate Travel Management advanced 3.1 per cent to $21.49 and Qantas rose 2.4 per cent to $4.66. The market’s gains were supported by Iluka Resources, which surged 11.7 per cent to $9.15, while Telstra added 4.4 per cent to $3.76 on news it has sold a 49 per cent stake in its towers business. The S&P/ASX 200 added 11.8 points to close the 2021 financial year at 7313. The Australian sharemarket closed 0.2 per cent higher on Wednesday, ending the financial year with a 24 per cent gain – making it the bourse’s best year since inception. The rally over the past year, boosted by the economic rebound from the depths of the pandemic and record levels of central bank and government spending, has even eclipsed the boom years before the global financial crisis. The historic Australian equity index delivered a 26.4 per cent gain, bettering every financial year since 1987 when markets were in the grip of a euphoria that suddenly and painfully unwound following the Black Monday stock market crash. The S&P/ASX 200 surged 24 per cent in the 12 months that ended on Wednesday, the best stretch since the benchmark’s inception, while the broader All Ordinaries with a longer history had its best run in 34 years. 4.29PM – Markets notch best year since roaring 1980sĪustralian shares have posted their best financial year in more than three decades, delivering thundering returns for investors that recall the go-go days of Wall Street, and sending the market value of blue chips beyond $2 trillion for the first time.