You can explain the S&P/ASX 200’s performance for the financial year with just 10 stocks – the five biggest winners and the five biggest losers.If you add the index points from five winners and deduct the five losers, you get pretty close to the entire benchmark’s 236.43-point gain for the financial year. The other 190 stocks net themselves out.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
These 10 stocks prove the ASX is just an index points game
The search for the next big thing has been replaced by long/short theses on CBA and BHP. Nothing else matters.












