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ASX All Ordinaries Index: Tracking Broader Market Movements on the Australian Securities Exchange

Author: Sarah Thomas
by Sarah Thomas
Posted: May 15, 2025

Highlights:

  • The ASX All Ordinaries Index reflects a comprehensive view of companies listed on the Australian Securities Exchange.

  • Constituents of the index span sectors including energy, healthcare, materials, financials, and information technology.

  • The index includes companies with various market capitalisation levels, offering insight into broader market trends.

The ASX All Ordinaries Index and the Broader Market

The ASX All Ordinaries Index represents one of the most extensive indicators of overall market performance in Australia. It includes the largest listed companies by market capitalisation across multiple industries, offering a detailed cross-section of sectoral activity. Unlike more selective indices, the All Ordinaries comprises a broader pool, offering a comprehensive picture of market sentiment based on aggregate price movements.

This index is considered a benchmark for tracking trends across various industries and reflects daily trading sentiment of Australian-listed equities. Commonly known as the "All Ords," it does not include small-cap or speculative stocks outside the main market.

Constituents and Sectoral Composition

The composition of the ASX All Ordinaries Index includes companies from various sectors such as:

  • Energy

  • Financial Services

  • Materials and Mining

  • Real Estate

  • Consumer Discretionary

  • Health Care

  • Utilities

  • Communication Services

  • Information Technology

Each sector plays a role in influencing the overall index movements. For example, heavyweights in the financial sector, such as Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corporation (ASX: WBC), often have a more pronounced impact due to their relative market capitalisation.

Similarly, materials-focused stocks like BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) contribute significantly to fluctuations in the index when commodity prices shift.

Market Capitalisation and Stock Weighting

The ASX All Ordinaries Index includes companies of various sizes, and their weighting in the index is determined by their market capitalisation. Larger companies carry more weight, making their price movements more impactful on the index value. For instance, if a major stock in the index experiences a significant upward or downward shift, it can affect the direction of the entire index.

Companies such as CSL Ltd (ASX: CSL) and Macquarie Group Ltd (ASX: MQG) are examples of stocks with larger influence due to their valuation and liquidity.

Energy Sector Influence

Energy stocks are among the many contributors to the All Ordinaries. Companies such as Woodside Energy Group Ltd (ASX: WDS) and Santos Ltd (ASX: STO) represent the sector, with share price changes tied to global energy demand, supply contracts, and production data. As energy prices fluctuate globally, these stocks can either boost or drag the index depending on directionality.

A shift in oil and gas prices often correlates with movements in these stocks, which then ripple across the All Ordinaries due to their weight in the broader index.

Real Estate and Property Trust Representation

Real Estate Investment Trusts (REITs) also comprise a portion of the index. Businesses such as Goodman Group (ASX: GMG) and Scentre Group (ASX: SCG) reflect the commercial property segment. Their performance is influenced by tenancy rates, rental yields, and property development activity.

Interest rate changes and macroeconomic housing data can influence movement within these entities, thereby impacting the wider index trend.

Technology and Telecommunications

The growing relevance of the tech and communications sector is captured within the index through companies like Xero Ltd (ASX: XRO) and Telstra Group Ltd (ASX: TLS). These firms reflect innovation, digital transformation, and infrastructure evolution in Australia’s corporate environment.

Telecommunications stocks are typically sensitive to regulatory updates and infrastructure upgrades, while software-focused companies respond more to subscription metrics and technology adoption trends.

Healthcare Sector Presence

Healthcare is another core segment in the All Ordinaries, represented by entities such as Ramsay Health Care Ltd (ASX: RHC) and Sonic Healthcare Ltd (ASX: SHL). This sector’s performance is often guided by pharmaceutical contracts, clinical demand, and diagnostic innovation.

Shifts in public health policies and domestic spending on medical services can impact these stocks and influence their contribution to the index direction.

Tracking Broader Trends

For those aiming to follow overall trends in the Australian equity market, the ASX All Ordinaries Index serves as a valuable gauge. It offers visibility into shifts in market momentum across a wide spectrum of sectors and business models.

Rather than relying on narrower indices, the All Ordinaries gives a comprehensive snapshot of general market activity, often used by financial platforms and media for reporting daily changes on the ASX.

Accessibility and Index Monitoring

The performance of the ASX All Ordinaries Index can be tracked in real time through financial news portals and exchange reporting tools. To view more about the current state of this benchmark and its constituents, visit the official ASX All Ordinaries Index resource at: https://kalkinemedia.com/au/all-ordinaries.

This portal includes updated performance metrics, stock movements, and data summaries relevant to the index.

Ticker Mentions Summary:

  • BHP Group Ltd (ASX: BHP)

  • Commonwealth Bank of Australia (ASX: CBA)

  • Rio Tinto Ltd (ASX: RIO)

  • CSL Ltd (ASX: CSL)

  • Macquarie Group Ltd (ASX: MQG)

  • Woodside Energy Group Ltd (ASX: WDS)

  • Santos Ltd (ASX: STO)

  • Goodman Group (ASX: GMG)

  • Scentre Group (ASX: SCG)

  • Telstra Group Ltd (ASX: TLS)

  • Xero Ltd (ASX: XRO)

  • Ramsay Health Care Ltd (ASX: RHC)

  • Sonic Healthcare Ltd (ASX: SHL)

  • Westpac Banking Corporation (ASX: WBC)

Explore broader Australian market movement, sectoral representation, and stock tracking in detail via the Kalkine Media platform. Visit the full ASX All Ordinaries section today to stay updated: https://kalkinemedia.com/au/all-ordinaries.

About the Author

Kalkine is a Tech-Enabled Business, based on a Digitally Powered Architecture and Extensive Data Science led Research. Our analysis is supported by financial and other data using Kalkine’s Proprietary Technology.

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Author: Sarah Thomas

Sarah Thomas

Member since: May 05, 2025
Published articles: 26

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