Why Is The All Ordinaries and ASX 200 In Points And Not Dollars($)?
Many stock market indices, like Australia’s All Ordinaries (XAO) and S&P/ASX 200, are expressed in points and not dollars ($).
What is the ASX 200?
The S&P/ASX 200 is an Australian stock market index, created and maintained by Standard & Poor’s (S&P). It tracks the value of the 200 largest public companies ranked by their market capitalisation, and adjusted for the shares that are actually available on the market.