Tech stocks the winner of the 2025-26 financial year | The Business | ABC NEWS

By ABC News (Australia)

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The ASX 200 index managed just a 2.8 per cent gain for the 2026 financial year, its worst showing since 2022, and well below a long-term average of 5.7 per cent. It could be described as a stock-pickers nightmare. The miners were the clear standout last financial year though, up a whopping 47 per cent, while health care stocks plummeted 37 per cent. Stockbroking veteran Marcus Padley joins The Business to unpack the financial year that was on the stock market, and to give some clues as to what might be in store this financial year. He says Australians are good at investing in resources, because they're familiar with it. However, tech stocks were the real winners in the world in the last financial year. "You need to lift your eyes to the horizon and spot that the best theme in the whole world in the last year has been big tech," he says. "You could have made yourself 20 per cent out of the S&P 500 and the NASDAQ, and if you were in the semiconductor stocks, you've made yourself 157 per

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