The S&P/ASX 200 Index (ASX: XJO) enjoyed yet another day of gains on the markets on Tuesday, albeit with a dent at the end of the trading day. The ASX 200 ended up finishing at 7,527.9 points, up 0.19%.
This gain is just the latest chapter in what has been a very successful month for the index. Over the past month, the ASX 200 has now gained a healthy 6.95%. And although the index is still in the red for 2022 so far, its fall is only under 1%. That’s not a bad turnaround for an index that had shed almost 10% of its value by the end of January.
But now that the ASX 200 has staged such a robust recovery and is back above 7,500 points, many investors might be wondering how long we have to go until we are once again at a record high.
So how high has the ASX 200 Index ever been?
Well, the ASX 200’s current high watermark is 7,632.8 points. That’s the peak we saw back in mid-August last year. Prior to that date, the index had been on a tear, rising more than 15% between the start of 2021 and the record high. It was only in May 2021 that the index exceeded its previous, pre-COVID, all-time high too. But, as is obvious, the share market has more or less treaded water ever since.
Even so, the rally we have seen since early March would, no doubt, be encouraging for ASX investors. Now, there are only another 104.9 points, or 1.39%, of gains left before we’re once again at a record high for the ASX 200. Let’s see how long it takes to get there!