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TeachMeFinance.com All Ordinaries Index -- Index based on share prices weighted by proportion of market capitalization for the 500 biggest firms in Australia numbered on the Australian Stock Exchange (ASX). The index was created by ASX at 500 points in January 1980. It does not take into account liquidity concerns except in the case of foreign entities. At the end of August 2000, the index covered 99% of the Australian market. In 2000, the S&P/ASX 100 Index replaced the All Ordinaries Index as the foremost market indicator. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.