Australia's stock market just recorded its best to start to a financial year since 1999

17 Jun 1999: Gary Kirsten of South Africa is bowled by Shane Warne of Australia in the World Cup semi-final at Edgbaston in Birmingham, England. The match finished a tie as Australia went through after finishing higher in the Super Six table. MandatoryCredit: Clive Mason /Allsport

Australian stocks have enjoyed a great start to the new financial year. The benchmark ASX 200 rose 1.04% on the back of gains in the financial and energy sectors.

On closer examination, not only was it a hefty gain, but the largest to start a financial year since June 1999.

That year the index enjoyed a gain of 7.91%. Given uncertainties facing stocks at present, many investors would take that for the year ahead.

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