The ASX just closed the 2017/18 financial year with an 8.3% annual gain

(Cameron Spencer / Getty Images)

The ASX200 edged lower on the last day of the 2017/18 financial year, falling by 20.8 points or 0.33% to close at 6,194.60.

It capped an annual gain of 8.3% from the closing level 12 months ago of 5,721.50.

The bulk of those gains were achieved in the final three months of the financial year after the index under-performed its developed market peers in the second half of 2017.

It traded flat to start 2018 and began April at 5,759.40, just 0.7% above the previous year’s close.

Commsec attributed the rally over the last quarter of the year to weakness in the Australian dollar, which lifted the appeal of local stocks.

The best performing stock in 2017/18 was a2 Milk, which posted an annual gain of 179.79%. Telstra was the worst performer, finishing 38.44% lower followed by AMP, which slumped by 31.41%.

Here’s a timeline of the key moves over the last 12 months, via Commsec:

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