Western Australian Stock Exchange Index – Diggers & Dealers special edition |
Welcome to the 93rd edition of the Deloitte WA Stock Exchange Index (Deloitte WA Index). This month’s special edition coincides with the annual Diggers & Dealers conference and includes a review of performance of Western Australian listed mining companies, commodity prices and leading stock exchange indices over the last year.
Highlights
- the market capitalisation of Western Australian companies featured in the Deloitte WA Index closed at $118.6bn at the end of June 2009
- the 2009 financial year initially saw a significant fall in the market, with all key indices declining during the year. The Deloitte WA Index, which represents the market capitalisation of stocks in Western Australia, suffered a considerable decline, with a 38.5% fall over the period
- in the final months of the 2009 financial year, capital and commodity markets have experienced both a positive rebound and significantly less volatility which has served as a catalyst for the recent recovery in share prices
- Keith Jones interviews George Jones, Chairman of Gindalbie Metals Limited about the latest developments at Gindalbie’s cornerstone Karara Iron Ore Project in the Mid West region of Western Australia. They discuss the challenges the company has overcome in developing the Karara project to date and what the future holds for the Mid West region, Gindalbie and its Chairman
- special features on Chinese investment, infrastructure, the top three rebound companies, the top 10 movers and the top 20 mining & resources companies in Western Australia
- despite the decline in the overall market there were standout performances from companies which managed to significantly increase their market capitalisation. The ‘movers and shakers’ for the full year included:
- Capalpa Resources Limited with an increase in market capitalisation from AU$16m to AU$117m (621.9% increase)
- Extract Resources Ltd with an increase in market capitalisation from AU$272m to AU$1.5bn (446.3% increase)
- Red Fork Energy Ltd with an increase in market capitalisation from AU$53m to AU$133m (150.7% increase).
If you have any questions in relation to the Deloitte WA Index please contact Elizabeth Humphryson on (08) 9365 7031.
Issue 93: Western Australian Stock Exchange Index
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