South Island Index: A tale of two halves (5th Edition)Review of performance for the year to March 2009 |
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The fifth edition of the Deloitte South Island Index is a special annual review of the performance of South Island listed companies in the year from 1 April 2008 to 31 March 2009. Deloitte’s corporate finance team notes that consistent with the downturn in New Zealand and international equity markets, the Deloitte South Island Index has been on a declining path since the end of August 2008. Red downward arrows became the norm and volatility was the recurrent theme.
The year saw international markets break records across each and every sector, however, in the majority of cases the records were being broken for all the wrong reasons. The New Zealand economy, and the South Island Index, hasn’t escaped unscathed. However, along with the rest of Asia-Pacific, it held up far better than many developed economies.
The 'South island Index: A year in review' sets out the key movements of companies by market capitalisation, analyses the performance of eight industry sectors (including Technology, Financial Services, Biotechnology and Retail), benchmarks the South island against other indices and discusses the changes in price/earnings multiples across the year.
The Deloitte South Island Index tracks the performance of more than 30 listed companies with a registered office and/or a substantial portion of their operations in the South Island.
If you would like to speak with someone about the Deloitte South Island Index, please contact Paul Munro.
Related articles
Year of two halves for South Island companies
Press release
Speech notes: Hon Bill English
Address at launch of South Island Index: A year in review
Other media coverage
Paul Munro talks to Michael Wilson on ASB Business
TV3 - 30 April 2009
South Island Index is holding its own
NZ Herald - 30 April 2009
SI-based list companies shed $1 billion in value
Otago Daily Times - 30 April 2009
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South Island Index
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