South Island Index: 19th edition
A step in the right direction
Welcome to the 19th Edition of the Deloitte South Island Index. In this edition we reflect on the performance of South Island listed companies during the quarter to 30 September 2012.
All in all it was a successful quarter for the Deloitte South Island Index gaining $782 million or 16.9% in comparison to the 30 June 2012 position. Gains were made in the months of July and August, and the upward momentum continued into September.
Movements in Sept 2012
The month of September generated strong results with the Deloitte South Island Index increasing by 6.0%. Over the same period, the NZX 50 gained 4.6%, the Dow Jones 2.6% and the ASX All Ords 1.6%.
Quarterly movements – Q3 2012
The Deloitte South Island Index had a stellar quarter – gaining $782 million (16.9%) in market capitalisation since 30 June 2012. This result was supported by a strong quarter for the Property, Primary and Retail sectors, which gained $321 million, $129 million and $98 million in market capitalisation respectively.
Annual movements – Oct 2011 – Sept 2012
The Deloitte South Island Index increased by 18.6% during the year to 30 September 2012 – second only to the Dow Jones’ increase of 23.1%. In comparison, the NZX 50 grew by 18.5% and the ASX All Ords by 8.3%.
If you would like to speak to someone about the Deloitte South Island Index, please contact Paul Munro .