Welcome to the 2022 Diggers & Dealers special edition of the Deloitte WA Index. This year the market capitalisation of Western Australian listed entities closed at A$299.6 billion, up 2% for the year. A raft of significant world events has brought about marked volatility during 2022, but the WA Index has fared exceptionally well, as the majority of global indices lost ground.
Traditional energy commodities were among the top price movers for the year while the thirst for lithium globally continued with a monumental jump of 592% as the hunger for EV batteries remains insatiable.
Also for the first time in a decade, the spotlight shines bright on Woodside Energy Group, regaining the top spot as WA’s largest listed company. Completing the acquisition of BHP’s petroleum assets added approximately $27 billion of value to its market capitalisation.
Deloitte WA Index High Growth Award Winners
This year’s winners have all ridden the commodity price wave well, delivering significant market capitalisation growth during the year. Congratulations to all.
The top three movers in the WA index Top 20 in terms of market capitalisation for the year ended 30 June 2022 - AVZ minerals Limited, Woodside Energy Group Limited and Pilbara Minerals Limited.
The three largest movers of the WA Index top 100 in terms of market capitalisation growth for the year ended 30 June 2022: Norwest Energy NL, Global Lithium Resources and Galileo Mining Limited.
In this special edition, Deloitte Access Economics shares thoughts on key policy areas to monitor under a new government.