Welcome to this special edition of the Deloitte WA Index. This year the market capitalisation of Western Australian listed entities closed at $202.1 billion, a remarkable result given COVID-19 disruption saw the WA Index at $151.3 billion only three months prior.
20-year Anniversary Special Edition
A lot happens in 20 years. In both a global context and specifically for our local market, there have been many defining moments that have led us to where we are today.
The WA Index has outperformed broader indices significantly over the last 20 years, and the size and scale of the companies that call Western Australia home are at an all-time high.
This special report looks back on the events and milestones shaping our markets over the past two decades, allowing WA Index participants and investors alike take a moment to reflect on the sustained period of performance for Western Australian companies.
Top Movers and Shakers
As is custom for our annual edition of the WA Index we recognise the top three movers in the WA Index top 20, in terms of market capitalisation growth, for the year ended 30 June 2020 – De Grey Mining Limited, Ramelius Resources Limited, and Perseus Mining Limited.
We also recognise the largest three movers of the WA Index top 100, in terms of market capitalisation growth, for the year ended 30 June 2020 Musgrave Minerals Limited, Chalice Gold Mines Limited, and Rox Resources Limited.
In this 20-year special edition, we specifically call out the achievements of three WA Index stalwarts, those WA-based companies that held a top 10 ranking in the WA Index at 30 June 2000 and maintain that position at 30 June 2020. These are Wesfarmers Limited, Woodside Petroleum Limited, and Iluka Resources Limited.
Congratulations to all winners on these wonderful achievements.
In this special report we shine the spotlight on this WA Index stalwart reflecting on milestones and achievements that has led ‘The Farmer’s Company’ to maintain such an envious position in the Index over the last 20 years.
Share market falls of this scale are seldom seen. Having revisited data for the WA Index over the past 20 years, the most comparable period, albeit on a larger scale, was the Global Financial Crisis (GFC) in 2008. This special edition includes a comparison between the recent COVID-19 market correction and that of the GFC.
If you don’t currently receive our WA Index, you can register to be added to our distribution list.
If you have any questions in relation to the Deloitte WA Index please contact Dave Andrews.
View past year issues of the Deloitte WA Index Diggers and Dealers Special Edition: