Welcome to the 209th edition of the Deloitte WA Index, a monthly review of Western Australian stocks and indices.
The aggregate market capitalisation of Western Australian listed companies continued to pull back over the month of May – down 4.4% - to close at $318.0 billion. The decline was consistent with the continued downward pressure on the price of WA-reliant commodities such as iron ore and gold.
Most other global markets rallied towards the end of the month, to close broadly flat, having experienced sharp retractions early in May.
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The month of May saw continued declines across the broader commodity market, with only thermal coal, crude oil, lithium and platinum finishing higher. Conversely, tin, palladium and nickel were most affected, suffering low double-digit losses.
Performance of WA Index and global indices:
WA Index movement
Top 20 performers of the month
Western Australian top performers over the past month by growth in market capitalisation
The top Deloitte WA Index Movers and Shakers in May were: