western australia stock exchange index

Insights

Western Australia Index

Issue 145 | April 2015

Welcome to the 145th edition of the Deloitte WA Stock Exchange Index (Deloitte WA Index), a monthly review of Western Australian (WA) stocks and indices.

Highlights

  • The Deloitte WA Index increased by 1.7% during April to close at AU$131.0bn
  • The Index’s performance was boosted by stronger commodity prices which was a welcome relief after the poor performance experienced in recent months, and a small sign of recovery in the Western Australian market
  • The majority of commodities surveyed increased during the month, in particular crude oil rose to its highest price so far for 2015 to close at US$64.06 per barrel
  • Iron ore also rebound by 9.4% to close at US$58 per tonne, as BHP Limited announced a slowdown of the expansion of its export terminal in Port Hedland to 290 million tonnes a year, which is expected to ease the oversupply in the market, combined with positive developments from a Chinese demand perspective
  • Global equity markets performed well, with the exception of the All Ordinaries which fell, despite the rebound in commodity prices, as a result of concerns over the direction of the RBA’s official cash rate, and suggestions that Australia’s AAA credit rating is at risk unless the Federal Government can display a credible plan for returning the Budget to surplus
  •   The Movers & Shakers for the month of April are:

     o Aziana Limited, whose market capitalisation increased by AU$54m (277.9%) to AU$74m

     o Coal of Africa Limited, whose market capitalisation increased by AU$34m (75%) to finish the month at AU$78m

     o Buru Energy Limited, whose market capitalisation increased by AU$75m (68.7%) to close at AU$184m.


If you have any questions in relation to the Deloitte WA Index please contact Adrian Kelly.

Western Australian Stock Exchange Index

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