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Issue 195 | November 2020
Welcome to the 195th edition of the Deloitte WA Index, a monthly review of Western Australian stocks and indices.
- Download WA's Top 100 listed companies
- Performance of WA Index and global indices
- Top performers of the month
- Contact us
- Follow us on Twitter
The Deloitte WA Index provided some much-needed good news for investors, growing 2.5% in October, a whisker stronger than the All Ordinaries which gained 2.1% and bucking the trend of international counterparts which all lost ground.
Download the list of WA’s top 100 listed companies, as of 31 October 2020, and explore our analysis of the market’s movements over the past month below. If you’d like to see more of WA Index, please register to be added to our distribution list.
If you have any questions in relation to the Deloitte WA Index please contact Dave Andrews.
Performance of WA Index and global indices
WA Index movement
Top performers of the month
Western Australian top performers over the past month by growth in market capitalisation
- Lynas Corporation Limited saw its market capitalisation climb 22% during October, returning to normal production levels following COVID-19 imposed shutdown of its Malaysian processing plant during the June quarter.
- Westgold Resources Limited grew on the back of its quarterly results, which showed strong net cash flow generation, as well as favourable investor portfolio rebalancing having entered the ASX 200 in September.
- Bellevue Gold Limited reached an all-time high since its listing in 2018. Its quarterly activities report flagging outstanding resource extension drilling results and the possibility of resource upgrades for the December quarter.
The top Deloitte WA Index Movers and Shakers in November were:
- Australian Strategic Materials Limited, a producer of specialty metals and oxides, saw a 49% jump in market capitalisation through October. This was on the back of news that it had successfully produced high purity zirconium at its commercial pilot plant in South Korea.
- Talga Resources Limited saw its market capitalisation rise 44% after announcing it had boosted the production capacity for its silicon anode lithium-ion battery product, responding to increased interest from European and American automotive and battery manufacturers.
- Seven West Media Limited grew its market capitalisation by 50% last month, increasing to $254 million. The Seven Network recently secured the rights to broadcast the 2022 Beijing Winter Olympics.