The market capitalisation of Western Australian listed companies which comprise the Deloitte WA Index increased by 2.5 per cent to close at $152 billion for the month of August. In a month when other major indices of the world weakened, the WA market bucked the trend, supported by strength in global commodity prices. For August, the Index rose by 3.6 billion, continuing the strong growth of the last month of the financial year. "This really is a remarkable performance in light of the lack of investor confidence that is plaguing the bank and financial markets," commented Keith Jones, managing partner of Deloitte WA. The Deloitte WA Index has sustained growth for the month of August, led predominantly by miners such as Fortescue Metals Group and Andean Resources, with increases in market capitalisation of $1.1 billion and $998 million respectively.
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