The market capitalisation of listed WA companies rose by two per cent to $128 billion in February, according to the Deloitte WA Index.
The full text of a Deloitte announcement is pasted below
In February, the Deloitte WA Index of listed WA companies increased in total market capitalisation by 2 per cent or $2.42 billion to $128 billion, despite the market correction which occurred.
Deloitte Perth Office Managing Partner Keith Jones said resources companies continued to lead the way in February.
"Despite market set backs, the Deloitte WA Index experienced sustained growth, with notable increases experienced by WA resources companies," Mr Jones said.
Deloitte WA Index Movers and Shakers for February include Linq Resources Ltd increasing its market capitalisation by 88 per cent ($125 million), Imdex Ltd up 33 per cent ($42.4 million), Tutt Bryant Group Ltd up 30.2 per cent ($43 million) and Aquila Resources up 30 per cent ($177 million).
"In February, commodity market prices rose across the board, with uranium prices leading the way with an 18% rise," Mr Jones said.
In February, precious and base metals prices increased by an average of 6.5 per cent. Key gains were made in the prices of Uranium (up 18 per cent), Nickel (13 per cent), Lead (9 per cent), Tin (9 per cent) and Oil (6 per cent).
"The only price decline was Zinc, down slightly by 0.6 per cent," Mr Jones said.
For the month of February, the Deloitte WA Index was up by 1.9 per cent, the Nikkei up 1.27 per cent, and the All Ordinaries up 1.02 per cent. Meanwhile, the FTSE and the US S&P 500 decreased by 1.16 per cent and 2.08 per cent respectively.
Over the last 12 months the Deloitte WA Index increased by 42.6 per cent. In comparison, other indices increases over the last 12 month were All Ordinaries up 19.23 per cent, US S&P 500 and the FTSE up 8 per cent and the Nikkei up 5 per cent.
