The index’s increase was primarily driven by the listing of South32 during the month, which ranked third with its market capitalisation.
South32 closed May with a market cap of $A11.
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THE Deloitte WA Index increased by 11.9% last month, led by the listing of BHP Billiton spin-off South32 which strengthened the state’s position as a global leader in the resources sector despite depressed commodity prices impacting its coffers.
The index’s increase was primarily driven by the listing of South32 during the month, which ranked third with its market capitalisation.
South32 closed May with a market cap of $A11.
Deloitte highlights changes in state's biggest companies over two decades
South32 abandons coal development
WAK begins Wickepin construction
South32 offloads Karlawinda royalty
Capital Watch: TNG, Tao, and more
Buy, Sell, Hold: BHP, FMG and Genesis
Global Wrap: Glencore, Vale and more