South32 dominates WA Index

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.

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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.