Gold companies shining in WA despite Index fall
THE Deloitte WA Index fell during February as the market capitalisation of West Australian listed companies decreased by 1.1% and closed the month at $118 billion.
Deloitte's Tim Richards said the month yielded strong commodity results, with gold, iron ore and crude oil prices all moving in the right direction.
"Interestingly ... gold companies continue to shine among the WA Index as the gold safe haven strategy plays its part within investor portfolios," he said.
Since June 2015, we have observed the aggregate market capitalisation of these companies increase by 67.9%, with February alone providing gains of 29.2%."