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Australian CleanTech Index - July

The ACT Australian CleanTech Index surged in July at a pace beyond the broader market thanks to big rises from the likes of Geodynamics.
By · 2 Aug 2013
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2 Aug 2013
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The ACT Australian CleanTech Index rose strongly in July and outperformed the S&P ASX200 Index.

The Index rose from 31.0 to 33.2 over the month, representing a 7.2 per cent gain. This compared to the S&P ASX200 lift of 5.2 per cent and the S&P ASX Small Ordinaries Index gain of 9.8 per cent. The Australian CleanTech 20 recorded a slightly poorer result with a rise of 6.5 per cent.

The ACT Australian CleanTech Index has outperformed the S&P Small Ordinaries Index over the last three, six and twelve months and has also outperformed the S&P ASX200 over the last three months.

The best performing sub-indices for the month were the ACT Geothermal Index, with a gain of 51 per cent on good news from Geodynamics. Also performing well was the ACT Biofuels Index, with a rare 39 per cent gain, albeit off a very low base. The two weakest sub-indices through July were the ACT Water Index, which recorded a loss of 0.8 per cent, and the ACT Waste Index, recording a gain of 6.5 per cent driven by a good month from Sims Metal Management.

Graph for Australian CleanTech Index - July

The market capitalisation of the 70 stocks in the ACT Australian CleanTech Index is $9.2 billion falling from its peak of $16.3 billion in July 2007 but up from its low of $6.2 billion in July 2012.

The month’s performance was driven by 13 companies with gains of more than 30 per cent. The greatest gains were recorded by Medivac (100 per cent), Geodynamics (80 per cent) and Australian Renewable Fuels (75 per cent).

These gains were partially offset by eight companies recording losses of more than 10 per cent led by CMA Corporation (46 per cent), Electrometals (39 per cent) and Sterling Biofuels (30 per cent).

These best and worst performers are shown in the table below.

Graph for Australian CleanTech Index - July

The ACT Australian Cleantech Index is published each month on the Australian CleanTech website at www.auscleantech.com.au.

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John O'Brien
John O'Brien
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