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Clean stocks fly the blocks

Led by 5 per cent gains from Sims Metal, Transpacific and Mighty River Power, Australia's CleanTech Index started the new financial year in style, despite a solar slip.
By · 4 Aug 2014
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4 Aug 2014
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The Australian CleanTech Index rose strongly in July 2014 and outperformed both the Small Ordinaries and the ASX200.

The Australian CleanTech Index rose from 37.0 to 38.9 over the month of July recording a 5 per cent gain. This compared to the S&P ASX200 gain of 4.4 per cent and the S&P ASX Small Ordinaries Index gain of 4.8 per cent. The Australian CleanTech 20 recorded the same 5 per cent gain. 

The best performing sub-indices for the month were the ACT Waste Index with a gain of 13 per cent and the ACT Efficiency Index with a 9.6 per cent gain. 

The two weakest sub-indices through July were the ACT Solar Index which recorded a loss of 26.7 per cent and the ACT Water Index recording a gain of only 2.8 per cent.

Graph for Clean stocks fly the blocks

The market capitalisation of the 65 stocks in the Australian CleanTech Index is $15.3 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 12 companies with gains of more than 15 per cent. The greatest percentage gains were recorded by K2 Energy Limited (KTE), Quantum Energy (QTM) and Actinogen (ACW). These gains were partially offset by five companies recording losses of more than 10 per cent led by Sylex Systems (SLX) following the demise of its uranium enrichment development activities, SWW Energy Limited (SWW) and Soil Sub Technologies(SOI). 

The greatest gains in market capitalisation over the month were recorded by Sims Metal Management (SGM), Mighty River Power (MYT) and Transpacific Industries (TPI). 

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

Graph for Clean stocks fly the blocks

Graph for Clean stocks fly the blocks

The Australian CleanTech Index is published each month on the Australian CleanTech website at www.auscleantech.com.au, in the Ethical Investor magazine, WME’s Environmental Management News, the Clean Energy Council website, the SIM Venture Securities Exchange website and the London-based Cleantech Investor. 

Monthly performance reports can be emailed directly by signing up to the distribution list at http://www.auscleantech.com.au/Pages/cleantech.html 

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John O'Brien
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