Media update, page-20

Waste sector drives index to new high

By Inside Waste, Tuesday 06 June 2017

The Australian CleanTech Index rose 2.6% in May, led by gains in the Australian Waste Index.

Source: Australian CleanTech Index.
Rising from 56.90 to 58.39 in May, the Australian CleanTech Index has outperformed the ASX200 by 6%. The latter recorded a loss of 3.4% while the ASX Small Ordinaries Index reported a loss of 2.1%. The Australian CleanTech rose by 3.2% for the mombh.
The best performing sub-index for the month was the Australian Waste Index with a 6.3% gain led by an 8.4% gain in Sims Metal Management.
Meanwhile, the worst performing sub-index was the Australian Efficiency & Storage Index that recorded a 1.7% loss in May, led by significant falls from Beacon Lighting Corp and Nanosonics.
The market capitalisation of the 62 stocks in the Australian CleanTech Index is $32.3 billion, setting another new high for the sector.
The month's performance included 11 companies with gains of more than 5%. The greatest percentage gains were recorded by Phoslock Water Solutions, Orocobre, and Emefcy Group (EMC). The greatest market capitalisation gain was recorded by Meridian Energy.
These gains were partially offset by another 11 companies recording losses of more than 20% led by Protean Wave Energy, Sterling Biofuels, and Australian Vanadium. The greatest market capitalisation loss was recorded by Nanosonics.
The CleanTech Index continues to outperform the wider market over the last three, 12 and 36 months. The three-year performance leads the ASX200 by more than 50%.
- See more at: http://www.insidewaste.com.au/site/news/1051690/waste-sector-drives-index#sthash.gcMiSFJV.dpuf