Australian Cleantech Sector Records Another Poor Month

Nov 2 2009 | 9:17am ET

The ACT Australian CleanTech Index fell from 74.6 to 70.1 over the month of October, a 6.0% loss.

The index underperformed both its benchmarks: the S&P ASX200, which lost 3.8% over the same period and the S&P ASX Small Ordinaries Index, which lost 3.3%.

The market capitalization of the 77 stocks in the ACT Australian CleanTech Index is A$10.5 billion ($9.5 billion) falling from its peak of $16.3 billion ($14.7 billion) in July 2007.

The month’s performance was the result of poor performances by Quantum Energy, the Crane Group (profit-warning), Ceramic Fuel Cells (profit-taking), Willmott Forests, Stericorp and, most significantly, a 9% drop in the price of Sims Metal Management following a first quarter profit result that was 77% down on the previous corresponding period.

The results were partially offset by strong results from EnviroMission, Transfield Services Infrastructure Fund, Tox-Free Solutions, Pro-Pak Packaging, CBD Energy, the CO2 Group and BioProspect.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR