Two-speed sharemarket – Qld companies winning

A very interesting finding from Deloitte, reported by the Brisbane Times (Resources skew Queensland Growth):

On average last year Queensland’s 213 ASX listed companies increased their market capitalisation by 14.7 per cent.

By comparison the ASX All Ordinaries [which lists approximately 2200 companies] decreased by 15.2 per cent.

Financial analyst firm Deloitte released their annual findings this week and attributed the Queensland ASX performance to top five listed companies, QR National, New Hope Corporation Limited [independent coal company] and Campbell Brothers Limited [laboratory group with strong exposure to the resource boom].

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