Australian cleantech stocks continue to outperform ASX

Australian CleanTech Index again outperformed the ASX200 for both the month and the quarter, rising from 43.89 to 46.53 over the month of March recording a 6.0% gain. This compared to the ASX200 gain of 4.0% and the ASX Small Ordinaries Index gain of 4.4%. The Australian CleanTech 20 recorded a gain of 6.2%.

Over the third quarter of the 2016 fiscal year, the Australian CleanTech Index recorded a gain of 4.4%, well ahead of both the ASX200’s loss of 4.2% and the ASX Small Ordinaries’ 0.3% loss.

The six and twelve month figures also remain well ahead of the ASX200 but are slightly ahead of the ASX Small Ordinaries. Over the last 3 years, the Australian CleanTech Index recorded a gain of 35.9%, some 33.7% ahead of the ASX200.

The market capitalisation after its rebalance of the 64 stocks in the Australian CleanTech Index is A$20.8 billion.

Best and Worst Stocks

The best and worst performers in terms of share price performance over the month and the quarter are shown in the table below.

The month’s performance was driven by 12 companies with gains of more than 20%. The greatest percentage gains were recorded by GO Energy Group (GOE), Bluglass (BLG) and Traffic Technologies (TTI). These gains were partially offset by 7 companies recording losses of more than 10% led by Quantum Energy (QTM), Mission NewEnergy (MBT) and Algae.Tec (AEB).

The quarter’s performance was driven by 15 companies with gains of more than 20%. The greatest gains were recorded by Bluglass (BLG), Galaxy Resources (GXY) and Eden Energy (EDE). These gains were partially offset by 7 companies recording losses of more than 20% led by Enerji (ERJ), Pacific Environment (PEH) and Environmental Group (EGL).