Australian cleantech stocks outperform main index in Q1

ACT Australian CleanTech Index just outperformed both the S&P ASX200 and the S&P ASX Small Ordinaries for the month of September 2013 and over the first quarter of FY14.

The ACT Australian CleanTech Index rose from 34.5 to 35.4 over the month of September recording a 2.7% gain. This compared to the S&P ASX200 gain of 1.6% and the S&P ASX Small Ordinaries Index gain of 0.8%. The Australian CleanTech 20 had a slightly better performance with a gain of 3.0%.

Over the first quarter of the 2014 fiscal year, the ACT Australian CleanTech Index also outperformed its benchmarks and recorded a healthy gain of 14.4%, ahead of the S&P ASX200’s gain of 8.7% and the S&P ASX Small Ordinaries’ 13.5% gain. The Australian CleanTech 20 underperformed the wider index over the quarter with a gain of 13.6%.

The market capitalisation of the 70 stocks in the ACT Australian CleanTech Index is A$9.3 billion, before its rebalance, falling from its peak of $16.3 billion in July 2007.

Best and Worst Stocks

The best and worst performers in terms of share price performance over the month, and the first quarter of the 2014 fiscal year are shown in the table below.

With 14 companies having gains of over 40% over the quarter, the Index has shown a robust performance across a wide variety of stocks.