Cleantech stocks outperform ASX again in November

The Australian CleanTech Index gained 2.6 per cent in November 2016 and again outperformed the wider market, rising from 55.55 to 56.99 over the month. This compared to the ASX200 gain of 2.3 per cent and the ASX Small Ordinaries Index loss of 1.2 per cent.

The Australian CleanTech 20 rose by 2.9 per cent for the month. The CleanTech Index also continues to materially outperform the wider market over the last 6, 12 and 36 months. The 12-month performance leads the ASX200 by over 25 per cent.

The best performing sub-index for the month was the Australian Waste Index with a 9.3 per cent gain, led again by Sims Metal Management. The Australian Efficiency & Storage Index also had a
good performance recording a 4.0% gain for the month. The weakest sub-index through November was the Australian Renewable Energy Index recording a gain of only 0.03 per cent.

The market capitalisation of the 64 stocks in the Australian CleanTech Index is A$27.9 billion, recording another new high for the sector. The month’s performance included 8 companies with
gains of more than 10 per cent. The greatest percentage gains were recorded by AnaeCo (ANQ), Environmental Group (EGL) and Actinogen (ACW). The greatest market capitalisation gain was recorded by Sims Metal Management (SGM).

These gains were partially offset by 10 companies recording losses of more than 10 per cent led by Vmoto (VMT), Kalina Power (KPO) and RedFlow (RFX).

The greatest market capitalisation loss was recorded by Cleanaway Waste (CWY).