There are six large (with a market cap of over AUD50 billion) listed companies in Australia. The biggest four are banks, the fifth is BHP, one of the world’s largest mining companies. The sixth is the world’s most over-priced Telco, Telstra. The table below puts these companies into international perspective. They are small on a world scale, but behemoths in their domestic market.
The financial sector amounts to 44% of Australian stock market capitalization. The vast majority of the sector is comprised of banks and “diversified” banks. The remainder is insurance and real estate.
Continue Reading
By Mark Hansen, Australia, MarketCap: 13 April 2015
0 comments:
Post a Comment