Photo: SuppliedSouth Island-listed companies ended 2017 on a high, recording their strongest quarter of growth as their collective market capitalisation grew 9% to more than $22 billion. The capitalisation — the value of their shares on issue — looks at companies with a large exposure to operations and trading in the South Island. Of the 31 companies represented across seven sectors, their collective market capitalisation grew by 9%, or $1.87billion to hit $22.81billion, for the quarter to December. The Deloitte South Island Index now has a new "top five" rating, with five companies now with market capitalisations above $1billion each. Mr McClay said Silver Fern Farms’ strong quarter resulted in a 36.4% change in market capitalisation.

Source: Otago Daily Times February 18, 2018 15:56 UTC