
Triple whammy: After floods, war and Covid, Queensland corporates suffer $2b haircut
More than $2 billion was wiped from Queensland’s listed companies during three months of geopolitical turmoil, Covid supply disruptions and a flood.
More than $2 billion was wiped from Queensland’s listed companies during three months of geopolitical turmoil, Covid supply disruptions and a flood.
The value of Queensland’s listed companies jumped 31 per cent last year, outpacing the All Ords and led by resource and energy stocks, according to Deloitte.
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A massive transfer of $3.6 billion in wealth was transferred from retail investors to institutions in the past year, according to consultancy Vesparum Capital.