2016 SYDNEY TOP COMPANIES REVEALED

2016 SYDNEY TOP COMPANIES REVEALED

CLICK HERE TO VIEW THE 2019 SYDNEY'S TOP LISTED COMPANIES LIST

SYDNEY'S top companies are among Australia's biggest companies, and their stories may be familiar to many.

However, the past year has been particularly challenging for many amid a tepid global economic recovery that is fragile at best, and uncertain at the very least, due to the recent US presidential election.

The striking feature of this inaugural Sydney Top Companies list, compiled by Business News Australia, is the weight of the combined market capitalisation of the 50 companies included.

The top 10 alone are worth a combined $400 billion, or more than a quarter of the total market capitalisation of companies listed on the Australian Securities Exchange.

Many are household names, part of daily life, while others fly under the radar despite establishing a deep global presence.

It's no surprise that two of the big four banks assume the top positions with a market value that is streets ahead of the pack.

Banks and financial services companies account for 13 of the top 50, while property-related companies account for 10.

Sydney is a big money and property city, and there's nothing new there.

But how have they fared in one of the most tumultuous years since the GFC, a year marked by geo-political issues, concerns over China's economic fortunes and now a protectionist President-elect in Donald Trump?

Some companies are likely to benefit from the new US administration, including shopping centre owner Westfield Corporation (ASX:WFD) through its American development pipeline, and James Hardie Industries (ASX:JHX) through a housing boom in key markets.

On the home front, the major banks have been under pressure to become more transparent. The annual parliamentary grilling of bank CEOs kicked off in 2016 with some degree of criticism regarding its superficial nature.

However, the spotlight remains on bank bosses to stem the scandals that have plagued the sector in recent years.

In terms of share gains over 2016 among this list, there is little joy with many awash with red ink.

However, the standouts were both miners with Whitehaven Coal (ASX:WHC) shares surging 200 per cent and Evolution Mining (ASX:EVN) jumping 60 per cent.

Aristocrat Leisure (ASX:ALL) followed closely behind with shares up more than 50 per cent.

All market capitalisations were calculated in late November, 2016.

 

 

 

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Employee resilience is key to business resilience
Partner Content
Employee mental health and wellbeing is top of mind for Australian businesses, and or...
Aon
Advertisement

Related Stories

Priceline owner rejects "opportunistic" Wesfarmers takeover bid

Priceline owner rejects "opportunistic" Wesfarmers takeover bid

The board of Australian Pharmaceutical Industries (ASX: API) has ...

Commonwealth raises COVID-19 Disaster Payment to JobKeeper levels

Commonwealth raises COVID-19 Disaster Payment to JobKeeper levels

The Federal Government's COVID-19 Disaster Payment will see e...

NSW bulks up business stimulus as lockdown extended by four weeks, retail radius imposed

NSW bulks up business stimulus as lockdown extended by four weeks, retail radius imposed

With New South Wales today recording 177 new cases of community t...

Why governments will have to consider the costs of long COVID when easing pandemic restrictions

Why governments will have to consider the costs of long COVID when easing pandemic restrictions

With governments worldwide under pressure to ease pandemic restrict...