Market Capitalization
	Market Capitalization									Average	Market Cap
	Millions, Australian $			Millions, 1998 US$						Company	Concentration
	Year End			Domestic			Domestic + Foreign			Size (Domestic)	% Share of
	Domestic	Domestic + Foreign		Year End	Average		Year End		Average	Millions, 1998 US$	Top 10 companies
	(8)	(9)		(10)	(11)		(12)		(13)	(14)=(10)/(1)	(15)=% of (9)
1975	15,873			41,245						31.27
1976	19,588			44,856	43,050					36.50
1977	18,176			36,968	40,912					31.20
1978	21,399			40,424	38,696					36.22
1979	35,230			60,945	50,685					60.28
1980	50,760			79,789	70,367					79.23
1981	48,213			69,129	74,459					70.40
1982	42,348			54,574	61,851					59.38
1983	60,493	66,693		70,792	62,683		78,047			78.31
1984	59,238	67,046		66,746	68,769		75,544		76,796	71.62
1985	88,355	103,679		93,126	79,936		109,277		92,411	92.75
1986	142,467	180,470		137,837	115,481		174,605		141,941	121.55
1987	146,714	190,985		130,813	134,325		170,285		172,445	91.93
1988	161,708	214,565		134,394	132,603		178,323		174,304	97.32
1989	177,817	229,625		137,380	135,887		177,406		177,864	109.20
1990	139,572	196,520		100,513	118,946		141,524		159,465	92.30
1991	190,659	261,271		133,088	116,801		182,378		161,951	139.07
1992	196,702	389,455		135,965	134,526		269,199		225,789	132.00
1993	301,235	477,247		204,446	170,205		323,904		296,552	192.15	24.62
1994	282,161	450,202		187,895	196,171		299,796		311,850	164.96	23.86
1995	329,647	546,442		209,858	198,877		347,873		323,834	186.21	24.25
1996	392,784	615,368		243,715	226,787		381,825		364,849	214.92	22.95
1997	453,941	776,856		280,841	262,278		480,620		431,222	244.42	23.62
1998	536,163	878,991		329,150	304,996		539,613		510,116	283.26	24.33
Note:	Figures for 1975-79 are for the 12 months ending June 30 of each year. Market capitalization for 1975-83
	does not include convertible notes, options or preference shares.
Copyright Meridian Securities Markets. All rights reserved.