Arrow Energy (AOE) Winner

Submitted by Craig Strzelecki on 4 August, 2007 - 15:56

Arrow Energy (AOE) was the overall best performing stock taking in a 10.11 percent increase. Among the best performing companies for the past week (week 31 of 2007) on the Australian sharemarket were a mixture of project development, support services, energy and metal: Arrow Energy (AOE), Leighton Holdings (LEI), Brambles (BXB), Macquarie Airports (MAP). All the above best performing stocks for week 31 managed more than 2.85 percent gain by the end of the trading week.

Leighton Holdings, the company offers a broad range of project development and contracting services and skills to public and private sector clients from a wide range of industries, was the best performing stock securing the first place in the ASX 100 index seeing 8.4 percent rise or $3.10 and closing at $40.00 by the end of the trading week. Brambles, a leading global provider of support services, operating in over 45 countries and employing over 12,000 people, came in the second position adding 80 cents, closing at $11.50 and increasing 7.47%. Brambles was followed by Macquarie Airports (MAP), one of the world’s largest private airport owners having a market capitalisation of approximately A$6 billion and over 35,000 investors, including some of the world’s largest pension funds, adding 12 cents, closing at $4.32 and increasing 2.85%. On the ASX 200 index, Arrow Energy, one of Australia’s leading producers of coal seam gas with significant assets throughout eastern Australia and Asia, secured the first place adding 27 cents, increasing 10.11% and closing at $2.94 at the end of the trading week. Leighton Holdings came next in the line followed by Brambles. WA Newspapers (WAN) was at the fourth position for the ASX 100 index closing at $13.83 (+$0.33, +2.44%) and Mt Gibson Iron (MGX) secured the fourth place for the ASX 200 index seeing 6.59% increase or 10 cents, closing at $1.54.