Adelaide Bank (ADB) Winner

Submitted by Share Trading on 7 August, 2007 - 15:56

Adelaide Bank (ADB) was the overall best performing stock taking in a 14.48 percent increase. Among the best performing stocks for the week 32 of 2007 on the Australian sharemarket were a mixture of support services, property development & investment, banking and mining: Brambles (BXB), Goodman Group (GMG), DB RREEF Trust (DRT), Adelaide Bank (ADB), Sino Gold (SGX). The best performing stocks for week 32 recorded gains above 5.78 percent 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, was the best performing stocks on the ASX 100 index, seeing 10.87 percent increase, adding $1.25 and closing at $12.75. Goodman Group, an integrated property group that owns, develops and manages industrial and business space globally and invests in business parks, office parks, industrial estates and warehouse and distribution centres came in the second position adding 38 cents, closing at $6.12 and increasing 6.62 percent. Goodman Group was followed by DB RREEF Trust, an Australian trust with investments in office, industrial and retail property which holds property investments in Australia, New Zealand, the United States and Europe, adding 11 cents (closing $$1.92, +5.78%). On the ASX 200 index, Adelaide Bank, a company with its head office in South Australia, providing financial services through a distribution network and through national alliances, secured the first place adding $2.05, increasing 14.48 percent and closing at $16.20. Sino Gold came next in the line seeing 12.28 percent rise, adding 70 cents and closing at $6.40. Sino Gold was followed by Brambles in the best performing stocks for the ASX 200 index.