Macaurthur Coal (MCC) Best Performing Stocks

Submitted by Craig Strzelecki on 13 October, 2007 - 15:56

Macarthur Coal (MCC) was the overall best performing stock taking in a 19.54 percent increase. Among the best performing companies for the past week (week 41 of 2007) on the Australian sharemarket were a mixture of chemical manufacturing, communication services, aviation, coal mining, metal and transportation: Incitec Pivot (IPL), Telstra Corporation (TLS), Qantas (QAN), Macarthur Coal (MCC), Mt. Gibson Iron (MGX), Cabcharge Australia (CAB). These best performing stocks for week 41 managed more than 5.48 percent gain by the end of the trading week.

Incitec Pivot, a chemical manufacturer supplying agricultural fertilisers and industrial chemicals for Australian and overseas markets, was the best performing stock securing the first place in the ASX 100 index seeing 8.11 percent rise or $6.71 and closing at $89.41. Telstra Corporation, the largest provider of both local and long distance telephone services, mobile services, dialup, wireless, DSL and cable internet access in Australia, was the next in the line adding 21 cents, increasing 7.34 percent and closing at $3.07. Telstra Corporation was followed by famous Qantas, which was voted the fifth best airline in the world in 2007 by research consultancy Skytrax, a drop from the second position it held in 2005 and 2006, adding 31 cents (+5.48%) and closing at $5.96. On the ASX 200 index, Macarthur Coal, an independent Queensland-based coal mining company with operations in Queensland’s Bowen Basin at our Coppabella, Moorvale and Middlemount mines, took the ribbon for the first place adding $1.21, increasing 19.54 percent and closing at $7.40. Macarthur Coal was followed by Mt. Gibson Iron, another mining company who leads the consolidation of the junior iron ore industry, with the successful takeover of Aztec Resources which has built a sustainable platform for future shareholder growth, closing at $2.45 (+$0.25, +11.36%). Cabcharge Australia, which has a vision to become the acknowledged global leader in the payment of taxi fares for the transport Industry across the world, secured the third place adding $1.11 (+11.16%) and closing at $11.05.