Henderson Group (HDI)

Submitted by Craig Strzelecki on 20 October, 2007 - 14:56

Henderson Group (HDI) was the overall worst performing stock taking in a 20.19 percent decrease. It was a mixture of energy, securities management, asset management, steel and financial services who were among the worst performing stocks for the week 42 of 2007 on the Australian sharemarket: AGL Energy (AGK), Computershare (CPU), BlueScope Steel (BSL), Henderson Cdi (HGI), City Pacific (CIY). Financial services providers were the majority of the worst performing stocks for the past week.

AGL Energy, which is striving to be a world-class integrated energy company, with major investments in the supply of gas and electricity, as well as a substantial base of customers across Australia, was at the first place for the worst performing stock for the ASX 100 index seeing 16.5 percent fall or $2.58 and closing at $13.05. AGL Energy was followed by Computershare, a global leader in share registration, employee share plans, proxy solicitation and other specialised financial, governance and communication services, losing 73 cents (-7.54%) and closing at $8.95. BlueScope Steel, an integrated steelworks, steel rolling, metallic coating, coil prepainting, steel building products manufacturer, was at the third position seeing 7.14 percent fall or 81 cents and closing at $10.53. On the ASX 200 index, Henderson Cdi, a financial services group focused on asset management operations in Europe, Asia and the United States, took the ribbon for the worst performing stock losing $1.02, decreasing 20.19 percent and closing at $4.01. AGL Energy was at the second position and it was followed by City Pacific, one of Australia's largest non-bank loan providers which originates nearly $3 billion per annum in loans to fund residential property, property development, commercial property investment, plant & equipment and business finance, seeing 10.9 percent fall or 47 cents and closing at $3.84.

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