Winning Stocks for the Week 50 of 2007

Submitted by Share Trading on 15 December, 2007 - 15:47

Orica was the overall winning stock for the week taking in a 11.2 percent increase in its share price. It was a mixture of metal commercial explosives, mining, travel and media companies who were among the best performing stocks for the week 50 of 2007 on the Australian sharemarket: Orica (ORI), Fortescue (FMG), Consolidated Media (CMJ), Flight Centre (FLT). These best performing stocks for week 50 recorded gains above 10 percent by the end of the trading week.

Orica, one of the leading publicly-owned companies and one of the few truly global Australian-based companies, with operations in around 50 countries and customers above hundred, took the ribbon for the best performing stock for the ASX 100 index seeing 11.2 percent increase, adding $3.23 and closing at $31.98. Fortescue, high growing metal and mineral export company came in the second position adding $5.75, increasing 10.1 percent and closing at $62.50. Consolidated Media, one of Australia's largest companies, with interests primarily in media while owning PBL Media, which in turn owns ACP Magazines Limited and Nine Network, secured the third place by adding 41 cents (+9.7%) and closing at $4.63. On the ASX 200 index, Orica secured the first place followed by Fortescue. Flight Centre, which sells of international and domestic travel, secured third position of the best performing stock list seeing 10 percent increment, adding $2.86 and closing at $31.20. Consolidated Media was at the forth position followed by Boom Logistics (BOL), a leading national based crane lifting solutions company adding 15 cents, increasing 7.8% and closing at $2.00. Incitec Pivot (IPL), a chemical manufacturer supplying agricultural fertilisers and industrial chemicals for Australian and overseas markets was at the next position closing at $108.50 adding $6.51 (+6.3%).