Toll Holdings (TOL) Worst Stock Performers for Week 16 of 2008

Submitted by Craig Strzelecki on 19 April, 2008 - 17:22

Toll Holdings (TOL) was the overall worst performing stock taking in a 18.46 percent decrease. Among the worst performing stocks for the week 16 of 2008 of the Australian sharemarket were a mixture of logistics services, support services, retail shopping, and gold mining: Toll Holdings (TOL), Brambles (BXB), Centro Properties (CNP), Sino Gold (SGX). These worst performing stocks for the week 16 of 2008 recorded losses above 8.69 percent by the end of the trading week.

Toll Holdings, one of the Asian region's leading provider of integrated logistics services, generating annual consolidated revenue of $9 billion and operating an extensive network of over 700+ sites, was the worst performing stock for the ASX 100 index seeing 18.46 percent fall or $1.75 and closing at $7.73 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 next in the line losing $1.21, decreasing 11.85 percent and closing at $9.00. Brambles was followed by Centro Properties, a retail investment organisation specialising in the ownership, management and development of retail shopping centres, seeing 8.69 percent fall or 4 cents and closing at 42 cents. On the ASX 200 index, Toll Holdings was the worst performing stock followed by Sino Gold. Sino Gold, a Sydney-based company producing from the 5.3 million ounce Jinfeng gold resource in southern China and determined to increase company's gold production to optimal levels as quickly as possible, came in the second of the list seeing 12.30 percent fall or 80 cents and closing at $5.70. Sino Gold was followed by Brambles in the worst performing stocks for the ASX 200 index by the end of the trading week.

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