AED Oil: Best Performing Stocks for the Week 16 of 2008

Submitted by Craig Strzelecki on 17 May, 2008 - 18:22

AED Oil was the overall best performing stock taking in a 17.54 percent increase. It was a mixture of learning services, financial services, property investments, and oil companies who were the best performing stocks for the week 20 of 2008 of the Australian sharemarket: ABC Learning (ABS), St. George Bank (SGB), Valad Property (VPG), AED Oil (AED). These best performing stocks managed gains above 20.33 percent by the end of the trading week.

ABC Learning, which focuses on providing high quality, affordable care and education for families, was the best performing stock for the ASX 100 index seeing 25.72 percent increase, adding 31 cents and closing at $1.52. St. George Bank, where its national operations span all aspects of the financial industry including retail banking, institutional & business banking, and wealth management, came in the second position adding $6.63, increasing 24.87 percent and closing at $33.28. St. George Bank was followed by Valad Property, a value adding property group that encompasses funds management, investment, development and property investment banking, securing the third position adding 19 cents, increasing 20.33 percent and closing at $1.10. On the ASX 200 index, AED Oil, which was established for the purpose of acquiring, developing and commercialising specified oil fields and undertaking oil exploration, with a primary focus on prospects located either in Australia or within Australian territorial waters, was the best performing stock adding 62 cents, increasing 27.31 percent and closing at $2.89. AED Oil was followed by ABC Learning securing the second position. St. George Bank was at the third position for the best performing stocks for the ASX 200 index.