Best Performing Stocks for the Week 25 of 2008

Submitted by Share Trading on 23 June, 2008 - 10:22

FKP Property was the overall best performing stock taking in a 41.24 percent increase. It was a mixture of investment and asset management, financial services, energy and metal, and property companies who were among the best performing stocks for the week 25 of 2008 of the Australian sharemarket: Babcock & Brown (BNB), Allco Finance (AFG), Sims Group (SGM), FKP Property (FKP), Babcock & Brown Capital (BCM). These best performing stocks managed gains above 12.57 percent by the end of the trading week.

Babcock & Brown, an international investment and specialised fund and asset management group with longstanding capabilities in the creation, syndication and management of asset and cash flow-based investments, was the best performing stock for the ASX 100 index seeing 22.28 percent increase, adding $1.17 and closing at $6.42. Allco Finance, a fully integrated global financial services business which has evolved significantly from its origins as a leveraged lease packager and underwriter, came in the second position adding 5 cents, increasing 15.15 percent and closing at 38 cents. Allco Finance was followed by Sims Group, an international group with many divisions mainly in to energy and metal industries, adding $4.58 (+12.57%) and closing at $41.00. On the ASX 200 index, FKP Property, one of Australia’s leading diversified property and investment groups having more than 30 years experience in the Australian property industry, was the best performing stock seeing 41.24 percent increase, adding $1.46 and closing at $5.00. FKP Property was followed by Babcock & Brown Capital, an investment company focusing on a concentrated portfolio with a flexible investment horizon, adding 75 cents, increasing 24.59 percent and closing at $3.80. Babcock & Brown secured the third position of the best performing stocks for the ASX 200 index.