Worst Stock Performers for Week 25 of 2008

Submitted by Share Trading on 23 June, 2008 - 11:19

St. Barbara was the overall worst performing stock taking in a 31.25 percent decrease. Among the worst performing stocks for the week 23 of 2008 of the Australian sharemarket were a mixture of education services, toll road development and management, aviation, metal and mining, property funds management: Transurban Group (TCL), ABC Learning (ABS), Macquarie Airports (MAP), St. Barbara (SBM), APN/UKA European Retail Property (AEZ). These worst performing stocks for week 25 of 2008 recorded losses above 15.38 percent by the end of the trading week.

Transurban Group, an international toll road developer and manager with assets in Australia and North America, was the worst performing stock for the ASX 100 index seeing 17.5 percent fall or losing 98 cents and closing at $4.62. Transurban Group was followed by ABC Learning, which focuses on providing high quality, affordable care and education for families, closing at 73 cents and losing 15 cents (-17.04%). Macquarie Airports, one of the world’s largest private airport owners having a market capitalisation of approximately A$6 billion and over 35,000 investors, including some of the world’s largest pension funds, came in the third position for the worst performing list for the ASX 100 index seeing 15.38 percent fall or 40 cents and closing at $2.20. On the ASX 200 index, St. Barbara, an Australian based gold producer and mineral explorer focusing on gold, nickel and copper within Australia, was the worst performing stock seeing 31.25 percent fall or 18 cents and closing at 39 cents. APN/UKA European Retail Property, a specialist international property funds manager that was established in 1998 having numerous differentiated property funds for a range of clients and advisers in the wholesale, institutional, investment platform and retail markets, came in the second position closing at 26 cents and losing 10 cents (-26.76%). APN/UKA European Retail Property was followed by Transurban Group.