ABC Learning (ABS): Worst Stock Performers for Week 27 of 2008

Submitted by Craig Strzelecki on 5 July, 2008 - 18:22

ABC Learning (ABS) was the overall worst performing stock taking in a 23.47 percent decrease. Among the worst performing stocks for the week 27 of 2008 of the Australian sharemarket were a mixture of education services, mineral export, energy, and mining and exploration: ABC Learning (ABS), Fortescue (FMG), Queensland Gas (QGC), Perilya (PEM). These worst performing stocks for the week 27 of 2008 recorded losses above 14.15 percent by the end of the trading week. Another bad performing stock this week which isn't in either ASX100 or ASX200 indices was Bravura Solutions (BVA) which lost 26 percent and closed the week at $1.035.

ABC Learning, which focuses on providing high quality, affordable care and education for families, was the worst performing stock for the ASX 100 index seeing 23.47 percent fall or 27 cents and closing at 88 cents. ABC Learning was followed by Fortescue, a well-positioned company to become the next Australian mineral export heavy-weight and which has a market capitalisation of around $26 billion, closing at $9.76 and losing $2.37 (-19.53%). Queensland Gas, a rapidly-evolving integrated energy business strategically positioned to meet rising demand for its abundant coal seam gas, cleaner power and ample water, came in the next in the line seeing 14.15 percent fall or 80 cents and closing at $4.85. On the ASX 200 index, ABC Learning was the worst performing stock for the past week and it was followed by Fortescue at the second position. Perilya, a leading Australian base metals mining and exploration company and is in the top 20 of global producers for zinc and the top 10 for lead production, was at the third position of the worst performing list for the ASX 200 index seeing 19.48 percent fall or 15 cents and closing at 62 cents by the end of the trading week.