The Best Performers of the Week 21

Submitted by Craig Strzelecki on 23 May, 2009 - 10:28

GPT Group (GPT) also known as General Property Trust, the largest diversified property trust in Australia was the best performer in the ASX100 index adding 19.5 percent or 8 cents in its stock price closing at 49 cents. It was a mixture of real estate, exploration and mining companies in the list of best performing stocks of the Australian Stock Exchange for the week 21 of 2009: GPT Group (GPT), ING Office Fund (IOF), CFS Retail Property Trust (CFX), Energy World Corporation (EWC), Gloucester Coal (GCL). ING Office Fund (IOF), another real estate investor that invests in office buildings in Australia, United States and Europe was second in ASX100 list with an increase of 18.1 percent or 7 cents closing the week at 46 cents. The third place was taken by CFS Retail Property Trust (CFX), a company that focuses on acquirement and development of quality shopping centers all over Australia with a gain of 14.9 percent or 22 cents and was closed for the week at $1.65.

Energy World Corporation (EWC), GPT Group (GPT) and Gloucester Coal (GCL) were the best three performers in ASX200 for the week. Energy World Corporation (EWC), an exploration company that is involved in exploration, exploitation and production of oil and gas mainly in Australia and Indonesia was the best performer in ASX200 for the week 21 with an increase of 21.2 percent or 10 cents in its share price closing the week at 57 cents. GPT group was next in the line followed by Gloucester Coal (GCL), a thermal coal production and Exploration Company with 2,400 shareholders was placed third in this list adding 18.6 percent or $1 closing at $6.98. Two other good performers of the ASX200 index were Sino Gold Mining (SGX) and ING Industrial Fund (IIF). Sino Gold gained 17.5 percent or 90 cents (closed at $6.03) in its stock price and ING Industrial saw a rise of 17.2 percent or 3 cents (closing at 17 cents).

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