Dexus Property Group (DXS): Loser for the Week 23 of 2009

Submitted by Craig Strzelecki on 6 June, 2009 - 08:46

Dexus Property Group (DXS), a major property Company in Australia that operates at more than 260 properties worth of A$15 Billion was the worst performer in the ASX100 which lost 7.9 percent or 6 cents in its stock price and was closed at 70 cents. There was a mixture of Property, Agricultural Product, Energy Utilities and Exploration companies in the list of worst performing stocks for the 23rd week of the year 2009: Dexus Property Group (DXS), Nufarm (NUF), Duet Group (DUE), Aquarius Platinum (AQP), RW Holdings. Nufarm, a major manufacturer and supplier of agricultural chemicals that was listed on the Australian Stock Exchange in 1988 was the second worst performer in the ASX100 list with a loss of 5.7 percent or 70 cents. Duet Group, an investor in energy utility assets mainly in Australia and New Zealand was placed third in the list seeing a fall of 5.6 percent losing 10 cents at the closing of the week. ConnectEast Group (CEU) and Sonic Healthcare (SHL) were also in the list with 4.6 percent and 4.3 percent loss respectively.

RW Holdings was the worst performer in ASX200 that lost 9.8 percent or 9 cents in its stock price followed by Dexus Property and Aquarius Platinum (AQP). Among them Dexus Property was the second worst performer of the list which had a loss of 7.9 percent losing 6 cents. Aquarius Platinum, which focuses on exploration, development and acquisition of Platinum saw a fall of 36 cents (-5.9%) closing the week at $5.65. Eastern Star Gas (ESG), Nufarm (NUF) and Duet Group (DUE) was also in the ASX200 list of worst performing stocks with Easter Star losing 5.8 percent (closing at 80 cents), Nufarm having a loss of 5.7 percent (closing at $11.55) and Duet Group losing 5.6 percent (closing at 1.66).

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