Caltex Australia (CTX): Winner of the Week 26

Submitted by Jim Thesiger on Thu, 02/07/2009 - 01:53

Caltex Australia (CTX), a company that operates in convenience stores and also involved in refining, purchase, marketing and distribution of petroleum products was the best performer in ASX100 adding 12.35 percent or $1.4 in its stock price closing the week at $13.19. It was a mixture of Refining, Recycling, Exploration and Consultancy companies in the list of the best performing companies in ASX100 and ASX200 for the week 26 of 2009: Caltex Australia (CTX), Sims Metal Management (SGM), Paladin Energy (PDN), Energy World Corporation (EWC), SMS Management & Technology (SMX), Karoon Gas Australia (KAR). Sims Metal Management (SGM), which is an international metal recycling company engaged in two primary businesses: The Metal recycling and Sims Metal Recycling Solutions was the second best company in ASX100. The company gained 12.3 percent or $2.94 closing at $26.83. Next in the line was Paladin Energy, (PDN), a company that is mainly engaged in acquisition and development of uranium projects in Australia and Africa gaining 11.2 percent or 49 cents closing the week at $4.83.

Energy World Corporation (EWC), SMS Management & Technology (SMX) and Karoon Gas Australia (KAR) were the top three performers in the ASX200 index. Among them, Energy World Corporation (EWC), a company that operates in exploration and exploitation of Oil and Gas in Australia and Indonesia was the best performer that saw a rise of 18.6 percent or 11 cents in its share price closing the week at 70 cents. SMS Management & Technology (SMX), a management service company that provides technology, consulting and resourcing services for Government institutions was placed second in the list adding 18.1 percent or 60 cents closing the week at $3.90. The third place was taken by Karoon Gas Australia (KAR), a company that is engaged in exploration, identification and development of oil and gas reserves. Karoon gained 16.2 percent or $1.19 cents and was closed for the week at $8.52.

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