David Jones (DJS): Winner of the week

Submitted by Jim Thesiger on 5 July, 2009 - 03:23

David Jones (DJS), a company that operates departmental stores in Australia and provides diversified range of both local and international brands was the best performer in Australian Stock Exchange ASX100 adding 7.1 percent or 30 cents in its stock price closing the week at $4.48. It was a mixture of property investment, exploration and manufacturing companies in the list of the best performing companies in ASX100 and ASX200 for the week 27 of 2009: David Jones (DJS), Goodman Group (GMG), GPT Group (GPT), Avoca Resources (AVO), Pacific Brands (PBG). Goodman Group (GMG) a company that was previously known as Macquarie Goodman group which is involved in ownership, development and management of business and industrial spaces was the second best company in ASX100 with a gain of 6.5 percent or 3 cents closing at 41 cents. Next in the line was GPT Group (GPT), the largest diversified property trust of Australia which is involved in property investment with a gain of 6.3 percent or 3 cents closing the week at 51 cents. Two other top performers of this group were Harvey Norman Holdings (HVN) and Duet Group (DUE). Harvey Norman had a gain of 4.9 percent or 15 cents (closed at $3.19) and Duet Group added 4.5 percent or 7 cents in its stock price closing at $1.51.

Avoca Resources (AVO), Pacific Brands (PBG) and David Jones (DJS) were the top three performers in the ASX200 index. Avoca Resources, a mineral exploration and resource development company which mainly focuses on copper and gold was the best performer in this list that saw a rise of 15.8 percent or 25 cents in its share price closing the week at $1.80. Pacific Brands (PBG), a company that is involved in sourcing, manufacturing, marketing and distributing consumer products was placed second in the list adding 10.1 percent or 8 cents closing at 87 cents. David Jones was placed third in this list followed by Goodman Group and GPT group.

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