Macquarie Office Trust (MOF): Losers of the Week

Submitted by Jim Thesiger on 5 July, 2009 - 03:29

Macquarie Office Trust (MOF), a major office properties owner of Australia which is engaged in property investment in Australia, USA and Europe was the worst performer in the Australian Stock Exchange ASX100 index with a loss of 17.3 percent or 4 cents in its stock price and was closed for the week at 19 cents. It was a mixture of Properties, Construction and Exploration Companies in the list of the worst performers for the 27th week of 2009: Macquarie Office Trust (MOF), Aquarius Platinum (AQP), Macquarie Infrastructure Group (MIG), Roc Oil Company (ROC), Carnarvon Petroleum (CVN). Aquarius Platinum (AQP), a company that is involved in exploration, development and acquisition of platinum group metals was next in the line with a loss of 13.7 percent or 67 cents closing the week at $4.20. The third worst performer of the list was Macquarie Infrastructure Group (MIG), which focuses on the toll road construction and operation business. The company lost 8.3 percent or 12 cents in its stock price closing the week at $1.31.

Roc Oil Company (ROC), Carnarvon Petroleum (CVN) and Macquarie Office (MOF) were the worst three performers in the ASX200. Roc Oil Company (ROC), a leading explorer and producer of oil and gas was the worst performer in the ASX200 index with a loss of 19.4 percent or 18 cents in its stock price closing the week at 73 cents. Next in the list was Carnarvon Petroleum (CVN), a company that is engaged in exploration, development and production of oil and gas in Australia with a loss of 18.7 percent or 16 cents and was closed for the week at 70 cents. The third position was taken by Macquarie Office Trust (MOF). Another worst performer of the ASX200 index was Energy World Corporation (EWC) which saw a fall of 14.2 percent or 10 cents to its share price and was closed for the week at 60 cents.

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