Best Performer of the 30th Week: Emeco Holdings

Submitted by Share Trading on 25 July, 2009 - 09:13

Emeco Holdings (EHL), a company that mainly focuses on sales, leasing and parts and maintenance services for heavy earth moving equipments was the best performer in the Australian stock exchange for the 30th week. The company saw a rise of 29.6 percent in its share price and was closed for the week at 46 cents. It was a mixture of Resource, Exploration, Utilities and Road development companies in the list of the best performing companies in the Australian Stock Exchange for the 30th week of 2009: Emeco Holdings (EHL), Mount Gibson Iron (MGX), ConnectEast Group (CEU). Mount Gibson Iron (MGX), a company that operates in the iron exploration and production business with key projects like My Gibson, Tallering Peak and the Koolanooka hematite deposits, which is located in the Midwest region of WA was the second best company in the line. The company gained of 24.9 percent closing at $1.13. Next in the line was ConnectEast Group (CEU), a company that won the tender of EastLink project, which is the largest road development project in Australia, with maximum contract duration that is up to 39 years with a gain of 23.9 percent closing the week at 42 cents. Fourth and fifth place of the list was taken by OZ Minerals (OZL) and Mincor Resources NL (MCR). OZ Minerals added 21.7 percent in its stock price for the week while Mincor gained 20.1 percent closing the week at $1.15 and $1.94 consecutively. MEO Australia, a company that is engaged in oil and gas production was the best performer for the week with 62 percent up to its stock price. The gain was motivated by a positive market update.