The Worst Performers of the Week

Submitted by Jim Thesiger on 1 August, 2009 - 20:05

Paladin Energy, (PDN), a company that focuses in acquisition and development of uranium projects in Australia and Africa was the worst performer in the ASX100 index for the week losing 8.4 percent or 42 cents in its stock price and was closed for the week at $4.56. It was a mixture of Resource, Infrastructure, Gaming, and Investment companies in the list of the worst performing stocks for the 31st week: Paladin Energy (PDN), Macquarie Infrastructure Group (MIG), Aristocrat Leisure (ALL), Eircom Holding (ERC). Macquarie Infrastructure Group (MIG), which is engaged in the toll road construction and operation business was next in the line with a loss of 7.9 percent or 13 cents closing the week at $1.45. The third worst performer of the ASX100 list was Aristocrat Leisure (ALL), a gaming company that develops gaming machines, software systems and related equipment with operations in Americas, Asia Pacific and Europe with a fall of 5.4 percent or 25 cents closing at $4.30. Another company of this list was Australian Worldwide Exploration (AWE). The oil and gas explorer and producer was placed fourth in this list losing 3.6 percent or 10 cents and was for the week at $2.67.

In the ASX200 index, Paladin Energy (PDN), Macquarie Infrastructure Group (MIG) and Eircom Holding (ERC) were the three worst performers for this week. Among them, Paladin Energy and Macquarie Infrastructure Group were placed in first and second position consecutively while Eircom Holdings (ERC), an investment company (formerly known as Babcock & Brown Capital) with investments including restructuring, consolidation, break-up, expansion capital and recapitalisation was placed third. Eircom saw a fall of 7.7 percent or 10 cents in its stock price and was closed for the week at $1.13. The fourth and fifth place of the ASX200 worst performers index was consecutively taken by Aristocrat Leisure and Macquarie Media Group (MMG) with Macquarie Media losing 5.4 percent or 9 cents closing at $1.56. On the other hand, property fund manager Trinity Limited was the worst performer for the week which was down 16 percent following an offload of a Gold Coast shopping centre.