Winning Stocks of the Week

Submitted by Jim Thesiger on 30 August, 2009 - 02:47

Transfield Services (TSE), a company that offers services in maintenance, operations, assets and project management sector was the best performer of the 35th week in ASX100 with a gain of 23.3 percent or 75 cents closing the week at $3.96. It was a mixture of Service, Property, Real Estate and Infrastructure companies in the in the ASX100 and ASX200 list: Transfield Services (TSE), ING Office Fund (IOF), Harvey Norman Holdings (HVN), FKP Property Group (FKP), ING Industrial Fund (IIF), Babcock & Brown Infrastructure Group (BBI). ING Office Fund (IOF), a company that invests in office buildings in Australia, United States and Europe was next in the ASX100 list adding 23.3 percent or 11 cents and was closed for the week at 56 cents. The thgird place was taken by Harvey Norman Holdings (HVN), an Australia-based integrated retail and property company that focuses on franchising and advertising services provision to its franchisees, homewares and electrical goods marketing and sales, leasing, consumer finance provision, and property investment. The company added 21.03 percent or 65 cents to its stock price and closed at $3.74.

In the ASX200 list, it was FKP Property Group (FKP), ING Industrial Fund (IIF) and Babcock & Brown Infrastructure Group (BBI), who took the first three positions for the week. Among them, FKP Property Group (FKP) which is engaged on resorts management, construction and investment, associated infrastructure and retirement villages' management with a market capitalisation of $888.23 million was in the top position with a gain of 47.1 percent or 25 cents and was closed for the week at 77 cents. FKP Property was followed by ING Industrial Fund (IIF), one of the prime investors in the real estate industry with a $532.9 million worth of market capitalisation. The company added 34.2 percent or 12 cents to its stock price closing the week at 47 cents. The third position was taken by Babcock & Brown Infrastructure Group (BBI), a company with a market capitalisation of $204.7 million that is involved in acquisition, management and operation of quality infrastructure assets across the globe. Babcock & Brown added 33.8 percent or 2 cents closing the week at 8 cents.

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