Winning Stocks of the 2nd Week

Submitted by Jim Thesiger on Mon, 18/01/2010 - 07:16

Caltex Australia (CTX), a company that concentrates on convenience stores and also involved in refining, purchase, marketing and distribution of petroleum products was the best performer of the 2nd week in ASX100 with a gain of 6.9 percent or 64 cents closing the week at $9.86. It was a mixture of resource, financial services, exploration and healthcare companies in the ASX100 and ASX200 list: Caltex Australia (CTX), Fortescue Metals Group (FMG), Macquarie Group (MQG), Platinum Australia (PLA), Atlas Iron (AGO), Ramsay Health Care (RHC). Fortescue Metals Group (FMG), an iron ore producing company was next in the ASX100 list adding 6.3 percent or 32 cents to its stock price and was closed for the week at $5.38. The third place was taken by Macquarie Group (MQG), a worldwide provider of diversified financial services including advisory, banking, financial and investment services. The company added 1 percent or 50 cents to its stock price and closed at $48.90.

In the ASX200 list, it was Platinum Australia (PLA), Atlas Iron (AGO) and Ramsay Health Care (RHC), who took the first three positions for the week. Among them, Platinum Australia (PLA), a well known exploration company with concentration on Australia and South Africa with a market capitalisation of $404.3 million was in the top position with a gain of 17.7 percent or 19 cents and was closed for the week at $1.26. Atlas Iron (AGO), an exploration company that mainly focuses on the acquisition of iron ore projects was next in the line which added 8.8 percent or 19 cents to its stock price closing the week at $2.34. The third position was taken by Ramsay Health Care (RHC), a large and established private hospitals operator that focuses in Australia, Indonesia and the United Kingdom (market capitalisation of $2394.7 million). The company gained 7.4 percent or 83 cents to its share price closing the week at $11.90.

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