Worst Performers of the Week

Macquarie Infrastructure Group (MIG), a company that concentrates on the toll road construction and operation business was the worst performer in the ASX100 list in the 4th week. The company lost 13.1 percent or 18 cents to its stock price and was closed for the week at $1.22. It was a mixture of infrastructure, financial services, mining and exploration companies in the list of worst performing stocks of ASX for this week: Macquarie Infrastructure Group (MIG), Perpetual Limited (PPT), Lihir Gold Limited (LGL), PanAust (PNA), Kagara (KZL), Mincor Resources NL (MCR). Perpetual Limited (PPT), a company that concentrates on various types of service offerings including financial advice, wealth management, managed investment fund, trustee and family and superannuation management was the second worst company in ASX100 losing 12 percent or $4.79 to its stock price closing the week at $35.05. Next in the line was Lihir Gold Limited (LGL), an Australia based company that focuses on gold mining, exploration and gold processing. The company saw an 11.5 percent or 36 cent drop to its stock price and was closed for the week at $2.77.

In the ASX200 list, it was PanAust (PNA), Kagara (KZL) and Mincor Resources NL (MCR) - who were the worst performers for the week. PanAust (PNA), a company that is engaged in operations like development of mines, mining of gold, valuation of precious and base metal projects and mineral exploration with a market capitalisation of $1378.4 million was in the top position in this list with a loss of 17.5 percent or 10 cents to its stock price and was closed for the week at 47 cents. The second position was taken by Kagara (KZL), one of the leading Australia based mineral explorer, developer and producer that mainly concentrate on base metals. Kagara lost 15.2 percent or 17 cents to its stock price closing for the week at 92 cents. It was followed by Mincor Resources NL (MCR), a Company that is actively engaged in the exploration of nickel and base metals in Australia. The company lost 15.1 percent or 26 cents to its stock price closing the week at $1.46 (market capitalisation $292.3 million).