Best Performing Shares of the Week

Submitted by Jim Thesiger on 14 February, 2010 - 03:12

Transurban Group (TCL), a company that owns, develops and operates intelligent transport systems and electronic toll roads with operations in Australia and the United States had the best performing shares of the 6th week in ASX100 with a gain of 21.7 percent or 99 cents to its stock price closing the week at $5.55. It was a mixture of mining, exploration, media & other services companies in the list of best performing companies for ASX100 and ASX200: Transurban Group (TCL), Sino Gold Mining (SGX), Lihir Gold Limited (LGL), Ten Network (TEN), Mount Gibson Iron (MGX), Karoon Gas Australia (KAR). The second place was taken by Sino Gold Mining (SGX), a gold production company that concentrates in mining and processing of gold ore, sale of recovered gold and exploration and development of mining properties. Sino Gold gained 9.7 percent or 65 cents to its stock price and closed at $7.30. It was followed by Lihir Gold Limited (LGL), an Australia based company that concentrates in gold mining, exploration and gold processing in the Australasia region. The company saw an increase of 8.5 percent or 26 cents to its stock price closing the week at $3.31.

In the ASX200 list, it was Ten Network (TEN), Mount Gibson Iron (MGX) and Karoon Gas Australia (KAR) who made it for the first three positions of the week. Among them, Ten Network (TEN), a company with concentration on the media sector which operates mainly in five large television stations was at the top position with a market capitalisation of $1891.9 million. The company saw an increase of 19.4 percent or 30 cents to its stock price and was closed for the week at $1.81. The second place was taken by Mount Gibson Iron (MGX), a company that concentrates in iron exploration and production. The company added 19.3 percent or 26 cents to its stock price and was closed for the week at $1.61 (market capitalisation $1728.9 million). Next in the line was Karoon Gas Australia (KAR), a company that focuses in exploration, identification and development of oil and gas reserves which saw a rise of $18.8 percent or $1.10 to its share price closing the week at $6.93 (market capitalisation $1227.4 million).

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