Worst Performing Shares of the Week

Submitted by Jim Thesiger on 14 February, 2010 - 03:13

Telstra (TLS), the largest telecommunications carrier in Australia which provides information and telecommunications services including internet, mobiles and pay television services had the worst performing shares in the ASX100 list in the 6th week. The company had a market capitalisation of $38822.4 million. Telstra lost 7.9 percent or 27 cents to its stock price and was closed for the week at $3.12. It was a mixture of telecommunication and information, property and financial services companies in the list of worst performing stocks for ASX100 and AX200 for this week: Telstra (TLS), Macquarie Office Trust (MOF), Macquarie Group (MQG), Macquarie CountryWide Trust (MCW). Macquarie Office Trust (MOF), an Australia based leading property investment company with operations in Australia, USA and Europe was the second worst company in ASX100 with a market capitalisation of $1330.8 million. The company lost 6.6 percent or 2 cents to its stock price closing the week at 28 cents. Next in the line was Macquarie Group (MQG), a global provider of diversified financial services including banking, advisory, financial and investment services. The company saw a 5.7 percent or $2.88 drop to its share price and was closed for the week at $47.35 (market capitalisation $15853.3 million).

In the ASX200 list, it was Macquarie CountryWide Trust (MCW), Telstra (TLS) and Macquarie Office Trust (MOF) - who had the worst performing shares of the week. Macquarie CountryWide Trust (MCW), an investment trust company that primarily focuses in Australia, New Zealand and the United States with investments in big shopping centers and groceries with a market capitalisation of $863.4 million was in the top position in this list with a loss of 9.3 percent or 6 cents to its stock price and was closed for the week at 58 cents. The second and third position was taken by Telstra (TLS) and Macquarie Office Trust (MOF) respectively.

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