Top 3 Winning Stocks of the Week

Submitted by Jim Thesiger on 28 February, 2010 - 02:26

APA Group (APA), which is an established energy transmission infrastructure of Australia had the best performing stocks of the 7th week in ASX100 with a gain of 9.4 percent or 30 cents to its stock price closing the week at $3.46 (market capitalisation $1760.5 million). It was a mixture of energy transmission, financial services, real estate and management oriented companies in the list of best performing companies for ASX100 and ASX200: APA Group (APA), Perpetual Limited (PPT), ING Office Fund (IOF), Transpacific Industries Group (TPI), IOOF Holdings (IFL), FKP Property Group (FKP). The second place was taken by Perpetual Limited (PPT), a company that focuses on various types of service offerings including financial advice, wealth management, managed investment fund, trustee and family and superannuation management. The company gained 8.3 percent or $2.81 to its stock price and closed at $36.32. It was followed by ING Office Fund (IOF), a real estate investor that has investments in office buildings in Australia, United States and Europe. The company saw an increase of 7 percent or 4 cents to its stock price closing the week at 61 cents.

In the ASX200 list, it was Transpacific Industries Group (TPI), IOOF Holdings (IFL) and FKP Property Group (FKP) who made it for the first three positions of the week. Among them, Transpacific Industries Group (TPI), a company that offers waste and environmental service, terminal service and vehicle retailing primarily in Australia, South Pacific and New Zealand was at the top position with a market capitalisation of $1311.3 million. The company saw an increase of 15.6 percent or 19 cents to its stock price and was closed for the week at $1.37. The second place was taken by IOOF Holdings (IFL), a company that offers financial services in Australia. The company added 12.4 percent or 68 cents to its stock price and was closed for the week at $6.13 (market capitalisation $1408.6 million). Next in the line was FKP Property Group (FKP), a company that focuses on resorts management, construction and investment, associated infrastructure and retirement villages' management. The company added $12.4 percent or 8 cents to its share price closing the week at 73 cents (market capitalisation $842.3 million).

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!