The Losing Companies of the 10th Week

Submitted by Jim Thesiger on 14 March, 2010 - 00:11

Mirvac Group (MGR) , a company that operates real estate business in residential and non-residential projects and involved in Real Estate Fund management was the worst performer of the ASX100 list for the 10th week of 2010. The company lost 6 percent or 10 cents to its stock price and was closed for the week at $1.48 (market capitalisation of $4436.9 million). It was a mixture of real estate, management, investment, construction, software and utilities companies in the list of worst performing stocks for ASX100 and AX200 for the 10th week: Mirvac Group (MGR), Downer EDI (DOW), Commonwealth Property Office Fund (CPA), Alesco Corporation Limited (ALS), iSOFT Group Limited (ISF), Emeco Holdings (EHL). Downer EDI (DOW), a company that focuses in the provision of infrastructure management services and comprehensive engineering services was the second worst company in ASX100. The company lost 5.5 percent or 45 cents to its stock price closing the week at $7.63. Next in the line was Commonwealth Property Office Fund (CPA), an Australia based company that concentrates in the office property investment. The company saw a 5.5 percent or 6 cent drop to its share price and was closed for the week at 94 cents.

In the ASX200 list, it was Alesco Corporation Limited (ALS), iSOFT Group Limited (ISF) and Emeco Holdings (EHL) - who were the losing companies of the week. Alesco Corporation Limited (ALS ), an Australia based company that concentrates in the construction and mining, building and renovations, scientific and medical industry was in the top position in this list with a loss of 33.1 percent or $1.56 to its stock price closing the week at $3.14 (market capitalisation $295.8 million). iSOFT Group Limited (ISF), a supplier of software and IT solutions to healthcare providers including hospitals, pharmacists, clinics and so on was placed at the second position in this list with a market capitalisation of $519.0 million. The company lost 8.2 percent or 5 cents to the stock price and was closed for the week at 50 cents. It was followed by Emeco Holdings (EHL), a company that primarily concentrates on sales, leasing and parts and maintenance services for heavy earth moving equipments. It lost 8.2 percent or 6 cents to its stock price closing the week at 62 cents. The company had a market capitalisation of $388.2 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!