The Worst Performing Companies of the Week

Submitted by Jim Thesiger on 6 April, 2010 - 02:54

Nufarm (NUF), a company that concentrates in the production and distribution of agricultural chemicals to farmers was the worst performer in the ASX100 list for the week. The company lost 5.9 percent or 52 cents to its stock price and was closed for the week at $8.19. It was a mixture of agricultural product manufacturer, financial services, departmental store, pharmaceutical, exploration and hardwood forest product companies in the list of worst performing stocks of the Australian Stock Exchange for the week: Nufarm (NUF), Macquarie Group (MQG), David Jones (DJS), Sigma Pharmaceuticals Limited (SIP), Energy World Corporation (EWC), Gunns (GNS). Macquarie Group (MQG), a company that provides diversified financial services including advisory, banking, financial and investment services throughout the globe was the second worst performer in ASX100 losing 5.1 percent or $2.55 closing the week at $47.11. It was followed by David Jones (DJS), a company that runs departmental stores in Australia and offers diversified range of both local and international brands. The company saw a 4.8 percent or 24 cents drop to its stock price and was closed for the week at $4.72.

In the ASX200 list, it was Sigma Pharmaceuticals Limited (SIP), Energy World Corporation (EWC), Gunns (GNS) - who were the top three worst performers of the week. Among them, Sigma Pharmaceuticals Limited (SIP), a company that concentrates in manufacturing, marketing and distribution of pharmaceutical products through drugstore and grocery channels held the first position losing 50 percent 45 cents to its stock price and closed the week at 45 cents. Energy World Corporation (EWC), an exploration company that concentrates on exploration, exploitation and production of oil and gas primarily in Australia and Indonesia was in the second position in this list losing 12 percent or 7 cents to is share price and closed for the week at 48 cents. Gunns (GNS), a fully integrated hardwood forest products company that concentrates on milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors was next in the line. The company lost 8.3 percent or 5 cents to its stock price closing the week at 50 cents.

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