Week 13 Best Performers

Submitted by Jim Thesiger on 4 May, 2010 - 01:57

Lihir Gold Limited (LGL), an Australian company involved in gold mining, exploration and processing with gold mine and processing facilities located in Lihir Island had the best performing stocks of the 13th week in ASX100 with a gain of 31.6 percent or 96 cents to its stock price closing the week at $3.99. It was a mixture of mining, uranium, merchandising and investment based companies in the list of best performing companies in ASX100 and ASX200: Lihir Gold Limited (LGL), Lluka Resources (ILU), Paladin Energy (PDN), Gunns (GNS), Hastings Diversified Utilities Fund (HDF). The second place was taken by Lluka Resources (ILU), a company that focuses on mining, exploration, separation and concentration of mineral sands. The company added 11.8 percent or 52 cents to its share price and closed the week at $4.90. Lluka was followed by Paladin Energy, (PDN), a company that concentrates in acquisition and development of uranium projects in Australia and Africa gaining 10.1 percent or 40 cents to its stock price and closed at $4.35.

In the ASX200 list, it was Lihir Gold Limited (LGL), Gunns (GNS) and Hastings Diversified Utilities Fund (HDF) who made it for the first three positions of the week. Among them, Lihir Gold Limited (LGL) was at the top position. The second place was taken by Gunns (GNS), a fully integrated hardwood forest products company that focuses on milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors. Gunns added 14.5 percent or 7 cents to its stock price and was closed for the week at 55 cents (market capitalisation $443.7 million). Next in the line was Hastings Diversified Utilities Fund (HDF), a diversified utility fund that invests in gas transmission and water utilities infrastructures asset. The company added 14.2 percent or 17 cents to its share price closing the week at $1.36 (market capitalisation $676.2 million).