Week 13 Worst Performers

Submitted by Jim Thesiger on 4 May, 2010 - 00:58

Incitec Pivot (IPL), an Australian global chemical company that mainly focuses on the production, trading and supply of fertilizers and chemicals was the worst performer of the ASX100 list for the 13th week of 2010. The company had a market capitalisation of $5378.5 million and lost 4.6 percent or 16 cents to its stock price closing for the week at $3.31. It was a mixture of chemical, support services, infrastructure management, medical device manufacturing and energy companies in the list of worst performing stocks for ASX100 and AX200 for this week: Incitec Pivot (IPL), Brambles Limited (BXB), Downer EDI (DOW), ResMed Inc. (RMD), Infigen Energy (IFN). Brambles Limited (BXB), a leading provider of support services that runs operations in more than 45 countries across six continents was the second worst company in ASX100. The company lost 2.8 percent or 21 cents to its stock price closing the week at $7.15 (market capitalisation $10101.2 million). Next in the line was Downer EDI (DOW), a company that is involved in the provision of infrastructure management services and comprehensive engineering services to private and public power, mining, resource, rail, road and telecommunications sectors in a global scale. The company saw a 2.7 percent or 21 cent drop to its share price and was closed for the week at $7.35.

In the ASX200 list, it was ResMed Inc. (RMD), Infigen Energy (IFN) and Incitec Pivot (IPL) - who had the worst performing stocks of the week. ResMed Inc. (RMD), company that specializes in medical device manufacturing with focus on the development, manufacturing and sale of various types of medical equipments was in the top position in this list with a loss of 5.1 percent or 36 cents to its stock price and was closed for the week at $6.64 (market capitalisation $5079.0 million). Infigen Energy (IFN), a global independent renewable energy company that focuses on the ownership and maintenance of wind energy generation assets was placed at the second position in this list with a loss of 5.07 percent or 7 cents closing the week at $1.22 (market capitalisation $975.0 million). And finally Incitec Pivot (IPL) placed thirds in this list.

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!