The Worst Performers of Week 15

Submitted by Jim Thesiger on 10 May, 2010 - 15:47

Wotif.com Holdings (WTF), an online travel agency that offers online accommodation booking services to in excess of 45 countries with a primary concentration on Australia and New Zealand was the worst performer in the ASX200 list for the 15th week. The company had a market capitalisation of $1377.0 million and lost 14.6 percent to its stock price and was closed for the week at $6.57. Its stocks were traded at $7.69 during the last week. For this week, it was a mixture of online, mining, exploration, pharmaceuticals and air transportation based companies in the list of worst performing stocks of the Australian Stock Exchange: Wotif.com Holdings (WTF), Murchison Metals (MMX), Biota Holdings (BTA), CSL, Virgin Blue Holdings (VBA). Murchison Metals (MMX), a company that is involved in iron ore exploration and mining business in Western Australia and a supplier of premium quality iron ore in the international market was the second worst performer in ASX200 losing 11.3 percent and closing the week at $2.67 (market capitalisation $1162.5 million). Last week, Murchison shares closed trading at $3.01. It was followed by Biota Holdings (BTA), one of the major players in the anti-infective drug industry. The company saw an 8.8 percent drop to its stock price and was closed for the week at $2.06 (market capitalisation $368.7 million). Stocks of this company were traded at $2.26 during the last week. Next in the line was CSL, a biopharmaceutical conglomerate that is involved in the business of developing, manufacturing and marketing of products that work as cure or prevention against various human medical conditions. The company lost 8.4 percent to its stock price and was closed for the week at $33.94 (market capitalisation $19556.7 million). These stocks were traded at $37.05 during the earlier week. The fifth place was taken by Virgin Blue Holdings (VBA), the renowned airline travel service provider with focus on Australia. Virgin saw a 7.6 percent drop to its stock price and was closed for the week at 61 cents (market capitalisation $1336.5 million). Its stocks were traded at 66 cents during the last week.

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