The Best Performing Stocks of the Week

Submitted by Jim Thesiger on 29 May, 2010 - 15:27

Sigma Pharmaceuticals Limited (SIP), a company with focus on manufacturing, marketing and distribution of pharmaceutical products through drugstore and grocery channels was the best performer of the week in ASX200 with a gain of 37.1 percent closing the week at 48 cents (market capitalisation $565.7 million). The company traded its stocks for 35 cents last week. It was a mixture of pharmaceuticals, agricultural, software & IT, telecommunication and exploration companies in the ASX200 list for the week: Sigma Pharmaceuticals Limited (SIP), Australian Agricultural Company (AAC), iSOFT Group Limited (ISF), Singapore Telecommunications (SGT), Karoon Gas Australia (KAR). Next in the line was Australian Agricultural Company (AAC), a Australia based established beef cattle Company with principal activities including breeding of cattle, growing, feedlotting and trading, operating grazing and farming lands and so on. The company added 7.9 percent to its stock price closing for the week at $1.51 with a market capitalisation of $399.0 million. Its shares were traded at $1.40 during the last week. iSOFT Group Limited (ISF), a company that supplies software and IT solutions to healthcare providers including hospitals, pharmacists, clinics and so on was in the third position with 4.5 percent gain to its stock price closing the week at 58 cents (market capitalisation $596.8 million). The company shares were traded at 55 cents a week earlier. Singapore Telecommunications (SGT), one of the leading communication groups offering telephony services, data and mobile communication services along with postal services in Singapore held the fourth position in the list adding 1.7 percent to its stock price closing for the week at $2.44 (market capitalisation of $1211.0 million). The company traded at $2.40 during the last week. Singapore Telecommunications was followed by Karoon Gas Australia (KAR), which is engaged in exploration, identification and development of oil and gas reserves. Karoon added 1.4 percent to its share price and was closed for the week at $7.82 (market capitalisation $1388.4 million). A week earlier the company traded at $7.71 in the stock exchange.

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