CNP

Minara Resources (MRE) was the overall worst performing stock in either f the ASX100 and ASX200 indices taking in a 18.56 percent decrease in their share price on the Australian stock exchange. Although the overall loser on the Australian markets this week goes to Clive Peeters (CPR) which shed 25 percent closing the week at 50 cents.

City Pacific was the overall worst performing stock taking in a 60 percent decrease. It has been noted that for the past week (week 10 of 2008), majority of worst performing stocks on the Australian sharemarket was financial services providers and it’s an indication of the fall of the sector. Allco Finance (AFG), ABC Learning (ABS), Centro Properties (CNP), Asciano Group (AIO) and City Pacific (CIY) were among the worst performing stocks. Also, there moves were significant ranging from 29.9 percent to 60.2 percent.

Centro Properties (CNP) was the overall worst performing stock taking in 18.8 percent decrease in its stock price. Among the worst performing stocks for the week 8 of 2008 on the Australian sharemarket were a mixture of retail investments, child care services and mining: Centro Properties (CNP), ABC Learning (ABS), Macquarie Office (MOF), Iluka Resources (ILU), Centro Retail (CER). These worst performing stocks for week 8 of 2008 recorded losses above 11.9 percent by the end of the trading week.

Centro Properties (CNP) was the week 5 of 2008 winner, topping both ASX100 and ASX200 indices in terms of percentage gain. Centro Properties gained 18 cents or 37.5 percent closing at 66 cents. Meanwhile Centro Retail (CER) came second in the ASX200 indices gaining 36.765 percent or 13 cents, closing at 47 cents. Meanwhile, Rio Tinto took second place in ASX100 gaining 17.37 percent or $18.84 closing at $127.31.

MFS was the overall worst performing stock this week taking on a 72 percent decrease in its share price. Among the worst performing stocks for the past week (week 3 for 2008) on the Australian sharemarket were a mixture of retail, funds management & financial services and mining companies: MFS (MFS), Centro Retail (CER), Centro Properties (CNP), Alumina (AWC), Zinifex (ZFX) and AED Oil (AED). These worst performing stocks for week 3 of 2008 recorded between 9 percent to 44 percent for their loss by the end of the trading week.