Losers of the Week for ASX100 and ASX200

Fri, 07/09/2007 - 22:14

On the ASX100 index, Allco Finance (AFG) was the worst performing stock meanwhile on the ASX200 index, AWB (AWB) was the worst performing company listed. Allco Finance and AWB are the losers of the week for week 36 of 2007. Allco Finance lost 6.243 percent (-$0.55, closing $8.26) and AWB lost 12.458 percent (-$0.37, closing $2.60) after after admitting the drought will cause a big drop in this year's wheat harvest. AFG was previously a loser and a winner. AWB has also previously been a loser and a winner. The AUD/USD pair closed the week at 82.67 cents, gold at $700, the All Ordinaries at 6296.5 and the ASX200 index on 6278.

AWB Limited is listed on the Australian Stock Exchange (ASX) under stock code AWB. AWB was listed on the ASX on 22 August, 2001. You can view their investor website here. The company is the exclusive manager and marketer of all Australian bulk wheat exports through what is known as the Single Desk. The company markets wheat into more than 50 countries, with Australian wheat exports worth up to $5 billion per year. AWB markets and trades a range of other grains both domestically and internationally, as well as providing additional services such as chartering. Brendan Stewart is the chairman of the AWB and Gordon Davis the Managing Director. Allco Finance Limited is listed on the Australian Stock Exchange (ASX) under stock code AFG. You can view their investor website here. David Coe is the Executive Chairman of Allco Finance and the CEO is Robert Mansfield. AFG was listed on the ASX on 28 February, 2001. Investing in businesses & assets which cover niche financial products such as equipment leasing, securitisation, funds management, placement and underwriting of financial risks and other structured financial investments in order to provide an alternative exposure to the financial services industry. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!

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