Futuris

AED Oil was the overall worst performing Australian stock taking in a 31.9 percent decrease in its stock price this week. Among the worst performing stocks for the week 6 of 2008 on the Australian sharemarket were a mixture of property & funds management, metals mining, financial services and oil: Valad Property (VPG), Zinifex (ZFX), Challenger Financial Services Group (CGF), AED Oil (AED), IOOF Holdings (IFL). These worst performing stocks for week 3 of 2008 recorded losses above 13.5 percent by the end of the trading week.

Futuris Group (FCL) was the worst performing stock on the Australian sharemarket's ASX100 index this week (Loser of the week for week 39 of 2007). The company lost 15 cents or 6.579 percent of share value during the week closing at $2.13. The Australian dollar closed the week at a strong US$0.8826, gold closed at US$732.30. The Australian All Ordinaries closed at a high of 6580.9 after a strong week and the ASX100 index closed at 6567.8. Read a previous share trading recommendation for Futuris (FCL). FCL was also the winner of week 18.

Besides Fortescue Metals, Futuris Corporation was the best performing company on the ASX100 index closing the week at $2.47, increasing its stock price by 9.4% or 76 cents. Other top movers this week were these two stocks on the ASX index: Incitec Pivot whose shares increasing by 10.56% (or $7.25) closing the week at $60. On the other hand, Kimberley Diamonds increased their share value by 9.42% or 7 cents closing at 76 cents. This week the All Ordinaries closed at 6297.3, while the ASX200 index closed at 6297.4.