MOF

Telstra (TLS), the largest telecommunications carrier in Australia which provides information and telecommunications services including internet, mobiles and pay television services had the worst performing shares in the ASX100 list in the 6th week. The company had a market capitalisation of $38822.4 million. Telstra lost 7.9 percent or 27 cents to its stock price and was closed for the week at $3.12.

ING Office Fund (IOF), a real estate investor with investments in office buildings in Australia, United States and Europe was the worst performer in the ASX100 index for the week losing 19.6 percent or 11 cents in its stock price and was closed for the week at 45 cents. IOF has a market capitalisation of $1228.1 million.

A $1.37 billion worth of net loss was recorded by Macquarie Office Trust (MOF) for the year that ended at June 30. The trust also warned that the earning per share for 2009-10 is assumed to be lower than the past year figures. Core earning for the trust for 2008-09 was $185.8 million. However, the chief executive Mr. Adrian Taylor claimed that the trust have passed through the worst scenario and has stabilised the balance sheet. Mr.

Consolidated Media Holdings (CMJ), a company that is engaged in the business of gaming, entertaining, television broadcasting, program development, magazine publishing and distributing, subscription television, investment in internet was the best performing stocks in ASX100 index for the week 28 with a gain of 17.1 percent or 38 cents in its stock price closing the week at $2.60.

Macquarie Office Trust (MOF), a major office properties owner of Australia which is engaged in property investment in Australia, USA and Europe was the worst performer in the Australian Stock Exchange ASX100 index with a loss of 17.3 percent or 4 cents in its stock price and was closed for the week at 19 cents.

Murchison Metals (MMX) - one of the leading iron ore exploration companies in Australia was the worst performing stock in ASX 200 on week 25. The company lost 23.4 percent or 51 cents on the share market. Some other worst performing stocks of this list were Gloucester Coal (GCL), Kagara Zinc (KZL), Paper Linx (PPX), ING Industrial Fund (IIF) and Paladin Energy (PDN).

Alumina (AWC), a major supplier of alumina and smelting operations which was enlisted in the Australian Stock Market in 1961 was the worst performer on the ASX100 that lost 20.8 percent or 39 cents.

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.