Monadelphous Group

Monadelphous Group (MND) was the overall worst performing stock taking in 18.07 percent decrease. Among the worst performing stocks for the week 32 of 2007 of the Australian sharemarket were a mixture of engineering & infrastructure, steel and mining: Downer EDI (DOW), OneSteel (OST), Zinifex (ZFX), Monadelphous (MND), Energy Resource Australian (ERA), Perilya (PEM). These worst performing stocks for week 32 recorded losses above 10.4 percent by the end of the trading week. Mining companies were dominating both the ASX 100 index and the ASX 200 index in the worst performing stocks list.

Besides Timbercorp (TIM) losing 8 percent, other non-performing stocks this week were:
On the ASX100 indices, Newcrest (NCM) lost 60cents or 2.632 percent closing at $22.20 and on the ASX200 indeces Monadelphous Group (MND) lost 0.58 cents in value or 4.158 percent closing the week at $13.37. The All Ordinaries index closed at 6319.7 and the ASX200 index closed at 6312.5.