PPX

The Australia based communication paper manufacturing and packaging company Paperlinx (PPX) will turn into a pure merchant of paper products after taking the decision to shut down its Tasmanian manufacturing operations. After a 10 month long review, the company decided to shut down the Wesley Vale operation and some part of the Burnie operation. Instead of going for the complete closure of the Burnie operation, the company will look for a sale for the remaining parts of it.

Gunns (GNS), a fully integrated hardwood forest products company which is involved in milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors with a market capitalisation of $1020.5 million was the best performer of the 39th week in the Australian Stock Exchange with a gain of 15.7 percent closing the week at $1.33. Gunns shares were closed at $1.15 in the prior week.

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).

Downer EDI (DOW) was the overall worst performing stock taking in a 13.5 percent decrease. Among the worst performing stocks for the past trading week (week 44 for 2008) on the Australian sharemarket were a mixture of oil, mining and paper: Downer EDI (DOW), Zinifex (ZFX), PaperlinX (PPX), Roc Oil (ROC). Mining companies dominated the worst performing stock lists of both the ASX 100 and ASX 200 indices. These worst performing stocks for week 44 were ranged from 10.5 percent to 13.5 percent in their loss.

Iluka Resources (ILU) was the overall worst performing stock taking in a 10.24 percent decrease. Among the worst performing stocks for the week 39 of 2007 on the Australian sharemarket were a mixture of forestry, paper manufacturing, refining, mining and crop production: Futuris Corporation (FCL), PaperlinX (PPX), Caltex Australia (CTX), Iluka (ILU), Nufarm (NUF). These worst performing stocks for the week 39 recorded losses between 4.03 to 10.24 percent by the end of the trading week.