BXB

Here are the Top 100 Australian Companies bottom 10 stocks which lost the most percentage points of company value on the share market, the Australian Securities Exchange (ASX) this 29th week of 2010 (last week):

Brambles Limited (BXB), one of the leading support service provider which is running operations in more than 45 countries has declared that it is going to lose its US based business of ConAgra. However, the company also added that the loss is not going to have any effect on its 2010 accounts as the food company does represent a significant portion (less than 1 percent) of the annual sales of Brambles.

Incitec Pivot (IPL), an Australian global chemical company that mainly focuses on the production, trading and supply of fertilizers and chemicals was the worst performer of the ASX100 list for the 13th week of 2010. The company had a market capitalisation of $5378.5 million and lost 4.6 percent or 16 cents to its stock price closing for the week at $3.31.

One of the leading support service providers of the world Brambles (BXB) saw a drop in its share price on Wednesday with the analysts forecasting a weaker earning for the company for 2010 and due to chairman Graeme Kraehe moved forward with an investor roadshow to talk about the company’s new US strategy, cost blowouts, Brambles’ new boss and some other important issues.

ABC Learning was the overall best performing stock - taking in a 57.53 percent increase in their share price this week. It was a mixture of learning services, energy, support services, and mining companies who were among the best performing stocks for the week 26 of 2008 of the Australian sharemarket: ABC Learning (ABS), Paladin Energy (PDN), Brambles (BXB), Iluka Resources (ILU). These best performing stocks managed gains above 15.32 percent by the end of the trading week.

Seek (SEK) was the overall worst performing stock taking in a 13.95 percent decrease. It was a mixture of gaming machine manufacturing, support services, gold mining and Internet job recruitment companies who were among the worst performing stocks for the week 17 of 2008 on the Australian sharemarket: Aristocrat (ALL), Brambles (BXB), Newcrest (NCM), Seek (SEK), Sino Gold (SGX). These worst performing stocks for the week 17 recorded losses above 11.89 percent by the end of the trading week.