MQG
Here are the Bottom 10 Stocks of Australian Stock Market ASX 100 for the 26th week of 2010. They are the Bottom 10 stocks on the ASX 100 which performed the worst in the last 5 trading sessions. Read the latest Top 10 Stocks of the Week.
One of the largest financial institutions of Australia, Macquarie Group (MQG) is planning to close down its management trust that worth $10 billion and direct the investors into a deposit account which is market focused. Macquarie held the Government deposit guarantee as the reason due to which funds drained out from the trust.
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.
Suncorp-Metway Limited (SUN), an Australia based financial services group that concentrates in the insurance, retail services, funds management products, provision of banking, superannuation, and corporate and commercial sector (market capitalisation $11501.6 million) was the best performer of the 3rd week in ASX100 with a gain of 3.3 percent or 29 cents closing the week at $9.05.
Caltex Australia (CTX), a company that concentrates on convenience stores and also involved in refining, purchase, marketing and distribution of petroleum products was the best performer of the 2nd week in ASX100 with a gain of 6.9 percent or 64 cents closing the week at $9.86.
Australia based Macquarie Group (MQG) Macquarie group is apparently one of the bidders who is currently racing for the stake of Royal Bank of Scotland in RBS Sempra Commodities. According to some sources, as many as three companies placed their bids for that stake for the joint venture with US utility and natural gas company Sempra Energy. JP Morgan and Deutsche Bank are the two other organizations that have placed their bids.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)