Centro Retail

As the retail sector faced a downgrade during the holiday season, new Centro Retail Australia (CRF) Chief Executive Steven Sewell that its supermarket tenants can help in facing the trading conditions that the retail sector is suffering from. According to Sewell, Centro's majority centres having supermarkets as tenants will be enough to provide foundation for its future.

Energy Resources of Australia (ERA) was the worst performer with a negative move of 18.2%. Among the worst performing stocks for the past trading week (week 13 for 2008) on the Australian sharemarket were a mixture of child care services, mining, energy and financial services: ABC Learning (ABS), Lihir Gold (LHG), Fortescue (FMG), Energy Resources Of Australia (ERA), Macquarie DDR Trust (MDT). These worst performing stocks for week 13 of 2008 were ranged from 13.8 percent to 18.2 percent in their losses.

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.

Boom Logistics (BOL) was the overall worst performing stock taking in a 25.5 percent decrease in its share price this week. Among the worst performing stocks for the past trading week (week 7 for 2008) on the Australian sharemarket were a mixture of financial services, electronic, implant devices, constructing and logistics: Challenger FSG (CGF), Cochlear (COH), Leighton (LEI), Boom Logistics (BOL), JB Hi-Fi (JBH). These worst performing stocks for week 7 of 2008 were ranged from 12 percent to 25 percent in their losses.

Centro Properties (CNP) was the week 5 of 2008 winner, topping both ASX100 and ASX200 indices in terms of percentage gain. Centro Properties gained 18 cents or 37.5 percent closing at 66 cents. Meanwhile Centro Retail (CER) came second in the ASX200 indices gaining 36.765 percent or 13 cents, closing at 47 cents. Meanwhile, Rio Tinto took second place in ASX100 gaining 17.37 percent or $18.84 closing at $127.31.

MFS was the overall worst performing stock this week taking on a 72 percent decrease in its share price. Among the worst performing stocks for the past week (week 3 for 2008) on the Australian sharemarket were a mixture of retail, funds management & financial services and mining companies: MFS (MFS), Centro Retail (CER), Centro Properties (CNP), Alumina (AWC), Zinifex (ZFX) and AED Oil (AED). These worst performing stocks for week 3 of 2008 recorded between 9 percent to 44 percent for their loss by the end of the trading week.