Futuris Corporation

Felix Resources was the overall worst performing stock taking in a 20.07 percent decrease in their share price. Among the worst performing stocks for the week 26 of 2008 of the Australian sharemarket were a mixture of property management, agribusiness, mining, utility infrastructure services: Valad Property (VPG), GPT Group (GPT), Futuris Corporation (FCL), Felix Resources (FLX), Spark Infrastructure (SKI), Great Southern (GTP). These worst performing stocks for week 26 of 2008 recorded losses above 14.44 percent by the end of the trading week.

Markets reaction to announcement from Futuris Corporation was sharp and devastating after it announced that its full year profit would be lower by nearly 20 percent. It also flagged it's non-performing and non-core assets on sale. The scrip remained battered throughout the day to close down at 36.5 cents or 27 percent at 97 cents which was lowest since August 2005. The shares have fallen nearly 55 percent this year.

Queensland Gas (QGC) was the overall best performing stock taking in a 17.54 percent increase. It was a mixture of financial services, Insurance, beef production and forestry, energy, and oil companies who were the best performing stocks for the week 16 of 2008 of the Australian sharemarket: Allco Finance (AFG), Insurance Australia Group (IAG), Futuris Corporation (FCL), Queensland Gas (QGC), AED Oil (AED). These best performing stocks managed gains above 7.6 percent by the end of the trading week.

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.