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Market Rumours Send APN News Media Stocks Up Nearly 25%


APN News & Media (ASX:APN) have seen their shares jump nearly 25 percent on market rumours.

  • There was speculation in the marketplace that APN News & Media had found a buyer for its New Zealand assets.
  • The company had placed its New Zealand assets including The New Zealand Herald and other magazine and radio assets for sale last May.
  • The APN shares were up 24.65 percent for the day, up 8.5 cents, to close at 43 cents per share.

The Worst Performing Companies of the Week


Nufarm (NUF), a company that concentrates in the production and distribution of agricultural chemicals to farmers was the worst performer in the ASX100 list for the week. The company lost 5.9 percent or 52 cents to its stock price and was closed for the week at $8.19.

The Best Performing Companies of the Week


Lihir Gold Limited (LGL), an Australia based company with concentration on gold mining, exploration and processing in the Australasian region was the best performer for this week in ASX100 with a gain of 33.7 percent or $1.02 to its stock price closing the week at $4.04.

The Best Performing Companies of this Week


Aristocrat Leisure (ALL), a gaming company that develops gaming machines, software systems and other related equipment and runs business in Americas, Asia Pacific and Europe was the number one winning company of the 12th week in ASX100 with a gain of 7.3 percent or 32 cents to its stock price closing the week at $4.65 (market capitalisation $2480.2 million).

The Worst Performing Companies of this Week


Energy Resources of Australia (ERA), one of the primary producers of Uranium of the world was the worst performer of the ASX100 list for the 12th week of 2010. The company lost 5.9 percent or $1.20 to its stock price and was closed for the week at $18.90.

Best Performing Stocks of Week 11


Lluka Resources (ILU), a company that concentrates in mining, exploration, separation and concentration of mineral sands business along with in the production of coal, synthetic rutile, zircon, rutile, ilmenite and other titaniferous concentrates had the best performing stocks of the 11th week in ASX100 with a gain of 10.9 percent or 41 cents to its stock price closing the week at $4.15.

Worst Performing Stocks of Week 11


Ansell (ANN), an Australia based company that operates in the gloves and other protective product industry was the worst performer in the ASX100 list for the 11th week. The company lost 5.6 percent or 65 cents to its stock price and was closed for the week at $12.18.

The Losing Companies of the 10th Week


Mirvac Group (MGR) , a company that operates real estate business in residential and non-residential projects and involved in Real Estate Fund management was the worst performer of the ASX100 list for the 10th week of 2010. The company lost 6 percent or 10 cents to its stock price and was closed for the week at $1.48 (market capitalisation of $4436.9 million).

The Winning Companies of the 10th Week


Arrow Energy (AOE), one of the renowned coal seam gas producer and explorer of Australia with a current market capitalisation of over AUS$2 billion with resources in south and central Queensland and northern New South Wales was at the number winning company of the 10th week in ASX100 with a gain of 49.4 percent or $1.72 to its stock price closing the week at $5.20 (market capitalisation $3808.4 million).

Top 3 Winning Stocks of the Week


APA Group (APA), which is an established energy transmission infrastructure of Australia had the best performing stocks of the 7th week in ASX100 with a gain of 9.4 percent or 30 cents to its stock price closing the week at $3.46 (market capitalisation $1760.5 million).

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