Independence Group

Jubilee Mines (JBL) was the overall best performing Australian company taking in a 37.7 percent increase of its stock price this week. Among the best performing stocks for the week 45 of 2007 on the Australian sharemarket were a mixture of mining and retail: Harvey Norman (HVN), Paladin Energy (PDN), Oxiana (OXR), Jubilee Mines (JBM), Independence Group (IGO), Sally Malay (SMY). These best performing stocks for week 45 of 2007 recorded gains above 7.9 percent by the end of the trading week.

Independence Group (IGO) was the worst performing company on the Australian stockmarket (Loser of the week for week 20 of 2007). The company was also the worst performer on the ASX200 index. The Independence Group share price lost 92 cents or 11 percent and closing the week at $7.40. The loss can be attributed to the fact that the nickel price had dropped. ASX 200 closed the week at 6252.8 and the ALL Ordinaries closed the week on 6273.3.

Other than Astron, other top performers on the Australian sharemarket were: United Group closing at $15.99, gaining $1.48 or 10.2 percent on the week (winner of week for week 16 on the ASX100 index), Independence Group increased their share value by 0.97 cents or 16.9 percent this week, closing the week at $6.71 (winner of the week for week 16 on the ASX200 index). Other great performers were Kagara Zinc, $6.34, adding 0.34 cents or 15.7 percent and Babcock & Brown increasing by 32 cents or 10.9 percent closing at $3.26. It's the end of April... have you heard of "sell in May and go away?"