Business
These were the worst performers on the ASX 200 last week 26 December 2020
The S&P/ASX 200 Index (ASX: XJO) was unable to make it eight successive weeks of gains and slipped lower last week. The benchmark index fell 10.7 points or 0.2% to end at 6,664.8 points.
While a number of shares dropped lower with the market, some fell more than most. Here’s why these were the worst performing ASX 200 shares last week:
The AGL share price was the worst performer on the ASX 200 last week with an 8.8% decline. Investors were selling the energy company’s shares after it downgraded its guidance. AGL now expects its net profit after tax to be in the range of $560 million to $660 million this year. This is down from its prior guidance of $500 million to $580 million and represents an 11% reduction at the…
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