Business
These were the worst performing ASX 200 shares last week 10 April 2021
The S&P/ASX 200 Index (ASX: XJO) was in fine form last week and surged notably higher. The benchmark index rose 2.4% over the four days to end the week at 6,995.2 points.
Unfortunately, not all shares on the index were able to climb higher with the market. Here’s why these were the worst performing ASX 200 shares last week:
The Chorus share price was the worst performer on the ASX 200 last week with a 6.4% decline. Investors were selling the New Zealand telco’s shares after it revealed that it has reduced its indicative Maximum Allowable Revenue (MAR) range to NZ$680 million to NZ$710 million. This compares to its previous MAR range of NZ$715 million to NZ$755 million.
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