Business
These were the worst performing ASX 200 shares last week 21 November 2020
Positive COVID-19 vaccine news gave investor sentiment a lift last week and sent the S&P/ASX 200 Index (ASX: XJO) charging higher again. The benchmark index rose 2.1% to finish at 6539.2 points.
Unfortunately, not all shares climbed higher with the market last week. Here’s why these were the worst performers on the ASX 200 over the period:
Evolution Mining Ltd (ASX: EVN)
The Evolution share price was the worst performer on the ASX 200 last week with an 8.9% decline. Improving risk appetite thanks to positive COVID-19 vaccine developments weighed on the gold price last week. Combined with a broker downgrade from Macquarie, this put a lot of pressure on the Evolution share price. A number of other gold miners including Gold Road…
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