Here are last week’s 3 biggest ASX 200 losers

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Last week, the S&P/ASX 200 index fell 12.1 points or 0.2 per cent to close on Friday at 6045.20.

Here are the week’s 3 biggest ASX 200 losers.

Retail Food Group Limited

The Retail Food Group Limited (ASX:RFG) share price crashed 24.22 per cent lower to close the week at 61 cents. Shares in the embattled food and beverage company were hit once again after it was one of three companies removed from the S&P 200 index on Friday. This rounded out a disappointing year for Retail Food Group, which is down almost 88 per cent over the last 12 months.

Ramsay Health Care Limited

The Ramsay Health Care Limited Fully Paid Ord. Shrs (ASX:RHC) share price dropped 7.48 per cent lower to close the week at $56.66. Ramsay Health Care shares fell after private hospital operator was downgraded by analysts at Credit Suisse last Tuesday. The broker downgraded Ramsay Health Care’s shares to an underperform rating from neutral and its analysts have cut the price target on the company’s shares down from $68.60 to $56.50.

Metcash Limited

The Metcash Limited (ASX:MTS) share price fell 6.9 per cent lower to close the week at $2.70. Metcash shares continued to fall after the IGA and Foodland supermarkets supplier announced that it will be hit with a $352 million impairment charge. This comes after Drakes Supermarkets said last month that it would not commit to Metcash beyond the June 2019 end of the parties’ current South Australia agreement. Total sales, including tobacco, to Drakes Supermarkets in South Australia, were about $270 million in the 12 months to April 30. 

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Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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Lauren Surplice is a keen follower of the stock market, investing in individual companies and funds. She follows the daily stock market news, covering the ASX stocks that are moving the markets. You can contact Lauren at laurens@thecapitalclub.com.au