These were the worst performing ASX 200 shares last week

Ramelius Resources Limited (ASX:RMS) and Domino's Pizza Enterprises Ltd (ASX:DMP) shares were among the worst performers on the ASX 200 last week…

falling asx share price represented by business man giving thumbs down gesture

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Despite a soft finish to the week, the S&P/ASX 200 Index (ASX: XJO) recorded another strong gain last week. The benchmark index rose a sizeable 215 points or 3.5% to 6,405.2 points.

Not all shares were able to climb higher with the market last week. Here's why these were the worst performers on the ASX 200 over the five days:

Ramelius Resources Limited (ASX: RMS)

The Ramelius share price was the worst performer on the ASX 200 last week with a 14.1% decline. Investors were selling its shares after a pullback in the gold price following news of a potentially effective COVID-19 vaccine being developed. This led to a huge improvement in investor sentiment and a collapse in demand for safe haven assets. For the same reason, the shares of Silver Lake Resources Limited (ASX: SLR), Saracen Mineral Holdings Limited (ASX: SAR), Westgold Resources Ltd (ASX: WGX), and Northern Star Resources Ltd (ASX: NST) all fell by around 9% over the five days.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price wasn't far behind with an 11.9% decline. Investors were selling the retailer's shares after analysts at Morgans downgraded them to a hold rating with an $11.78 price target. It made the move on the belief that its sales will be impacted from a post-vaccine redirection in spending.

Bapcor Ltd (ASX: BAP)

The Bapcor share price was a disappointing performer and sank 8.3% lower last week. The catalyst for this was the COVID-19 vaccine news. Investors were selling off shares that have been COVID-winners like Bapcor and rotating into underperforming areas like travel and banking. For the same reason, the ARB Corporation Limited (ASX: ARB) share price fell 8% over the five days.

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price was out of form and dropped 6.3% lower over the week. Once again, this was driven by concerns that its sales could be impacted post-vaccine when consumer spending is redirected to other areas such as travel and tourism. This led to analysts at Macquarie downgrading the pizza chain operator's shares to an underperform rating with a $72.10 price target.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor and Super Retail Group Limited. The Motley Fool Australia has recommended ARB Limited and Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Dateline, DroneShield, Ora Banda, and Pilbara Minerals shares are dropping today

These shares are ending the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Qantas, Resimac, Tyro, and Soul Patts shares are falling today

These shares are having a tough session today. But why?

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

Why Betr, Evolution, NIB, and West African Resources shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Elders, IDP Education, Life360, and Pilbara Minerals shares are falling today

Let's see why investors are selling these shares.

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Share Fallers

The 5 worst performing ASX 200 shares in May unmasked

These five ASX 200 shares got smashed in May. But why?

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why Brazilian Rare Earths, Mineral Resources, Pilbara Minerals, and Syrah shares are falling

Why are these shares starting the week in the red?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Brainchip, Findi, Lottery Corp, and REA shares are falling today

These shares are ending the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why ALS, Black Cat, Boss Energy, and Soul Patts shares are falling today

These shares are falling on Thursday. Let's find out why.

Read more »