These were the 5 worst performing shares on the ASX 200 last week

Investors appear to have well and truly put October’s market meltdown behind them judging by the performance of the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) last week. The benchmark index finished the week with a gain of approximately 3.2%.

But not all shares managed to follow the index higher. These five shares were the worst performers on the ASX 200 last week:

Readers will not be surprised to learn that the Corporate Travel Management Ltd (ASX: CTD) share price was the worst performer on the ASX 200 last week with a 26.5% decline. The corporate travel specialist was the target of a short seller report by VGI Partners last weekend. Although the company’s response was comprehensive, it hasn’t been enough for some shareholders to stick around.

The Ausdrill Limited (ASX: ASL) price was the next worst performer on the index with an 8.2% decline. The diversified mining services company’s shares sank lower last week despite completing the acquisition of Barminco and reiterating its underlying earnings growth guidance of 20% to 30% for FY 2019.

The Seven West Media Ltd (ASX: SWM) share price continued its poor run and fell a further 6.2% last week. The media company’s shares have now fallen as much as 24% in the space of just one month. Media shares have come under significant selling pressure since the release of a disappointing update from Nine Entertainment Co Holdings Ltd (ASX: NEC) last month.

Not far behind Seven West Media was the InvoCare Limited (ASX: IVC) share price. The funeral company’s shares were the fourth-worst performer on the index with a decline of 4.2%. Its shares benefitted last month when investors sought low risk options during the market meltdown. So with investors now back in risk-on mode, they appear to be selling shares and moving on again.

And last but not least, the Viva Energy REIT Ltd (ASX: VVR) share price makes the list with its 3.7% decline. It looks as though investors may be concerned that sky high high petrol prices could be impacting the performance of the REIT’s petrol stations and convenience stores.

Need a lift after these declines? Then don't miss out on these top growth shares that have been tipped as potential market-beaters.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended InvoCare 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.

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