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.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.