Last week was a very volatile one for the
S&P/ASX 200 Index (ASX: XJO). However, despite a poor finish to the period, the benchmark index recorded a weekly gain of 0.6% to end at 6,710.8 points.
Four ASX shares that were unable to follow the index higher last week are listed below. Here’s why they were the worst performers on the ASX 200:
The IDP Education share price was the worst performer on the ASX 200 last week with a 13.6% decline. This appears to have been driven by a number of factors. One of those was its shares trading ex-dividend for its interim dividend on Thursday. In addition to this, profit taking after some very strong gains appears to have weighed on its shares. Especially given the concerns about rising bond yields.