The Motley Fool

ASX surges higher

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has surged 1.5% to close at 4,881.7, despite weak Australian economic data saw business conditions fall to their worst levels in four years. Most sectors saw positive results, besides Telecommunications, with A-REITs, Information Technology and the financials leading the way.

Here’s the five best performing stocks in the index.

Discovery Metals (ASX:DML) surged 19.4% to close at 18.5 cents, Buru Energy (ASX:BRU) rose 11.9% to $1.50. Silver Lake Resources (ASX:SLR) added 8.3% to finish at 65.5 cents, while fellow gold miners Beadell Resources (ASX:BDR) and Resolute Mining (ASX:RSG) added 5% and 5.7% respectively.

The following stocks were the biggest losers on the day.

Billabong International (ASX:BBG) shares fell off a cliff, losing 15.8% to end at 24 cents, Medusa Mining (ASX:MML) lost 12.1% to close at $1.45 and Mineral Deposits (ASX:MDL) fell 11.4%. Sirius Resources (ASX:SIR) continued its recent slide, losing another 5.1% to finish at $2.03, while Caltex Australia (ASX:CTX) dropped 3.6%, ending at $18.04.

In the market for high yielding ASX shares? Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading


Motley Fool writer/analyst Mike King owns shares in Sirius, Silver Lake and Billabong.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!