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.

5 stocks under $5

We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!

*Extreme Opportunities returns as of June 5th 2020

Related Articles...