Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) ran out of steam around midday after rising 1.3%, sliding into the close, before managing to pick itself up off the canvas with a final rally and end up 0.4% at 4,901.4. China trade data released today showed an unexpected decline and a slowdown would have a negative effect on Australia’s economy.

Here are the top five best performing stocks in the index.

Bradken Limited (ASX:BKN) gained 7.2% to hit $4.76, with Energy World Corporation (ASX:EWC) rising 5.9% to end at 45 cents. Mount Gibson Iron (ASX:MGX) added 5.9% to end at 54.5 cents, while Linc Energy (ASX:LNC) climbed 5.6% to finish at $1.13. Gold miner Resolute Mining (ASX:RSG) added 5.4%, finished at 59 cents.

These stocks were the losers on the day.

Billabong International (ASX:BBG) dropped more than 10%, to close at 21.5 cents, Fleetwood Corporation (ASX:FWD) also fell by more than 10%, to finish at $4.13. Copper miner Discovery Metals (ASX:DML) lost 8.1% to close at 17 cents. Another copper miner, Cudeco (ASX:CDU), fell 6.3% to $1.72 while mining services company Emeco Holdings (ASX:EHL) dropped 4.2% to finish at 23 cents.

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 Billabong.

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.