Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has ended up slightly, following overseas market leads, finishing at 4,981.1 just 0.1% higher. In the US on Friday, the Dow Jones was flat, while the S&P 500 had a late surge to finish up 0.3%.

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

  • Linc Energy (ASX:LNC) climbed 26.2% to $1.735, after announcing a new production well was established in Galveston Bay, Texas, amidst upbeat drilling results. Linc shares have now more than doubled since the end of June.
  • Billabong international (ASX:BBG) added 10.9% to 25.5 cents
  • Emeco Holdings (ASX:EHL) added 10.2% to finish at 27 cents.
  • Gold miner St Barbara (ASX:SBM) rose 9.8% to 61.5 cents.
  • Sundance Resources (ASX:SDL) added 5.2% to finish at 8.1 cents.

These stocks were the losers on the day.

  • Treasury Wine Estates (ASX:TWE) lost 12.2%, to close at $5.11, after the company announced a $160 million writedown on its excess, aged and deteriorating US inventory.
  • Gold miners were hit hard, with Medusa Mining (ASX:MML) down 4.7%, , Regis Resources (ASX:RRL) dropping 4.5% and Australia’s largest gold miner Newcrest Mining (ASX:NCM) falling 3.8% to $11.63.
  • Sigma Pharmaceuticals (ASX:SIP) was also amongst the losers, sliding 3.9% to 75 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now