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.

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Motley Fool writer/analyst Mike King owns shares in Billabong.

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