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.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

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.