Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has closed up 0.2% at 5,061.5, after early gains were deflated by the news that the federal government wants to impose an insurance levy on bank deposits. That saw the banks heavily sold off around midday, before recovering somewhat into the close.

Meanwhile the Aussie dollar fell below US 90 cents for the first time in three years, on fears of a rate cut next week.

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

  • Ausdrill Limited (ASX:ASL) climbed 6.5% to $1.15
  • Linc Energy (ASX:LNC) also rose 6.5%, finishing at $1.725
  • Mount Gibson Iron (ASX:MGX) gained 5.4% to 59 cents
  • GWA Group (ASX:GWA) added 4.9% to close at $2.58
  • Henderson Group (ASX:HGG) rose 4.7% to $2.90

These stocks were the losers on the day.

  • Alacer Gold (ASX:AQG) dropped 8.9% to $2.56
  • Silver Lake Resources (ASX:SLR) fell 6.8% to 75.5 cents
  • Horizon Oil (ASX:HZN) also lost 6.8% to 34.5 cents
  • Cochlear Limited (ASX:COH) slid 4.8% to $58.15
  • Pacific Brands (ASX:PBG) closed down 4.2% at 79 cents

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Motley Fool writer/analyst Mike King owns shares in Silver Lake and Cochlear.

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