Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has dropped 0.1% to finish at 5,105.6, despite the Reserve Bank cutting the official cash rate as expected, by 0.25%, and three of the four major banks announcing that they would pass on the rate in full or more. The gold sector was the worst performer, losing 3.5%, while the A-REIT (property trust) sector gained 1.9%.

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

  • Atlas Iron Limited (ASX:AGO) jumped 5.4% to 88.5 cents
  • GPT Group (ASX:GPT) gained 4.5% to $3.70
  • Independence Group (ASX:IGO) rose 4.4% to $3.60
  • Billabong International (ASX:BBG) added 3.5% to 44.5 cents
  • Mirvac Group (ASX:MGR) climbed 3.5% to $1.65

These stocks were the losers on the day.

  • Resolute Mining (ASX:RSG) dropped 10.8% to 70.5 cents
  • Flight Centre (ASX:FLT) lost 5.7% to $43.74
  • Silver Lake Resources (ASX:SLR) fell 5.4% to 70 cents
  • Evolution Mining (ASX:EVN) closed down 5.3% at 80.5 cents
  • Virgin Australia Holdings (ASX:VAH) slipped 4.6% to 41.5 cents

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Motley Fool writer/analyst Mike King owns shares in Silver Lake Resources and Flight Centre.

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