Best and worst stocks on the ASX today

ASX drops 0.2% as RBA downgrades its economic forecast

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The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has dropped 0.2%, finishing at 5,055.2, after the RBA downgraded its economic forecasts for Australia, and warning that consumer sentiment may remain weak and could stall economic growth.

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

  • St Barbara Limited (ASX:SBM) climbed 6.8% to 47 cents
  • Lynas Corporation (ASX:LYC) added 6.7% to 40 cents
  • Fortescue Metals Group (ASX:FMG) rose 5.5% to $4.01
  • Iress Limited (ASX:IRE) gained 5.2% to $8.70
  • Perseus Mining (ASX:PRU) closed up 5% at 53 cents

These stocks were the losers on the day.

  • Transfield Services (ASX:TSE) dropped 4.9% to 87.5 cents
  • Flight Centre (ASX:FLT) fell 4.4% to $42.40
  • Fairfax Media (ASX:FXJ) lost 3.8% to 51 cents
  • Myer Holdings (ASX:MYR) slipped 3.4% to $2.59
  • Flexigroup (ASWX:FXL) closed down 3.3% at $4.36


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Motley Fool writer/analyst Mike King owns shares in Flight Centre and Fairfax Media.

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