Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has dropped 0.5% to close at .5,075.7 after the US Federal Reserve members said they were comfortable with Ben Bernanke’s plan to taper quantitative easing this year. US market dropped as a result overnight with the timing of tapering still unclear and the ASX followed suit.

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

  • Discovery Metals (ASX:DML) rocketed up 46.9% to 23.5 cents
  • Decmil Group (ASX:DCG) climbed 9.8% to $2.25
  • Ardent Leisure Group (ASX:AAD) rose 7.7% to $1.82
  • Ten Network Holdings (ASX:TEN) added 6.9% to 31 cents
  • AWE Limited (ASX:AWE) closed up 6.3% at $1.36

These stocks were the losers on the day.

  • Atlas Iron (ASX:AGO) dropped 10.2% to 83.5 cents
  • Magellan Financial Group (ASX:MFG) lost 9.3% to $10.60
  • SMS Management & Technology (ASX:SMX) fell 8.4% to $4.67
  • Medusa Mining (ASX:MML) slipped 8.1% to $2.50
  • Resolute Mining (ASX:RSG) closed down 7.9% at 93 cents

Interested in our #1 dividend-paying stock? Discover The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

More reading

Motley Fool writer/analyst Mike King doesn’t own shares in any companies mentioned.

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.