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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

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

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