Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has close down slightly, dropping just 0.2% to end at 5,238.1, as investors await the outcome of the two-day US Federal Reserve meeting. Chairman Ben Bernanke is widely expected to announce a cut of around US$5-10 billion in quantitative easing, from its current level of US$85 billion per month.

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

These stocks were the losers on the day.

  • Paladin Energy (ASX: PDN) dropped 6.4% to 51 cents
  • Northern Star Resources (ASX: NST) fell 5.4% to 79 cents
  • Decmil Group (ASX: DCG) lost 5.3% to $2.48
  • Evolution Mining (ASX: EVN) slipped 5.3% to 80 cents
  • Ten Network Holdings (ASX: TEN) closed down 4.8% at 30 cents

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Motley Fool writer/analyst Mike King owns shares in TPG Telecom and Sirius Resources.

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