Best and worst stocks on the ASX today

So much for the ‘Santa rally’.

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has finished the week down, losing 0.2% to close at 5,186. That takes this week’s performance to -2.5%, as investors likely fear that the US Federal Reserve will begin tapering its quantitative easing program earlier than expected. Overnight, US stockmarkets fell with both the Dow Jones and the S&P 500 losing 0.4%.

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

These stocks were the losers on the day.

  • Transfield Services (ASX: TSE) dropped 7.8% to $1.00
  • Oceana Gold Corp (ASX: OGC) lost 4.7% to $1.615
  • Qantas Airways (ASX: QAN) fell 3.7% to $1.03
  • Arrium (ASX: ARI) ex-OneSteel slipped 3.7% to $1.585
  • Flight Centre Travel (ASX: FLT) closed down 3% at $46.00

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Motley Fool writer/analyst Mike King owns shares in Flight Centre. You can follow Mike on Twitter @TMFKinga

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