Best and worst stocks on the ASX today

The market posted another fall today, led by weakness in retail stocks after Reject Shop Ltd (ASX: TRS) issued a downgrade to profit expectations. At the close, the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) was down 0.42%. Overnight the Dow Jones was down 1.07%, while the S&P 500 declined 0.89%, pulled down by data suggesting China’s manufacturing sector is slowing.

On the local bourse, sectors were mixed, with the gold sector rallying 2.5%, while consumer discretionary and information technology posted falls of 1.45% and 1.3% respectively.

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

  • Mount Gibson Iron Limited  (ASX: MGX) climbed 8.3% to $1.04
  • Evolution FPO  (ASX: EVN) added 4.2% to 62 cents
  • Newcrest Mining Limited  (ASX: NCM) rose 3.8% to $9.48
  • Resolute Mining Limited  (ASX:RSG) gained 3.6% to 57.5 cents
  • Southern Cross Media Group Ltd (ASX: SXL) closed up 3.4% to $1.67

These stocks were the losers on the day.

  • Reject Shop Ltd (ASX: TRS) plunged 32% to $11.50
  • Beadell Resources Ltd (ASX: BDR) dropped 11.3% to 71 cents
  • Northern Star Resources Ltd (ASX: NST) tumbled 10.1% to 89 cents
  • JB Hi-Fi Limited (ASX: JBH) fell 5.7% to $18.29
  • ResMed Inc (ASX:RMD) closed down 4.9% to $5.00

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Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

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