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.