MENU

Best and worst stocks on the ASX at midday

The ASX has started the day lower with the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) down 0.42% at 12:06 pm. The big news on the local market today has been Qantas’ decision to cut 5,000 jobs after reporting a significant first-half loss; weak capital expenditure data also weighed on investors’ minds.

Overnight on Wall Street the major indices spent much of the day in positive territory, before slipping in afternoon trade and closing flat. The US markets appeared to be treading water as they await Federal Reserve Chair Janet Yellen’s testimony before Congress on Thursday.

Here are the top five best performing stocks in the index at midday today:

  • Henderson Group plc (ASX: HGG) has gained 4.5% to $4.66
  • WHITEHAVEN COAL LIMITED  (ASX: WHC) has added 2.9% to $1.83
  • Decmil Group Limited   (ASX: DCG) is up 2.7% to $2.10
  • QBE Insurance Group Ltd (ASX: QBE) has risen 2% to $13.12
  • Lend Lease Group (ASX: LLC) has climbed 2% to $11.36

These are the five worst performing stocks at midday today:

  • Transfield Services Limited (ASX: TSE) has sunk 9.1% to 87.7 cents
  • Regis Resources Limited (ASX: RRL) has tumbled 8.2% to $2.34
  • Qantas Airways Limited (ASX: QAN) has dropped 7.5% to $1.17
  • Northern Star Resources Ltd (ASX: NST) is down 6.4% to$1.17
  • Mt Gibson Iron Limited (ASX: MGX) has slipped 5.5% to 86.5 cents

The top ASX pick you've never heard of...

Top Motley Fool analysts just identified their #1 ASX pick for 2014, a small-cap stock that could be poised for big gains (and offers a fat, fully franked dividend!). Discover all the details now, including the name and code, in this FREE investment report, "The Motley Fool's Top Stock for 2014."

Motley Fool contributor Tim McArthur owns shares in QBE Insurance Group Ltd.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.