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Best and worst stocks on the ASX at midday

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) is 0.14% higher at noon today, despite a negative lead overnight from Wall Street which saw the Dow Jones sink 0.94% and the S&P 500 decline 0.74% as investors took risk off the table in the face of the Russia-Ukraine stand-off.

On the local market, news that the ACCC has blocked AGL’s acquisition of Macquarie Generation saw the energy retailer’s stock sold down; while the release of Australian Bureau of Statistics’ data showing a strong reading for Building Approvals in January has helped boost building material stocks today.

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

  • Kathmandu Holdings Ltd (ASX: KMD) has risen 3.2% to $3.26
  • BlueScope Steel Limited (ASX: BSL) has gained 2.7% to $6.07
  • Fletcher Building Limited   (ASX: FBU) has added 2.5% to $9.02
  • Seven Group Holdings Ltd (ASX: SVW) has climbed 2.4% to $8.40
  • Alacer Gold Corp (ASX: AQG) is up 2.3% to $3.07

These are the five worst performing stocks at midday today:

  • Envestra Limited (ASX: ENV) is down 8.7% to $1.15
  • Medusa Mining Limited (ASX: MML) has slipped 3.7% to $2.37
  • Wotif.com Holdings Limited (ASX: WTF) has declined 3.1% to $2.48
  • Beadell Resources Ltd (ASX: BDR) has dropped 3% to 81.5 cents
  • AGL Energy Ltd (ASX: AGK) has lost 2.9% to $14.97

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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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