MENU

Best and worst stocks on the ASX today

After being around 1% lower earlier in the day, the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) regained some lost ground during the afternoon to finish the session down 0.5%.

The local market’s fall follows a late session sell-off overnight on Wall Street which saw the Dow Jones close down 0.6%, while the S&P 500 ended 0.7% lower.

In local economic news, traders latched on to positive comments by the Governor of Reserve Bank of Australia Mr Glenn Stevens to drive the Australian dollar higher.

The energy sector was the only sector to buck the trend today, gaining 0.16%. All other sectors fell with consumer discretionary, information technology, materials and utilities all declining by more than 1% each.

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

  • Lynas Corporation Limited (ASX: LYC) soared 25% to 22.5 cents
  • Karoon Gas Australia Limited (ASX: KAR) rallied 5.8% to $2.57
  • TPG Telecom Ltd (ASX: TPM) gained 2.6% to $6.32
  • Mount Gibson Iron Limited (ASX: MGX) rose 2.4% to 84.5 cents
  • Nufarm Limited (ASX: NUF) added 2.3% to $4.00

These stocks were the losers on the day:

  • Navitas Limited (ASX: NVT) sunk 7.5% to $6.93
  • Paladin Energy Ltd (ASX: PDN) lost 6.1% to 46.5 cents
  • Resolute Mining Limited (ASX: RSG) dropped 5.2% to 54.5 cents
  • Evolution FPO (ASX: EVN) fell 5.2% to 82.5 cents
  • Northern Star Resources Ltd (ASX: NST) declined 5.1% to $1.11

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 does not own shares in any of the companies mentioned in this article.

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.