Best and worst stocks on the ASX today

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has finished the day up 0.52%, bringing to a close a tepid quarter which has seen the index gain just 0.8%. Monday’s gains follow a positive end to the week on Wall Street last Friday where the Dow Jones added 0.36% and the S&P 500 put on 0.46%.

Much of the action on the ASX today was simply window dressing by fund managers as they adjusted their portfolios before closing the books on the March quarter. Economic news out today included data showing a 4.6% lift in new home sales and a monthly inflation gauge which suggests inflation is creeping up towards the top end of the Reserve Bank of Australia’s target range.

Health care and consumer staples were the only sectors to register falls; all other sectors rallying on Monday.

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

  • Reject Shop Ltd (ASX: TRS)  jumped 7% to $10.14
  • Whitehaven Coal Limited  (ASX: WHC) added 4.7% to $1.65
  • Medusa Mining Limited (ASX: MML) climbed 4.5% to $2.08
  • Ozforex Group Ltd (ASX: OFX) rose 4.4% to $3.30
  • Resolute Mining Limited (ASX: RSG) gained 4.4% to 59.5 cents

These stocks were the losers on the day:

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.