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Best and worst stocks on the ASX today

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has finished the day up 0.31% at 5,480. Earlier in the day the market rallied above the 5,500 level, marking a milestone not seen since mid-2008.

Today’s gains follow a positive session overnight on Wall Street where the Dow Jones gained 1.11% and the S&P 500 rose 1.09%, following the release of minutes from the Federal Reserve which boosted investor confidence.

Economic news driving the market today included, the Australian dollar hitting a five-month high with the currency buying just over US94 cents and figures released by the Australian Bureau of Statistics that showed the unemployment rate fell 0.2% to 5.8% in March.

A sell-off amongst the major mining stocks pushed the materials sector lower; the energy sector also fell. All other sectors gained with property the biggest gainer, rising 1%.

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

  • Wotif.com Holdings Limited (ASX: WTF) rallied 6.6% to $2.73
  • Regis Resources Limited  (ASX: RRL) jumped 6.4% to $2.65
  • TPG Telecom Ltd (ASX: TPM) climbed 5.2% to $6.28
  • Lynas Corporation Limited (ASX: LYC) rose 5.1% to 20.5 cents
  • Sirius Resources N.L. (ASX: SIR) gained 4.9% to $2.56

These stocks were the losers on the day:

  • Mount Gibson Iron Limited (ASX: MGX) fell 6.2% to 82.5 cents
  • Myer Holdings Ltd (ASX: MYR) lost 4.2% to $2.29
  • Acrux Limited (ASX: ACR) dropped 3.6% to $1.73
  • G8 Education Ltd (ASX: GEM) declined 3% to $4.49
  • Ozforex Group Ltd (ASX: OFX) slipped 2.6% to $3.02

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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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