Best and worst stocks on the ASX at midday

The ASX has started the week with a move higher. At midday the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) was showing a gain of 0.16%. The positive start is somewhat surprising given the sell-off US stocks experienced on Friday, where the Dow Jones and S&P 500 both lost around 0.8%, and the tech heavy Nasdaq dropped 1.7%.

Heightened tensions in the Ukraine have added to investor nervousness, however a takeover offer for food manufacturer Goodman Fielder and a drop in the Australian dollar appears to have buoyed local investor confidence this morning.

Here are five of the best performing stocks in the index in mid-morning trade today:

  • Goodman Fielder Ltd (ASX: GFF) has soared 18.5% to 65 cents
  • Newcrest Mining Limited (ASX: NCM) has rallied 5.1% to $10.77
  • Evolution FPO (ASX: EVN) has jumped 5% to 94.5 cents
  • Beadell Resources Ltd (ASX: BDR) has climbed 3.8% to 69 cents
  • Medusa Mining Limited (ASX: MML) has gained 2.6% to $1.96

 These are five of the worst performing stocks in mid-morning trade today:

  • Acrux Limited (ASX: ACR) has plunged 26.7% to $1.21
  • Karoon Gas Australia Limited (ASX: KAR) is down 5.8% to $2.74
  • Magellan Financial Group Ltd (ASX: MFG) has dropped 3.3% to $12.61
  • Lynas Corporation Limited (ASX: LYC) has fallen 2.7% to 18 cents
  • Domino’s Pizza Enterprises Ltd. (ASX: DMP)  has declined 2.6% to $20.11

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Motley Fool contributor Tim McArthur owns shares in Goodman Fielder Ltd.

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