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Best and worst stocks on the ASX today

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has posted a fall of 0.83% on Wednesday, more than wiping out yesterday’s gains.

The sell-off on the ASX followed a negative lead from US markets overnight where the Dow Jones closed 0.78% lower, while the S&P 500 dropped 0.9%, following a string of company earnings reports which appeared to disappoint investors.

Locally, investor confidence also took a hit after the Australian Bureau of Statistics released retail spending figures which came in below analysts’ forecasts.

All sectors ended in the red with falls of over 1% recorded in the materials and information technology sectors.

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

  • Kathmandu Holdings Ltd (ASX: KMD) rallied 7.4% to $3.77
  • Skilled Group Ltd. (ASX: SKE) gained 4.2% to $2.74
  • Cover-More Group Ltd (ASX: CVO) climbed 4.1% to $2.29
  • Horizon Oil Ltd (ASX: HZN) added 2.8% to 37 cents
  • Downer EDI Limited (ASX: DOW) rose 2.4% to $5.20

These stocks were the losers on the day:

  • Lynas Corporation Limited (ASX: LYC) slumped 10% to 13.5 cents
  • Resolute Mining Limited (ASX: RSG) dropped 5.6% to 59.5 cents
  • Acrux Limited (ASX: ACR) lost 4.8% to 99 cents
  • Henderson Group plc (ASX: HGG) fell 4.7% to $4.42
  • Sandfire Resources NL (ASX: SFR) declined 4.7% to $5.53

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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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