Best and worst stocks on the ASX today

ASX continues its downwards march, losing 0.8%

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The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has continued its downward fall, losing 0.8% today, despite strong rises on overseas markets on Friday. The Dow Jones Industrial Average soared 1.3%, while the S&P 500 rose 1.1%.

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

  • TPG Telecom (ASX: TPM) soared 13.6% to $4.68
  • Whitehaven Coal (ASX: WHC) rose 5.9% to $1.975
  • Independence Group (ASX: IGO) gained 4.5% to $3.04
  • Sigma Pharmaceuticals (ASX: SIP) added 4.4% to 60 cents
  • Metcash (ASX: MTS) climbed 4.3%

These stocks were the losers on the day.

  • QBE Insurance (ASX: QBE) slumped by 22.3% to $12.00
  • Forge Group (ASX: FGE) dropped 8.5% to 54 cents
  • St Barbara (ASX: SBM) fell 7.3% to 25.5 cents
  • Fairfax Media (ASX: FXJ) lost 4.4% to 65 cents
  • Sirius Resources (ASX: SIR) slipped 4.4% to $1.97
Motley Fool writer/analyst Mike King owns shares in TPG Telecom, Forge Group and Sirius Resources. You can follow Mike on Twitter @TMFKinga

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