ASX surges higher

RELATED QUOTES

SymbolPriceChange
BBG.AX0.445-0.0050
BDR.AX0.645+0.0300
BRU.AX1.245+0.0350
CTX.AX22.71+0.450
DML.AX0.028-0.0010

The S&P / ASX 200 Index (^AXJO) (XJO.AX) has surged 1.5% to close at 4,881.7, despite weak Australian economic data saw business conditions fall to their worst levels in four years. Most sectors saw positive results, besides Telecommunications, with A-REITs, Information Technology and the financials leading the way.

Here?s the five best performing stocks in the index.

Discovery Metals (DML.AX) surged 19.4% to close at 18.5 cents, Buru Energy (BRU.AX) rose 11.9% to $1.50. Silver Lake Resources (SLR.AX) added 8.3% to finish at 65.5 cents, while fellow gold miners Beadell Resources (BDR.AX) and Resolute Mining (RSG.AX) added 5% and 5.7% respectively.

The following stocks were the biggest losers on the day.

Billabong International (BBG.AX) shares fell off a cliff, losing 15.8% to end at 24 cents, Medusa Mining (MML.AX) lost 12.1% to close at $1.45 and Mineral Deposits (MDL.AX) fell 11.4%. Sirius Resources (SIR.AX) continued its recent slide, losing another 5.1% to finish at $2.03, while Caltex Australia (CTX.AX) dropped 3.6%, ending at $18.04.

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Motley Fool writer/analyst Mike King owns shares in Sirius, Silver Lake and Billabong.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9289-0.0076-0.82%
    AUDUSD=X
    0.5535-0.0031-0.56%
    AUDGBP=X
    0.6723-0.0061-0.90%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg