The S&P / ASX 200 Index (^AXJO) (XJO.AX) ran out of steam around midday after rising 1.3%, sliding into the close, before managing to pick itself up off the canvas with a final rally and end up 0.4% at 4,901.4. China trade data released today showed an unexpected decline and a slowdown would have a negative effect on Australia’s economy.
Here are the top five best performing stocks in the index.
Bradken Limited (BKN.AX) gained 7.2% to hit $4.76, with Energy World Corporation (EWC.AX) rising 5.9% to end at 45 cents. Mount Gibson Iron (MGX.AX) added 5.9% to end at 54.5 cents, while Linc Energy (LNC.AX) climbed 5.6% to finish at $1.13. Gold miner Resolute Mining (RSG.AX) added 5.4%, finished at 59 cents.
These stocks were the losers on the day.
Billabong International (BBG.AX) dropped more than 10%, to close at 21.5 cents, Fleetwood Corporation (FWD.AX) also fell by more than 10%, to finish at $4.13. Copper miner Discovery Metals (DML.AX) lost 8.1% to close at 17 cents. Another copper miner, Cudeco (CDU.AX), fell 6.3% to $1.72 while mining services company Emeco Holdings (EHL.AX) dropped 4.2% to finish at 23 cents.
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Motley Fool writer/analyst Mike King owns shares in Billabong.