The All Ordinaries tanked two per cent today to close at 4549, with no sectors spared in the sell-off, highlighted by 45 of the top ASX stocks by market capitalisation finishing the day in the red.
There was the odd pocket of joy though, and today the best Rippers, or biggest percentage gainers, were headed by Empire Oil & Gas (ASX: EGO) with a 26% spike after the company announced terms of a gas sales agreement are being negotiated with Alcoa.
The other Rippers on a subdued day for the small caps. were Enterprise Metals (ASX: ENT) 23%, NSL Consolidated (ASX: NSL) 22%, Buxton Resources (ASX: BUX) 20% and Questus (ASX: QSS) 20%.
The Dippers, or biggest percentage fallers, were everywhere and in everybody’s portfolio, but sold of the most was Prosperity Resources (ASX: PSP) with a 26% south bound move.
Topping the most actively traded stock was Empire Oil & Gas (ASX: EGO) with a massive 220 million shares changing hands, due to the Alcoa negotiations.
The other most heavily traded stocks were Telstra (ASX: TLS) 76 million, Lynas Corporation (ASX: LYC) 54 million, BlueScope Steel (ASX: BSL) 45 million and AMP (ASX: AMP) 32 million.
The stocks with the most actual share trades were BHP Billiton (ASX: BHP) with 17,800, with Westpac (ASX: WBC) 16,400, Rio Tinto (ASX: RIO) 15,200, National Australia Bank (ASX: NAB) 13,100 and Commonwealth Bank (ASX: CBA) 10,900.
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