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Market:ASX 200
Sector:Investments and Funds
EPIC:XJO
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Proactive Investors brings you a summary of some of the major stories on the Australian Securities Exchange.

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Silver Swan Group and Botswana Metals top the Proactive Investors Rippers today

Wednesday, April 27, 2011 by John Phillips
Silver Swan Group and Botswana Metals top the Proactive Investors Rippers today

The benchmark All Ordinaries had a strange day where the index opened higher, and then tracked downwards for the entire day, ignoring strong overnight equity leads from the U.S. and Europe.

The index finished almost one per cent weaker, losing 44 points to 4952.

Of the top 50 stocks by market capitalisation, 13 ended the day in the green, with 33 in the red and four closing unchanged.

On the markets, the Proactive Investors Rippers, or biggest market gainers were lead by Silver Swan Group (ASX: SWN) with a 24% jump as the company kicked off a gold exploration program near Meekatharra.

Other stocks on the rise included Botswana Metals (ASX: BML) 24%, Argent Minerals (ASX: ARD) 24%, Sultan Corporation (ASX: SSC) 23% and West Peak Iron (ASX: WPI) 22%.

The Dippers, or biggest percentage fallers, were lead by Axiom Mining (ASX: AVQ) with a 29% drop as the company secured some funding.

Other stocks out of favour with investors and heading south included Lion Energy (ASX: LIO) 26% and Vmoto (ASX: VMT) 23%.

Topping the most actively traded stocks was Sultan Corporation (ASX: SSC) with 236 million shares traded, although there was no price sensitive announcement to help explain the sudden investor interest.

Other actively traded stocks included Gold Anomaly (ASX: GOA) 123 million, Axiom Mining (ASX: AVQ) 82 million, Goodman Group (ASX: GMG) 61 million and Golden Gate Petroleum (ASX: GGP) 57 million.

The usual big blue chips controlled the most share trades on the day, with BHP Billiton (ASX: BHP) having 22,900 share 'parcels' traded, followed by Newcrest Mining (ASX: NCM) with 15,700, Commonwealth Bank (ASX: CBA) 13,900, Rio Tinto (ASX: RIO) 13,800 and Woodside Petroleum (ASX: WPL) 13,500.


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