Winners and Losers: Adelaide shares slide in a nervous week
Nearly half of Adelaide’s listed companies recorded declines last week ahead of what’s expected to be a volatile five days for traders.
30 of the 67 listed companies this column tracks saw their share prices fall in the past five trading days.
More broadly, global and Australian markets broke a five-month winning streak with modest losses during October.
Baker Young Limited analysts said nervousness has crept into markets ahead of Tuesday’s US election.
The result will have global stock market implications; locally, the RBA Interest Rate decision could compound the effect on the ASX.
The US Federal Reserve Meeting is also scheduled for Tuesday, while domestically the AGM season rolls on.
Last week, Archer Materials and Woomera Mining took out equal first on the Winners list after both rose by 25 per cent.
Archer – a deep tech company developing components for quantum computing – announced one of its projects hit a key milestone, while Woomera Mining completed a $1.9 million raise.
Other winners included Otto Energy which announced it completed a gas well. Indiana Resources also made it into the top five, as did Jade Gas Holdings.
Two companies tied for the top Loser of the week: LBT Innovations and Whitebark Energy. Both fell 12.50 per cent.
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The full list of Winners and Losers for the week ended 1 November:
