Winners and Losers: SA index sluggish in last week of the financial year
More South Australian companies on the bourse declined than those that rose in the final week of a choppy financial year.
Only 18 SA stocks advanced compared to 35 declines during the last full week of trading of FY25.
It capped off another wild week of geopolitical noise, but an apparent Israel-Iran détente had investors breathing better.
The ASX200 Index rose 0.1 per cent for the week, and would have closed even higher but for Friday’s 0.43 per cent drop on profit taking, Baker Young analysts said.
There was also a reversal of sectoral performance with bank stocks – led by Commonwealth Bank – sold and underperforming resource stocks were bought up big.
“The rotation from winners to losers (FY25 basis) was evident not only in sectoral moves but at a stock specific level also. Dogs of the Dow theory perhaps, and Friday marked the first day of trade where settlement won’t occur until the new financial year (cash basis),” analysts said.
On a stock-by-stock basis, there was little news in SA. Iondrive was the top winner, rising 46.43 per cent in the week, and up more than 350 per cent for the year.
Resolution Minerals was another winner, up 29.27 per cent.
Mighty Kingdom – now called Fortifai – announced an upsized placement to fund growth and rose by 28.57 per cent. It is down 61.24 per cent on a year-on-year basis though.
Very little news from the Losers, except from Iron Road which announced a new deal giving it exposure to a rare earths project near Tarcoola in SA.
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The full list of Winners and Losers for the week ended 27 June, 2025:
Data via Baker Young Limited analysts.
