Winners and Losers: Few gainers as silver sheds
The list of South Australian stock market Winners was slim this week, with the average of the InDaily index sliding significantly.
Just three of 59 companies tracked by InDaily’s Winners and Losers column rose this week – all experiencing single-digit growth – amid a broader bash to the SA index.
It came amid a volatile week for markets globally, as the selloff in AI and software stocks intensified.
Commodity prices were volatile, particularly silver, which shed a dramatic 47 per cent from last week’s record highs.
Gold is also more than 15 per cent below last week’s historic peak.
It means the mining companies that usually dominate the Winners list were hit by the volatile market conditions.
The only companies that rose over the five trading days were Stelar Metals, Korvest and Aerometrex – all rising by between two and four per cent.
Stelar Metals rose on drilling results for a silver deposit it is exploring, despite the broader silver market selloff.
Meanwhile, Investigator Silver fell by 28 per cent, but the company remains up a huge 284.62 per cent for the past year.
Iondrive was the week’s biggest Loser, down 30 per cent after exiting a trading halt.
Stay informed, daily
The full list of Winners and Losers for the week ended February 6:
Data via Baker Young Limited analysts.
