Gold explorer and producer Catalyst Metals (ASX:CYL) is a bottom-performing stock on the S&P/ASX 200 index today, which declined for the 10th day in a row by 0.4% to 8,652.1 points.
Catalyst’s share price decreased by 6.46% to $5.65, while Savannah Goldfields (ASX:SVG) was down by 12% to $0.011 per unit in the first hour of the Australian Securities Exchange opening for trade.
Dragon Mountain Gold (ASX:DMG) fell by 11.11% to $0.008 per share, while Westgold Resources (ASX:WGX) also reduced by 7.97% to $5.43 per unit.
The index fell for the 10th consecutive day. After a 0.29% decline between 20 and 21 April, it dropped a further 0.44%–0.45% from 22 to 23 April. A 0.29% fall on 24 April was followed by a sharper slump of 0.62% on 27 April, taking the index to 8,732.1 points. Losses continued on 28 April (–0.74% to 8,701.1) and 29 April (–0.47% to 8,670).
“The index has lost 1.66% for the last five days but is virtually unchanged year-to-date,” the ASX markets website says.
As Mining.com.au previously reported, the index reported a third year of “positive returns” during 2025 despite “some concerns about the state of the world”.
“Big option trades using longer-dated contracts we found in January appear to be looking for continuation of this upward trend in 2026,” the ASX says.
Analysts agree that it has been a “soft week” of underperforming shares.
“One side of it is quite domestic in nature, the other side of it is obviously markets discounting potential growth risks because of the war in the Middle East,” Capital.com senior market analyst Kyle Rodda tells the Australian Associated Press.
“Overall, we are underperforming and certainly not duplicating the record highs that we have seen clocked up on Wall Street,” he adds, according to the newswire agency.
Write to Richard Szabo at Mining.com.au
Images: Australian Securities Exchange via Facebook
