Natural gas explorer and producer Origin Energy (ASX:ORG) is a bottom-performing stock on the S&P/ASX 200 index today, which declined for the eighth day in a row by 0.74% to 8,701.1 points.
Origin’s share price decreased by 5.01% to $12.13, while Matsa Resources (ASX:MAT) was down by 6.41% to $0.073 per unit in the first hour of the Australian Securities Exchange opening for trade.
Mt Malcolm Mines (ASX:M2M) dwindled by 10% to $0.011 per share, while Olympio Metals (ASX:OLY) also reduced by 4.76% to $0.06 per unit.
The index decreased for the eighth day in a row. Between 20 and 21 April the index dwindled by 0.29%. From 22 to 23 April the index fell by between 0.44% and 0.45%. On 24 April the index declined by 0.29%, while on 27 April it slumped by 0.62% to 8,732.1 points.
“The index has lost 2.77% 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: Marcus Reubenstein via Unsplash
