Uranium development and exploration company Deep Yellow (ASX:DYL) is a top-performing stock on the S&P/ASX 200 index today, which rose for the second day in a row by 0.08% to 8,621 points.
Deep Yellow shares increased by 4.6% to $1.80 apiece within the first hour of the Australian Securities Exchange opening for trade.
Copper, zinc, lead, and silver multinational Newmont (ASX:NEM) slightly rose by 0.2% to $156.71 per share. Fellow copper, zinc, lead, silver, and aluminium producer South32 (ASX:S32) was also up by 0.7% to $4.21 a share.
The index earlier rose on 17 March by 0.19% to 8,599.80 points. It followed three prior days (12 March, 13 March, and 16 March) of 0.37%, 0.31%, and 1.26% declines to 8,602.50, 8,633.70, and 8,584.90 points, respectively.
“Over the last five days the index has lost 1.4% and 9.68% over the last 52 weeks,” 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 say the share price declines follow both the US and Israeli governments’ military strikes against Iran. ATFX Global Chief Market Strategist Nick Twidale warns Australia could still see a “real downturn” if the US-Israel-Iran conflict continues for “too long”.
Write to Richard Szabo at Mining.com.au
Images: Marcus Reubenstein via Unsplash
