Day one of the Diggers & Dealers Mining Forum in Kalgoorlie has started on a somewhat sour note as the S&P/ASX200 is 2.28% lower today (5 August 2024) amid US recession fears and weak jobs data.
As more than 2,600 delegates make their way to the Goldfields Art Centre for the three-day mining conference – now in its 33rd year – the S&P/ASX200 had dropped 180.80 points to 7,762.40, crossing below its 20-day moving average.
The bottom performing stocks in this index are again uranium miners Deep Yellow (ASX:DYL) and Boss Energy (ASX:BOE), down 19.23% and 12.88% respectively. Both companies are exhibiting at Diggers, and Boss Energy CEO Duncan Craib will be presenting tomorrow at 9.25am.
The S&P/ASX200 on Friday last week closed sharply lower, slipping 171.50 points to 7,943.20, as reported by Mining.com.au. Deep Yellow and Boss Energy were the bottom performing companies then too, down 19.23% and 12.88% respectively.
The index has lost 2.01% for the last five days, but sits 4.74% below its 52-week high.
Prior to the market opening, futures trading had the S&P/ASX200 down about 1.5% on opening, after the heavy losses on Wall Street and across Europe and Asia on Friday.
Diggers & Dealers is being held in Kalgoorlie, Western Australia from 5-7 August. Mining.com.au is attending this year’s forum.
Write to Adam Orlando at Mining.com.au
Images: Stock & ASX
