The S&P/ASX 200 index decreased by 0.98% to 8,658.6 points today, with gold producers Dateline Resources (ASX:DTR) and Nagambie Resources (ASX:NAG) among the low-performing stocks.
Dateline’s share price fell by 12.5% to $0.21, while Nagambie declined by 8.33% to $0.011 per unit in the first hour of trading on the Australian Securities Exchange.
Aruma Resources (AAJ) tumbled by 7.69% to $0.012 per unit while Terra Metals (ASX:TM1) dwindled by 3.03% to $0.32 per share.
The index had earlier recovered for the first time on 1 May, ending an 11-day losing streak. 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 (down 0.74% to 8,701.1), 29 April (down 0.47% to 8,670), and 30 April (down 0.4% to 8,652.1 points).
“The index has lost 0.44% 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 “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 the Iran-Israel conflict has created significant investor uncertainty across the ASX index.
”We are obviously still underperforming our other global counterparts, despite what has otherwise been a pretty good week,” Capital.com senior market analyst Kyle Rodda tells the Australian Associated Press.
Write to Richard Szabo at Mining.com.au
Images: Australian Securities Exchange via Facebook
