SA Stock Market Surges Amid Energy Boom, Despite Global Turmoil
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Australias stock market experienced a volatile week, with local energy players like H3 Energy and Jade Gas surging amid rising interest rates and a global energy crunch. However, broader commodity prices, including gold and metals like aluminum, zinc, and copper, saw significant drops. The Aussie dollar bucked the trend, closing stronger. Big losers included PTR Minerals and Vintage Energy, with mid-cap stocks shedding almost four percent overall. The ASX two hundred dipped two percent for the week and eight percent so far this month, indicating a challenging period for many listings.
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