Winners and Losers: SA stocks wade through market uncertainty

In a volatile week on the stock exchange, Adelaide companies rode the ups and downs as gold rallied to all-time highs.

Apr 14, 2025, updated Apr 14, 2025

It was a wild week in which the All Ordinaries traded in a 9 per cent range but closed up 6 points as Trump tariff news hit the Australian stock market.

“The market got a little queasy,” said Baker Young analysts, who noted companies now have 90 days to work through the implications of the tariffs.

Volatility is set to define global markets going forward, the analysts said.

Amid the uncertainty, gold rallied to all-time highs on Friday.

SA gold miner iTech Mienerals also made it into the winners, with the company announcing drilling had commenced at its Scimitar copper-gold prospect.

Mighty Kingdom topped the ladder, rising 50.73 per cent after announcing it would embark on a capital raise.

Should the company raise the intended $3.3 million, it will issue 670 million new shares representing 310 per cent of current issued capital. The new shares will rank equally with existing shares on issue.

Aerometrex also made it into the Winners’ list after penning a new contract with the Queensland Government.

“It is pleasing to be awarded this contract, which builds on the ongoing relationship that Aerometrex developed over a number of years with the Queensland Government,” acting CEO Rob Veitch said.

Stay informed, daily

Orbminco was the biggest loser, having extended the closing date of its entitlement offer, noting it wanted to give shareholders more time amid the market volatility.

The full list of Winners and Losers for the week ended 11 April:

Data courtesy of Baker Young Limited analysts.

Business