Market Overview - The Australian stock market continued its downward trend, with the S&P/ASX 200 dropping 13.70 points, or 0.16%, to 8,585.20, crossing below its 20-day moving average [4] - The broader index has gained 5.22% year-to-date, despite being virtually unchanged over the last five days [4] Company Performance - DroneShield Limited (DRO) experienced a significant decline, losing 11.92% on Wednesday, dropping to $2.475 after a previous surge of 22.17% to $2.81 on Tuesday [4] - Among the top gainers on the S&P/ASX 200, IGO Limited led with a price increase of $0.850, or 12.426%, followed by Liontown Limited, Catalyst Metals Limited, Deep Yellow Limited, and Westgold Resources Limited [2][4] - GrainCorp Limited saw the steepest decline, falling 14.92%, while DroneShield Limited was among the bottom performers [4]
Australian Stock Market continues to see downward trend: ASX 200 drops further as Droneshield loses momentum day after big rise; Check top gainers and losers