Shares of South32 Ltd slid 4.1% to finish at A$4.41 on Friday, caught up in the risk-off move that dragged Australian miners lower. The stock moved within a range of A$4.37 to A$4.51, ending the session down 19 cents from Thursday's A$4.60 close.
Shares of South32 Ltd jumped 6.3% on Wednesday, closing at A$4.80—the highest level in three years. Miners helped lift the Australian market by the session’s end. The S&P/ASX 200 index rose 0.8%.
South32 Ltd shares slipped 0.23% to close at A$4.39 on Friday, retreating after a strong 5.26% jump the day before that pushed the stock close to its 52-week peak. On Thursday, shares had risen to A$4.40.
South32 Ltd finished Wednesday steady at A$3.96, after drifting down from an intraday high of A$4.03. Around 18.6 million shares traded hands. The stock has gained roughly 12% year-to-date and touched a January peak of A$4.04 just the day before, according to price data.