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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

5.04%

ABG.AX

-2.66%

ASK.AX

-1.4%

AGL.AX

-0.29%

A1M.AX

2.31%

AGI.AX

6.79%

AIZ.AX

-1.37%

AAI.AX

2.34%

ALK.AX

3.89%

A4N.AX

10.14%

ALQ.AX

0.08%

AMC.AX

-1.27%

AOV.AX

-1.57%

AMP.AX

AEL.AX

0.29%

ALD.AX

0.24%

ANN.AX

-0.86%

ANZ.AX

-0.34%

APA.AX

0.15%

ARU.AX

2.83%

ARB.AX

0.05%

ARF.AX

-1.09%

ARG.AX

-0.56%

ALL.AX

0.36%

AYA.AX

-3.43%

APZ.AX

-3.71%

ASX.AX

1.43%

ALX.AX

1.93%

AUB.AX

0.27%

AIA.AX

-0.73%

AMI.AX

3.33%

AZJ.AX

-0.36%

ABB.AX

3.54%

ASB.AX

-2.24%

AAC.AX

AFI.AX

-0.15%

AUI.AX

-0.36%

BOQ.AX

-0.64%

BMN.AX

2.11%

BCI.AX

0.71%

BPT.AX

0.69%

BGA.AX

-1.63%

BGL.AX

1.64%

BEN.AX

0.24%

BHP.AX

0.61%

BKI.AX

0.84%

BC8.AX

0.43%

XYZ.AX

2.57%

BSL.AX

-1.45%

BMC.AX

-0.63%

BOE.AX

2.73%

BXB.AX

0.57%

BVS.AX

3.88%

BRE.AX

-0.91%

BRG.AX

-0.1%

BGP.AX

BFL.AX

0.48%

BWP.AX

-0.4%

CMM.AX

0.99%

CSC.AX

-0.33%

CAR.AX

3.22%

CIN.AX

CYL.AX

1.73%

CAT.AX

9.64%

CWP.AX

-1.04%

CNI.AX

-3.71%

CIP.AX

-0.84%

COF.AX

-1.09%

CHN.AX

1.04%

CGF.AX

0.68%

CIA.AX

-2.36%

CHI.AX

CHC.AX

-0.54%

CLW.AX

-1.45%

CQR.AX

-1.99%

CQE.AX

-1.59%

CNU.AX

-1.24%

C79.AX

0.33%

CVL.AX

1.16%

CU6.AX

-3.01%

CWY.AX

-0.44%

CBO.AX

-0.49%

COH.AX

0.13%

CDA.AX

-0.54%

COL.AX

-0.3%

CKF.AX

-4.65%

CBA.AX

-1.21%

CPU.AX

1.16%

CEN.AX

0.5%

CXO.AX

2.54%

CCP.AX

0.98%

CMW.AX

-3.98%

CSL.AX

-2.4%

CCL.AX

-0.42%

DBI.AX

-0.72%

DTL.AX

4.43%

DTR.AX

-2.78%

DYL.AX

1.42%

DRR.AX

-0.22%

DVP.AX

2.61%

DXS.AX

-0.89%

DXI.AX

-1.05%

DDR.AX

3.96%

DGT.AX

-3.41%

DJW.AX

0.71%

DMP.AX

-1.61%

DOW.AX

-0.49%

DPM.AX

3.78%

DRO.AX

-9.14%

DUR.AX

1.57%

DNL.AX

-1.99%

APE.AX

-1.72%

EBO.AX

-2.24%

EIQ.AX

4.81%

ELD.AX

-1.17%

EOS.AX

5.93%

ELV.AX

-1.51%

ELS.AX

-4.6%

EHL.AX

-0.47%

EMR.AX

EDV.AX

-0.69%

ERA.AX

EQR.AX

-4.35%

EUR.AX

-2.58%

EVN.AX

2.97%

EVT.AX

-3.1%

FCL.AX

-7%

FFM.AX

5.15%

FPH.AX

-2.57%

FPR.AX

-0.7%

FBU.AX

-0.76%

FLT.AX

-0.32%

FML.AX

2.81%

FRS.AX

-4.39%

FMG.AX

0.9%

FRW.AX

FGX.AX

1.51%

FGG.AX

0.91%

GLN.AX

0.98%

GLF.AX

-4.73%

GDG.AX

1.35%

GNE.AX

GMD.AX

1.62%

GNP.AX

5.21%

GMG.AX

0.03%

GPT.AX

-1.34%

GQG.AX

-1.21%

GNG.AX

1.72%

GNC.AX

0.41%

GGP.AX

1.39%

GOZ.AX

-1.6%

GCI.AX

0.98%

GYG.AX

3.87%

GWA.AX

-0.93%

HSN.AX

1.29%

HVN.AX

-0.87%

HGH.AX

HM1.AX

2.11%

HLI.AX

-3.83%

HMC.AX

0.16%

HDN.AX

-0.6%

HUB.AX

2.47%

IEL.AX

6.05%

IGO.AX

2.3%

ILU.AX

-1.39%

IMD.AX

0.49%

IMR.AX

-1.42%

IFT.AX

-1.37%

INA.AX

-0.39%

ING.AX

-0.24%

IAG.AX

0.07%

IDX.AX

IPG.AX

-1.76%

IPX.AX

1.29%

IPH.AX

1.32%

IRE.AX

2.83%

JHX.AX

1.27%

JBH.AX

0.17%

JDO.AX

-2.4%

JMS.AX

0.94%

KAR.AX

1.41%

KLS.AX

-2.89%

KCN.AX

4.11%

KKC.AX

GLS.AX

1.46%

LGF.AX

-3.96%

L1G.AX

-0.24%

LSF.AX

-1%

LRV.AX

LFS.AX

2.22%

LLC.AX

-4.41%

LFG.AX

1.27%

360.AX

5.95%

LIC.AX

-0.96%

LNW.AX

-2.43%

LIN.AX

1.32%

LTR.AX

1.65%

LOV.AX

-0.6%

LYL.AX

5.06%

LYC.AX

-1.56%

MA1.AX

-0.75%

MAF.AX

-2.18%

MGH.AX

2.55%

MAH.AX

-1%

MQG.AX

-0.23%

MAQ.AX

1.62%

MAD.AX

0.84%

MFG.AX

0.36%

MAU.AX

MMS.AX

1.59%

MPL.AX

-1.35%

MP1.AX

3.41%

MCY.AX

-2.21%

MEZ.AX

1.25%

MSB.AX

-1.17%

MLX.AX

-0.95%

MTS.AX

-0.49%

MEI.AX

2.78%

MOT.AX

0.58%

MXT.AX

0.26%

MFF.AX

0.81%

MIN.AX

0.41%

MI6.AX

-4.14%

MIR.AX

1.23%

MGR.AX

-1.92%

MND.AX

-1.18%

MYS.AX

0.34%

NAN.AX

1.9%

NAB.AX

0.39%

NGI.AX

-2.69%

NWL.AX

2.39%

NEU.AX

-3.09%

NHC.AX

0.86%

NEM.AX

-0.04%

NWS.AX

-2.08%

NXG.AX

0.85%

NXT.AX

1.9%

NHF.AX

-2.84%

NCK.AX

-0.66%

NIC.AX

0.24%

NEC.AX

0.26%

NST.AX

-1.09%

NWH.AX

-0.66%

NUF.AX

-0.83%

NXL.AX

7.76%

OCL.AX

7.07%

OML.AX

-0.37%

OPH.AX

-1.12%

OBM.AX

3.11%

ORI.AX

-1.44%

ORG.AX

-0.83%

ORA.AX

-2.87%

PDN.AX

0.18%

PNR.AX

1.17%

PPC.AX

-3.75%

PPM.AX

2.69%

PRN.AX

0.95%

PPT.AX

1.07%

PCI.AX

0.46%

PRU.AX

0.1%

PXA.AX

-2.61%

PNI.AX

1.56%

PL8.AX

0.36%

PLS.AX

3.25%

PGF.AX

2.7%

PNV.AX

-3.28%

PDI.AX

2.03%

PMV.AX

0.44%

PME.AX

8.42%

PWH.AX

-0.11%

PYC.AX

-0.74%

QAN.AX

-0.9%

QBE.AX

-1.1%

QAL.AX

-2.8%

QRI.AX

-0.48%

QUB.AX

-0.3%

RAC.AX

4.26%

RMS.AX

0.47%

RHC.AX

-2.49%

REA.AX

0.54%

RDX.AX

1.23%

REH.AX

-0.07%

RF1.AX

0.29%

RPL.AX

0.38%

RG1.AX

-0.43%

RGN.AX

-0.22%

REG.AX

-0.3%

RRL.AX

-0.41%

RWC.AX

-0.16%

RMD.AX

-7.62%

RSG.AX

-1.75%

SGLLV.AX

-1.15%

RIC.AX

-1.6%

RIO.AX

1.48%

RXL.AX

RFF.AX

0.25%

RYM.AX

SFR.AX

-0.28%

SMI.AX

-1.34%

STO.AX

0.26%

SCG.AX

-1.83%

SEK.AX

-1.37%

SHV.AX

1.53%

SRV.AX

SSM.AX

-0.84%

SGH.AX

-0.75%

SHA.AX

-0.55%

SIG.AX

-0.51%

SLX.AX

-2.92%

SGM.AX

1.06%

SDR.AX

8.86%

SKS.AX

1.54%

SIQ.AX

2.46%

SHL.AX

-2.1%

S32.AX

-0.73%

SX2.AX

6.31%

SXE.AX

0.74%

SPK.AX

-1.54%

SRG.AX

-0.64%

SBM.AX

3.91%

SMR.AX

SDF.AX

-0.86%

SGP.AX

-2.93%

SNZ.AX

SUN.AX

0.23%

SRL.AX

0.31%

SUL.AX

-1.02%

SLC.AX

SNL.AX

-1.65%

SYL.AX

-0.74%

TAH.AX

0.97%

TEA.AX

-2.13%

TNE.AX

5.53%

TLX.AX

1.11%

TLS.AX

-2.02%

TPW.AX

-3.79%

A2M.AX

-5.77%

TLC.AX

-1.57%

SGR.AX

-1%

TVN.AX

-0.85%

TWR.AX

TPG.AX

0.64%

TCL.AX

-1.27%

TWE.AX

-1.3%

TUA.AX

-0.97%

TCG.AX

4.69%

TRA.AX

UNI.AX

-0.29%

VAU.AX

-0.12%

VNT.AX

1.93%

VCX.AX

-0.99%

VGN.AX

-1.45%

VMM.AX

4.52%

VGL.AX

VEA.AX

0.24%

VUL.AX

5.26%

VSL.AX

WA1.AX

2.32%

WGN.AX

-1.42%

WAM.AX

0.65%

WGB.AX

1.39%

WLE.AX

1.15%

SOL.AX

-1.91%

WPR.AX

-1.05%

WQG.AX

1.58%

WEB.AX

-4.21%

WBT.AX

0.34%

WES.AX

-0.07%

WAF.AX

1.42%

WGX.AX

1.27%

WBC.AX

0.17%

WHF.AX

-0.62%

WHC.AX

2.34%

WIA.AX

2.13%

WC8.AX

1.35%

WTN.AX

WTC.AX

7.28%

WDS.AX

0.07%

WOW.AX

-0.84%

WOR.AX

0.43%

XRO.AX

7.82%

YAL.AX

2.58%

ZIM.AX

1.17%

ZIP.AX

4.57%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	146.17	0.07	0.05
SSO ASX Small Caps	16.02	0	0
IVV S&P 500	70.53	0.1	0.14
NDQ Nasdaq	62.60	0.38	0.61
F100 FTSE 100	14.77	-0.06	-0.4
ASIA Asia Tech	22.86	0.55	2.47
IEU Europe	100.93	-0.405	-0.4
IEM Emerging Markets	98.39	1.28	1.32
Gold Gold	57.54	-0.1	-0.17
ACDC Battery Tech	177.50	-1.06	-0.59

COMMODITIES	Close($)	-/+	%
Gold	4,520.17	-15.6469	-0.34
Silver	75.58	0.3217	0.43
Platinum	1,937.50	20.4634	1.07
Palladium	1,368.72	14.3909	1.06
Ice Brent Crude	91.99	-1.72	-1.84
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7183	0	0
Euro	1.1646	-0.0013	-0.11
British Pound	1.3455	-0.0004	-0.03
Canadian Dollar	1.3806	0.0011	0.08
New Zealand Dollar	0.5971	-0.0017	-0.28
Chinese Yuan	6.7675	0.0013	0.02
Japanese Yen	159.4600	0.2	0.13

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.66	1.54%	94.03%	0.30 0.75
BGL	Bellevue Gold Ltd	1.55	1.64%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	62.70	0.62%	63.33%	35.52 62.72
FMG	Fortescue Ltd	22.54	1.01%	42.28%	14.31 23.38
NHC	New Hope Corporation Ltd	5.92	1.37%	53.68%	3.63 6.14
WHC	Whitehaven Coal Ltd	9.04	3.31%	54.59%	5.31 9.90
NEM	Newmont Cdi	151.06	-0.14%	0.00%	80.70 190.91
NXG	Nexgen Ene Cdi	15.98	0.82%	0.00%	9.23 20.47
SFR	Sandfire Resources Ltd	19.57	-0.31%	69.81%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
A4N	Alpha Hpa	0.79	10.14
CAT	Catapult Sports	3.70	9.64
SDR	Siteminder	3.81	8.86
PME	Pro Medicus	143.40	8.42
XRO	Xero	81.05	7.82
NXL	Nuix	1.49	7.76
WTC	Wisetech Global	38.63	7.28
OCL	Objective Corpor	11.21	7.07
AGI	Ainsworth Game T	1.50	6.79
SX2	Southern Cro Cdi	10.28	6.31

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
DRO	Droneshield	3.08	-9.14
RMD	Resmed Inc	26.56	-7.62
FCL	Fineos Corporati	2.39	-7
A2M	The A2 Milk Comp	5.06	-5.77
GLF	Gemlife Communit	4.54	-4.73
CKF	Collins Foods	8.41	-4.65
ELS	Elsight	7.26	-4.6
LLC	Lendlease Group	2.60	-4.41
FRS	Forrestania Res	0.55	-4.39
EQR	Eq Resources	0.22	-4.35

OPINION

Latest Market Matters Opinions

01/06/2026 09:06

LME Copper & Aluminium ($US/MT)

Copper and Aluminium have surged higher over the last 12-months as the global electrification and the AI buildout gathers momentum. While MM are conscious both are becoming a consensus trade, the fundamental tailwinds are strong and we believe it’s too early to consider fading the move.

01/06/2026 09:05

Australian Dollar ($A)

The Aussie Dollar was firm last week considering credit markets started pricing out multiple rate hikes by the RBA into Christmas. This strength, even as an important tailwind faded away, added weight to our bullish outlook to the local currency moving forward.

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Macro Monday: Domestic Data Eases Rate Fears Despite Geopolitical Tensions

Morning report 01/06/2026

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Afternoon report 29/05/2026

Ask James ASK A QUESTION

Ask James

Question asked 28/05/2026

BetaShares Nasdaq 100 ETF (ASX: NDQ) and SpaceX inclusion

Hi guys, It is my understanding that the Nasdaq in recent weeks made amendments to the rules for the Nasdaq 100 index to “fact track” SpaceX entry on to the index. How and when would an ETF like NDQ reflect such an inclusion? SpaceX free float is actually very low (I believe no more than 8%), but the market cap is large (money wise). Is there a risk of funds having to rotate from other sectors/stocks to cover the weight of SpaceX in the index? Lastly, I read your response about Pengana Private Equity Trust as a vehicle to gain exposure to the IPO. It appears to me that the recent share price appreciation is driven by SpaceX interest as the rest of the investments are a bit of a black box. It seems very speculative and prone to dilution post IPO, in my humble opinion. What do you think? Thanks for your responses. Angela What is MM advice regarding SpaceX IPO? Should we be attempting to join the chorus of interest in buying shares directly? Or maybe we can buy into a fund or ETF that contains SpaceX holding. Or just stay out of it! Sandy

Ask James

Question asked 28/05/2026

Catapult Sports Ltd (ASX: CAT)

Hi team, you are doing an excellent job in helping us navigate the stock market. I would like your thoughts on CAT. CAT announced FY26 results on 20/5; the stock was up 17% on that date, closing at $3.39, and reached a high of $3.885 on the next day (21/5). CAT was down 6.16% today (25/5), closing at $3.35. Do you know the reason for today’s big fall?

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Why SiteMinder (ASX: SDR) is soaring up ~8%

SiteMinder (SDR) has rallied up to 12% after announcing a new hotel management system partnership with Mews, a move the market sees as strategically important for customer growth and product positioning.

ASX: SDR 25/05/2026