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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

2.47%

4DX.AX

5.5%

ABG.AX

-0.93%

ASK.AX

-1.67%

AX1.AX

-4.31%

AIS.AX

A1G.AX

8.04%

AGL.AX

-0.61%

A1M.AX

5.07%

AIZ.AX

-1.06%

AAI.AX

1.82%

ALK.AX

A4N.AX

-3.08%

ALQ.AX

1.64%

AMC.AX

0.38%

AOV.AX

-3.67%

AMP.AX

-1.92%

AEL.AX

5.49%

ALD.AX

3.16%

ASL.AX

2.87%

ANN.AX

-0.62%

ANZ.AX

-1.77%

APA.AX

1.85%

ARU.AX

3.85%

ARB.AX

-2.96%

ARF.AX

-0.29%

ARG.AX

-1.2%

ALL.AX

-1.77%

APZ.AX

1.44%

AAR.AX

ASX.AX

0.55%

ALX.AX

-0.21%

AUB.AX

-0.08%

AIA.AX

AMI.AX

1.64%

AZJ.AX

-1.45%

AUC.AX

3.57%

ABB.AX

-1.77%

ASB.AX

3.68%

AAC.AX

-1.82%

AEF.AX

0.77%

AFI.AX

-0.72%

AUI.AX

0.27%

ASG.AX

-2.54%

BOQ.AX

-1.14%

BMN.AX

5.38%

BCI.AX

BPT.AX

4.57%

BGA.AX

1.11%

BGL.AX

0.82%

BEN.AX

-1.12%

BNZ.AX

BHP.AX

1.44%

BKI.AX

-1.69%

BC8.AX

2.25%

XYZ.AX

-5.3%

BSL.AX

-1.64%

BOE.AX

11.01%

BXB.AX

0.76%

BVS.AX

-1.92%

BRE.AX

-0.37%

BRG.AX

-1.69%

BFL.AX

-1.18%

BWP.AX

0.26%

CMM.AX

5.5%

CSC.AX

-1.56%

CAR.AX

-3.85%

CIN.AX

CYL.AX

2.59%

CAT.AX

-0.84%

CWP.AX

0.33%

CNI.AX

0.53%

CIP.AX

COF.AX

1.49%

CHN.AX

4.66%

CGF.AX

-3.02%

CIA.AX

1.3%

CHI.AX

CHC.AX

-0.5%

CLW.AX

-0.27%

CQR.AX

0.99%

CQE.AX

-0.35%

CNU.AX

-0.62%

C79.AX

-1.11%

CVL.AX

1.75%

CU6.AX

-6.09%

CWY.AX

-0.78%

CUV.AX

-0.1%

CBO.AX

-6.29%

COH.AX

-1.66%

CDA.AX

4.56%

COL.AX

3.75%

CKF.AX

-0.6%

CBA.AX

-0.65%

CPU.AX

-0.32%

CEN.AX

-2.28%

CXO.AX

5.77%

CRN.AX

-4.76%

CCP.AX

-1.56%

CMW.AX

-4.49%

CSL.AX

0.37%

CCL.AX

-1.9%

DBI.AX

-1.36%

DTL.AX

-2.87%

DTR.AX

1.22%

DYL.AX

0.38%

DRR.AX

2.78%

DVP.AX

-1.21%

DXS.AX

-0.45%

DXI.AX

-0.39%

DDR.AX

-1.69%

DGT.AX

-1.46%

DUI.AX

-0.39%

DJW.AX

-1.02%

DMP.AX

-5.12%

DOW.AX

0.47%

DPM.AX

-0.67%

DRO.AX

6.63%

DUR.AX

DNL.AX

3.92%

APE.AX

-2.5%

EBO.AX

-1%

ELD.AX

1.1%

EOS.AX

2.56%

ELV.AX

-0.74%

ELS.AX

8.67%

EHL.AX

EMR.AX

0.14%

EDV.AX

3.32%

ERA.AX

EQR.AX

21.43%

EQT.AX

-0.5%

EVN.AX

6.57%

EVT.AX

-1.05%

FCL.AX

-1.16%

FFM.AX

1.4%

FPH.AX

0.7%

FPR.AX

-2.64%

FBU.AX

-1.36%

FLT.AX

-5.66%

FML.AX

0.27%

FRS.AX

3.62%

FMG.AX

-3.03%

FRW.AX

-0.24%

FGX.AX

-1.06%

FGG.AX

-0.3%

GLN.AX

1.2%

GLF.AX

-2.8%

GDG.AX

GNE.AX

-4.1%

GMD.AX

8.48%

GTK.AX

-3.72%

GNP.AX

2.44%

GMG.AX

-0.24%

GPT.AX

-0.79%

GQG.AX

0.82%

GNG.AX

-7.89%

GNC.AX

1.79%

GGP.AX

4.63%

GOZ.AX

-0.45%

GCI.AX

-0.98%

GYG.AX

-0.83%

GWA.AX

0.84%

HSN.AX

-2.45%

HVN.AX

-1.39%

HGH.AX

HM1.AX

-1.03%

HLI.AX

0.5%

HMC.AX

-2.88%

HDN.AX

HUB.AX

-1.93%

IEL.AX

-4.08%

IGO.AX

-3.71%

ILU.AX

-0.15%

IMD.AX

0.71%

IMM.AX

IMR.AX

-0.47%

IFT.AX

0.32%

INA.AX

-1.54%

ING.AX

0.97%

IFL.AX

0.21%

IAG.AX

0.6%

IDX.AX

-1.23%

IPG.AX

-1.15%

IPX.AX

1.79%

IPH.AX

IRE.AX

-2.14%

JHX.AX

-1.55%

JBH.AX

-0.67%

JDO.AX

-3.48%

JIN.AX

JMS.AX

1.67%

KAR.AX

15.21%

KLS.AX

4.19%

KCN.AX

3.97%

KKC.AX

-2.86%

GLS.AX

0.97%

L1G.AX

1.21%

LSF.AX

-1.36%

LRV.AX

3.36%

LFS.AX

-1.06%

LLC.AX

-4.05%

LFG.AX

-0.26%

360.AX

0.61%

LIC.AX

-1.81%

LNW.AX

-6.97%

LTR.AX

0.88%

LOT.AX

2.28%

LOV.AX

-1.92%

LYL.AX

-0.21%

LYC.AX

5.37%

MA1.AX

MAF.AX

-2.6%

MGH.AX

-0.42%

MAH.AX

-0.67%

MQG.AX

-6.38%

MAQ.AX

-8.71%

MAD.AX

2.76%

MFG.AX

MAU.AX

3.48%

MMS.AX

-0.12%

MPL.AX

0.46%

MEK.AX

4.26%

MP1.AX

-5.46%

MCY.AX

2.23%

MEZ.AX

1.51%

MSB.AX

-7.59%

MTM.AX

-3.97%

MLX.AX

6.29%

MTS.AX

0.91%

MEI.AX

-4.65%

MOT.AX

-2.16%

MXT.AX

-1.26%

MFF.AX

-1.23%

MGX.AX

-1.05%

MIN.AX

-2.1%

MI6.AX

4.35%

MIR.AX

-2.14%

MGR.AX

-1.95%

MND.AX

0.62%

MYR.AX

-6.67%

MYS.AX

-1.76%

NAN.AX

-0.88%

NAB.AX

-2.86%

NSR.AX

NGI.AX

-3.56%

NWL.AX

-3.57%

NEU.AX

5.52%

NHC.AX

1.28%

NMG.AX

6.06%

NEM.AX

5.65%

NWS.AX

-1%

NXG.AX

-0.11%

NXT.AX

-3.82%

NHF.AX

NCK.AX

-3.75%

NIC.AX

0.5%

NEC.AX

-1.9%

NST.AX

4.79%

NWH.AX

-2.14%

NUF.AX

5.34%

NXL.AX

-4.18%

OCL.AX

-1.16%

OML.AX

OPH.AX

-2.44%

OBM.AX

7.75%

ORI.AX

1.15%

ORG.AX

-1.65%

ORA.AX

1.4%

PDN.AX

1.27%

PNR.AX

2.43%

PPC.AX

1.39%

PPM.AX

-1.24%

PRN.AX

2.98%

PPT.AX

-0.81%

PCI.AX

-1.82%

PRU.AX

4.67%

PXA.AX

4.01%

PNI.AX

-2.86%

PL8.AX

0.34%

PLS.AX

-0.77%

PGF.AX

-2.21%

PNV.AX

-3.11%

PDI.AX

2.55%

PMV.AX

-0.6%

PME.AX

-3.37%

PFP.AX

-1.79%

PWH.AX

-0.3%

PYC.AX

-0.66%

QAN.AX

-5.43%

QBE.AX

0.05%

QAL.AX

-0.97%

QRI.AX

-0.96%

QUB.AX

RMS.AX

4.36%

RHC.AX

0.14%

REA.AX

-0.35%

RDX.AX

3.12%

REH.AX

-0.13%

RF1.AX

RPL.AX

-4.31%

RG1.AX

1.3%

RGN.AX

-0.87%

REG.AX

0.29%

RRL.AX

3.39%

RWC.AX

-2.1%

RMD.AX

-0.91%

RSG.AX

10.44%

SGLLV.AX

0.08%

RIC.AX

RIO.AX

1.26%

RXR.AX

3.65%

RXL.AX

-1.74%

RFF.AX

RYM.AX

1.98%

SFR.AX

1.68%

SMI.AX

-1.63%

STO.AX

6.66%

SCG.AX

0.79%

SEK.AX

-2.66%

SHV.AX

-1.74%

SRV.AX

-2.28%

SSM.AX

-0.48%

SGH.AX

-0.56%

SHA.AX

-2.55%

SIG.AX

-3.17%

SLX.AX

0.14%

SVL.AX

8.51%

SGM.AX

0.18%

SDR.AX

-7.78%

SKC.AX

2.9%

SPZ.AX

-5.02%

SIQ.AX

2.95%

SHL.AX

0.13%

S32.AX

3.26%

SX2.AX

4.97%

SXE.AX

0.67%

SVM.AX

SPK.AX

0.78%

SRG.AX

-1.38%

SBM.AX

3.61%

SMR.AX

7.58%

SDF.AX

-1.59%

SGP.AX

-2.15%

STK.AX

SNZ.AX

0.68%

SUN.AX

-0.34%

SUL.AX

1.87%

SLC.AX

-0.68%

SNL.AX

-1.46%

SYL.AX

-1.87%

TAH.AX

TEA.AX

2.84%

TNE.AX

-4.26%

TLX.AX

-2.4%

TLS.AX

0.97%

TPW.AX

-3.28%

A2M.AX

1.03%

TLC.AX

SGR.AX

-4%

TVN.AX

-3.23%

TWR.AX

-0.64%

TPG.AX

1.52%

TCL.AX

1.32%

TWE.AX

1.1%

TUA.AX

-1.4%

TCG.AX

0.63%

USL.AX

6.45%

UNI.AX

-0.74%

VAU.AX

1.36%

VNT.AX

-0.17%

VCX.AX

VGN.AX

4.46%

VEA.AX

3.39%

VUL.AX

-1.87%

VSL.AX

-5.29%

WA1.AX

-0.29%

WGN.AX

-1.94%

WAM.AX

-1.42%

WGB.AX

-0.85%

WLE.AX

-0.7%

SOL.AX

-0.84%

WPR.AX

-0.78%

WEB.AX

-6.5%

WBT.AX

-5.82%

WES.AX

0.58%

WAF.AX

4.01%

WGX.AX

3.87%

WBC.AX

-1.74%

WHF.AX

-0.19%

WHC.AX

1.66%

WIA.AX

5.5%

WC8.AX

-3.19%

WTC.AX

-4.73%

WDS.AX

6.82%

WOW.AX

1.89%

WOR.AX

-0.35%

XRO.AX

-3.81%

YAL.AX

5.63%

ZIM.AX

3.78%

ZIP.AX

-8.38%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	153.82	0.09	0.06
SSO ASX Small Caps	17.16	0.04	0.23
IVV S&P 500	64.10	-0.36	-0.56
NDQ Nasdaq	51.34	-0.37	-0.72
F100 FTSE 100	15.40	-0.07	-0.45
ASIA Asia Tech	16.45	-0.24	-1.44
IEU Europe	102.41	-0.61	-0.59
IEM Emerging Markets	88.02	-1.1	-1.23
Gold Gold	69.10	2.37	3.55
ACDC Battery Tech	149.36	-2.88	-1.89

COMMODITIES	Close($)	-/+	%
Gold	5,347.89	70.6	1.34
Silver	90.83	-2.9901	-3.19
Platinum	2,308.60	-56.15	-2.37
Palladium	1,768.00	-18.0525	-1.01
Ice Brent Crude	73.21	2.46	3.48
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7069	-0.0044	-0.62
Euro	1.1692	-0.0118	-1
British Pound	1.3374	-0.011	-0.82
Canadian Dollar	1.3694	0.0052	0.38
New Zealand Dollar	0.5930	-0.0066	-1.1
Chinese Yuan	6.8821	0.0242	0.35
Japanese Yen	157.7400	1.71	1.1

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.73	5.07%	68.29%	0.28 0.73
BGL	Bellevue Gold Ltd	1.84	0.82%	52.72%	0.78 2.00
BHP	Bhp Group Ltd	59.25	1.44%	45.95%	33.25 59.25
FMG	Fortescue Ltd	20.50	-3.03%	23.27%	13.18 23.38
NHC	New Hope Corporation Ltd	4.75	1.28%	15.52%	3.33 4.93
WHC	Whitehaven Coal Ltd	7.94	1.66%	37.99%	4.26 9.59
NEM	Newmont Cdi	187.22	5.65%	0.00%	66.39 190.91
NXG	Nexgen Ene Cdi	18.01	-0.11%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	20.53	1.68%	87.47%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
EQR	Eq Resources	0.34	21.43
KAR	Karoon Energy Lt	1.78	15.21
BOE	Boss Energy	1.82	11.01
RSG	Resolute Mining	1.64	10.44
ELS	Elsight	5.14	8.67
SVL	Silver Mines	0.26	8.51
GMD	Genesis Minerals	8.06	8.48
A1G	African Gold Ltd	1.08	8.04
OBM	Ora Banda Mining	1.39	7.75
SMR	Stanmore Resourc	2.84	7.58

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
MAQ	Macquarie Techno	61.98	-8.71
ZIP	Zip Co	1.75	-8.38
GNG	Gr Engineering S	4.67	-7.89
SDR	Siteminder	3.32	-7.78
MSB	Mesoblast	2.07	-7.59
LNW	Light & Wo Cdi 1	124.85	-6.97
MYR	Myer Holdings	0.35	-6.67
WEB	Web Travel Group	3.02	-6.5
MQG	Macquarie Group	199.86	-6.38
CBO	Cobram Estate	2.98	-6.29

OPINION

Latest Market Matters Opinions

02/03/2026 17:25

What Mattered Today

The ASX was hit early on the Iran conflict, down ~1% before recovering as the day progressed to finish a couple of points higher – not a great day for the bears who sold early. US Futures were trading down 1% at the outset, and while they recovered ~0.20% throughout the session, the resilience by the ASX was impressive, underpinned by Gold, Energy & defensives.

02/03/2026 17:24

Magellan Financial Group (MFG) $8.46

Magellan was in a trading halt after confirming an all-scrip acquisition of Barrenjoey Capital Partners, valuing the business at $1.62bn and resetting the group’s strategic direction.

ACTION

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Market Matters Content

Macro Monday: Markets wake up to Private credit and War turmoil

Morning report 02/03/2026

Afternoon Report

The Match Out: ASX proves resilient in the face of Middle East flare up

Afternoon report 02/03/2026

Ask James ASK A QUESTION

Ask James

Question asked 28/02/2026

Perenti Ltd (PRN) and Service Stream (SSM)

Hi James & Team Can I have your view on Perenti & Service Stream now they have reported. Would you continue to hold? Do you see PRN share price recovering from the hit it took? Some Brokers have Price Targets on SSM of $2.50 & $2.85. (currently $2.09) regards Debbie

Ask James

Question asked 28/02/2026

Is it time to cut Worley Ltd (WOR)

Hi MM Team, Worley's share price seems to have been gradually declining over the past 2 years and I have been patiently waiting for their strategy to turn this around. The latest results have triggered a further slump in the share price which is now down to $11.23. Do you think the market has had an over reaction to the results and the share price should bounce back or is it time to cut Worley and look else where? Thanks for the insightful commentary and advice. Peter

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