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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

10.37%

ABG.AX

0.5%

ASK.AX

1.06%

AGL.AX

-0.55%

AIZ.AX

1.45%

AAI.AX

3.79%

ALK.AX

-1.68%

A4N.AX

3.94%

ALQ.AX

1.01%

AMC.AX

0.75%

AOV.AX

0.99%

AMP.AX

0.31%

AEL.AX

-0.89%

ALD.AX

0.74%

ANN.AX

0.61%

ANZ.AX

0.51%

APA.AX

-0.29%

ARU.AX

ARB.AX

1.86%

ARF.AX

-0.31%

ARG.AX

-0.68%

ALL.AX

-0.9%

AYA.AX

3.49%

APZ.AX

0.64%

ASX.AX

-0.97%

ALX.AX

0.83%

AUB.AX

-0.24%

AIA.AX

1.21%

AZJ.AX

-0.24%

ABB.AX

-0.19%

ASB.AX

AAC.AX

3.05%

AFI.AX

AUI.AX

0.28%

BOQ.AX

-0.16%

BMN.AX

6.74%

BCI.AX

2.9%

BPT.AX

-0.44%

BGA.AX

2.08%

BGL.AX

3.03%

BEN.AX

-0.19%

BNZ.AX

0.76%

BHP.AX

1.1%

BKI.AX

-3.02%

BC8.AX

-0.95%

XYZ.AX

-2.31%

BSL.AX

0.5%

BMC.AX

1.91%

BOE.AX

4.56%

BXB.AX

0.82%

BVS.AX

-0.87%

BRE.AX

0.47%

BRG.AX

0.59%

BGP.AX

BFL.AX

-1.92%

BWP.AX

-0.52%

CMM.AX

3.51%

CSC.AX

3.07%

CAR.AX

-2.82%

CIN.AX

-0.58%

CYL.AX

-1.12%

CAT.AX

-5.05%

CWP.AX

-0.58%

CNI.AX

-2.62%

CIP.AX

-0.34%

COF.AX

-1.63%

CHN.AX

3.58%

CGF.AX

0.21%

CIA.AX

1.44%

CHI.AX

CHC.AX

0.36%

CLW.AX

-0.85%

CQR.AX

-0.78%

CQE.AX

CNU.AX

-0.71%

C79.AX

5.83%

CVL.AX

-0.3%

CU6.AX

0.74%

CWY.AX

1.82%

CBO.AX

-2%

COH.AX

0.66%

CDA.AX

0.88%

COL.AX

0.09%

CKF.AX

3.03%

CBA.AX

0.94%

CPU.AX

-0.12%

CEN.AX

-0.39%

CXO.AX

-3.28%

CCP.AX

-3.4%

CMW.AX

-4.6%

CSL.AX

-0.29%

CCL.AX

0.85%

DBI.AX

-0.71%

DTL.AX

1.2%

DTR.AX

DYL.AX

4.52%

DRR.AX

0.44%

DVP.AX

3.32%

DXS.AX

-0.82%

DXI.AX

-1.65%

DDR.AX

-0.22%

DGT.AX

-0.37%

DJW.AX

DMP.AX

1.07%

DOW.AX

1.05%

DPM.AX

1.62%

DRO.AX

DUR.AX

-0.83%

DNL.AX

1.1%

APE.AX

-1.15%

EBO.AX

-0.54%

EIQ.AX

5.26%

ELD.AX

4.63%

EOS.AX

10.72%

ELV.AX

12.36%

ELS.AX

1.94%

EHL.AX

EMR.AX

2.44%

EDV.AX

-0.32%

ERA.AX

-16.67%

EQR.AX

2.13%

EUR.AX

7.41%

EVN.AX

3.14%

EVT.AX

-0.25%

FCL.AX

FFM.AX

4.21%

FPH.AX

0.14%

FPR.AX

-0.36%

FBU.AX

2.03%

FLT.AX

1.42%

FML.AX

3.46%

FRS.AX

2.5%

FMG.AX

-1.01%

FRW.AX

FGX.AX

FGG.AX

0.61%

GLN.AX

1.16%

GLF.AX

-0.43%

GDG.AX

1.5%

GNE.AX

GMD.AX

1.03%

GNP.AX

0.73%

GMG.AX

-1.85%

GPT.AX

0.42%

GQG.AX

-2.22%

GNG.AX

1.98%

GNC.AX

1.06%

GGP.AX

1.01%

GOZ.AX

-0.93%

GCI.AX

0.49%

GYG.AX

9.57%

GWA.AX

-0.48%

HSN.AX

-2.46%

HVN.AX

-0.9%

HGH.AX

1.72%

HM1.AX

1.08%

HLI.AX

-1.59%

HMC.AX

-1.77%

HDN.AX

-0.8%

HUB.AX

-0.26%

IEL.AX

0.75%

IGO.AX

1.54%

ILU.AX

4.97%

IMD.AX

5.71%

IMR.AX

-0.27%

IFT.AX

-0.61%

INA.AX

-0.52%

ING.AX

-1.01%

IAG.AX

-3.44%

IDX.AX

3.48%

IPG.AX

-2.03%

IPX.AX

4.69%

IPH.AX

1.33%

IRE.AX

1.06%

JHX.AX

1.64%

JBH.AX

1.06%

JDO.AX

-1.43%

JMS.AX

1.96%

KAR.AX

1.44%

KLS.AX

1.22%

KCN.AX

-0.5%

KKC.AX

1.46%

GLS.AX

1.99%

LGF.AX

-1.51%

L1G.AX

-1.36%

LSF.AX

3.1%

LRV.AX

4.8%

LFS.AX

1.64%

LLC.AX

-5.69%

LFG.AX

0.95%

360.AX

-0.54%

LIC.AX

-0.41%

LNW.AX

-1.43%

LIN.AX

5.97%

LTR.AX

3.11%

LOV.AX

1.44%

LYL.AX

2.14%

LYC.AX

1.56%

MA1.AX

-0.25%

MAF.AX

2.06%

MGH.AX

1.23%

MAH.AX

1.16%

MQG.AX

MAQ.AX

1.26%

MAD.AX

1.46%

MFG.AX

-0.12%

MAU.AX

0.79%

MMS.AX

0.32%

MPL.AX

-0.82%

MP1.AX

1.71%

MCY.AX

-2.81%

MEZ.AX

-0.21%

MSB.AX

2.42%

MLX.AX

9.29%

MTS.AX

2.01%

MEI.AX

MOT.AX

0.29%

MXT.AX

0.26%

MFF.AX

2.26%

MIN.AX

0.58%

MI6.AX

6.29%

MIR.AX

-0.4%

MGR.AX

-1.17%

MND.AX

2.28%

MYS.AX

1.81%

NAN.AX

-2.08%

NAB.AX

0.5%

NGI.AX

-0.82%

NWL.AX

-0.98%

NEU.AX

4.83%

NHC.AX

0.55%

NEM.AX

0.82%

NWS.AX

1.03%

NXG.AX

0.34%

NXT.AX

2.47%

NHF.AX

-0.29%

NCK.AX

-2.26%

NIC.AX

-0.49%

NEC.AX

NST.AX

-0.58%

NWH.AX

-0.56%

NUF.AX

2.98%

OCL.AX

-3.24%

OML.AX

0.37%

OPH.AX

0.38%

OBM.AX

2.7%

ORI.AX

0.04%

ORG.AX

-1.8%

ORA.AX

0.78%

PDN.AX

5.93%

PNR.AX

0.97%

PPC.AX

-1.58%

PE1.AX

1.08%

PPM.AX

PRN.AX

0.48%

PPT.AX

PCI.AX

0.46%

PRU.AX

-0.19%

PXA.AX

-0.42%

PNI.AX

-0.58%

PL8.AX

-0.72%

PLS.AX

2.92%

PGF.AX

-0.35%

PNV.AX

PDI.AX

-0.69%

PMV.AX

0.95%

PME.AX

-0.4%

PWH.AX

3.91%

PYC.AX

4.21%

QAN.AX

-0.34%

QBE.AX

-1.34%

QAL.AX

1.04%

QRI.AX

-0.63%

QUB.AX

RMS.AX

0.95%

RHC.AX

0.93%

REA.AX

-4.07%

RDX.AX

0.68%

REH.AX

0.29%

RF1.AX

0.29%

RPL.AX

-0.4%

RG1.AX

0.43%

RGN.AX

-0.44%

REG.AX

3.9%

RRL.AX

1.44%

RWC.AX

1.29%

RMD.AX

-0.78%

RSG.AX

0.41%

SGLLV.AX

-0.85%

RIC.AX

-0.37%

RIO.AX

1.72%

RXL.AX

-2.35%

RFF.AX

-0.75%

RYM.AX

1.74%

SFR.AX

3.5%

SMI.AX

-0.85%

STO.AX

1.35%

SCG.AX

0.27%

SEK.AX

-5.85%

SHV.AX

4.62%

SRV.AX

SSM.AX

0.44%

SGH.AX

0.68%

SHA.AX

-1.33%

SIG.AX

0.7%

SLX.AX

6.05%

SGM.AX

1.13%

SDR.AX

SKS.AX

2.19%

SIQ.AX

0.43%

SHL.AX

0.38%

S32.AX

5.07%

SX2.AX

0.43%

SXE.AX

-0.78%

SPK.AX

0.92%

SRG.AX

0.33%

SBM.AX

0.91%

SMR.AX

0.41%

SDF.AX

0.98%

SGP.AX

-1%

SNZ.AX

0.97%

SUN.AX

-0.62%

SRL.AX

15.07%

SUL.AX

-0.72%

SLC.AX

-0.28%

SNL.AX

2.6%

SYL.AX

2.82%

TAH.AX

-0.74%

TEA.AX

1.83%

TNE.AX

1.17%

TLX.AX

-5.8%

TLS.AX

-1.47%

TPW.AX

0.6%

A2M.AX

0.89%

TLC.AX

0.19%

SGR.AX

TVN.AX

TWR.AX

-3.02%

TPG.AX

-0.96%

TCL.AX

0.28%

TWE.AX

-0.66%

TUA.AX

TCG.AX

5.83%

TRA.AX

VAU.AX

1.15%

VNT.AX

-0.16%

VCX.AX

0.78%

VGN.AX

-0.41%

VEA.AX

0.43%

VUL.AX

0.58%

VSL.AX

1.69%

WA1.AX

1.86%

WGN.AX

-1.69%

WAM.AX

-0.62%

WGB.AX

0.92%

WLE.AX

SOL.AX

0.59%

WPR.AX

-0.41%

WQG.AX

1.35%

WEB.AX

-0.85%

WBT.AX

7.66%

WES.AX

-0.09%

WAF.AX

1.35%

WGX.AX

-1.39%

WBC.AX

0.74%

WHF.AX

WHC.AX

-0.49%

WIA.AX

3.19%

WC8.AX

WTN.AX

WTC.AX

-1.44%

WDS.AX

0.85%

WOW.AX

0.55%

WOR.AX

2.38%

XRO.AX

-0.91%

YAL.AX

-2.53%

ZIM.AX

2.44%

ZIP.AX

-2.65%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	145.17	0.66	0.46
SSO ASX Small Caps	15.57	0.11	0.71
IVV S&P 500	69.70	0.23	0.33
NDQ Nasdaq	60.83	0.26	0.43
F100 FTSE 100	14.97	0.1	0.67
ASIA Asia Tech	20.75	0.41	2.02
IEU Europe	101.15	0.75	0.75
IEM Emerging Markets	93.62	0.5	0.54
Gold Gold	57.93	-0.22	-0.38
ACDC Battery Tech	170.97	4.75	2.86

COMMODITIES	Close($)	-/+	%
Gold	4,508.73	-32.7725	-0.72
Silver	75.49	-1.2075	-1.57
Platinum	1,922.80	-43.1116	-2.19
Palladium	1,348.25	-30.1535	-2.19
Ice Brent Crude	104.25	1.67	1.63
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7124	-0.0023	-0.32
Euro	1.1602	-0.0016	-0.14
British Pound	1.3427	-0.0002	-0.01
Canadian Dollar	1.3820	0.0043	0.31
New Zealand Dollar	0.5849	-0.0025	-0.43
Chinese Yuan	6.7945	-0.008	-0.12
Japanese Yen	159.1900	0.23	0.14

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.62	-0.8%	78.57%	0.30 0.75
BGL	Bellevue Gold Ltd	1.53	3.03%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	59.75	1.1%	52.91%	35.52 62.72
FMG	Fortescue Ltd	21.50	-1.01%	34.66%	14.31 23.38
NHC	New Hope Corporation Ltd	5.50	0.55%	47.84%	3.63 6.14
WHC	Whitehaven Coal Ltd	8.16	-0.49%	51.85%	5.31 9.90
NEM	Newmont Cdi	151.02	0.82%	0.00%	80.26 190.91
NXG	Nexgen Ene Cdi	14.91	0.34%	0.00%	9.23 20.47
SFR	Sandfire Resources Ltd	18.64	3.5%	65.08%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
SRL	Sunrise Energy	14.66	15.07
ELV	Elevra Lithium	13.73	12.36
EOS	Electro Optic Sy	8.88	10.72
4DX	4dmedical	3.62	10.37
GYG	Guzman Y Gomez	19.81	9.57
MLX	Metals X	1.77	9.29
WBT	Weebit Nano	7.31	7.66
EUR	European Lithium	0.44	7.41
BMN	Bannerman Energy	3.64	6.74
MI6	Minerals 260	0.85	6.29

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ERA	Energy Resources	0.00	-16.67
SEK	Seek	12.71	-5.85
TLX	Telix Pharmaceut	13.32	-5.8
LLC	Lendlease Group	2.82	-5.69
CAT	Catapult Sports	3.57	-5.05
CMW	Cromwell Propert	0.42	-4.6
REA	Rea Group Ltd	152.02	-4.07
IAG	Insurance Austra	7.87	-3.44
CCP	Credit Corp Grou	11.09	-3.4
CXO	Core Lithium	0.30	-3.28

OPINION

Latest Market Matters Opinions

23/05/2026 10:27

First Up

The ASX200 needed a storming return to form on Thursday & Friday to end the week up just +0.3%, as news around the US-Iran War finally supported local stocks. The choppy week saw early negative sentiment push the index down to a fresh 7-week low, testing below the 8500 level before some bargain hunting returned. The major miners led the market's recovery, reflecting an improvement in risk appetite given the sector’s strong leverage to global growth expectations, although both BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO) still finished the week modestly lower.

22/05/2026 16:43

What Mattered Today

The ASX edged higher to close out a mildly positive week, helped by improving reports on the Middle East and softening expectations for Australian interest rates. Miners and Energy stocks led the line today, though it’s been a particularly volatile week, with several triple digit moves, even though we’ve ended only +0.3% above where we started.

ACTION

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Market Matters Content

ETF Friday: Four ASX ETFs that could shine if the RBA doesn’t hike again in 2026

Morning report 22/05/2026

Afternoon Report

The Match Out: Copper upgrades carry the ASX to a positive week (just)!

Afternoon report 22/05/2026

Ask James ASK A QUESTION

Ask James

Question asked 23/05/2026

Why is WAM Capital (ASX: WAM) so cheap?

WAM has just gone ex-dividend a few days ago. It pays a partially franked dividend of $0.155 a year. That is better than 9%! If I include the franking credits, it is better than 15%! It has a long track record of paying steady dividends, only the franking credits vary. Generally, high dividends means high risk. What are the risks with this stock? Regards, John

Ask James

Question asked 23/05/2026

Appen Ltd (ASX: APX)

Hi James, I have (unfortunately) been a long time shareholder of Appen and should have sold a while ago. I would appreciate your thoughts as I am sitting on quite a large paper loss at the moment and I'm thinking that perhaps it's time to ditch my shares as my patience is running out. However, Appen had their AGM today and the CEO seems very upbeat. The market seemed to react favourably to the comments. I hold Appen within my SMSF which I realise was a big mistake. Is it time to sell? Kind regards, Judy

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Latest View Points

IAF

EX20

QFN

MVA

SPOT US

NCK

SDR

IEL

PME

JHX

CAT

DBI

Chart of the week

US 30-Year Bond Yield v S&P 500 Index

Aus. Investment blog Subscribe to blog

Why is DroneShield (ASX: DRO) down 11%?

DroneShield is trading down over 10% after the company announced that ASIC was investigating director share sales from lats November.

Uncategorized 06/05/2026

ASX Gold Merger Creates a New $10bn Powerhouse

The fight for control of WA’s premier gold regions continues, with elevated bullion prices continuing to fuel consolidation pressure across the sector.

ASX:RRL 06/05/2026

Morning Report

ETF Friday: Four ASX ETFs that could shine if the RBA doesn’t hike again in 2026

Morning report 22/05/2026

Afternoon Report

The Match Out: Copper upgrades carry the ASX to a positive week (just)!

Afternoon report 22/05/2026

Ask James ASK A QUESTION

Ask James

Question asked 23/05/2026

Why is WAM Capital (ASX: WAM) so cheap?

Ask James

Question asked 23/05/2026

Appen Ltd (ASX: APX)

Latest View Points

IAF

EX20

QFN

MVA

SPOT US

NCK

SDR

IEL

PME

JHX

CAT

DBI

Chart of the week

US 30-Year Bond Yield v S&P 500 Index

Aus. Investment blog Subscribe to blog

Why is DroneShield (ASX: DRO) down 11%?

DroneShield is trading down over 10% after the company announced that ASIC was investigating director share sales from lats November.

Uncategorized 06/05/2026

ASX Gold Merger Creates a New $10bn Powerhouse

The fight for control of WA’s premier gold regions continues, with elevated bullion prices continuing to fuel consolidation pressure across the sector.

ASX:RRL 06/05/2026

Opinion + Action