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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

0.58%

ABG.AX

0.27%

AIS.AX

-0.69%

AGL.AX

-1.32%

A1M.AX

6.4%

AIZ.AX

1.43%

AAI.AX

-2.53%

ALK.AX

A4N.AX

0.92%

ALQ.AX

1.26%

AMC.AX

-1.81%

AOV.AX

-0.92%

AMP.AX

0.24%

ALD.AX

0.16%

ANN.AX

0.57%

ANZ.AX

-1.47%

APA.AX

-0.1%

ARU.AX

2.5%

ARB.AX

0.92%

ARF.AX

-0.61%

ARG.AX

ALL.AX

0.8%

AYA.AX

1.72%

APZ.AX

-1.41%

ASX.AX

0.4%

ALX.AX

0.39%

AUB.AX

-1.37%

AIA.AX

0.14%

AXQ.AX

12.95%

AMI.AX

14.66%

AZJ.AX

-0.7%

ABB.AX

-1.05%

ASB.AX

3.54%

AAC.AX

0.74%

AEF.AX

1.11%

AFI.AX

-0.29%

AUI.AX

-0.27%

BOQ.AX

-0.47%

BMN.AX

0.61%

BCI.AX

3.13%

BPT.AX

-2.25%

BGA.AX

-0.65%

BGL.AX

5.88%

BEN.AX

-0.33%

BNZ.AX

17.5%

BHP.AX

0.97%

BKI.AX

-0.83%

BC8.AX

3.16%

XYZ.AX

0.47%

BSL.AX

-0.34%

BOE.AX

2.82%

BXB.AX

-0.72%

BVS.AX

-3.5%

BRE.AX

-3.31%

BRG.AX

-1.59%

BFL.AX

-0.12%

BWP.AX

-1.78%

CMM.AX

2.34%

CSC.AX

3.7%

CAR.AX

1.44%

CIN.AX

-0.29%

CYL.AX

3.13%

CAT.AX

7.76%

CWP.AX

-1.61%

CNI.AX

0.15%

CIP.AX

-1.48%

COF.AX

CGF.AX

-0.37%

CIA.AX

-0.9%

CHC.AX

2.23%

CLW.AX

-0.54%

CQR.AX

0.26%

CQE.AX

-0.38%

CNU.AX

-1.1%

C79.AX

0.75%

CVL.AX

0.59%

CU6.AX

-3.02%

CWY.AX

-2.14%

CUV.AX

-2.25%

CBO.AX

3.23%

COH.AX

-0.39%

CDA.AX

1.08%

COL.AX

-0.81%

CKF.AX

-0.88%

CBA.AX

-0.54%

CPU.AX

-0.56%

CEN.AX

0.13%

CXO.AX

CCP.AX

-0.98%

CMW.AX

-1.72%

CSL.AX

-1.54%

CCL.AX

DBI.AX

-1.58%

DTL.AX

DTR.AX

-3.57%

DYL.AX

0.96%

DRR.AX

0.24%

DVP.AX

2.98%

DXS.AX

0.35%

DXI.AX

-1.79%

DDR.AX

3.27%

DGT.AX

-0.38%

DJW.AX

0.68%

DMP.AX

-0.29%

DOW.AX

0.38%

DPM.AX

0.98%

DRO.AX

1.39%

DUR.AX

1.77%

DNL.AX

1.49%

APE.AX

-4.68%

EBO.AX

-1.59%

EIQ.AX

1.26%

ELD.AX

-0.71%

EOS.AX

4.5%

ELV.AX

-3.3%

ELS.AX

4.99%

EHL.AX

-1.51%

EMR.AX

4.82%

EDV.AX

-0.15%

EQR.AX

-4.24%

EVN.AX

5.29%

EVT.AX

-3.28%

FDC.AX

-0.74%

FCL.AX

1.86%

FFM.AX

2.9%

FPH.AX

-1.08%

FPR.AX

FBU.AX

0.96%

FLT.AX

FRS.AX

FMG.AX

-1.01%

FRW.AX

1.12%

FGX.AX

0.37%

FGG.AX

-0.6%

GLF.AX

-1.58%

GDG.AX

-2.3%

GNE.AX

-0.46%

GMD.AX

4.89%

GNP.AX

GMG.AX

0.38%

GPT.AX

0.3%

GQG.AX

-2.36%

GNG.AX

1.95%

GNC.AX

0.76%

GGP.AX

1.89%

GOZ.AX

-0.69%

GCI.AX

0.24%

GYG.AX

1.37%

GWA.AX

-1.46%

HSN.AX

1.45%

HVN.AX

0.1%

HGH.AX

-0.5%

HM1.AX

0.34%

HLI.AX

-9.93%

HMC.AX

-1.39%

HDN.AX

-1.94%

HUB.AX

-4.18%

IEL.AX

0.93%

IGO.AX

-1.36%

ILU.AX

1.85%

IMD.AX

-1.38%

IMR.AX

3.61%

IFT.AX

2.2%

INA.AX

0.7%

ING.AX

0.23%

IAG.AX

0.42%

IDX.AX

-1.2%

IPG.AX

1.68%

IPX.AX

-2.12%

IPH.AX

-1.57%

IRE.AX

1.83%

JHX.AX

-1.64%

JBH.AX

0.03%

JDO.AX

-3.93%

JMS.AX

-0.94%

KAR.AX

-1.96%

KLS.AX

-1.05%

KCN.AX

0.38%

KKC.AX

-0.47%

GLS.AX

0.5%

LGF.AX

2.04%

L1G.AX

1.4%

LSF.AX

-0.23%

LRV.AX

3.37%

LFS.AX

-1.12%

LLC.AX

-1.18%

LFG.AX

-1.51%

360.AX

2.89%

LIC.AX

-0.37%

LNW.AX

-1.78%

LIN.AX

5.07%

LTR.AX

-4.71%

LOV.AX

-3.28%

LYL.AX

-1.97%

LYC.AX

2.62%

MA1.AX

0.25%

MAF.AX

-2.23%

MGH.AX

-0.18%

MAH.AX

4.7%

MQG.AX

-0.75%

MAQ.AX

-0.33%

MAD.AX

1.76%

MFG.AX

1.09%

MMS.AX

-2.71%

MPL.AX

-0.78%

MP1.AX

4.27%

MCY.AX

-2.42%

MEZ.AX

0.64%

MSB.AX

-4.73%

MLX.AX

1.6%

MTS.AX

-0.17%

MOT.AX

-0.93%

MXT.AX

0.52%

MFF.AX

0.58%

MIN.AX

-1.7%

MI6.AX

9.4%

MIR.AX

-0.75%

MGR.AX

0.43%

MND.AX

1.11%

MYS.AX

-1.24%

NAN.AX

-1.29%

NAB.AX

-1.28%

NGI.AX

1.05%

NWL.AX

-4.49%

NEU.AX

-0.88%

NHC.AX

-0.46%

NEM.AX

1.73%

NWS.AX

-1.25%

NXG.AX

0.32%

NXT.AX

7.89%

NHF.AX

-0.81%

NCK.AX

0.2%

NIC.AX

2.31%

NEC.AX

1.02%

NST.AX

2.73%

NWH.AX

2.5%

NUF.AX

1.43%

OCL.AX

2.71%

OML.AX

-0.64%

OPH.AX

1.61%

OBM.AX

2.99%

ORI.AX

1.73%

ORG.AX

1.38%

ORA.AX

1.05%

PDN.AX

1.3%

PNR.AX

1.25%

PPC.AX

-2.92%

PPM.AX

-2.16%

PRN.AX

0.94%

PPT.AX

0.52%

PCI.AX

PRU.AX

3.23%

PXA.AX

-0.13%

PNI.AX

-2.01%

PL8.AX

0.35%

PLS.AX

-1.19%

PGF.AX

2.48%

PNV.AX

-2.32%

PDI.AX

8.47%

PMV.AX

-0.49%

PME.AX

-3.27%

PWH.AX

1.65%

PYC.AX

0.93%

QAN.AX

0.3%

QBE.AX

-0.57%

QAL.AX

-0.93%

QRI.AX

-0.32%

RMS.AX

3.46%

RHC.AX

1.05%

REA.AX

1.53%

RDX.AX

-0.13%

REH.AX

-0.31%

RF1.AX

1.14%

RPL.AX

-2.86%

RG1.AX

RGN.AX

0.21%

REG.AX

-0.57%

RRL.AX

4.51%

RWC.AX

-0.81%

RMD.AX

-0.85%

RSG.AX

1.36%

SGLLV.AX

0.22%

RIC.AX

1.28%

RIO.AX

-0.58%

RXL.AX

4.73%

RFF.AX

RYM.AX

8.82%

SFR.AX

1.62%

STO.AX

-1.02%

SCG.AX

SEK.AX

1.42%

SHV.AX

4.88%

SRV.AX

-0.32%

SSM.AX

0.78%

SGH.AX

0.45%

SHA.AX

2.96%

SIG.AX

-1.37%

SLX.AX

2.91%

SGM.AX

1.71%

SDR.AX

2.4%

SKS.AX

4.46%

SKC.AX

-1.02%

SIQ.AX

-1.28%

SHL.AX

-2.65%

S32.AX

6.13%

SX2.AX

1.98%

SXE.AX

4.05%

SPK.AX

-1.44%

SRG.AX

1.28%

SBM.AX

5.88%

SMR.AX

-1.8%

SDF.AX

SGP.AX

0.12%

SKG.AX

-0.76%

SNZ.AX

SUN.AX

0.05%

SRL.AX

1.11%

SUL.AX

0.3%

SLC.AX

3.54%

SNL.AX

-3.73%

SYL.AX

1.1%

TAH.AX

3.45%

TEA.AX

1.72%

TNE.AX

2.84%

TLX.AX

1.72%

TLS.AX

-1.58%

TPW.AX

-1.57%

A2M.AX

0.14%

TLC.AX

-0.45%

SGR.AX

TVN.AX

4.72%

THL.AX

0.84%

TWR.AX

-1.27%

TPG.AX

-1.54%

TCL.AX

-1.89%

TWE.AX

-2.12%

TUA.AX

-2.2%

TCG.AX

UNI.AX

-2.15%

VAU.AX

4.89%

VNT.AX

-0.08%

VCX.AX

0.57%

VGN.AX

3.66%

VEA.AX

2.06%

VUL.AX

-2.42%

VSL.AX

1.17%

VYS.AX

1.04%

WA1.AX

-0.09%

WGN.AX

-0.49%

WAM.AX

-0.95%

WGB.AX

-1.35%

WLE.AX

-1.44%

SOL.AX

1.38%

WPR.AX

0.41%

WQG.AX

0.98%

WEB.AX

0.85%

WBT.AX

2.13%

WES.AX

-1.48%

WAF.AX

3.25%

WGX.AX

2.7%

WBC.AX

-1.46%

WHF.AX

1.05%

WHC.AX

-0.79%

WIA.AX

3.66%

WC8.AX

WTC.AX

0.83%

WDS.AX

0.99%

WOW.AX

WOR.AX

-0.51%

XRO.AX

1.87%

YAL.AX

3.7%

ZIM.AX

2.82%

ZIP.AX

-1.92%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	146.53	-0.05	-0.03
SSO ASX Small Caps	14.18	0.01	0.07
IVV S&P 500	71.01	0.07	0.1
NDQ Nasdaq	59.99	0.44	0.74
F100 FTSE 100	14.99	-0.11	-0.73
ASIA Asia Tech	20.13	0.87	4.52
IEU Europe	97.02	-0.28	-0.29
IEM Emerging Markets	93.43	2.43	2.67
Gold Gold	53.01	0.53	1.01
ACDC Battery Tech	125.65	1.01	0.81

COMMODITIES	Close($)	-/+	%
Gold	4,066.28	60.5722	1.51
Silver	58.40	1.9883	3.52
Platinum	1,617.67	23.6712	1.49
Palladium	1,279.50	26.9034	2.15
Ice Brent Crude	88.81	0.71	0.81
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7009	0.0015	0.21
Euro	1.1417	0.0007	0.06
British Pound	1.3446	0.0018	0.13
Canadian Dollar	1.4072	0.0003	0.02
New Zealand Dollar	0.5861	0.0024	0.41
Chinese Yuan	6.7649	-0.0019	-0.03
Japanese Yen	162.4800	-0.01	-0.01

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.67	7.2%	95.31%	0.30 0.85
BGL	Bellevue Gold Ltd	1.26	5.67%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	58.11	0.98%	42.81%	39.18 65.98
FMG	Fortescue Ltd	18.58	-1.01%	10.41%	17.34 23.38
NHC	New Hope Corporation Ltd	5.36	-0.37%	32.51%	3.77 6.17
WHC	Whitehaven Coal Ltd	7.56	-0.92%	23.66%	5.94 9.90
NEM	Newmont Cdi	130.73	1.74%	0.00%	91.28 190.91
NXG	Nexgen Ene Cdi	12.54	0.24%	0.00%	9.98 20.47
SFR	Sandfire Resources Ltd	18.17	1.74%	63.11%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
BNZ	Benz Mining-cdi	2.82	17.5
AMI	Aurelia Metals	0.33	14.66
AXQ	Aura Consolidate	4.10	12.95
MI6	Minerals 260	0.64	9.4
TCG	Turaco Gold	0.55	9
RYM	Ryman Healthcare	1.85	8.82
PDI	Predictive Disco	0.67	8.47
NXT	Nextdc	14.08	7.89
CAT	Catapult Sports	3.61	7.76
A1M	Aic Mines	0.67	6.4

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
HLI	Helia Group	5.08	-9.93
MSB	Mesoblast	2.32	-4.73
LTR	Liontown	1.22	-4.71
APE	Eagers Automotiv	20.97	-4.68
NWL	Netwealth Group	21.93	-4.49
EQR	Eq Resources	0.28	-4.24
HUB	Hub24	81.36	-4.18
JDO	Judo Capital Hol	0.92	-3.93
SNL	Supply Network	31.07	-3.73
DTR	Dateline Resourc	0.14	-3.57

OPINION

Latest Market Matters Opinions

21/07/2026 09:30

First Up

The ASX 200 slipped less than 0.1% on Monday after a promising start was snuffed out by heightened geopolitical uncertainty, which weighed on risk sentiment. The winners & losers on the main board were exactly evenly matched, a rare occurrence which, as a point of interest only occurs once in every 210 sessions according to Bloomberg - as we keep saying, the local market is rotating between stocks as opposed to moving in any clear direction.

21/07/2026 09:29

US S&P 500 Index

US stocks retreated overnight with the S&P 500 closing down 0.2% as the US completed its 9th consecutive day of strikes on Iran. Elsewhere, US equities finished mixed overnight, with the Dow falling 0.6% while the Nasdaq rose less than 0.1% after rallying more than 1% intraday. The Dow underperformed as losses in heavyweight constituents, including Apple (-2.6%) and Tesla (-1.9%), weighed on the index, while financials edged lower after a good run.

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Market Matters Content

What Matters Today: Has Lithium bottomed? Why we’re reconsidering our bearish stance.

Morning report 21/07/2026

Afternoon Report

The Match Out: A quiet start to the week despite deteriorating news from the Middle East

Afternoon report 20/07/2026

Ask James ASK A QUESTION

Ask James

Question asked 17/07/2026

Current view on Worley (ASX: WOR), Whitehaven (ASX: WHC), Sandfire (ASX: SFR) and Mirvac (ASX: MGR)

Hi guys, would love to know your current view on a few positions in the growth portfolio - how you feel about how the buying thesis is playing out, your current levels of 'comfort' in these positions, I note they are all marked active, so would MM be buyers at these levels if you weren't in them already. Has anything changed? More conviction about some of theses? The positions are: WOR, WHC, SFR and MGR. Thanks so much for your analysis.

Ask James

Question asked 17/07/2026

Lithium and Junior’s

Hi M&M, Your Stock Broking Skills made me a good sum of cash on LTR, Thank you. I am wondering, is it a good time to accumulate lithium stocks? Is it a good time to buy some of the junior lithium stocks, on a short- or long-term basis, because the price of lithium has fallen. You spoke about Patriot Battery Metals Inc. (PMT) a while back stating, “If the Li price does turn the company could be on a majors shopping list”. PMT is actively developing its Corvette project in Quebec, one of the largest spodumene lithium deposits globally. If not this junior, what other juniors would you consider. Thank you.

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