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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

-5.8%

ABG.AX

-0.25%

ASK.AX

-0.7%

AIS.AX

2.41%

AGL.AX

0.11%

AIZ.AX

AAI.AX

7.26%

ALK.AX

4.79%

A4N.AX

6.06%

ALQ.AX

0.54%

AMC.AX

2.01%

AOV.AX

-1.14%

AMP.AX

-0.47%

AEL.AX

3.13%

ALD.AX

-3.53%

ANN.AX

1.37%

ANZ.AX

0.54%

APA.AX

-0.39%

ARU.AX

-11.29%

ARB.AX

1.5%

ARF.AX

-0.31%

ARG.AX

1.15%

ALL.AX

-0.38%

AYA.AX

0.63%

APZ.AX

2.12%

ASX.AX

-0.99%

ALX.AX

-0.31%

AUB.AX

1.01%

AIA.AX

2.55%

AZJ.AX

-0.83%

ABB.AX

-1.6%

ASB.AX

-1.3%

AAC.AX

-2.22%

AFI.AX

0.31%

AUI.AX

0.18%

BOQ.AX

-0.63%

BMN.AX

1.92%

BCI.AX

-2.11%

BPT.AX

-1.33%

BGA.AX

0.46%

BGL.AX

3.76%

BEN.AX

-0.48%

BNZ.AX

BHP.AX

1.07%

BKI.AX

0.28%

BC8.AX

8.85%

XYZ.AX

-0.27%

BSL.AX

1.86%

BMC.AX

9.06%

BOE.AX

2.38%

BXB.AX

1.2%

BVS.AX

1.54%

BRE.AX

BRG.AX

0.95%

BGP.AX

BFL.AX

0.98%

BWP.AX

0.66%

CMM.AX

5.73%

CSC.AX

1.45%

CAR.AX

-4.59%

CIN.AX

-0.18%

CYL.AX

5.18%

CAT.AX

-9.8%

CWP.AX

0.58%

CNI.AX

1.5%

CIP.AX

1.02%

COF.AX

CHN.AX

2.42%

CGF.AX

-1.11%

CIA.AX

2.03%

CHI.AX

CHC.AX

4.97%

CLW.AX

CQR.AX

-0.52%

CQE.AX

CNU.AX

-0.72%

C79.AX

1.3%

CVL.AX

0.6%

CU6.AX

-3.28%

CWY.AX

2.01%

CBO.AX

-0.26%

COH.AX

-0.54%

CDA.AX

0.1%

COL.AX

-0.12%

CKF.AX

0.76%

CBA.AX

-0.43%

CPU.AX

-1.3%

CEN.AX

0.78%

CXO.AX

-3.39%

CCP.AX

-1.17%

CMW.AX

1.81%

CSL.AX

-1.46%

CCL.AX

0.42%

DBI.AX

-1.79%

DTL.AX

-0.06%

DTR.AX

2.56%

DYL.AX

1.54%

DRR.AX

1.65%

DVP.AX

DXS.AX

-0.16%

DXI.AX

1.26%

DDR.AX

0.06%

DGT.AX

-2.63%

DJW.AX

DMP.AX

0.5%

DOW.AX

1.94%

DPM.AX

2.09%

DRO.AX

2.15%

DUR.AX

-3.36%

DNL.AX

0.54%

APE.AX

0.79%

EBO.AX

0.72%

EIQ.AX

-2.86%

ELD.AX

3.57%

EOS.AX

-2.93%

ELV.AX

-1.53%

ELS.AX

-1.73%

EHL.AX

1.44%

EMR.AX

3.57%

EDV.AX

0.49%

ERA.AX

EQR.AX

4.17%

EUR.AX

-1.72%

EVN.AX

4.56%

EVT.AX

-0.04%

FCL.AX

-4.81%

FFM.AX

4.55%

FPH.AX

-1.12%

FPR.AX

1.43%

FBU.AX

1.99%

FLT.AX

1.8%

FML.AX

1.8%

FRS.AX

-0.81%

FMG.AX

FRW.AX

FGX.AX

1.53%

FGG.AX

-0.3%

GLN.AX

GLF.AX

-0.43%

GDG.AX

-0.86%

GNE.AX

0.75%

GMD.AX

7.03%

GNP.AX

1.98%

GMG.AX

-0.3%

GPT.AX

1.99%

GQG.AX

-3.08%

GNG.AX

0.97%

GNC.AX

2.31%

GGP.AX

6.13%

GOZ.AX

0.93%

GCI.AX

GYG.AX

1.46%

GWA.AX

0.48%

HSN.AX

-0.63%

HVN.AX

0.68%

HGH.AX

HM1.AX

1.43%

HLI.AX

-0.91%

HMC.AX

-0.18%

HDN.AX

0.4%

HUB.AX

1.22%

IEL.AX

-0.75%

IGO.AX

0.11%

ILU.AX

1.12%

IMD.AX

-0.35%

IMR.AX

-2.2%

IFT.AX

0.23%

INA.AX

-1.7%

ING.AX

1.91%

IAG.AX

-1.91%

IDX.AX

-0.48%

IPG.AX

1.69%

IPX.AX

6.04%

IPH.AX

1.05%

IRE.AX

1.48%

JHX.AX

3.09%

JBH.AX

1.98%

JDO.AX

0.72%

JMS.AX

0.96%

KAR.AX

-4.98%

KLS.AX

-0.96%

KCN.AX

4.94%

KKC.AX

-0.96%

GLS.AX

-0.56%

LGF.AX

-0.51%

L1G.AX

LSF.AX

LRV.AX

0.38%

LFS.AX

-2.15%

LLC.AX

-1.06%

LFG.AX

360.AX

2.68%

LIC.AX

4.71%

LNW.AX

0.72%

LIN.AX

2.11%

LTR.AX

-1.08%

LOV.AX

1.14%

LYL.AX

0.78%

LYC.AX

1.56%

MA1.AX

0.25%

MAF.AX

-0.93%

MGH.AX

1.31%

MAH.AX

5.46%

MQG.AX

-0.88%

MAQ.AX

-1.33%

MAD.AX

-0.54%

MFG.AX

-1.27%

MAU.AX

1.57%

MMS.AX

-0.16%

MPL.AX

0.94%

MP1.AX

2.99%

MCY.AX

4.51%

MEZ.AX

-0.21%

MSB.AX

-1.42%

MLX.AX

-0.57%

MTS.AX

0.82%

MEI.AX

-1.35%

MOT.AX

0.57%

MXT.AX

MFF.AX

0.4%

MIN.AX

2.33%

MI6.AX

3.25%

MIR.AX

-0.4%

MGR.AX

1.04%

MND.AX

0.43%

MYS.AX

-0.67%

NAN.AX

-6.69%

NAB.AX

1.08%

NGI.AX

2.07%

NWL.AX

0.13%

NEU.AX

4.68%

NHC.AX

3.91%

NEM.AX

4.91%

NWS.AX

-1.57%

NXG.AX

1.95%

NXT.AX

0.07%

NHF.AX

1.62%

NCK.AX

1.87%

NIC.AX

1.49%

NEC.AX

-2.13%

NST.AX

4.83%

NWH.AX

1.05%

NUF.AX

1.45%

OCL.AX

-0.79%

OML.AX

-1.82%

OPH.AX

1.9%

OBM.AX

4.7%

ORI.AX

0.96%

ORG.AX

-0.28%

ORA.AX

0.38%

PDN.AX

3.7%

PNR.AX

4.31%

PPC.AX

1.77%

PE1.AX

3.19%

PPM.AX

-1.5%

PRN.AX

1.43%

PPT.AX

-1.08%

PCI.AX

-0.46%

PRU.AX

3.34%

PXA.AX

-1.62%

PNI.AX

-3.29%

PL8.AX

-0.36%

PLS.AX

0.63%

PGF.AX

2.08%

PNV.AX

8.81%

PDI.AX

-1.39%

PMV.AX

-1.02%

PME.AX

-1.24%

PWH.AX

0.54%

PYC.AX

-1.84%

QAN.AX

5.36%

QBE.AX

-1.97%

QAL.AX

-2.23%

QRI.AX

-0.32%

QUB.AX

-0.1%

RMS.AX

4.84%

RHC.AX

-0.84%

REA.AX

-1.94%

RDX.AX

1.35%

REH.AX

0.73%

RF1.AX

1.72%

RPL.AX

RG1.AX

-0.43%

RGN.AX

REG.AX

4.24%

RRL.AX

2.28%

RWC.AX

0.63%

RMD.AX

-1.16%

RSG.AX

10%

SGLLV.AX

1.5%

RIC.AX

2.04%

RIO.AX

1.54%

RXL.AX

3.01%

RFF.AX

0.38%

RYM.AX

SFR.AX

3.06%

SMI.AX

1.72%

STO.AX

-3.09%

SCG.AX

0.67%

SEK.AX

-5.19%

SHV.AX

-3.64%

SRV.AX

SSM.AX

-1.3%

SGH.AX

-0.18%

SHA.AX

-0.94%

SIG.AX

-0.69%

SLX.AX

3.52%

SGM.AX

4.11%

SDR.AX

-0.18%

SKS.AX

4.03%

SIQ.AX

-1.72%

SHL.AX

0.46%

S32.AX

2.3%

SX2.AX

5.19%

SXE.AX

0.53%

SPK.AX

-0.61%

SRG.AX

0.49%

SBM.AX

6.76%

SMR.AX

7.23%

SDF.AX

-1.09%

SGP.AX

1.26%

SNZ.AX

SUN.AX

-0.97%

SRL.AX

4.09%

SUL.AX

0.45%

SLC.AX

-0.85%

SNL.AX

0.02%

SYL.AX

2.35%

TAH.AX

TEA.AX

-0.82%

TNE.AX

0.75%

TLX.AX

4.28%

TLS.AX

-0.28%

TPW.AX

0.6%

A2M.AX

-0.71%

TLC.AX

-0.19%

SGR.AX

TVN.AX

5.36%

TWR.AX

0.82%

TPG.AX

-0.24%

TCL.AX

-0.21%

TWE.AX

3.11%

TUA.AX

-3.46%

TCG.AX

-0.46%

TRA.AX

VAU.AX

2.16%

VNT.AX

-0.41%

VCX.AX

0.39%

VGN.AX

6.12%

VEA.AX

-4.76%

VUL.AX

2.87%

VSL.AX

0.92%

WA1.AX

0.04%

WGN.AX

-3.23%

WAM.AX

-0.94%

WGB.AX

-1.37%

WLE.AX

0.38%

SOL.AX

0.08%

WPR.AX

WQG.AX

-0.8%

WEB.AX

3.45%

WBT.AX

-3.08%

WES.AX

0.79%

WAF.AX

3.82%

WGX.AX

4.33%

WBC.AX

0.6%

WHF.AX

1.05%

WHC.AX

9.38%

WIA.AX

1.03%

WC8.AX

-1.74%

WTN.AX

WTC.AX

-0.78%

WDS.AX

-3.91%

WOW.AX

0.49%

WOR.AX

1.36%

XRO.AX

0.01%

YAL.AX

8.09%

ZIM.AX

-1.71%

ZIP.AX

0.68%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	145.88	0.71	0.49
SSO ASX Small Caps	15.57	0	0
IVV S&P 500	70.13	0.43	0.62
NDQ Nasdaq	61.50	0.67	1.1
F100 FTSE 100	14.98	0.01	0.07
ASIA Asia Tech	21.11	0.36	1.73
IEU Europe	101.77	0.62	0.61
IEM Emerging Markets	94.13	0.51	0.54
Gold Gold	58.23	0.3	0.52
ACDC Battery Tech	175.27	4.3	2.52

COMMODITIES	Close($)	-/+	%
Gold	4,562.35	53.6225	1.19
Silver	77.71	2.2197	2.94
Platinum	1,963.20	40.4008	2.1
Palladium	1,381.92	33.6724	2.5
Ice Brent Crude	104.25	1.67	1.63
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7161	0.0037	0.52
Euro	1.1638	0.0036	0.31
British Pound	1.3477	0.005	0.37
Canadian Dollar	1.3805	-0.0015	-0.11
New Zealand Dollar	0.5870	0.0021	0.36
Chinese Yuan	6.7806	-0.0139	-0.2
Japanese Yen	158.8300	-0.36	-0.23

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%	79.71%	0.30 0.75
BGL	Bellevue Gold Ltd	1.59	3.92%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	60.38	1.05%	54.67%	35.52 62.72
FMG	Fortescue Ltd	21.71	0.98%	35.31%	14.31 23.38
NHC	New Hope Corporation Ltd	5.71	3.73%	48.65%	3.63 6.14
WHC	Whitehaven Coal Ltd	8.90	9.01%	50.83%	5.31 9.90
NEM	Newmont Cdi	158.47	4.93%	0.00%	80.26 190.91
NXG	Nexgen Ene Cdi	15.20	1.91%	0.00%	9.23 20.47
SFR	Sandfire Resources Ltd	19.20	3%	69.30%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
RSG	Resolute Mining	1.35	10
WHC	Whitehaven Coal	8.93	9.38
BMC	Bmc Minerals Cdi	3.49	9.06
BC8	Black Cat Syndic	1.14	8.85
PNV	Polynovo	1.24	8.81
YAL	Yancoal Australi	7.08	8.09
AAI	Alcoa Corpor Cdi	100.08	7.26
SMR	Stanmore Resourc	2.60	7.23
GMD	Genesis Minerals	6.32	7.03
SBM	St Barbara	0.59	6.76

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ARU	Arafura Rare Ear	0.28	-11.29
CAT	Catapult Sports	3.22	-9.8
NAN	Nanosonics	3.07	-6.69
4DX	4dmedical	3.41	-5.8
SEK	Seek	12.05	-5.19
KAR	Karoon Energy Lt	2.01	-4.98
FCL	Fineos Corporati	2.57	-4.81
VEA	Viva Energy Grp	2.20	-4.76
CAR	Car Group	23.68	-4.59
WDS	Woodside Energy	30.85	-3.91

OPINION

Latest Market Matters Opinions

25/05/2026 09:34

Shawn’s Trade Idea: Treasury Wine Estates Ltd (ASX: TWE) at $4.50

Recent substantial shareholder disclosure shows Billionaire Olivier Goudet and Luxembourg’s Platin raised his stake in Treasury Wine Estates with their voting power rising to 9.04%. Together they own 73 million shares after a series of on-market purchases. We believe the market will start to sniff some M&A on the horizon rerating the battered wine maker.

25/05/2026 09:33

Trading Ideas – Position Updates

We again start the week with no open positions after the long Fortescue Limited (ASX: FMG) position at $21.02, was stopped at $21.40, the choppy ASX is seeing few positions held for as long as we would like. This week we have cancelled our unfilled resting bid in the ATEC ETF and focused on an individual stock.

ACTION

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Market Matters Content

Macro Monday: Markets are pricing an imminent deal

Morning report 25/05/2026

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 22/05/2026

Credit Corp Ltd (ASX: CCP)

Thanks to the whole team there for a great service. I have run the ruler over CCP, and it seems to tick a lot of boxes...revenue growth, Profit growth, margins, yield, PE ratio. With higher inflation and increased interest rates, I believe their debt collection business will be stronger. Would be interested in your latest thoughts, and any negatives. thanks Bernie

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