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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

AAI.AX

-2.91%

29M.AX

-0.76%

4DX.AX

-1.9%

ABG.AX

-0.31%

AIS.AX

-4.26%

AGL.AX

2.51%

A1M.AX

-6.53%

AIZ.AX

0.8%

ALK.AX

-1.24%

A4N.AX

-6.73%

ALQ.AX

-0.63%

AMC.AX

0.4%

AOV.AX

-0.36%

AMP.AX

-0.6%

AEL.AX

-0.43%

ALD.AX

1.99%

ANN.AX

0.45%

ANZ.AX

1.08%

APA.AX

0.09%

ARU.AX

-3.13%

ARB.AX

2.6%

ARF.AX

2.75%

ARG.AX

0.44%

ALL.AX

1.03%

APZ.AX

-1.06%

ASX.AX

0.65%

ALX.AX

0.39%

AIA.AX

-1.49%

AXQ.AX

-2.65%

AMI.AX

-0.57%

AZJ.AX

0.94%

AFI.AX

0.29%

AUC.AX

-0.78%

ABB.AX

-0.49%

ASB.AX

-0.13%

AUB.AX

0.86%

AAC.AX

0.77%

ACL.AX

-1.2%

AUI.AX

0.59%

BOQ.AX

2.69%

BMN.AX

-5.22%

BAP.AX

1.31%

BCI.AX

-1.77%

BPT.AX

0.59%

BGA.AX

0.31%

BGL.AX

-2.68%

BEN.AX

1.4%

BNZ.AX

-5.47%

BHP.AX

-1.59%

BKI.AX

0.28%

BC8.AX

-3.13%

XYZ.AX

-1.77%

BSL.AX

-0.4%

BOE.AX

-8.18%

BXB.AX

1.55%

BVS.AX

-1.54%

BRE.AX

-11.64%

BRG.AX

0.32%

BTR.AX

-1.85%

BFL.AX

BWP.AX

0.56%

CMM.AX

-2.03%

CSC.AX

-2.95%

CAR.AX

0.29%

CIN.AX

0.29%

CYL.AX

-2.29%

CAT.AX

-1.25%

CWP.AX

-1.68%

CNI.AX

-3.02%

CIP.AX

COF.AX

2.42%

CGF.AX

-0.8%

CIA.AX

-2.69%

CLW.AX

CHC.AX

-1.94%

CQR.AX

0.43%

CQE.AX

0.22%

CNU.AX

-1.95%

C79.AX

-3.99%

CVL.AX

-0.6%

CU6.AX

-6.25%

CWY.AX

-0.38%

CBO.AX

-0.68%

COH.AX

0.33%

CDA.AX

-3.34%

CGS.AX

-1.58%

COL.AX

1.2%

CKF.AX

0.83%

CPU.AX

1.1%

CEN.AX

-2.17%

CXO.AX

-5.43%

CCP.AX

1.19%

CMW.AX

-1.49%

CSL.AX

0.16%

CCL.AX

-2.96%

CBA.AX

1.51%

DYL.AX

-5.05%

DBI.AX

0.81%

DRR.AX

0.63%

DVP.AX

-5.08%

DXI.AX

-0.22%

DXS.AX

0.44%

DDR.AX

-3.3%

DGT.AX

-5.19%

DJW.AX

-0.34%

DMP.AX

DOW.AX

DPM.AX

-0.1%

DRO.AX

-0.82%

DUR.AX

-2.76%

DNL.AX

-0.62%

APE.AX

0.28%

EBO.AX

-0.85%

ELD.AX

0.38%

EOS.AX

-3.8%

ELV.AX

-7.57%

ELS.AX

-10.3%

EHL.AX

1.55%

EMR.AX

-2.22%

EDV.AX

0.66%

DTL.AX

-1.45%

EQR.AX

-0.83%

EQT.AX

-1.85%

EUR.AX

-1.35%

EVN.AX

-1.6%

EVT.AX

0.41%

FPH.AX

0.72%

FDC.AX

-0.52%

FCL.AX

1.11%

FFM.AX

-2.26%

FPR.AX

-0.21%

FBU.AX

0.19%

FLT.AX

0.44%

FML.AX

-2.22%

FRS.AX

FMG.AX

-3.01%

FRW.AX

-0.1%

FGX.AX

0.76%

FGG.AX

0.31%

GLF.AX

-3.64%

GDG.AX

GNE.AX

-1.02%

GMD.AX

-2.29%

GNP.AX

1.83%

GMG.AX

-0.68%

GPT.AX

0.77%

GQG.AX

-2.01%

GNG.AX

-1.51%

GNC.AX

0.45%

GGP.AX

-2.1%

G6M.AX

8.33%

GOZ.AX

-0.26%

GCI.AX

GYG.AX

0.15%

GWA.AX

HSN.AX

-1.49%

HVN.AX

0.61%

HGH.AX

0.5%

HM1.AX

HLI.AX

1.14%

HMC.AX

0.69%

HDN.AX

HUB.AX

-1.39%

IEL.AX

0.68%

IGO.AX

-6.28%

ILU.AX

-2.29%

IMD.AX

-3.46%

IMR.AX

-0.34%

IFT.AX

-0.28%

INA.AX

0.11%

ING.AX

-0.72%

IAG.AX

0.67%

IDX.AX

1.18%

IPG.AX

-1.45%

IPX.AX

-6.65%

IPH.AX

1.01%

IRE.AX

-0.45%

JHX.AX

-1.06%

JBH.AX

-0.5%

JDO.AX

0.84%

JMS.AX

1.96%

KAR.AX

-1.9%

KLS.AX

-1.51%

KCN.AX

-1.89%

KKC.AX

GLS.AX

-1.32%

L1G.AX

LSF.AX

-1.77%

LGF.AX

1.35%

LFS.AX

-1.25%

LLC.AX

-2.22%

LFG.AX

0.63%

360.AX

-0.83%

LNW.AX

0.84%

LIN.AX

-6.18%

LTR.AX

-5.33%

LOV.AX

1.93%

LYL.AX

-2.9%

LYC.AX

-4.66%

MA1.AX

1.63%

MAF.AX

-1.92%

MGH.AX

-0.51%

MAH.AX

-0.86%

MQG.AX

-0.41%

MAQ.AX

-5.25%

MAD.AX

-0.95%

MFG.AX

0.58%

MMS.AX

0.87%

MPL.AX

0.54%

MP1.AX

-3.76%

MCY.AX

0.56%

MEZ.AX

-2.67%

MSB.AX

-1.7%

MLX.AX

-4.31%

MTS.AX

MEI.AX

-4.26%

MOT.AX

0.33%

MXT.AX

-3.04%

MFF.AX

0.58%

MIN.AX

-7.6%

MI6.AX

2.11%

MIR.AX

2.59%

MGR.AX

1.1%

MND.AX

0.36%

MYS.AX

0.61%

NAN.AX

0.18%

NAB.AX

1.3%

NGI.AX

-0.89%

NWL.AX

-2.98%

NEU.AX

-1.83%

NHC.AX

NMG.AX

-0.81%

NEM.AX

-1.07%

NWS.AX

1.52%

NXG.AX

-1.75%

NXT.AX

-6.75%

NHF.AX

0.15%

NCK.AX

1.25%

NIC.AX

-4.05%

NEC.AX

-0.38%

NST.AX

-0.88%

NWH.AX

0.13%

NUF.AX

-0.32%

NXL.AX

-2.64%

OCL.AX

-1.61%

OML.AX

0.15%

OPH.AX

-0.86%

OBM.AX

-3.3%

ORI.AX

-0.54%

ORG.AX

2.58%

ORA.AX

-0.54%

PDN.AX

-3.85%

PNR.AX

-5.48%

PDI.AX

-3.65%

PPC.AX

0.32%

PPM.AX

0.29%

PRN.AX

-3.41%

PPT.AX

1.16%

PCI.AX

0.93%

PRU.AX

-1.95%

PXA.AX

-0.86%

PNI.AX

-1.88%

PL8.AX

0.36%

PLS.AX

-8.61%

PGF.AX

1.25%

PNV.AX

-1.32%

PMV.AX

0.64%

PME.AX

-1.64%

PWH.AX

1.85%

PYC.AX

-9%

QAN.AX

-3.33%

QBE.AX

1.17%

QRI.AX

1.39%

QAL.AX

RMS.AX

-3.05%

RHC.AX

1.34%

REA.AX

1.78%

RDX.AX

2.17%

REH.AX

2.36%

RF1.AX

0.3%

RG1.AX

-0.41%

RPL.AX

-0.92%

RGN.AX

0.23%

REG.AX

-0.45%

RRL.AX

-2.58%

RWC.AX

0.21%

RMD.AX

2.25%

RSG.AX

-3.06%

SGLLV.AX

1.64%

RIC.AX

-0.2%

RIO.AX

-3.2%

RXL.AX

-2.61%

RFF.AX

-0.13%

RYM.AX

2.13%

SFR.AX

-3.86%

STO.AX

1.25%

SCG.AX

0.15%

SEK.AX

-0.08%

SHV.AX

-1.45%

SRV.AX

-0.91%

SGH.AX

0.32%

SHA.AX

-0.39%

SIG.AX

0.18%

SLX.AX

-6.06%

SGM.AX

-2.32%

SDR.AX

-3.48%

SKS.AX

-2.88%

SKC.AX

0.93%

SIQ.AX

0.97%

SHL.AX

-0.22%

S32.AX

-3.69%

SX2.AX

-2.49%

SPK.AX

-0.64%

SRG.AX

-0.38%

SSM.AX

0.44%

SBM.AX

-2.2%

SMR.AX

-0.76%

SDF.AX

-0.09%

SXE.AX

1.5%

SGP.AX

-0.96%

SKG.AX

-1.88%

SNZ.AX

-2.91%

SUN.AX

0.63%

SRL.AX

-4.55%

SUL.AX

1.41%

SLC.AX

-2.44%

SNL.AX

0.78%

SYL.AX

-1.48%

TAH.AX

0.58%

TEA.AX

-0.23%

TNE.AX

-1.86%

TLX.AX

-3.07%

TLS.AX

-0.86%

A2M.AX

-0.38%

TLC.AX

2.35%

SGR.AX

-2%

THL.AX

1.8%

TWR.AX

TPG.AX

0.14%

TCL.AX

1.21%

TWE.AX

0.35%

TUA.AX

-1.26%

TCG.AX

-0.9%

TRA.AX

UNI.AX

VAU.AX

-1.79%

VNT.AX

0.58%

VCX.AX

-0.43%

VGN.AX

-1.11%

VMM.AX

-7.08%

VGL.AX

-2.21%

VEA.AX

0.79%

VUL.AX

-10.77%

VSL.AX

1.55%

WA1.AX

-6.81%

WGN.AX

1.64%

WGB.AX

-0.25%

WLE.AX

-0.4%

WAM.AX

SOL.AX

1.23%

WPR.AX

0.72%

WQG.AX

1.49%

WEB.AX

-0.59%

WBT.AX

-3.44%

WES.AX

0.49%

WAF.AX

-1.74%

WGX.AX

-2.78%

WBC.AX

1.27%

WHF.AX

-0.54%

WHC.AX

0.39%

WIA.AX

-2.17%

WTC.AX

-3.4%

WDS.AX

1.41%

WOW.AX

1.48%

WOR.AX

-1.37%

XRO.AX

-2.67%

YAL.AX

1.45%

ZIM.AX

-0.71%

ZIP.AX

-6.36%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	146.44	-0.1	-0.07
SSO ASX Small Caps	13.94	-0.18	-1.27
IVV S&P 500	74.41	-0.25	-0.33
NDQ Nasdaq	63.50	-1.12	-1.73
F100 FTSE 100	15.17	0.07	0.46
ASIA Asia Tech	19.82	-1.25	-5.93
IEU Europe	94.95	-0.41	-0.43
IEM Emerging Markets	94.02	-2.57	-2.66
Gold Gold	54.85	-0.09	-0.16
ACDC Battery Tech	113.05	-4.44	-3.78

COMMODITIES	Close($)	-/+	%
Gold	4,178.27	7.1732	0.17
Silver	60.26	-0.0522	-0.09
Platinum	1,692.05	6.5207	0.39
Palladium	1,141.45	-2.1233	-0.19
Ice Brent Crude	106.12	1.4	1.34
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6957	-0.0002	-0.03
Euro	1.1170	0.0017	0.15
British Pound	1.3217	0.0011	0.08
Canadian Dollar	1.4266	-0.0016	-0.11
New Zealand Dollar	0.5591	0.0005	0.09
Chinese Yuan	6.6959	0.0034	0.05
Japanese Yen	158.3000	-0.27	-0.17

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.82	-6.82%	109.52%	0.42 0.94
BGL	Bellevue Gold Limited	1.45	-3.02%	21.22%	1.06 2.00
BHP	Bhp Group Ltd	61.46	-1.55%	47.87%	40.18 68.77
FMG	Fortescue Ltd	15.31	-2.98%	-17.64%	15.34 23.38
NHC	New Hope Corporation Ltd	6.02	0.08%	53.32%	3.77 6.61
WHC	Whitehaven Coal Limited	7.81	0.39%	19.69%	6.42 9.90
NEM	Newmont Cdi	166.59	-1.09%	0.00%	117.59 190.91
NXG	Nexgen Ene Cdi	12.34	-1.75%	0.00%	11.72 20.47
SFR	Sandfire Resources Limited	21.89	-3.95%	41.29%	14.41 25.00

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
G6M	Group 6 Metals L	2.99	8.33
ARF	Arena Reit	2.43	2.75
BOQ	Bank Of Queensla	6.68	2.69
ARB	Arb Corp	17.35	2.6
MIR	Mirrabooka	2.38	2.59
ORG	Origin Ene Fpo	11.53	2.58
AGL	Agl Energy Limit	8.77	2.51
COF	Centuria Office	0.85	2.42
REH	Reece Australia	17.32	2.36
TLC	The Lottery Corp	5.23	2.35

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
BRE	Brazilian Rare	2.58	-11.64
VUL	Vulcan Energy	1.22	-10.77
ELS	Elsight	3.57	-10.3
PYC	Pyc Therapeutics	2.18	-9
PLS	Pls Group Limite	3.08	-8.61
BOE	Boss Energy	1.26	-8.18
MIN	Mineral Resource	45.35	-7.6
ELV	Elevra Lth Fpo	4.22	-7.57
VMM	Viridis Mining A	3.35	-7.08
WA1	Wa1 Resources	8.08	-6.81

OPINION

Latest Market Matters Opinions

13/10/2026 10:12

The Bottom Line

This morning we’ve deliberately avoided discussing Firmus at length, there’s plenty of coverage elsewhere, instead we’ve focused on alternatives on the ASX although each company has its own characteristic. However, the overreaching factor weighing on the sector is the bond market as risk free money pays a higher return:

13/10/2026 10:11

Goodman Group (ASX: GMG) $26.64

We discussed GMG at length 2-weeks ago here, after they delivered a solid FY26 result, with operating EPS increasing 10%, although FY27 growth guidance of 9% was slightly below expectations. Its data centre opportunity continues to expand rapidly, with development work in progress (WIP) up 53% to $19.7bn, of which 78% is allocated to data centres. The strategic shift towards fully fitted facilities should allow GMG to capture a greater share of the AI infrastructure investment boom, although this also comes with higher capital requirements and increased execution risk.

ACTION

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Market Matters Content

What Matters Today: How should we value AI Infrastructure stocks after the Firmus debacle?

Morning report 13/10/2026

Afternoon Report

The Match Out: ASX extends rebound, Banks and Miners lead the way

Afternoon report 12/10/2026

Ask James ASK A QUESTION

Ask James

Question asked 10/10/2026

BetaShares Global Banks Currency Hedged ETF (ASX: BNKS)

Hi guys, Appreciate your answers to my previous questions. Like many Aussie investors in search of better opportunities, I've been allocating funds to ASX listed ETFs with overseas exposure. One that has been sitting on my watch list is BNKS, which has had a phenomenal performance over the past three years. It recently dropped to $13.5, the lowest in three months. I believe the drop in price is associated to bond yields going up. What's your opinion of this ETF and could it be a better alternative for financials exposure in the portfolio, instead of our stagnant local banks? Obviously considering a growth oriented portfolio as opposed to one chasing yield. Is BNKS overvalued despite the current price drop? Thanks, Angela

Ask James

Question asked 10/10/2026

Xero Ltd (ASX: XRO)

Hi MM, I haven't looked at XRO for a while. To my surprise it's now trading around $55 to $56. Do you considerate it a buy or strong buy into its first half results next month or are you not quite as positive on its prospects? Thanks Darren

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