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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

-3.3%

ABG.AX

-2.54%

ASK.AX

-0.71%

AIS.AX

6.96%

AGL.AX

-1.63%

A1M.AX

4.58%

AGI.AX

0.98%

AIZ.AX

1.39%

AAI.AX

0.54%

ALK.AX

-0.16%

A4N.AX

-0.32%

ALQ.AX

-1.55%

AMC.AX

-2.6%

AOV.AX

-0.32%

AMP.AX

-4.06%

ALD.AX

0.42%

ANN.AX

-1.93%

ANZ.AX

-3.08%

APA.AX

-0.89%

ARU.AX

4.72%

ARB.AX

-0.87%

ARF.AX

-1.42%

ARG.AX

-0.22%

ALL.AX

0.92%

AYA.AX

-2.61%

APZ.AX

ASX.AX

-1.59%

ALX.AX

0.4%

AUB.AX

0.84%

AIA.AX

0.15%

AMI.AX

-2.38%

AZJ.AX

0.48%

ABB.AX

-2.48%

ASB.AX

0.25%

AAC.AX

AFI.AX

0.15%

AUI.AX

-0.18%

BOQ.AX

-1.45%

BMN.AX

-4.68%

BCI.AX

2.9%

BPT.AX

0.46%

BGA.AX

-1.47%

BGL.AX

-0.65%

BEN.AX

-1.92%

BHP.AX

1.02%

BKI.AX

0.56%

BC8.AX

XYZ.AX

-0.36%

BSL.AX

0.33%

BMC.AX

0.33%

BOE.AX

-3.85%

BXB.AX

-0.89%

BVS.AX

2.08%

BRE.AX

-1.19%

BRG.AX

-1.07%

BGP.AX

BFL.AX

BWP.AX

-0.93%

CMM.AX

-2.41%

CSC.AX

2.44%

CAR.AX

4.5%

CIN.AX

-0.21%

CYL.AX

0.93%

CAT.AX

6.74%

CWP.AX

-2.11%

CNI.AX

0.53%

CIP.AX

-1.19%

COF.AX

-2.2%

CHN.AX

-1.73%

CGF.AX

-0.28%

CIA.AX

1.49%

CHI.AX

4.4%

CHC.AX

-1.9%

CLW.AX

-1.32%

CQR.AX

-1.9%

CQE.AX

-1.41%

CNU.AX

-0.76%

C79.AX

-1.96%

CVL.AX

-0.57%

CU6.AX

-0.64%

CWY.AX

-0.64%

CBO.AX

-1.61%

COH.AX

-4.38%

CDA.AX

-0.14%

COL.AX

-0.74%

CKF.AX

-1.25%

CBA.AX

-0.25%

CPU.AX

0.2%

CEN.AX

-1.73%

CXO.AX

2.34%

CCP.AX

2.56%

CMW.AX

-1.19%

CSL.AX

-1.79%

CCL.AX

-0.21%

DBI.AX

-0.27%

DTL.AX

0.05%

DTR.AX

-2.86%

DYL.AX

-6.27%

DRR.AX

-1.56%

DVP.AX

1.6%

DXS.AX

-2.62%

DXI.AX

-1.26%

DDR.AX

3.22%

DGT.AX

-4.33%

DJW.AX

DMP.AX

-6.09%

DOW.AX

-3.68%

DPM.AX

-2.72%

DRO.AX

3.06%

DUR.AX

-0.39%

DNL.AX

-1.9%

APE.AX

-4.23%

EBO.AX

1.44%

EIQ.AX

-0.36%

ELD.AX

-1.82%

EOS.AX

4.65%

ELV.AX

-2.15%

ELS.AX

-0.26%

EHL.AX

-1.42%

EMR.AX

EDV.AX

-0.52%

ERA.AX

EQR.AX

1.16%

EUR.AX

3.16%

EVN.AX

-1.05%

EVT.AX

-1.41%

FCL.AX

-0.41%

FFM.AX

7.01%

FPH.AX

-0.07%

FPR.AX

-0.89%

FBU.AX

-2.27%

FLT.AX

0.83%

FML.AX

1.48%

FRS.AX

-1.79%

FMG.AX

-1.64%

FRW.AX

FGX.AX

1.13%

FGG.AX

-0.3%

GLN.AX

-3.43%

GLF.AX

-1.3%

GDG.AX

0.49%

GNE.AX

0.71%

GMD.AX

-0.08%

GNP.AX

1.9%

GMG.AX

0.17%

GPT.AX

-2.39%

GQG.AX

-1.57%

GNG.AX

0.84%

GNC.AX

-1.7%

GGP.AX

-2.39%

GOZ.AX

-0.93%

GCI.AX

GYG.AX

-1.78%

GWA.AX

0.5%

HSN.AX

HVN.AX

-1.53%

HGH.AX

11.7%

HM1.AX

1.03%

HLI.AX

-1.94%

HMC.AX

-2.51%

HDN.AX

-1.63%

HUB.AX

-0.24%

IEL.AX

-1.9%

IGO.AX

-6.13%

ILU.AX

-1.32%

IMD.AX

-3.28%

IMR.AX

-0.28%

IFT.AX

-2.46%

INA.AX

-1.57%

ING.AX

-1.21%

IAG.AX

-1.3%

IDX.AX

-2.98%

IPG.AX

0.66%

IPX.AX

0.94%

IPH.AX

-1.56%

IRE.AX

-2.59%

JHX.AX

-2.7%

JBH.AX

-5.84%

JDO.AX

-4.22%

JMS.AX

0.94%

KAR.AX

0.25%

KLS.AX

0.94%

KCN.AX

-7.28%

KKC.AX

GLS.AX

-1.42%

LGF.AX

0.52%

L1G.AX

-3.29%

LSF.AX

0.92%

LRV.AX

3.75%

LFS.AX

LLC.AX

1.75%

LFG.AX

0.47%

360.AX

9.72%

LIC.AX

-0.29%

LNW.AX

0.02%

LIN.AX

10.13%

LTR.AX

-2%

LOV.AX

-3.07%

LYL.AX

1.57%

LYC.AX

0.72%

MA1.AX

0.51%

MAF.AX

-1.51%

MGH.AX

-2.89%

MAH.AX

-0.25%

MQG.AX

-0.54%

MAQ.AX

-1.1%

MAD.AX

-1.2%

MFG.AX

-0.58%

MAU.AX

0.26%

MMS.AX

-1.29%

MPL.AX

-0.53%

MP1.AX

MCY.AX

1.84%

MEZ.AX

1.67%

MSB.AX

-3.08%

MLX.AX

3.65%

MTS.AX

-1.3%

MEI.AX

5.56%

MOT.AX

-0.87%

MXT.AX

0.26%

MFF.AX

MIN.AX

-2.1%

MI6.AX

2.44%

MIR.AX

-0.4%

MGR.AX

-2.85%

MND.AX

-1.04%

MYS.AX

-1.56%

NAN.AX

-1.53%

NAB.AX

-0.45%

NGI.AX

-1.98%

NWL.AX

0.14%

NEU.AX

-2.99%

NHC.AX

-0.08%

NEM.AX

0.51%

NWS.AX

2.6%

NXG.AX

-1.76%

NXT.AX

0.58%

NHF.AX

-2.31%

NCK.AX

-3.42%

NIC.AX

0.47%

NEC.AX

-2.6%

NST.AX

13.29%

NWH.AX

-1.45%

NUF.AX

-2.21%

NXL.AX

OCL.AX

-0.26%

OML.AX

-0.19%

OPH.AX

1.13%

OBM.AX

-4.98%

ORI.AX

-0.59%

ORG.AX

-0.79%

ORA.AX

-1.75%

PDN.AX

-7.21%

PNR.AX

-2.96%

PPC.AX

-0.3%

PPM.AX

-0.88%

PRN.AX

-2.83%

PPT.AX

-2.87%

PCI.AX

-0.46%

PRU.AX

-1.25%

PXA.AX

-0.52%

PNI.AX

-1.65%

PL8.AX

-0.72%

PLS.AX

-3.93%

PGF.AX

-0.99%

PNV.AX

-5.36%

PDI.AX

1.33%

PMV.AX

-1.1%

PME.AX

8.38%

PWH.AX

-3.61%

PYC.AX

-1.12%

QAN.AX

-2.82%

QBE.AX

-1.34%

QAL.AX

-0.36%

QRI.AX

QUB.AX

0.2%

RMS.AX

1.39%

RHC.AX

-0.85%

REA.AX

RDX.AX

-0.75%

REH.AX

-1.06%

RF1.AX

0.86%

RPL.AX

-1.12%

RG1.AX

-2.58%

RGN.AX

-1.75%

REG.AX

-3.99%

RRL.AX

2.11%

RWC.AX

-0.32%

RMD.AX

-1.81%

RSG.AX

-3.98%

SGLLV.AX

-1.97%

RIC.AX

-0.54%

RIO.AX

1.19%

RXL.AX

RFF.AX

-2.52%

RYM.AX

-1.33%

SFR.AX

1.54%

SMI.AX

4.55%

STO.AX

0.45%

SCG.AX

-3.18%

SEK.AX

6.17%

SHV.AX

-4.53%

SRV.AX

-5.7%

SSM.AX

-0.64%

SGH.AX

-1.34%

SHA.AX

-2.51%

SIG.AX

-2.91%

SLX.AX

-3.55%

SGM.AX

-0.99%

SDR.AX

2.84%

SKS.AX

2.39%

SIQ.AX

-0.78%

SHL.AX

-2.29%

S32.AX

0.42%

SX2.AX

3.22%

SXE.AX

1.23%

SPK.AX

-2.02%

SRG.AX

15.29%

SBM.AX

0.85%

SMR.AX

-3.14%

SDF.AX

-1.6%

SGP.AX

-4.42%

SNZ.AX

4.5%

SUN.AX

-1.69%

SRL.AX

SUL.AX

-0.65%

SLC.AX

0.43%

SNL.AX

-0.26%

SYL.AX

0.37%

TAH.AX

2.88%

TEA.AX

15.05%

TNE.AX

2.44%

TLX.AX

-2.53%

TLS.AX

-0.29%

TPW.AX

-3.85%

A2M.AX

2.54%

TLC.AX

-0.28%

SGR.AX

TVN.AX

-4.17%

TWR.AX

1.93%

TPG.AX

-7%

TCL.AX

0.88%

TWE.AX

-2.96%

TUA.AX

0.75%

TCG.AX

-1%

TRA.AX

VAU.AX

1.76%

VNT.AX

-0.79%

VCX.AX

-3.17%

VGN.AX

-4.74%

VEA.AX

0.7%

VUL.AX

-3.75%

VSL.AX

-10.19%

WA1.AX

-1.69%

WGN.AX

-2.98%

WAM.AX

0.97%

WGB.AX

0.46%

WLE.AX

0.76%

SOL.AX

-0.05%

WPR.AX

-1.48%

WQG.AX

0.52%

WEB.AX

-0.98%

WBT.AX

0.7%

WES.AX

-1.13%

WAF.AX

-0.47%

WGX.AX

WBC.AX

-1.85%

WHF.AX

0.21%

WHC.AX

0.28%

WIA.AX

-1.06%

WC8.AX

-4.87%

WTN.AX

WTC.AX

6.13%

WDS.AX

2.14%

WOW.AX

-2.05%

WOR.AX

-0.77%

XRO.AX

6.71%

YAL.AX

0.51%

ZIM.AX

-2.17%

ZIP.AX

-2.07%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	145.79	-0.54	-0.37
SSO ASX Small Caps	15.91	-0.11	-0.69
IVV S&P 500	70.46	-0.04	-0.06
NDQ Nasdaq	62.42	-0.18	-0.29
F100 FTSE 100	14.76	0.01	0.07
ASIA Asia Tech	22.83	-0.14	-0.61
IEU Europe	100.52	-0.4	-0.4
IEM Emerging Markets	97.84	-0.45	-0.46
Gold Gold	57.60	0.09	0.16
ACDC Battery Tech	178.14	1.04	0.59

COMMODITIES	Close($)	-/+	%
Gold	4,503.89	20.6	0.46
Silver	75.55	0.7402	0.99
Platinum	1,947.55	23.8	1.24
Palladium	1,364.75	2.75	0.2
Ice Brent Crude	95.25	4.13	4.53
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7159	0.0004	0.06
Euro	1.1635	0.0005	0.04
British Pound	1.3458	0.0007	0.05
Canadian Dollar	1.3844	0.0007	0.05
New Zealand Dollar	0.5931	0.0001	0.02
Chinese Yuan	6.7617	-0.0033	-0.05
Japanese Yen	159.7200	0.07	0.04

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.69	4.58%	95.52%	0.30 0.75
BGL	Bellevue Gold Ltd	1.52	-0.65%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	63.10	0.99%	63.35%	35.52 62.95
FMG	Fortescue Ltd	22.16	-1.58%	46.26%	14.31 23.38
NHC	New Hope Corporation Ltd	5.92	0%	59.14%	3.63 6.14
WHC	Whitehaven Coal Ltd	9.04	0.28%	62.05%	5.31 9.90
NEM	Newmont Cdi	151.23	0.49%	0.00%	80.70 190.91
NXG	Nexgen Ene Cdi	15.61	-1.82%	0.00%	9.23 20.47
SFR	Sandfire Resources Ltd	19.83	1.59%	69.30%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
SRG	Srg Global	3.62	15.29
TEA	Tasmea	7.95	15.05
NST	Northern Star Re	20.97	13.29
HGH	Heartland Group	1.05	11.7
LIN	Lindian Resource	0.87	10.13
360	Life360 Inc.	22.35	9.72
PME	Pro Medicus	156.57	8.38
FFM	Firefly Metals	2.29	7.01
AIS	Aeris Resources	0.42	6.96
CAT	Catapult Sports	3.96	6.74

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
VSL	Vulcan Steel	5.29	-10.19
KCN	Kingsgate Consol	5.86	-7.28
PDN	Paladin Energy	10.49	-7.21
TPG	Tpg Telecom	3.72	-7
DYL	Deep Yellow	1.50	-6.27
IGO	Igo	9.42	-6.13
DMP	Domino's Pizza E	16.51	-6.09
JBH	Jb Hi-fi	70.74	-5.84
SRV	Servcorp	6.29	-5.7
PNV	Polynovo	1.10	-5.36

OPINION

Latest Market Matters Opinions

02/06/2026 09:58

Trade Alert – Active Growth Portfolio

MM is taking a loss on RMD and buying PME in the Active Growth Portfolio

02/06/2026 09:47

Pro Medicus (ASX: PME) $144.46

Pro Medicus (PME) was one of the market’s favourite stocks in 2025, and while its ~$15bn valuation against revenue of only around ~$260m triggered a valuation reset, the business itself has continued to execute exceptionally well. Importantly, the recent pullback has been driven far more by multiple compression than any deterioration in the company’s fundamentals. In our view, PME remains the highest-quality and arguably most defensively positioned software business on the ASX.

ACTION

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Ask James ASK A QUESTION

Ask James

Question asked 28/05/2026

BetaShares Nasdaq 100 ETF (ASX: NDQ) and SpaceX inclusion

Hi guys, It is my understanding that the Nasdaq in recent weeks made amendments to the rules for the Nasdaq 100 index to “fact track” SpaceX entry on to the index. How and when would an ETF like NDQ reflect such an inclusion? SpaceX free float is actually very low (I believe no more than 8%), but the market cap is large (money wise). Is there a risk of funds having to rotate from other sectors/stocks to cover the weight of SpaceX in the index? Lastly, I read your response about Pengana Private Equity Trust as a vehicle to gain exposure to the IPO. It appears to me that the recent share price appreciation is driven by SpaceX interest as the rest of the investments are a bit of a black box. It seems very speculative and prone to dilution post IPO, in my humble opinion. What do you think? Thanks for your responses. Angela What is MM advice regarding SpaceX IPO? Should we be attempting to join the chorus of interest in buying shares directly? Or maybe we can buy into a fund or ETF that contains SpaceX holding. Or just stay out of it! Sandy

Ask James

Question asked 28/05/2026

Catapult Sports Ltd (ASX: CAT)

Hi team, you are doing an excellent job in helping us navigate the stock market. I would like your thoughts on CAT. CAT announced FY26 results on 20/5; the stock was up 17% on that date, closing at $3.39, and reached a high of $3.885 on the next day (21/5). CAT was down 6.16% today (25/5), closing at $3.35. Do you know the reason for today’s big fall?

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