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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

-3.2%

ABG.AX

-1.08%

AIS.AX

5.63%

AGL.AX

-0.88%

A1M.AX

2.1%

AGI.AX

AIZ.AX

1.41%

AAI.AX

1.84%

ALK.AX

3.85%

A4N.AX

1.24%

ALQ.AX

1.28%

AMC.AX

0.8%

AOV.AX

-0.69%

AMP.AX

0.45%

ALD.AX

-0.03%

ANN.AX

-1.65%

ANZ.AX

0.84%

APA.AX

-0.96%

ARU.AX

1.06%

ARB.AX

-0.51%

ARF.AX

ARG.AX

-0.33%

ALL.AX

-0.98%

AYA.AX

-1.58%

APZ.AX

-1.56%

ASX.AX

-0.09%

ALX.AX

1.01%

AUB.AX

-0.14%

AIA.AX

0.41%

AXQ.AX

-2.77%

AZJ.AX

-1.67%

ABB.AX

-0.86%

ASB.AX

-5.22%

AAC.AX

0.19%

AEF.AX

-0.44%

AFI.AX

-0.72%

AUI.AX

-0.18%

BOQ.AX

0.08%

BMN.AX

6.34%

BCI.AX

-1.79%

BPT.AX

BGA.AX

-0.83%

BGL.AX

2.34%

BEN.AX

-0.33%

BNZ.AX

4.51%

BHP.AX

2.88%

BKI.AX

0.27%

BC8.AX

6.11%

XYZ.AX

0.38%

BSL.AX

-0.38%

BOE.AX

7.51%

BXB.AX

-2.99%

BVS.AX

13.66%

BRE.AX

4.15%

BRG.AX

-1.18%

BGP.AX

BFL.AX

-0.37%

BWP.AX

-0.13%

CMM.AX

1.29%

CSC.AX

6.53%

CAR.AX

0.38%

CIN.AX

CYL.AX

5.23%

CAT.AX

-0.74%

CWP.AX

-0.51%

CNI.AX

-1.53%

CIP.AX

0.34%

COF.AX

-0.28%

CGF.AX

0.38%

CIA.AX

3.52%

CHI.AX

CHC.AX

1.14%

CLW.AX

0.14%

CQR.AX

0.78%

CQE.AX

-0.38%

CNU.AX

-1.01%

C79.AX

6.04%

CVL.AX

-1.36%

CU6.AX

1.69%

CWY.AX

-1.05%

CUV.AX

-1.44%

CBO.AX

-1.87%

COH.AX

-2.01%

CDA.AX

-2.54%

COL.AX

-0.8%

CKF.AX

0.13%

CBA.AX

0.34%

CPU.AX

-0.05%

CEN.AX

3.45%

CXO.AX

-1.96%

CCP.AX

0.77%

CMW.AX

-0.6%

CSL.AX

-2.45%

CCL.AX

-0.2%

DBI.AX

0.35%

DTL.AX

0.74%

DTR.AX

10.42%

DYL.AX

7.43%

DRR.AX

2.21%

DVP.AX

5.9%

DXS.AX

-0.27%

DXI.AX

-0.82%

DDR.AX

-0.83%

DGT.AX

1.81%

DJW.AX

1.03%

DMP.AX

-1.83%

DOW.AX

0.64%

DPM.AX

8.19%

DRO.AX

-0.87%

DUR.AX

1.27%

DNL.AX

-1.45%

APE.AX

-2.27%

EBO.AX

-1.59%

EIQ.AX

3.44%

ELD.AX

0.81%

EOS.AX

-6.35%

ELV.AX

-2.71%

ELS.AX

-3.24%

EHL.AX

-0.5%

EMR.AX

-0.47%

EDV.AX

-0.14%

ERA.AX

EQR.AX

EUR.AX

2.14%

EVN.AX

3.42%

EVT.AX

-2.66%

FDC.AX

2.97%

FCL.AX

-1.2%

FFM.AX

3.74%

FPH.AX

-0.76%

FPR.AX

-1%

FBU.AX

-1.51%

FLT.AX

0.25%

FRS.AX

-2.47%

FMG.AX

2.35%

FRW.AX

3.75%

FGX.AX

1.83%

FGG.AX

2.94%

GLF.AX

-0.87%

GDG.AX

-0.52%

GNE.AX

0.95%

GMD.AX

3.66%

GNP.AX

-0.74%

GMG.AX

-0.57%

GPT.AX

0.52%

GQG.AX

0.7%

GNG.AX

0.42%

GNC.AX

0.41%

GGP.AX

2.11%

GOZ.AX

0.93%

GCI.AX

0.24%

GYG.AX

-1.6%

GWA.AX

-0.64%

HSN.AX

0.36%

HVN.AX

-0.32%

HGH.AX

HM1.AX

HLI.AX

-1.74%

HMC.AX

1.19%

HDN.AX

-0.2%

HUB.AX

0.54%

IEL.AX

IGO.AX

1.84%

ILU.AX

2.93%

IMD.AX

0.92%

IMR.AX

-0.54%

IFT.AX

0.12%

INA.AX

-0.34%

ING.AX

0.48%

IAG.AX

-0.97%

IDX.AX

-0.96%

IPG.AX

-1.92%

IPX.AX

4.65%

IPH.AX

-0.38%

IRE.AX

-0.63%

JHX.AX

0.17%

JBH.AX

-0.74%

JDO.AX

2.22%

JMS.AX

0.93%

KAR.AX

-3.75%

KLS.AX

0.93%

KCN.AX

3.45%

KKC.AX

-0.72%

GLS.AX

4.95%

LGF.AX

-0.25%

L1G.AX

LSF.AX

2.19%

LRV.AX

5.83%

LFS.AX

LLC.AX

0.65%

LFG.AX

-2.89%

360.AX

-1.08%

LIC.AX

-1.99%

LNW.AX

0.1%

LIN.AX

-3.25%

LTR.AX

-0.68%

LOV.AX

-2.05%

LYL.AX

2.04%

LYC.AX

-1.84%

MA1.AX

0.25%

MAF.AX

-0.7%

MGH.AX

0.91%

MAH.AX

2.87%

MQG.AX

0.4%

MAQ.AX

1.42%

MAD.AX

2.71%

MFG.AX

0.05%

MMS.AX

-0.57%

MPL.AX

-0.3%

MP1.AX

-0.15%

MCY.AX

MEZ.AX

0.65%

MSB.AX

5.71%

MLX.AX

7.31%

MTS.AX

0.49%

MEI.AX

5.88%

MOT.AX

-0.6%

MXT.AX

MFF.AX

0.58%

MIN.AX

2.15%

MI6.AX

3.75%

MIR.AX

-0.78%

MGR.AX

0.15%

MND.AX

1.11%

MYR.AX

MYS.AX

-0.21%

NAN.AX

-2.84%

NAB.AX

0.51%

NGI.AX

1.03%

NWL.AX

1.54%

NEU.AX

-1.4%

NHC.AX

0.57%

NEM.AX

1.87%

NWS.AX

2.57%

NXG.AX

3.87%

NXT.AX

0.72%

NHF.AX

-0.97%

NCK.AX

-0.71%

NIC.AX

2.02%

NEC.AX

-0.26%

NST.AX

1.79%

NWH.AX

2.44%

NUF.AX

-0.37%

OCL.AX

1.76%

OML.AX

-2.35%

OPH.AX

3.23%

OBM.AX

6.34%

ORI.AX

-1.01%

ORG.AX

-0.86%

ORA.AX

0.91%

PDN.AX

4.97%

PNR.AX

5.54%

PPC.AX

4.56%

PPM.AX

1.85%

PRN.AX

1.85%

PPT.AX

-0.54%

PCI.AX

-0.9%

PRU.AX

2.27%

PXA.AX

-0.37%

PNI.AX

-0.23%

PL8.AX

0.71%

PLS.AX

-0.43%

PGF.AX

2.51%

PNV.AX

-2.17%

PDI.AX

4.38%

PMV.AX

-2.12%

PME.AX

-7.06%

PWH.AX

-1.75%

PYC.AX

1.48%

QAN.AX

0.05%

QBE.AX

-0.23%

QAL.AX

0.63%

QRI.AX

-0.32%

QUB.AX

RMS.AX

2.19%

RHC.AX

-2.89%

REA.AX

0.21%

RDX.AX

1.39%

REH.AX

-1.87%

RF1.AX

1.15%

RPL.AX

0.65%

RG1.AX

2.03%

RGN.AX

0.85%

REG.AX

0.32%

RRL.AX

3.55%

RWC.AX

-2.26%

RMD.AX

-1.09%

RSG.AX

5.83%

SGLLV.AX

-0.52%

RIC.AX

2.04%

RIO.AX

3.37%

RXL.AX

5.13%

RFF.AX

1.01%

RYM.AX

-0.28%

SFR.AX

4.13%

STO.AX

-1.18%

SCG.AX

0.39%

SEK.AX

-0.22%

SHV.AX

-1.01%

SRV.AX

-0.31%

SSM.AX

-1.2%

SGH.AX

-0.74%

SHA.AX

0.24%

SIG.AX

-2.44%

SLX.AX

8.83%

SGM.AX

0.66%

SDR.AX

-4.37%

SKS.AX

2.76%

SIQ.AX

-1.04%

SHL.AX

-0.73%

S32.AX

6.02%

SX2.AX

1.23%

SXE.AX

2.05%

SPK.AX

1.31%

SRG.AX

-0.69%

SBM.AX

2.17%

SMR.AX

-0.63%

SDF.AX

-0.48%

SGP.AX

0.51%

SKG.AX

-0.39%

SNZ.AX

SUN.AX

-1.11%

SRL.AX

-0.56%

SUL.AX

0.08%

SLC.AX

0.66%

SNL.AX

-0.41%

SYL.AX

0.74%

TAH.AX

0.3%

TEA.AX

-1.69%

TNE.AX

0.43%

TLX.AX

-4.28%

TLS.AX

-2.11%

TPW.AX

-0.88%

A2M.AX

-1.14%

TLC.AX

-0.64%

SGR.AX

-1.01%

TVN.AX

-4.17%

THL.AX

0.82%

TWR.AX

TPG.AX

1.26%

TCL.AX

-1.09%

TWE.AX

1.87%

TUA.AX

0.87%

TCG.AX

3.33%

TRA.AX

UNI.AX

-0.26%

VAU.AX

3.28%

VNT.AX

1.11%

VCX.AX

0.38%

VGN.AX

-0.67%

VEA.AX

1.34%

VUL.AX

-1.21%

VSL.AX

-1.05%

VYS.AX

-0.26%

WA1.AX

2.33%

WGN.AX

0.12%

WAM.AX

0.32%

WGB.AX

0.45%

WLE.AX

0.36%

SOL.AX

-0.64%

WPR.AX

0.83%

WQG.AX

2.51%

WEB.AX

-1.49%

WBT.AX

8.48%

WES.AX

-1.26%

WAF.AX

3.85%

WGX.AX

2.58%

WBC.AX

0.69%

WHF.AX

WHC.AX

0.54%

WIA.AX

2.94%

WC8.AX

5.56%

WTN.AX

WTC.AX

-2.6%

WDS.AX

-1.19%

WOW.AX

-1.09%

WOR.AX

-0.19%

XRO.AX

-1.72%

YAL.AX

-1.27%

ZIM.AX

2.5%

ZIP.AX

2.28%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	146.63	0.58	0.4
SSO ASX Small Caps	14.53	0.15	1.04
IVV S&P 500	72.04	0.15	0.21
NDQ Nasdaq	62.04	0.48	0.78
F100 FTSE 100	15.07	-0.04	-0.26
ASIA Asia Tech	21.87	0.61	2.87
IEU Europe	98.06	0.09	0.09
IEM Emerging Markets	97.31	1.56	1.63
Gold Gold	54.16	0.32	0.59
ACDC Battery Tech	134.65	2.27	1.71

COMMODITIES	Close($)	-/+	%
Gold	4,113.44	-7.5771	-0.18
Silver	60.21	0.2247	0.37
Platinum	1,632.38	22.0616	1.37
Palladium	1,264.25	16.8489	1.35
Ice Brent Crude	75.90	-2.12	-2.72
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6947	0.0007	0.1
Euro	1.1437	0.0009	0.08
British Pound	1.3425	0.002	0.15
Canadian Dollar	1.4159	-0.0008	-0.06
New Zealand Dollar	0.5770	0.0016	0.28
Chinese Yuan	6.7789	-0.0132	-0.19
Japanese Yen	161.6000	-0.77	-0.47

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.73	1.4%	130.65%	0.30 0.79
BGL	Bellevue Gold Ltd	1.31	2.34%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	58.47	2.81%	50.25%	38.66 65.98
FMG	Fortescue Ltd	18.54	2.35%	11.79%	16.51 23.38
NHC	New Hope Corporation Ltd	5.25	0.57%	31.82%	3.77 6.17
WHC	Whitehaven Coal Ltd	7.44	0.47%	24.58%	5.94 9.90
NEM	Newmont Cdi	136.27	1.88%	0.00%	87.54 190.91
NXG	Nexgen Ene Cdi	13.83	3.87%	0.00%	9.71 20.47
SFR	Sandfire Resources Ltd	18.89	4.08%	62.34%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
BVS	Bravura Solution	2.33	13.66
DTR	Dateline Resourc	0.13	10.42
SLX	Silex Systems	5.67	8.83
WBT	Weebit Nano	7.93	8.48
DPM	Dpm Metals Cdi	51.13	8.19
BOE	Boss Energy	1.36	7.51
DYL	Deep Yellow	1.45	7.43
MLX	Metals X	1.40	7.31
CSC	Capstone Cdi	13.05	6.53
BMN	Bannerman Energy	3.52	6.34

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
PME	Pro Medicus	195.57	-7.06
EOS	Electro Optic Sy	8.40	-6.35
ASB	Austal	3.73	-5.22
SDR	Siteminder	3.72	-4.37
TLX	Telix Pharmaceut	16.22	-4.28
TVN	Tivan	0.35	-4.17
KAR	Karoon Energy Lt	1.41	-3.75
LIN	Lindian Resource	0.82	-3.25
ELS	Elsight	7.77	-3.24
4DX	4dmedical	3.93	-3.2

OPINION

Latest Market Matters Opinions

10/07/2026 09:37

First Up

The ASX200 again fought back from early steep losses on Thursday to end down just 0.3%, reclaiming ~74% of its early deficit, but it still closed lower for the fourth consecutive day. The mining stocks again dragged on the index, with BHP Group (ASX: BHO) and RIO Tinto (ASX: RIO) making up almost 80% of the decline on their own, while this time it was more broad-based buying that supported the index rather than the banks that joined the miners on the wrong side of the ledger.

10/07/2026 09:36

BHP Group (ASX: BHP) $56.87

The correlation between BHP and Spot LME Copper over the last 2-years is 0.91, a very high positive correlation, reflecting BHP's significant copper exposure and the market's tendency to price the stock as a copper proxy. BHP's copper assets, including Escondida (the world's largest copper mine) and Olympic Dam, make it one of the most copper-leveraged large-cap miners globally. And as BHP continues to grow its copper revenue, this correlation is likely to remain elevated or even strengthen over time.

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Market Matters Content

ETF Friday: Three ETFs MM Is Watching as US Inflows Hit US$1 Trillion

Morning report 10/07/2026

Afternoon Report

The Match Out: ASX down but does well considering the news flow

Afternoon report 09/07/2026

Ask James ASK A QUESTION

Ask James

Question asked 10/07/2026

Commodity Clock

Still on this commodity super cycle - the emperor with no clothes. Someone described the cycle like a clock, with 6 o'clock being the bottom of the cycle and 12 o'clock being the peak, and suggesting that we are currently at about 7 o'clock. So, why are we screaming towards 5 o'clock?

Ask James

Question asked 10/07/2026

GEAR – rising to the challenge.

The stock market's long term trend is relentlessly rising, looking at any time frame larger than 1 year the ASX rises... given this, would we not all be best just to buy GEAR and forget everything else? Why stock pick when you can get 250% leverage on a long term ever rising market? I would love to see a chart that overlays the GEAR stock price against the longer term performance of a 'typical' (MM?) growth or other actively managed portfolio. Alain

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