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ANALYSIS

Market Analysis

360 -3.10%

4DX -6.64%

A2M -0.55%

A4N -10.98%

AAC -0.37%

AAI -8.30%

ABB -0.87%

ABG -0.58%

ACL 0.31%

AEF -2.13%

AEL -1.13%

AGL 0.00%

AIA 0.28%

AIS -8.75%

AIZ -1.61%

ALD 0.26%

ALK -3.92%

ALL -0.88%

ALQ -2.69%

ALX -0.53%

AMC 5.35%

AMI -7.23%

AMP -0.91%

ANN -0.31%

ANZ 1.27%

AOV -0.78%

APA 0.99%

APE -2.65%

APZ -0.79%

ARB 0.05%

ARF -0.18%

ARU -6.45%

ASB -4.06%

ASX -2.55%

ATM -2.62%

AUB -0.07%

AUC 1.56%

AVH 2.16%

AVR -5.14%

AXQ -6.07%

AYA 4.29%

AZJ 0.26%

BAP -3.43%

BCI -4.96%

BEN 0.94%

BFL 0.00%

BGA 0.47%

BGL -4.76%

BGP 0.00%

BHP -5.25%

BJY -1.51%

BMC -1.67%

BMN -8.76%

BNZ -7.09%

BOE -8.42%

BOQ 0.50%

BPT 0.00%

BRG 0.36%

BSL -3.92%

BTR -4.84%

BVS -2.17%

BWP 0.82%

BXB 0.14%

C79 -4.86%

CAR -1.46%

CAT -1.87%

CBA 1.80%

CBO -0.74%

CCL -2.18%

CCP -0.64%

CDA -4.67%

CEN 0.58%

CGF -0.83%

CGS -2.66%

CHC -0.09%

CHI 0.00%

CIA -2.42%

CIP 0.34%

CKF 0.11%

CLW 0.42%

CMM -2.41%

CMW 0.69%

CNI -1.82%

CNU 0.82%

COF -0.55%

COH -1.03%

COL 1.85%

CPU 1.25%

CQE -0.38%

CQR 0.77%

CSC -7.97%

CSL -0.18%

CU6 -7.81%

CVL -2.40%

CWP -0.94%

CWY -0.17%

CXO -4.35%

CYL -2.91%

DBI -0.71%

DDR -3.35%

DGT -6.64%

DMP -1.99%

DNL -2.67%

DOW -0.91%

DPM -2.17%

DRO -5.34%

DRR -1.66%

DTL -1.55%

DUR -5.20%

DVP -10.63%

DXI 0.82%

DXS 0.34%

DYL -8.28%

EBO 0.57%

EDV 1.13%

EF2 -2.35%

EHL -1.15%

ELD -0.16%

ELV -8.68%

EMR -4.03%

EOL -3.09%

EOS -7.74%

EQR -10.48%

EQT -1.93%

ERA 0.00%

EUR 6.85%

EVN -3.09%

EVT -0.88%

FBU -1.69%

FCL -0.50%

FDC -3.45%

FFM -10.10%

FLT -1.98%

FMG -2.74%

FML -2.65%

FPH 0.33%

FPR -0.39%

FRS -4.76%

FRW -0.10%

G6M 0.61%

GDG -2.74%

GGP -4.62%

GLC -5.70%

GLF -1.98%

GMD -3.55%

GMG -4.38%

GNC -0.59%

GNE 1.32%

GNG -10.19%

GNP -6.11%

GOZ 0.97%

GPT 1.96%

GQG -3.09%

GWA -0.48%

GYG -1.36%

HDN 0.85%

HGH 7.71%

HLI 0.40%

HMC -4.68%

HSN -2.17%

HUB -3.40%

HVN 0.44%

IAG 1.36%

IDX -1.16%

IEL -2.20%

IFT -3.75%

IGO -7.21%

ILU -7.06%

IMD -7.27%

IMR -0.38%

INA 1.56%

ING 0.46%

IPG -3.37%

IPH -1.71%

IPX -11.30%

IRE -4.05%

JBH 0.44%

JDO -2.32%

JHX -4.74%

KAR -2.04%

KCN -5.20%

KLS -0.24%

L1G -3.33%

LFG -2.09%

LFS 1.20%

LIC 0.24%

LIN -11.90%

LLC 0.00%

LNW -3.59%

LOV -0.64%

LTR -6.72%

LYC -7.80%

LYL -3.50%

MAD -2.47%

MAF -2.85%

MAH -7.65%

MAQ -5.00%

MC2 1.48%

MCY -0.19%

MEI -6.25%

MEZ 0.00%

MGH -7.32%

MGR 0.39%

MI6 -7.93%

MIN -5.81%

MLX -9.52%

MMS -2.56%

MND -4.46%

MP1 -10.37%

MPL 0.78%

MQG -4.00%

MSB -5.53%

MTS 0.45%

MYS 0.50%

NAB 3.03%

NAN -1.86%

NCK -0.14%

NEC 5.48%

NEM -2.28%

NEU 2.00%

NGI -3.33%

NHC -2.62%

NHF 1.03%

NIC -7.38%

NMG -9.38%

NST -2.43%

NUF -2.04%

NWH -4.68%

NWL -2.75%

NWS -6.93%

NWSLV 0.00%

NXG -3.63%

NXL -2.99%

NXT -2.64%

OBL -2.19%

OBM -5.08%

OCL -1.64%

OML 0.00%

ORA 0.32%

ORE -0.34%

ORG -0.04%

ORI -1.92%

PAF 5.97%

PDI -4.13%

PDN -6.14%

PLS -4.42%

PME -1.07%

PMT -7.46%

PMV 0.04%

PNI -2.50%

PNR -5.20%

PNV -2.21%

PPC -2.30%

PPM -1.25%

PPT -1.06%

PRN -5.29%

PRU -2.06%

PWH -1.31%

PXA -1.06%

PYC -7.12%

QAL -0.89%

QAN -0.26%

QBE 1.93%

RDX -1.17%

REA -2.53%

REG -0.89%

REH -1.63%

RFF -0.26%

RGN 0.21%

RHC -0.04%

RIC 0.37%

RIO -4.21%

RMD -0.23%

RMS -3.31%

RRL -3.93%

RSG -2.80%

RWC -0.44%

RXL -4.02%

RYM 0.70%

S32 -4.95%

SBM -6.83%

SCG 0.97%

SDF -0.09%

SDR -3.88%

SEK -1.17%

SFR -7.52%

SGH -1.62%

SGLLV -1.19%

SGM -5.19%

SGP 1.20%

SGR -1.52%

SHA -3.16%

SHL 0.10%

SHV -1.74%

SIG -0.35%

SIQ -1.44%

SKC -1.75%

SKG 0.44%

SKS -7.68%

SLC -0.71%

SLX -10.63%

SMR -4.20%

SNL -1.43%

SNZ -1.54%

SOL -0.74%

SPK -0.89%

SRG -3.96%

SRL -11.57%

SRV -3.58%

SSM -1.79%

STO -0.82%

SUL 0.22%

SUN 0.57%

SX2 -6.44%

SXE -8.44%

SYL -2.70%

TAH -0.54%

TBN -3.57%

TCG -7.14%

TCL 1.18%

TEA -6.92%

TLC 0.18%

TLS 1.59%

TLX -2.31%

TNE -2.08%

TPG 1.37%

TPW -1.75%

TRA 0.00%

TUA -2.44%

TWE -0.08%

TWR -2.36%

UNI -0.25%

UOS 2.46%

VAU -2.81%

VCX 0.40%

VEA -0.19%

VGL -1.75%

VGN -1.22%

VNT -1.62%

VSL -4.31%

VUL -10.32%

WA1 -11.66%

WAF -5.07%

WBC 2.13%

WBT -11.11%

WDS 0.85%

WEB -2.76%

WES 0.85%

WGN -3.18%

WGX -5.55%

WHC -2.41%

WIA -3.80%

WOR -2.24%

WOW 1.58%

WPR 0.43%

WTC -1.34%

XRO -1.78%

XYZ -3.33%

YAL -0.99%

ZIM -0.99%

ZIP -5.14%

ETFs
COMMODITIES & CURRENCIES ($US)

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	150.13	-1.37	-0.90
SSO ASX Small Caps	13.99	-0.07	-0.50
IVV S&P 500	70.18	-2.58	-3.55
NDQ Nasdaq	55.40	-2.90	-4.97
F100 FTSE 100	15.52	-0.24	-1.52
ASIA Asia Tech	16.51	-1.22	-6.88
IEU Europe	97.81	-0.95	-0.96
IEM Emerging Markets	84.32	-3.25	-3.71
Gold Gold	53.93	0.06	0.11
ACDC Battery Tech	95.45	-5.26	-5.22

COMMODITIES	Close($)	-/+	%

Commodity and currency prices are not available from our data provider yet. This table will fill in automatically once they are.

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What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	AIC Mines Ltd	0.61	-7.58%	38.07%	0.42 0.94
BGL	Bellevue Gold Ltd	1.40	-4.76%	26.13%	1.13 1.92
BHP	BHP Group	55.90	-5.25%	32.00%	40.18 68.77
FMG	Fortescue Ltd	15.07	-2.74%	-24.79%	14.06 23.38
NHC	New Hope Corp	5.21	-2.62%	24.16%	3.77 6.61
WHC	Whitehaven Coal	7.09	-2.41%	-1.26%	6.66 9.90
NEM	Newmont Corp	170.42	-2.28%	39.34%	125.00 190.91
NXG	NexGen Energy Ltd	11.01	-3.63%	-19.43%	10.85 18.78
SFR	Sandfire Resources	18.77	-7.52%	19.94%	14.41 25.00

10 Top Gainers | >$500m

Code	Company	Last($)	% Chg
HGH	Heartland Group Holdings Ltd	1.01	7.71
EUR	European Lithium Ltd	0.39	6.85
PAF	PANAFRICAN CDI 1:1	2.13	5.97
NEC	Nine Entertainment	0.77	5.48
AMC	Amcor	65.43	5.35
AYA	Artrya Ltd	3.65	4.29
NAB	National Australia Bank	40.14	3.03
UOS	U.O. AUST FPO	0.63	2.46
AVH	Avita Therapeutics	4.73	2.16
WBC	Westpac Bank	37.42	2.13

10 Biggest Fallers | >$500m

Code	Company	Last($)	% Chg
LIN	Lindian Resources Ltd	0.37	-11.90
WA1	WA1 Resources Ltd	7.80	-11.66
SRL	Sunrise Energy Metals Ltd	11.16	-11.57
IPX	IperionX Limited	1.94	-11.30
WBT	Weebit Nano Ltd	2.08	-11.11
A4N	Alpha HPA Ltd	0.37	-10.98
DVP	Develop Global Ltd	3.53	-10.63
SLX	Silex Systems	2.86	-10.63
EQR	EQ Resources Ltd	0.28	-10.48
MP1	Megaport	15.91	-10.37

OPINION

Latest Market Matters Opinions

06/11/2026 09:32

Commonwealth Bank of Australia (ASX: CBA) $166.29

CBA is often regarded as the go to bank when uncertainty grows and that’s been the case over the last month with the stock up +10%, outperforming its peers. The greater the concerns that we hear around impairment charges on property the better CBA is likely to hold up, despite them being the largest home lender! As we all know, it's not cheap, but with high levels of uncertainty around, we can see recent outperformance continuing, making it a classic HOLD for MM.

06/11/2026 09:31

Banking Sector

The banks were in focus yesterday after a more than 5% fall from NAB took over 20 points off the ASX 200; we discussed NABs result yesterday here. The sector is sitting in the eye of a property storm and potential recession as the Australian consumer remains under pressure. The issues at NAB are likely to be mirrored at the other major banks to a greater or lesser degree:

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Market Matters Content

What Matters Today: Three themes in focus post the Blue Wave

Morning report 06/11/2026

Afternoon Report

The Match Out: Shorts are for the beach today! ASX rips 2.6%

Afternoon report 05/11/2026

Ask James ASK A QUESTION

Ask James

Question asked 06/11/2026

Morningstar Association

Hi James, Happy to see MM progress a focus on improvement. I joined MM years ago because I was extremely frustrated with my then 5 years relationship with Morningstar for all the reasons that you state as improvements etc. I found them thoroughly our of touch with the markets, sure lots on analysis but with no thoughts on how the markets reacts and grinds away day to day ie WE LOST A LOT OF MONEY as they never ever reevaluated their large and confusing analytical data based recommendations approach that sunk to worthless without any honest, timely reviews. I pray that MM doesn’t abandon your flair, experience and REAL TIME REACTIONS and process. In fact James I would like to hear from you personally that MM maintain the same ethos and principles in your business going forward, Please ! I have extensive executive experience in these matters and the idea of MM growth through outsourcing to the likes of Morningstar, is a poor strategic partnership in my real live view. Regards Steve Kelly

Ask James

Question asked 30/10/2026

DN1

How are you presently viewing your investment in DN1? The stock is trading below the NTA and is currently paying an over 8.5% pa yield yet there is very little buyer demand. Do you see the uncertainty in the credit markets having a lasting impact on the share price.? Is the 2030 close end price of $100 at risk under worse case scenarios? How do you deal with the very low liquidity should you wish to exit a sizeable position? Thank you Sean

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