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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

3.26%

4DX.AX

-1.69%

ABG.AX

1.27%

ASK.AX

-0.71%

AX1.AX

-1.16%

AGL.AX

1.31%

AIZ.AX

-0.96%

AAI.AX

-4.9%

ALK.AX

2.55%

A4N.AX

0.64%

ALQ.AX

0.28%

AMC.AX

-0.58%

AOV.AX

-2.3%

AMP.AX

3.18%

AEL.AX

2.13%

ALD.AX

1.22%

ANN.AX

1.22%

ANZ.AX

-0.57%

APA.AX

0.77%

ARU.AX

1.79%

ARB.AX

-1.12%

ARF.AX

0.55%

ARG.AX

0.22%

ALL.AX

-0.75%

AYA.AX

4.6%

APZ.AX

3.73%

ASX.AX

-0.12%

ALX.AX

1.04%

AUB.AX

-0.94%

AIA.AX

0.28%

AZJ.AX

0.59%

ABB.AX

0.68%

ASB.AX

-1.74%

AAC.AX

-0.69%

ACL.AX

AEF.AX

-0.29%

AFG.AX

3.03%

AFI.AX

0.68%

AUI.AX

0.26%

ASG.AX

0.73%

BOQ.AX

1.18%

BMN.AX

1.66%

BAP.AX

2.43%

BCI.AX

2.67%

BPT.AX

BLX.AX

-1.06%

BGA.AX

-1.12%

BGL.AX

2.18%

BEN.AX

0.72%

BHP.AX

-0.98%

BKI.AX

2.56%

BC8.AX

7.41%

XYZ.AX

-1.71%

BSL.AX

-0.39%

BOE.AX

4.19%

BOC.AX

29.78%

BXB.AX

1.39%

BVS.AX

-4.32%

BRE.AX

5.93%

BRG.AX

-2.43%

BGP.AX

BFL.AX

4.71%

BWP.AX

0.26%

CMM.AX

3.46%

CSC.AX

2.92%

CAR.AX

-0.45%

CIN.AX

-1.37%

CYL.AX

1.04%

CAT.AX

0.75%

CWP.AX

6.74%

CNI.AX

3.06%

CIP.AX

1.43%

COF.AX

CHN.AX

2.28%

CGF.AX

0.65%

CIA.AX

1.84%

CHC.AX

0.36%

CLW.AX

0.71%

CQR.AX

1.23%

CQE.AX

0.62%

CNU.AX

1.61%

C79.AX

-1.83%

CVL.AX

CU6.AX

1.66%

CWY.AX

CUV.AX

2.59%

CBO.AX

4.94%

COH.AX

0.61%

CDA.AX

-0.77%

COL.AX

-0.27%

CKF.AX

0.28%

CBA.AX

0.65%

CPU.AX

-0.44%

CEN.AX

1.68%

CRN.AX

4.29%

CCP.AX

-2.45%

CMW.AX

1.09%

CSL.AX

-0.59%

CCL.AX

0.48%

DBI.AX

0.91%

DTL.AX

-0.56%

DTR.AX

3.64%

DYL.AX

0.56%

DRR.AX

-0.97%

DVP.AX

DXS.AX

DXI.AX

1.42%

DDR.AX

-1.82%

DGT.AX

-0.38%

DUI.AX

-0.19%

DJW.AX

DMP.AX

2.18%

DOW.AX

0.52%

DPM.AX

1.18%

DRO.AX

-5.9%

DUR.AX

0.47%

DNL.AX

APE.AX

1.98%

EBO.AX

-0.39%

EBR.AX

1.24%

ELD.AX

-0.84%

EOS.AX

-4.75%

ELV.AX

14.4%

EHL.AX

EMR.AX

3.72%

EDV.AX

EOL.AX

3.8%

ERA.AX

-16.67%

EQT.AX

0.28%

EVN.AX

3.53%

EVT.AX

FCL.AX

-2.36%

FFM.AX

7.95%

FPH.AX

1.79%

FPR.AX

2.46%

FBU.AX

1.42%

FLT.AX

FML.AX

4.02%

FMG.AX

-0.88%

FRW.AX

FGX.AX

-0.36%

FGG.AX

-0.61%

GEM.AX

1.26%

GLF.AX

0.4%

GDG.AX

-1.24%

GNE.AX

-1.34%

GMD.AX

3.55%

GTK.AX

-0.37%

GNP.AX

4.98%

GMG.AX

GPT.AX

0.37%

GQG.AX

-3.69%

GNG.AX

2.81%

GNC.AX

0.8%

GGP.AX

2.15%

GOZ.AX

1.19%

GCI.AX

GYG.AX

-0.11%

GWA.AX

HSN.AX

-0.36%

HVN.AX

-0.41%

HLS.AX

5.95%

HGH.AX

HM1.AX

-0.3%

HLI.AX

-0.37%

HMC.AX

-3.43%

HDN.AX

0.74%

HUB.AX

-2.24%

IEL.AX

-0.71%

IGO.AX

-2.89%

ILU.AX

4.06%

IMD.AX

0.29%

IFM.AX

-0.3%

IFT.AX

0.09%

INA.AX

0.72%

ING.AX

-1.63%

IFL.AX

0.22%

IAG.AX

-0.63%

IDX.AX

4.44%

IPX.AX

0.15%

IPH.AX

1.37%

IRE.AX

2.43%

JHX.AX

-1.89%

JBH.AX

-3.44%

JDO.AX

-0.59%

JIN.AX

-3.69%

JMS.AX

-1.89%

KAR.AX

1.58%

KLS.AX

1.46%

KCN.AX

11.68%

KKC.AX

1.35%

L1G.AX

-1.74%

LSF.AX

2.91%

LRV.AX

10.19%

LFS.AX

-3.95%

LLC.AX

LFG.AX

0.98%

360.AX

1.34%

LIC.AX

-0.38%

LNW.AX

-1.82%

LIN.AX

8.33%

LTR.AX

2.62%

LOT.AX

-2.5%

LOV.AX

-4.76%

LYL.AX

-2.33%

LYC.AX

3.11%

MA1.AX

-0.25%

MAF.AX

-0.31%

MGH.AX

1.06%

MAH.AX

1.08%

MQG.AX

-1.33%

MAQ.AX

-0.06%

MAD.AX

-1.33%

MFG.AX

-2.93%

MMS.AX

0.29%

MPL.AX

0.41%

MEK.AX

2.5%

MP1.AX

0.67%

MCY.AX

1.78%

MEZ.AX

-2.1%

MSB.AX

MTM.AX

11.26%

MLX.AX

0.6%

MTS.AX

-1.55%

MEI.AX

11.11%

MOT.AX

-0.79%

MXT.AX

-0.51%

MFF.AX

-1.04%

MIN.AX

0.41%

MI6.AX

9.09%

MIR.AX

-0.3%

MGR.AX

MND.AX

1.4%

MYR.AX

-1.25%

MYS.AX

0.45%

NAN.AX

0.44%

NAB.AX

-0.07%

NSR.AX

-0.43%

NGI.AX

-0.4%

NWL.AX

-0.77%

NEU.AX

-0.82%

NHC.AX

-0.95%

NEM.AX

3.22%

NWS.AX

1.4%

NXG.AX

2.31%

NXT.AX

-0.88%

NHF.AX

NCK.AX

-0.86%

NIC.AX

-1.33%

NEC.AX

0.87%

NST.AX

3.45%

NWH.AX

1.25%

NUF.AX

-1.89%

NXL.AX

-1.21%

OCL.AX

0.93%

OML.AX

1.1%

OPH.AX

0.29%

OBM.AX

3.86%

ORI.AX

0.68%

ORG.AX

-2.78%

ORA.AX

-0.99%

PDN.AX

1.79%

PNR.AX

3.02%

PGC.AX

3.23%

PPC.AX

-0.52%

PPM.AX

0.45%

PRN.AX

1.5%

PPT.AX

-1.08%

PCI.AX

1.69%

PRU.AX

3.62%

PXA.AX

2.09%

PLS.AX

PNI.AX

-1.69%

PL8.AX

0.71%

PGF.AX

-0.73%

PNV.AX

-4%

PDI.AX

2.73%

PMV.AX

-2.68%

PME.AX

0.1%

PFP.AX

3.72%

PWH.AX

-0.12%

PYC.AX

6.33%

QAN.AX

-1.64%

QBE.AX

0.2%

QOR.AX

1.27%

QAL.AX

0.82%

QRI.AX

-0.31%

QUB.AX

RAC.AX

-2.86%

RMS.AX

1.22%

RHC.AX

0.88%

REA.AX

-0.33%

RDX.AX

1.4%

REH.AX

-3.15%

RF1.AX

1.23%

RPL.AX

-2.01%

RGN.AX

0.41%

REG.AX

RRL.AX

5.06%

RWC.AX

-0.24%

RMD.AX

1.65%

RSG.AX

RBD.AX

SGLLV.AX

-1.04%

RIC.AX

RIO.AX

-0.42%

RUL.AX

RFF.AX

RYM.AX

2.42%

SFR.AX

-0.61%

SMI.AX

1.35%

STO.AX

-0.94%

SCG.AX

0.25%

SEK.AX

0.41%

SHV.AX

1.57%

SRV.AX

0.68%

SSM.AX

1.34%

SGH.AX

-2.43%

SIG.AX

0.32%

SLX.AX

-1.43%

SGM.AX

0.44%

SDR.AX

-3%

SKC.AX

1.6%

SPZ.AX

SIQ.AX

0.12%

SHL.AX

0.52%

S32.AX

-0.94%

SX2.AX

2.95%

SXE.AX

3.8%

SPK.AX

1.42%

SRG.AX

0.36%

SBM.AX

-0.96%

SMR.AX

0.47%

SDF.AX

-9.68%

SGP.AX

0.96%

SNZ.AX

0.1%

SUN.AX

0.05%

SRL.AX

0.9%

SUL.AX

-1.48%

SLC.AX

0.32%

SNL.AX

-2.86%

SYL.AX

0.42%

TAH.AX

0.95%

TEA.AX

2.02%

TNE.AX

-0.03%

TLX.AX

-0.62%

TLS.AX

0.62%

TPW.AX

-1.33%

A2M.AX

1.71%

TLC.AX

-1.08%

TWR.AX

-2.77%

TPG.AX

TCL.AX

0.49%

TWE.AX

-1.16%

TUA.AX

4.3%

TRA.AX

2.07%

TYR.AX

-1.77%

UNI.AX

-1.56%

VAU.AX

5.8%

VNT.AX

4.95%

VCX.AX

-0.79%

VGN.AX

VGL.AX

-5.74%

VEA.AX

1.66%

VUL.AX

7.51%

VSL.AX

0.42%

WA1.AX

-3.02%

WGN.AX

-1.46%

WAM.AX

0.86%

WGB.AX

-0.4%

WLE.AX

1.82%

SOL.AX

-0.34%

WPR.AX

0.76%

WEB.AX

-0.24%

WBT.AX

3.62%

WES.AX

-2.47%

WGX.AX

5.35%

WBC.AX

1.07%

WHF.AX

1.81%

WHC.AX

-0.28%

WIA.AX

1.43%

WTN.AX

WTC.AX

-1.78%

WDS.AX

1.22%

WOW.AX

-0.42%

WOR.AX

-0.42%

XRO.AX

-0.97%

YAL.AX

-0.54%

ZIM.AX

2.89%

ZIP.AX

-1.02%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	148.12	0.01	0.01
SSO ASX Small Caps	17.44	0.15	0.87
IVV S&P 500	69.85	0.29	0.42
NDQ Nasdaq	58.60	0.3	0.51
F100 FTSE 100	14.76	0.05	0.34
ASIA Asia Tech	15.16	0.16	1.07
IEU Europe	100.12	-0.11	-0.11
IEM Emerging Markets	85.31	0.11	0.13
Gold Gold	56.02	0.78	1.41
ACDC Battery Tech	132.34	-0.28	-0.21

COMMODITIES	Close($)	-/+	%
Gold	4,009.01	-14.21	-0.35
Silver	49.07	0.165	0.34
Platinum	1,617.65	6.652	0.41
Palladium	1,461.28	16.1567	1.12
Ice Brent Crude	64.72	-0.2	-0.31
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6533	-0.002	-0.31
Euro	1.1555	-0.0005	-0.04
British Pound	1.3127	-0.0023	-0.17
Canadian Dollar	1.4006	0.0021	0.15
New Zealand Dollar	0.5713	-0.0028	-0.49
Chinese Yuan	7.1139	0.0042	0.06
Japanese Yen	154.3500	0.23	0.15

What We're Watching

10 Stocks We like Here & Now

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
DBI	Dalrymple Bay Infrastructure Ltd	4.43	0.91%	31.04%	3.27 4.93
DDR	Dicker Data Ltd	10.25	-1.82%	20.55%	7.58 10.67
GQG	Gqg Partners Inc	1.57	-3.69%	-41.76%	1.54 2.85
HUB	Hub24 Ltd	114.16	-2.24%	69.58%	48.84 122.03
JHX	James Hardie Ind	32.21	-1.89%	-34.17%	27.32 58.82
MGR	Mirvac Group	2.30	0%	6.48%	1.81 2.46
NSR	National Storage Reit	2.30	-0.43%	-7.60%	2.05 2.56
PDN	Paladin Energy Ltd	9.65	1.79%	-3.76%	3.93 11.40
WTC	Wisetech Global Ltd	69.12	-1.78%	-39.02%	67.80 141.61
XRO	Xero Ltd	145.00	-0.97%	-2.39%	134.00 196.52

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
BOC	Bougainville Cop	1.46	29.78
ELV	Elevra Lithium	4.45	14.4
KCN	Kingsgate Fpo	3.92	11.68
MTM	Metallium	0.84	11.26
MEI	Meteoric Resourc	0.20	11.11
LRV	Larvotto Resourc	1.14	10.19
MI6	Minerals 260	0.30	9.09
LIN	Lindian Resource	0.33	8.33
FFM	Firefly Metals	1.90	7.95
VUL	Vulcan Energy	6.73	7.51

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ERA	Energy Resources	0.00	-16.67
SDF	Steadfast Group	5.60	-9.68
DRO	Droneshield	3.83	-5.9
VGL	Vista Group Inte	2.30	-5.74
AAI	Alcoa Corpor Cdi	56.67	-4.9
LOV	Lovisa Holdings	36.24	-4.76
EOS	Electro Optic Sy	6.21	-4.75
BVS	Bravura Solution	2.88	-4.32
PNV	Polynovo	1.32	-4
LFS	Latitude Group	1.10	-3.95

OPINION

Latest Market Matters Opinions

31/10/2025 16:50

Broker Moves

• Energy One Rated New Buy at Ord Minnett; PT A$24.47 • IGO Cut to Neutral at Jarden Securities; PT A$4.84 • Objective Corp Rated New Overweight at Morgan Stanley; PT A$25 • Coronado GDRs Raised to Neutral at Barrenjoey • Champion Iron Cut to Hold at Bell Potter; PT A$5.65 • Cosol Cut to Hold at Bell Potter; PT 55 Australian cents

31/10/2025 16:50

What Mattered Today

The ASX was a story of two tales today, with early gains driven by gold miners and the major banks as global risk sentiment improved following progress in US–China trade talks.

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Market Matters Content

ETF Friday: Three ETFs that could benefit from higher bond yields/interest rates

Morning report 31/10/2025

Afternoon Report

The Match Out: ASX rallies early, closes in negative territory

Afternoon report 31/10/2025

Ask James ASK A QUESTION

Ask James

Question asked 31/10/2025

James Hardie (JHX) board bloodletting at the AGM.

Hi It can't happen very often where a high profile ASX company loses three directors (including the chair) after a vote at the AGM. It looks like another two only just survived and the remuneration report was only accepted by 33% of votes as well. Was this the shareholders finally flexing their muscles over the widely-disliked Azek takeover earlier this year and showing the board what they thought of it, or was there something else at play? Regards, Carl

Ask James

Question asked 31/10/2025

Outlook For Rural Funds Management (RFF)

Hello Market Matters Wondering what your thoughts are in relation to the RFF report out? I was unclear as to the EPS outlook. Thanks for your great commentary. Regards Rob

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Wednesday 10th September – Dow up +196pts, SPI down -4pts 10/09/2025 08:27am Listen now

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Market Matters Video Update: Portfolio Performance update for September 2024 11/10/2024

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Latest View Points

WGX

FLOT

AAA

QPON

BTU US

CMG US

FSLR US

AMZN US

AAPL US

MIN

JBH

COL

Chart of the week

Gold v Crude Oil – Source Tom McCellan

Aus. Investment blog Subscribe to blog

Westgold Resources (WGX) leads the gold resurgence

Gold stocks surge into weekend to close higher for the week.

ASX:WGX 29/10/2025

Paladin (PDN), Deep Yellow surge higher but lag US uranium peers

Global uranium names are surging higher after the US government committed to spend $US80bn building nuclear reactors.

Invest Direct 29/10/2025

Morning Report

ETF Friday: Three ETFs that could benefit from higher bond yields/interest rates

Morning report 31/10/2025

Afternoon Report

The Match Out: ASX rallies early, closes in negative territory

Afternoon report 31/10/2025

Ask James ASK A QUESTION

Ask James

Question asked 31/10/2025

James Hardie (JHX) board bloodletting at the AGM.

Ask James

Question asked 31/10/2025

Outlook For Rural Funds Management (RFF)

Hello Market Matters Wondering what your thoughts are in relation to the RFF report out? I was unclear as to the EPS outlook. Thanks for your great commentary. Regards Rob

Latest View Points

WGX

FLOT

AAA

QPON

BTU US

CMG US

FSLR US

AMZN US

AAPL US

MIN

JBH