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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

2.47%

4DX.AX

2.84%

ABG.AX

0.44%

ASK.AX

0.33%

AX1.AX

0.57%

AIS.AX

A1G.AX

3.8%

AGL.AX

-0.47%

AIZ.AX

1.03%

AAI.AX

0.22%

ALK.AX

0.59%

A4N.AX

-0.77%

ALQ.AX

0.94%

AMC.AX

0.21%

AOV.AX

-0.24%

AMP.AX

0.18%

AEL.AX

0.87%

ALD.AX

-0.21%

ANN.AX

-1.61%

ANZ.AX

-0.61%

APA.AX

0.11%

ARU.AX

-2.17%

ARB.AX

-0.08%

ARF.AX

0.29%

ARG.AX

-0.11%

ALL.AX

-0.02%

AYA.AX

-2.42%

APZ.AX

2.77%

ASX.AX

0.11%

ALX.AX

-0.73%

AUB.AX

0.04%

AIA.AX

-0.27%

AZJ.AX

0.75%

AUC.AX

3.3%

ABB.AX

-1.72%

ASB.AX

-4.76%

AAC.AX

0.75%

AEF.AX

1.13%

AFG.AX

-0.49%

AFI.AX

0.29%

AUI.AX

-0.17%

ASG.AX

-4.48%

BOQ.AX

-0.28%

BMN.AX

0.46%

BCI.AX

1.32%

BPT.AX

BLX.AX

BGA.AX

-0.46%

BGL.AX

1.39%

BEN.AX

-0.72%

BNZ.AX

1.32%

BHP.AX

1.41%

BKI.AX

BC8.AX

3.85%

XYZ.AX

-0.05%

BSL.AX

0.28%

BOE.AX

-0.87%

BXB.AX

0.54%

BVS.AX

2.6%

BRE.AX

0.67%

BRG.AX

0.89%

BGP.AX

BFL.AX

0.58%

BWP.AX

-1.04%

CMM.AX

1.13%

CSC.AX

CAR.AX

-1.42%

CIN.AX

CYL.AX

2.15%

CAT.AX

-0.85%

CWP.AX

CNI.AX

-0.49%

CIP.AX

-0.63%

COF.AX

CHN.AX

4.16%

CGF.AX

0.11%

CIA.AX

1.58%

CHC.AX

-0.72%

CLW.AX

-0.13%

CQR.AX

-0.5%

CQE.AX

0.7%

CNU.AX

-0.62%

C79.AX

0.4%

CVL.AX

1.73%

CU6.AX

10.83%

CWY.AX

CUV.AX

CBO.AX

-1.23%

COH.AX

0.58%

CDA.AX

COL.AX

-0.56%

CKF.AX

-0.48%

CBA.AX

0.14%

CPU.AX

-0.38%

CEN.AX

-1.02%

CXO.AX

CRN.AX

CCP.AX

0.87%

CMW.AX

CSL.AX

0.05%

CCL.AX

0.75%

DBI.AX

0.2%

DTL.AX

-3.19%

DTR.AX

3.45%

DYL.AX

1.13%

DRR.AX

0.47%

DVP.AX

1.89%

DXS.AX

-1.05%

DXI.AX

0.8%

DDR.AX

1.15%

DGT.AX

0.46%

DUI.AX

DJW.AX

DMP.AX

0.09%

DOW.AX

1.03%

DPM.AX

1.44%

DRO.AX

-2.17%

DUR.AX

-2.36%

DNL.AX

-0.6%

APE.AX

0.66%

EBO.AX

0.68%

ELD.AX

-0.07%

EOS.AX

1.91%

ELV.AX

2.06%

ELS.AX

-0.28%

EHL.AX

-0.38%

EMR.AX

-0.47%

EDV.AX

-0.78%

ERA.AX

EQR.AX

2.22%

EQT.AX

-1.07%

EVN.AX

1.36%

EVT.AX

2.72%

FCL.AX

FFM.AX

3.21%

FPH.AX

3.81%

FPR.AX

1.48%

FBU.AX

-0.67%

FLT.AX

-0.14%

FML.AX

2.84%

FRS.AX

0.89%

FMG.AX

-0.4%

FRW.AX

0.24%

FGX.AX

FGG.AX

0.31%

GLF.AX

-1.08%

GDG.AX

-0.21%

GNE.AX

GMD.AX

2.91%

GTK.AX

-1.61%

GNP.AX

4.7%

GMG.AX

-1.09%

GPT.AX

-0.8%

GQG.AX

0.58%

GNG.AX

0.43%

GNC.AX

-0.86%

GGP.AX

1.23%

GOZ.AX

-0.44%

GCI.AX

GYG.AX

5.48%

GWA.AX

1.24%

HSN.AX

-0.78%

HVN.AX

-0.47%

HLS.AX

1.45%

HGH.AX

HM1.AX

-0.67%

HLI.AX

-0.52%

HMC.AX

HDN.AX

-0.76%

HUB.AX

-0.51%

IEL.AX

-0.4%

IGO.AX

1.39%

ILU.AX

-0.91%

IMD.AX

0.9%

IMM.AX

IMR.AX

0.46%

IFT.AX

-0.76%

INA.AX

-1.43%

ING.AX

-0.95%

IFL.AX

0.32%

IAG.AX

0.56%

IDX.AX

-0.41%

IPX.AX

0.34%

IPH.AX

0.54%

IRE.AX

-0.14%

JHX.AX

0.69%

JBH.AX

0.01%

JDO.AX

-1.12%

JIN.AX

0.1%

JMS.AX

1.67%

KAR.AX

-0.58%

KLS.AX

-0.26%

KCN.AX

2.75%

KKC.AX

-0.44%

GLS.AX

-0.5%

L1G.AX

-0.41%

LSF.AX

1.41%

LRV.AX

5.43%

LFS.AX

0.26%

LLC.AX

0.87%

LFG.AX

0.52%

360.AX

-2.39%

LIC.AX

7.6%

LNW.AX

-0.59%

LIN.AX

1.22%

LTR.AX

1.54%

LOT.AX

1.42%

LOV.AX

-0.21%

LYL.AX

-0.07%

LYC.AX

0.13%

MA1.AX

MAF.AX

2.31%

MGH.AX

-0.12%

MAH.AX

1.95%

MQG.AX

-0.45%

MAQ.AX

1.19%

MAD.AX

1.61%

MFG.AX

-6.2%

MAU.AX

0.76%

MMS.AX

2.62%

MPL.AX

0.11%

MEK.AX

3.33%

MP1.AX

-3.63%

MCY.AX

MEZ.AX

-1.66%

MSB.AX

-0.83%

MTM.AX

-2.58%

MLX.AX

2.34%

MTS.AX

0.31%

MEI.AX

MOT.AX

MXT.AX

0.5%

MFF.AX

0.21%

MGX.AX

MIN.AX

2.14%

MI6.AX

20.83%

MIR.AX

1.04%

MGR.AX

0.5%

MND.AX

-0.3%

MYR.AX

1.35%

MYS.AX

1.88%

NAN.AX

-0.8%

NAB.AX

0.46%

NSR.AX

0.18%

NGI.AX

-1.99%

NWL.AX

0.97%

NEU.AX

0.61%

NHC.AX

0.63%

NMG.AX

2.38%

NEM.AX

1.99%

NWS.AX

0.38%

NXG.AX

-0.28%

NXT.AX

-1.44%

NHF.AX

0.46%

NCK.AX

-1.12%

NIC.AX

NEC.AX

1.87%

NST.AX

0.64%

NWH.AX

-0.32%

NUF.AX

-1.92%

NXL.AX

23.53%

OCL.AX

1.82%

OML.AX

OPH.AX

-0.35%

OBM.AX

2.03%

ORI.AX

-2.67%

ORG.AX

-0.74%

ORA.AX

PDN.AX

-0.36%

PNR.AX

2.66%

PPC.AX

PPM.AX

-1.27%

PRN.AX

-19.15%

PPT.AX

-0.06%

PCI.AX

PRU.AX

1.19%

PXA.AX

-0.55%

PNI.AX

-0.24%

PL8.AX

-0.35%

PLS.AX

0.72%

PGF.AX

0.63%

PNV.AX

0.54%

PDI.AX

1.68%

PMV.AX

-0.5%

PME.AX

-0.66%

PFP.AX

PWH.AX

PYC.AX

0.67%

QAN.AX

0.05%

QBE.AX

3.72%

QAL.AX

-1.28%

QRI.AX

-0.32%

QUB.AX

-0.2%

RMS.AX

2.66%

RHC.AX

-0.75%

REA.AX

-1.91%

RDX.AX

-1.35%

REH.AX

11.12%

RF1.AX

RPL.AX

0.32%

RG1.AX

0.88%

RGN.AX

REG.AX

6.99%

RRL.AX

1.65%

RWC.AX

RMD.AX

RSG.AX

1.05%

SGLLV.AX

2.04%

RIC.AX

-0.4%

RIO.AX

-1.46%

RXR.AX

3.3%

RXL.AX

3.92%

RFF.AX

RYM.AX

-6.31%

SFR.AX

1.06%

SMI.AX

-1.1%

STO.AX

-2.74%

SCG.AX

-0.52%

SEK.AX

-0.25%

SHV.AX

1.6%

SRV.AX

-1.15%

SSM.AX

-0.9%

SGH.AX

-0.31%

SHA.AX

1.36%

SIG.AX

0.34%

SLX.AX

1.14%

SGM.AX

0.83%

SDR.AX

-0.83%

SKS.AX

-3.82%

SKC.AX

-1.43%

SPZ.AX

-0.77%

SIQ.AX

1.04%

SHL.AX

-0.34%

S32.AX

1.14%

SX2.AX

3.21%

SXE.AX

2.06%

SPK.AX

SRG.AX

-2.85%

SBM.AX

1.99%

SMR.AX

5.7%

SDF.AX

SGP.AX

0.59%

STK.AX

2.22%

SNZ.AX

SUN.AX

-1.29%

SRL.AX

3.9%

SUL.AX

-0.72%

SLC.AX

SNL.AX

1.4%

SYL.AX

-21.04%

TAH.AX

-0.56%

TEA.AX

-0.26%

TNE.AX

-0.69%

TLX.AX

3.74%

TLS.AX

-0.2%

TPW.AX

-1.53%

A2M.AX

-1.16%

TLC.AX

-0.18%

SGR.AX

TVN.AX

3.45%

TWR.AX

-0.97%

TPG.AX

-0.26%

TCL.AX

0.14%

TWE.AX

-1.24%

TUA.AX

0.15%

TCG.AX

2.19%

TYR.AX

USL.AX

9.55%

UNI.AX

2.02%

VAU.AX

1.65%

VNT.AX

-0.18%

VCX.AX

-3.14%

VGN.AX

VEA.AX

-0.28%

VUL.AX

1.08%

VSL.AX

WA1.AX

2.76%

WGN.AX

-0.78%

WAM.AX

0.28%

WGB.AX

1.31%

WLE.AX

0.72%

SOL.AX

0.16%

WPR.AX

-0.8%

WEB.AX

-0.85%

WBT.AX

4.08%

WES.AX

0.27%

WAF.AX

-2.8%

WGX.AX

2.89%

WBC.AX

0.71%

WHF.AX

0.38%

WHC.AX

-0.64%

WIA.AX

2.22%

WC8.AX

3.37%

WTC.AX

-0.23%

WDS.AX

-0.07%

WOW.AX

-0.22%

WOR.AX

-0.3%

XRO.AX

-0.46%

YAL.AX

-0.49%

ZIM.AX

0.1%

ZIP.AX

1.69%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	151.95	0.41	0.27
SSO ASX Small Caps	16.73	0	0
IVV S&P 500	64.93	-0.2	-0.31
NDQ Nasdaq	51.99	-0.1	-0.19
F100 FTSE 100	15.30	0.04	0.26
ASIA Asia Tech	16.10	0.2	1.26
IEU Europe	102.81	-0.01	-0.01
IEM Emerging Markets	88.32	0.62	0.71
Gold Gold	66.10	0.96	1.47
ACDC Battery Tech	145.91	-0.84	-0.57

COMMODITIES	Close($)	-/+	%
Gold	5,141.06	37.57	0.74
Silver	85.98	1.4119	1.67
Platinum	2,181.90	25.35	1.18
Palladium	1,758.25	10.25	0.59
Ice Brent Crude	71.68	0.02	0.03
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7088	0.0005	0.07
Euro	1.1803	0.0025	0.21
British Pound	1.3501	0.0019	0.14
Canadian Dollar	1.3671	-0.0007	-0.05
New Zealand Dollar	0.5981	0.0007	0.12
Chinese Yuan	6.9080	0.007	0.1
Japanese Yen	154.6800	-0.36	-0.23

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.60	1.71%	44.44%	0.28 0.68
BGL	Bellevue Gold Ltd	1.84	1.66%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	54.17	1.58%	32.83%	33.25 54.20
FMG	Fortescue Ltd	19.98	-0.3%	9.87%	13.18 23.38
NHC	New Hope Corporation Ltd	4.79	0.63%	14.70%	3.33 4.88
WHC	Whitehaven Coal Ltd	7.74	-0.9%	38.23%	4.26 9.59
NEM	Newmont Cdi	170.89	1.96%	0.00%	66.39 190.54
NXG	Nexgen Ene Cdi	17.59	-0.28%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	19.14	1.59%	74.61%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
NXL	Nuix	1.68	23.53
MI6	Minerals 260	0.51	20.83
REH	Reece	15.49	11.12
CU6	Clarity Pharmace	3.89	10.83
USL	Unico Silver	0.86	9.55
LIC	Lifestyle Commun	5.60	7.6
REG	Regis Healthcare	6.89	6.99
SMR	Stanmore Resourc	2.78	5.7
GYG	Guzman Y Gomez	18.49	5.48
LRV	Larvotto Resourc	1.46	5.43

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
SYL	Symal Group	2.59	-21.04
PRN	Perenti	2.28	-19.15
RYM	Ryman Healthcare	2.08	-6.31
MFG	Magellan Financi	8.77	-6.2
ASB	Austal	6.00	-4.76
ASG	Autosports Group	3.41	-4.48
SKS	Sks Technologies	4.53	-3.82
MP1	Megaport	9.30	-3.63
DTL	Data#3	8.81	-3.19
VCX	Vicinity Centres	2.47	-3.14

OPINION

Latest Market Matters Opinions

23/02/2026 09:19

Euro (EURUSD) FX

The Euro supports our thoughts around the $US with a further consolidation following the markets strong advance from the 2025 lows likely.

23/02/2026 09:18

Fridays dip in the $US hardly registered on the chart but it was enough to excite precious metals. With policy moves changing like the weather its hard to forecast the short term path of the Greenback but our “Gut Feel” is it could still retest the ~100 this year which would ultimately create a headwind for the likes of gold and silver.

ACTION

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Macro Monday: Don’t panic around Trumps 15% tariffs

Morning report 23/02/2026

Afternoon Report

The Match Out: ASX holds steady near highs, QBE lifts on bumper result

Afternoon report 20/02/2026

Ask James ASK A QUESTION

Ask James

Question asked 21/02/2026

Fortescue Ltd (FMG) iron ore concern?

Hi Team, With BHP and RIO reporting slowing demand for iron ore and copper generating the bulk of there profits. Where do you see this leading into FMG reporting with no exposure to copper and strong relationship with China regarding iron ore? Will this effect there dividend payout? Cheers Craig

Ask James

Question asked 21/02/2026

Could you clarify what is happening in Korea?

Just over 50% of our funds are invested in Korea, which is a very big position for us, and it has performed very well. I came upon this article yesterday (link attached) and it seems to be very important but I do not understand it at all. Can you tell me what it means? - Article Here. Many thanks, Bill

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