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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

2.21%

4DX.AX

-2.3%

ABG.AX

ASK.AX

2.2%

A1G.AX

8.38%

AGL.AX

-0.7%

AIZ.AX

1.43%

AAI.AX

0.19%

ALK.AX

1.8%

A4N.AX

-0.46%

ALQ.AX

3.12%

AMC.AX

-0.72%

AOV.AX

0.97%

AMP.AX

1.94%

AEL.AX

3.34%

ALD.AX

-0.62%

ANN.AX

1.61%

ANZ.AX

1.03%

APA.AX

0.15%

ARU.AX

4.72%

ARB.AX

1.66%

ARF.AX

0.31%

ARG.AX

0.77%

ALL.AX

1.61%

AYA.AX

5.54%

APZ.AX

-0.45%

ASX.AX

3.48%

ALX.AX

-0.8%

AUB.AX

1.58%

AIA.AX

1.74%

AZJ.AX

ABB.AX

2.8%

ASB.AX

0.21%

AAC.AX

1.92%

AEF.AX

0.89%

AFG.AX

3.08%

AFI.AX

-0.61%

AUI.AX

0.77%

BOQ.AX

0.67%

BMN.AX

-0.42%

BCI.AX

1.3%

BPT.AX

-0.58%

BGA.AX

1.71%

BGL.AX

2.61%

BEN.AX

0.55%

BNZ.AX

6.37%

BHP.AX

0.5%

BKI.AX

0.29%

BC8.AX

5.29%

XYZ.AX

4.61%

BSL.AX

-0.08%

BOE.AX

2.85%

BXB.AX

1.34%

BVS.AX

5.08%

BRE.AX

1.45%

BRG.AX

3.04%

BGP.AX

BFL.AX

0.63%

BWP.AX

1.08%

CMM.AX

3.92%

CSC.AX

-0.78%

CAR.AX

4.36%

CIN.AX

CYL.AX

4.71%

CAT.AX

6.02%

CWP.AX

-0.28%

CNI.AX

2.1%

CIP.AX

0.35%

COF.AX

CHN.AX

4.83%

CGF.AX

3.44%

CIA.AX

-1.67%

CHI.AX

CHC.AX

CLW.AX

1.19%

CQR.AX

1.45%

CQE.AX

0.78%

CNU.AX

-0.51%

C79.AX

0.58%

CVL.AX

0.35%

CU6.AX

1.32%

CWY.AX

0.89%

CBO.AX

3.98%

COH.AX

2.16%

CDA.AX

-0.86%

COL.AX

-0.25%

CKF.AX

-0.74%

CBA.AX

0.88%

CPU.AX

1.95%

CEN.AX

-0.9%

CXO.AX

2.04%

CRN.AX

11.36%

CCP.AX

4.04%

CMW.AX

CSL.AX

1.89%

CCL.AX

DBI.AX

-0.39%

DTL.AX

DTR.AX

DYL.AX

1.76%

DRR.AX

DVP.AX

1.44%

DXS.AX

0.08%

DXI.AX

0.87%

DDR.AX

0.77%

DGT.AX

2.39%

DUI.AX

1.01%

DJW.AX

DMP.AX

-0.56%

DOW.AX

1.17%

DPM.AX

DRO.AX

2.56%

DUR.AX

1.88%

DNL.AX

0.8%

APE.AX

3.59%

EBO.AX

0.88%

EIQ.AX

-1.11%

ELD.AX

0.84%

EOS.AX

3.11%

ELV.AX

1.7%

ELS.AX

-3.98%

EHL.AX

3.19%

EMR.AX

1.93%

EDV.AX

-0.45%

ERA.AX

EQR.AX

1.54%

EQT.AX

2.15%

EVN.AX

2.04%

EVT.AX

1.13%

FCL.AX

-1.75%

FFM.AX

7.06%

FPH.AX

2.69%

FPR.AX

4.18%

FBU.AX

-1.2%

FLT.AX

1.24%

FML.AX

3.02%

FRS.AX

0.5%

FMG.AX

-0.39%

FRW.AX

0.4%

FGX.AX

1.55%

FGG.AX

-0.33%

GLF.AX

-1.57%

GDG.AX

6.27%

GNE.AX

0.56%

GMD.AX

4.49%

GTK.AX

1.09%

GNP.AX

3.02%

GMG.AX

1.2%

GPT.AX

0.44%

GQG.AX

3.13%

GNG.AX

3.14%

GNC.AX

1.06%

GGP.AX

6.04%

GOZ.AX

1.93%

GCI.AX

0.63%

GYG.AX

0.81%

GWA.AX

-0.94%

HSN.AX

2.7%

HVN.AX

0.4%

HGH.AX

-0.51%

HM1.AX

1.27%

HLI.AX

3.35%

HMC.AX

5.91%

HDN.AX

1.06%

HUB.AX

3.13%

IEL.AX

6.1%

IGO.AX

-3.09%

ILU.AX

0.23%

IMD.AX

1.45%

IMR.AX

1.56%

IFT.AX

1.47%

INA.AX

1.41%

ING.AX

2.75%

IFL.AX

0.11%

IAG.AX

1.22%

IDX.AX

0.64%

IPX.AX

3.85%

IPH.AX

1.56%

IRE.AX

1.76%

JHX.AX

-0.34%

JBH.AX

-0.38%

JDO.AX

1.29%

JMS.AX

-0.94%

KAR.AX

-4.21%

KLS.AX

0.53%

KCN.AX

6.09%

KKC.AX

GLS.AX

L1G.AX

4.03%

LSF.AX

-1.77%

LRV.AX

0.99%

LFS.AX

LLC.AX

0.77%

LFG.AX

1.13%

360.AX

2.98%

LIC.AX

3.51%

LNW.AX

2.02%

LIN.AX

LTR.AX

-2.83%

LOV.AX

-1.53%

LYL.AX

1.56%

LYC.AX

-1.47%

MA1.AX

0.25%

MAF.AX

0.72%

MGH.AX

-0.57%

MAH.AX

0.7%

MQG.AX

1.63%

MAQ.AX

0.68%

MAD.AX

1.3%

MFG.AX

1.94%

MAU.AX

1.35%

MMS.AX

2.36%

MPL.AX

1.03%

MEK.AX

7.81%

MP1.AX

4.27%

MCY.AX

-3.16%

MEZ.AX

1.44%

MSB.AX

0.7%

MLX.AX

-1.95%

MTS.AX

-0.33%

MOT.AX

-0.44%

MXT.AX

-1.05%

MFF.AX

0.22%

MIN.AX

-2.6%

MI6.AX

4.55%

MIR.AX

1.18%

MGR.AX

0.28%

MND.AX

-0.47%

MYR.AX

-0.81%

MYS.AX

1.04%

NAN.AX

1.9%

NAB.AX

0.57%

NSR.AX

0.18%

NGI.AX

3.38%

NWL.AX

5.34%

NEU.AX

2.06%

NHC.AX

-4.91%

NEM.AX

3.26%

NWS.AX

3.93%

NXG.AX

-0.43%

NXT.AX

1.64%

NHF.AX

1.26%

NCK.AX

1.37%

NIC.AX

2.29%

NEC.AX

2.16%

NST.AX

4.56%

NWH.AX

0.28%

NUF.AX

2.27%

OCL.AX

0.35%

OML.AX

6.25%

OPH.AX

1.92%

OBM.AX

4.75%

ORI.AX

-1.23%

ORG.AX

-0.12%

ORA.AX

0.13%

PDN.AX

1.7%

PNR.AX

4.4%

PPC.AX

2.04%

PPM.AX

2.33%

PRN.AX

3.39%

PPT.AX

0.76%

PCI.AX

0.96%

PRU.AX

3.71%

PXA.AX

3.45%

PNI.AX

2.21%

PL8.AX

-0.39%

PLS.AX

-1.23%

PGF.AX

1.14%

PNV.AX

1.12%

PDI.AX

3.85%

PMV.AX

1.48%

PME.AX

2.58%

PFP.AX

-0.74%

PWH.AX

-0.69%

PYC.AX

-2.24%

QAN.AX

1.39%

QBE.AX

0.98%

QAL.AX

-1.43%

QRI.AX

0.98%

QUB.AX

0.52%

RMS.AX

2.37%

RHC.AX

-0.03%

REA.AX

4.87%

RDX.AX

0.59%

REH.AX

-2.03%

RF1.AX

0.3%

RPL.AX

5.71%

RG1.AX

1.43%

RGN.AX

0.9%

REG.AX

-0.81%

RRL.AX

3.93%

RWC.AX

2.84%

RMD.AX

0.78%

RSG.AX

SGLLV.AX

4.07%

RIC.AX

RIO.AX

1.09%

RXL.AX

3.53%

RFF.AX

0.25%

RYM.AX

-2.58%

SFR.AX

0.28%

SMI.AX

3.76%

STO.AX

-1.74%

SCG.AX

0.45%

SEK.AX

4.79%

SHV.AX

1.58%

SRV.AX

0.66%

SSM.AX

0.52%

SGH.AX

0.88%

SHA.AX

-1.56%

SIG.AX

0.94%

SLX.AX

6.4%

SGM.AX

-7.21%

SDR.AX

6.27%

SKC.AX

SIQ.AX

3.45%

SHL.AX

-0.32%

S32.AX

-2.27%

SX2.AX

1.95%

SXE.AX

-2.79%

SPK.AX

-0.87%

SRG.AX

0.61%

SBM.AX

2.14%

SMR.AX

-2.47%

SDF.AX

2.92%

SGP.AX

-0.35%

STK.AX

3.95%

SNZ.AX

-0.13%

SUN.AX

1.55%

SRL.AX

-0.23%

SUL.AX

1.19%

SLC.AX

1.87%

SNL.AX

-1.4%

SYL.AX

-1.64%

TAH.AX

0.81%

TBN.AX

1.61%

TEA.AX

-4.03%

TNE.AX

3.85%

TLX.AX

4.22%

TLS.AX

0.28%

TPW.AX

6.77%

A2M.AX

2.23%

TLC.AX

0.28%

SGR.AX

TVN.AX

1.67%

TWR.AX

-0.96%

TPG.AX

0.5%

TCL.AX

0.07%

TWE.AX

1.25%

TUA.AX

1.08%

TCG.AX

UNI.AX

-3.57%

VAU.AX

2.51%

VNT.AX

-1.76%

VCX.AX

VGN.AX

2.61%

VEA.AX

1.38%

VUL.AX

-1.98%

VSL.AX

-2.26%

WA1.AX

2.09%

WGN.AX

1.97%

WAM.AX

0.3%

WGB.AX

WLE.AX

0.74%

SOL.AX

1.02%

WPR.AX

0.63%

WEB.AX

1.15%

WBT.AX

-1.95%

WES.AX

0.21%

WAF.AX

4.43%

WGX.AX

3.83%

WBC.AX

1.65%

WHF.AX

1.03%

WHC.AX

-5.54%

WIA.AX

5.13%

WC8.AX

1.32%

WTC.AX

4.68%

WDS.AX

-0.7%

WOW.AX

-0.19%

WOR.AX

-0.49%

XRO.AX

7.13%

YAL.AX

-2.87%

ZIM.AX

-3.29%

ZIP.AX

3.7%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	143.71	1.26	0.88
SSO ASX Small Caps	15.01	-0.07	-0.46
IVV S&P 500	62.01	0.25	0.4
NDQ Nasdaq	49.74	0.03	0.06
F100 FTSE 100	14.73	0.26	1.8
ASIA Asia Tech	14.32	-0.2	-1.38
IEU Europe	95.91	1.54	1.63
IEM Emerging Markets	81.16	0.02	0.02
Gold Gold	61.18	1.1	1.83
ACDC Battery Tech	144.87	-0.13	-0.09

COMMODITIES	Close($)	-/+	%
Gold	4,582.16	71.9227	1.59
Silver	72.39	2.4106	3.44
Platinum	1,915.68	16.1727	0.85
Palladium	1,433.25	27.4475	1.95
Ice Brent Crude	114.39	1.82	1.62
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6863	0.0012	0.18
Euro	1.1474	0.0009	0.08
British Pound	1.3207	0.0022	0.17
Canadian Dollar	1.3922	0	0
New Zealand Dollar	0.5724	0.0004	0.07
Chinese Yuan	6.9029	-0.009	-0.13
Japanese Yen	159.6400	-0.08	-0.05

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.50	4.69%	23.08%	0.28 0.75
BGL	Bellevue Gold Ltd	1.48	3.14%	24.89%	0.78 2.00
BHP	Bhp Group Ltd	50.66	0.45%	27.06%	33.25 59.39
FMG	Fortescue Ltd	20.49	-0.29%	28.36%	13.18 23.38
NHC	New Hope Corporation Ltd	5.83	-4.58%	59.95%	3.33 6.14
WHC	Whitehaven Coal Ltd	9.31	-5.39%	75.40%	4.26 9.90
NEM	Newmont Cdi	153.05	3.25%	0.00%	68.11 190.91
NXG	Nexgen Ene Cdi	16.11	-0.49%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	15.96	0.19%	47.50%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
CRN	Coronado Global	0.37	11.36
A1G	African Gold Ltd	0.97	8.38
MEK	Meeka Metals	0.17	7.81
XRO	Xero	75.53	7.13
FFM	Firefly Metals	1.75	7.06
RSG	Resolute Mining	1.38	7
TPW	Temple & Webster	7.10	6.77
SLX	Silex Systems	5.32	6.4
BNZ	Benz Mining-cdi	2.17	6.37
GDG	Generation Devel	4.16	6.27

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
SGM	Sims	17.96	-7.21
WHC	Whitehaven Coal	9.30	-5.54
NHC	New Hope Corpora	5.81	-4.91
KAR	Karoon Energy Lt	2.05	-4.21
TEA	Tasmea	4.52	-4.03
ELS	Elsight	5.55	-3.98
UNI	Universal Store	7.57	-3.57
ZIM	Zimplats Holding	17.33	-3.29
MCY	Mercury Nz	5.21	-3.16
IGO	Igo	7.84	-3.09

OPINION

Latest Market Matters Opinions

31/03/2026 09:41

Whitehaven Coal Ltd (WHC) $9.84

WHC has advanced +26% so far in 2026, taking it back toward its 2022 $11 high. The company delivered a solid result in February Here, but we are conscious that the stock is now approaching our medium-term target price as the war creates renewed interest in the sector. With cash generation and buybacks helping underpin the stock, and earnings highly leveraged to rising coal prices, there’s nothing not to like at present; however, as we all know, commodities are cyclical, and when they look their best, it can be time to trim.

31/03/2026 09:40

Coal ($US/MT)

The escalating tensions in the Persian Gulf have disrupted global energy markets, delivering an unexpected tailwind for coal, the most carbon-intensive, or dirty, fuel. Despite years of policy efforts aimed at phasing it out, structural demand across Asia, energy security concerns, and slow progress on renewables were already keeping coal firmly in the mix.

ACTION

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Market Matters Content

What Matters Today: Revisiting the energy sector as the War enters its fifth week

Morning report 31/03/2026

Afternoon Report

The Match Out: ASX down, though buyers step up into Monday’s weakness (again)

Afternoon report 30/03/2026

Ask James ASK A QUESTION

Ask James

Question asked 28/03/2026

Xero Ltd (XRO)

Dear James and Team I have been a subscriber for many years and respect your views and strategy on the market This week you topped up on Xero . I agree with you that this is a quality business and on a risk/reward basis could well be higher in 12 months time ( along with many other software companies ) What was your trigger to top up now ? I am not questioning your judgement but just trying to understand your process Was your decision based on a price point , or some other factors For the record I do own Xero and will top up at some stage , but not until I see some evidence of price appreciation above the moving averages I look forward to your comments Many thanks David

Ask James

Question asked 28/03/2026

Aurizon Holdings Ltd (AZJ)

I'm interested to hear if you are considering Aurizon for the Income portfolio and if not why not. I note that it has just paid a worthwhile dividend.

Featured podcasts Subscribe to podcasts

Weekly video update Subscribe to videos

Pulse Check Webinar: Iran, Oil & Markets - Are investors misjudging the risks? 18/03/2026

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Latest View Points

PDN

NHC

WHC

STO

WDS

IEM

A200

VGS

IEU

NIC

SOL

Chart of the week

Singapore Jet Fuel

Aus. Investment blog Subscribe to blog

Why did Nickel Industries (ASX: NIC) tumble 8.5% today?

Nickel Industries (NIC) falls more than 8% after a fatality at its Hengjaya mine in Indonesia led to suspension of operations.

ASX:NIC 25/03/2026

Why is Sandfire up +7% today?

After correcting well over 30% from its 2026 high Sandfire (SFR) is coming back to life, MM asks is it time to buy?

ASX: SFR 25/03/2026

Morning Report

What Matters Today: Revisiting the energy sector as the War enters its fifth week

Morning report 31/03/2026

Afternoon Report

The Match Out: ASX down, though buyers step up into Monday’s weakness (again)

Afternoon report 30/03/2026

Ask James ASK A QUESTION

Ask James

Question asked 28/03/2026

Xero Ltd (XRO)

Ask James

Question asked 28/03/2026

Aurizon Holdings Ltd (AZJ)

I'm interested to hear if you are considering Aurizon for the Income portfolio and if not why not. I note that it has just paid a worthwhile dividend.

Latest View Points

PDN

NHC

WHC

STO

WDS

IEM

A200

VGS

IEU

NIC

SOL