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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

4DX.AX

-5.79%

ABG.AX

-1.29%

ASK.AX

-1.31%

AX1.AX

-1.67%

AIS.AX

AGL.AX

0.76%

AIZ.AX

AAI.AX

3.84%

ALK.AX

0.6%

A4N.AX

ALQ.AX

2.88%

AMC.AX

1.24%

AOV.AX

0.12%

AMP.AX

-1.79%

AEL.AX

2.2%

ALD.AX

1.18%

ANN.AX

1.7%

ANZ.AX

2.14%

APA.AX

-2.38%

ARU.AX

-8.33%

ARB.AX

-0.28%

ARF.AX

-1.14%

ARG.AX

0.33%

ALL.AX

-0.65%

AYA.AX

APZ.AX

2.04%

ASX.AX

0.24%

ALX.AX

0.43%

AUB.AX

-0.39%

AIA.AX

1.1%

AMI.AX

1.69%

AZJ.AX

2.01%

AUC.AX

2.96%

ABB.AX

1.35%

ASB.AX

2.23%

AAC.AX

-1.11%

AEF.AX

-0.22%

AFG.AX

-9.33%

AFI.AX

0.87%

AUI.AX

-0.09%

ASG.AX

3.75%

BOQ.AX

0.57%

BMN.AX

6.92%

BAP.AX

BCI.AX

1.28%

BPT.AX

2.73%

BLX.AX

-1.57%

BGA.AX

2.31%

BGL.AX

0.57%

BEN.AX

0.62%

BNZ.AX

0.34%

BHP.AX

1.8%

BKI.AX

0.29%

BC8.AX

-3.69%

XYZ.AX

5.35%

BSL.AX

0.73%

BOE.AX

1.82%

BXB.AX

3.74%

BVS.AX

-4.41%

BRE.AX

-1.66%

BRG.AX

0.03%

BGP.AX

BFL.AX

0.24%

BWP.AX

0.26%

CMM.AX

1.34%

CSC.AX

5.06%

CAR.AX

-1.42%

CIN.AX

0.33%

CYL.AX

4.99%

CAT.AX

-0.82%

CWP.AX

1.12%

CNI.AX

-0.49%

CIP.AX

-0.31%

COF.AX

CHN.AX

2.72%

CGF.AX

2.25%

CIA.AX

-0.39%

CHC.AX

-4.62%

CLW.AX

CQR.AX

-0.5%

CQE.AX

-0.34%

CNU.AX

2.8%

C79.AX

1.26%

CVL.AX

0.62%

CU6.AX

2.06%

CWY.AX

0.83%

CUV.AX

6.26%

CBO.AX

-0.93%

COH.AX

1.05%

CDA.AX

-0.26%

COL.AX

-1.26%

CKF.AX

2.06%

CBA.AX

0.74%

CPU.AX

0.87%

CEN.AX

2.71%

CXO.AX

-2.38%

CRN.AX

4.84%

CCP.AX

1.44%

CMW.AX

-2.2%

CSL.AX

0.95%

CCL.AX

0.25%

DBI.AX

0.79%

DTL.AX

0.65%

DTR.AX

-5%

DYL.AX

6.67%

DRR.AX

0.46%

DVP.AX

-0.21%

DXS.AX

-1.48%

DXI.AX

-2.34%

DDR.AX

-0.1%

DGT.AX

2.7%

DUI.AX

0.19%

DJW.AX

DMP.AX

1.2%

DOW.AX

1.03%

DPM.AX

2.94%

DRO.AX

-3.66%

DUR.AX

2.68%

DNL.AX

APE.AX

2.85%

EBO.AX

3.5%

ELD.AX

0.84%

EOS.AX

-0.14%

ELV.AX

-1.02%

ELS.AX

3.3%

EHL.AX

-8.62%

EMR.AX

1.42%

EDV.AX

0.52%

ERA.AX

EQR.AX

4.26%

EQT.AX

-1.31%

EVN.AX

2.4%

EVT.AX

0.15%

FCL.AX

4.17%

FFM.AX

2.11%

FPH.AX

2.22%

FPR.AX

1.49%

FBU.AX

2.33%

FLT.AX

2.02%

FML.AX

-3.34%

FRS.AX

10.71%

FMG.AX

0.54%

FRW.AX

0.24%

FGX.AX

1.43%

FGG.AX

1.58%

GLF.AX

2.99%

GDG.AX

4.08%

GNE.AX

-1.93%

GMD.AX

1.87%

GTK.AX

0.31%

GNP.AX

3.45%

GMG.AX

-3.96%

GPT.AX

-2.17%

GQG.AX

1.18%

GNG.AX

1.95%

GNC.AX

-0.68%

GGP.AX

4.07%

GOZ.AX

-1.32%

GCI.AX

0.48%

GYG.AX

0.74%

GWA.AX

2.77%

HSN.AX

2.93%

HVN.AX

HLS.AX

-3.29%

HGH.AX

1.42%

HM1.AX

0.33%

HLI.AX

-0.52%

HMC.AX

-0.63%

HDN.AX

-1.14%

HUB.AX

14.16%

IEL.AX

2.39%

IGO.AX

-4.82%

ILU.AX

1.26%

IMD.AX

1.55%

IMM.AX

2.6%

IMR.AX

-1.36%

IFT.AX

0.85%

INA.AX

-1.3%

ING.AX

IFL.AX

0.65%

IAG.AX

2.05%

IDX.AX

IPX.AX

2.57%

IPH.AX

12.72%

IRE.AX

-0.28%

JHX.AX

0.39%

JBH.AX

-2.13%

JDO.AX

0.55%

JIN.AX

2.48%

JMS.AX

-1.67%

KAR.AX

9.77%

KLS.AX

KCN.AX

-0.34%

KKC.AX

-0.44%

GLS.AX

-0.5%

L1G.AX

1.67%

LSF.AX

-0.24%

LRV.AX

-3.11%

LFS.AX

-1.69%

LLC.AX

0.22%

LFG.AX

1.05%

360.AX

2.15%

LIC.AX

-7.14%

LNW.AX

-0.17%

LIN.AX

-1.16%

LTR.AX

-4.16%

LOT.AX

4.3%

LOV.AX

-12.8%

LYL.AX

1.56%

LYC.AX

0.64%

MA1.AX

0.5%

MAF.AX

-9.86%

MGH.AX

-0.47%

MAH.AX

1.32%

MQG.AX

1.55%

MAQ.AX

4.16%

MAD.AX

0.71%

MFG.AX

2.96%

MAU.AX

-0.25%

MMS.AX

0.35%

MPL.AX

-5.64%

MEK.AX

4.65%

MP1.AX

-2.15%

MCY.AX

1.72%

MEZ.AX

0.42%

MSB.AX

-0.82%

MTM.AX

-6.47%

MLX.AX

1.59%

MTS.AX

MEI.AX

-2.56%

MOT.AX

MXT.AX

MFF.AX

0.64%

MGX.AX

1.12%

MIN.AX

0.63%

MI6.AX

-1.18%

MIR.AX

-0.34%

MGR.AX

-1.96%

MND.AX

3.22%

MYR.AX

2.67%

MYS.AX

2.8%

NAN.AX

4.72%

NAB.AX

2.42%

NSR.AX

0.36%

NGI.AX

2.32%

NWL.AX

6.04%

NEU.AX

0.54%

NHC.AX

2.15%

NMG.AX

3.39%

NEM.AX

1.38%

NWS.AX

-0.16%

NXG.AX

3.12%

NXT.AX

0.65%

NHF.AX

-2.09%

NCK.AX

-0.1%

NIC.AX

1.97%

NEC.AX

-0.46%

NST.AX

1.21%

NWH.AX

8.7%

NUF.AX

OCL.AX

-1.92%

OML.AX

-0.95%

OPH.AX

-1.71%

OBM.AX

-2.76%

ORI.AX

-2.57%

ORG.AX

1.76%

ORA.AX

2.68%

PDN.AX

5.5%

PNR.AX

0.41%

PPC.AX

7.77%

PPM.AX

3.46%

PRN.AX

2.21%

PPT.AX

0.97%

PCI.AX

-0.45%

PRU.AX

2.54%

PXA.AX

2.57%

PNI.AX

1.14%

PL8.AX

1.4%

PLS.AX

-0.9%

PGF.AX

0.31%

PNV.AX

3.08%

PDI.AX

2.2%

PMV.AX

0.5%

PME.AX

5.01%

PFP.AX

1.01%

PWH.AX

-0.23%

PYC.AX

-0.67%

QAN.AX

0.75%

QBE.AX

1.72%

QAL.AX

-2.11%

QRI.AX

-0.63%

QUB.AX

0.2%

RMS.AX

2.5%

RHC.AX

1.54%

REA.AX

-0.43%

RDX.AX

9.02%

REH.AX

0.73%

RF1.AX

-0.56%

RPL.AX

0.32%

RG1.AX

RGN.AX

-1.3%

REG.AX

-0.77%

RRL.AX

0.48%

RWC.AX

0.3%

RMD.AX

1.53%

RSG.AX

-0.7%

SGLLV.AX

-0.36%

RIC.AX

1.6%

RIO.AX

2.03%

RXR.AX

3.16%

RXL.AX

1.02%

RFF.AX

0.49%

RYM.AX

0.47%

SFR.AX

0.11%

SMI.AX

1.14%

STO.AX

5.58%

SCG.AX

-1.04%

SEK.AX

2.17%

SHV.AX

SRV.AX

-2.53%

SSM.AX

0.45%

SGH.AX

0.61%

SHA.AX

3.41%

SIG.AX

-0.33%

SLX.AX

3.46%

SGM.AX

0.42%

SDR.AX

-0.26%

SKS.AX

14.82%

SKC.AX

-5.33%

SPZ.AX

-0.38%

SIQ.AX

1.41%

SHL.AX

9.89%

S32.AX

0.46%

SX2.AX

-1.06%

SXE.AX

5.18%

SPK.AX

2.23%

SRG.AX

SBM.AX

0.67%

SMR.AX

3.82%

SDF.AX

-0.23%

SGP.AX

-2.9%

STK.AX

-2.13%

SNZ.AX

0.34%

SUN.AX

-0.2%

SRL.AX

-7.33%

SUL.AX

-0.61%

SLC.AX

-0.35%

SNL.AX

1.3%

SYL.AX

2.25%

TAH.AX

2.23%

TEA.AX

2.94%

TNE.AX

5.06%

TLX.AX

2.82%

TLS.AX

3.63%

TPW.AX

1.88%

A2M.AX

-0.62%

TLC.AX

1.09%

SGR.AX

-4%

TVN.AX

-5.32%

TWR.AX

1.62%

TPG.AX

1.55%

TCL.AX

-2.18%

TWE.AX

TUA.AX

TCG.AX

2.27%

TYR.AX

USL.AX

-0.61%

UNI.AX

6.2%

VAU.AX

1.12%

VNT.AX

3.97%

VCX.AX

0.78%

VGN.AX

VEA.AX

1.42%

VUL.AX

0.53%

VSL.AX

1.33%

WA1.AX

-0.31%

WGN.AX

-1.55%

WAM.AX

-0.56%

WGB.AX

1.29%

WLE.AX

SOL.AX

0.05%

WPR.AX

-1.97%

WEB.AX

2.54%

WBT.AX

1.81%

WES.AX

-5.62%

WAF.AX

-0.28%

WGX.AX

1.14%

WBC.AX

2.67%

WHF.AX

WHC.AX

-4.86%

WIA.AX

3.53%

WC8.AX

3.53%

WTC.AX

1.89%

WDS.AX

4.47%

WOW.AX

0.06%

WOR.AX

2.22%

XRO.AX

0.84%

YAL.AX

ZIM.AX

2.99%

ZIP.AX

-34.4%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	151.61	1.37	0.91
SSO ASX Small Caps	16.82	0.17	1.02
IVV S&P 500	64.99	0.4	0.62
NDQ Nasdaq	52.03	0.43	0.83
F100 FTSE 100	15.34	0.2	1.32
ASIA Asia Tech	15.90	0.15	0.95
IEU Europe	103.07	0.86	0.84
IEM Emerging Markets	87.86	0.68	0.78
Gold Gold	64.87	1.01	1.58
ACDC Battery Tech	147.44	1.53	1.05

COMMODITIES	Close($)	-/+	%
Gold	5,014.07	35	0.7
Silver	79.14	1.9616	2.54
Platinum	2,101.55	30.55	1.48
Palladium	1,726.00	10.3809	0.61
Ice Brent Crude	70.32	2.9	4.3
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7078	0.0037	0.53
Euro	1.1802	0.0022	0.19
British Pound	1.3513	0.0022	0.16
Canadian Dollar	1.3678	-0.0017	-0.12
New Zealand Dollar	0.5987	0.0024	0.4
Chinese Yuan	6.9080	0.007	0.1
Japanese Yen	154.8900	0.11	0.07

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.59	2.63%	42.50%	0.28 0.68
BGL	Bellevue Gold Ltd	1.77	0.57%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	53.23	1.8%	27.63%	33.25 54.20
FMG	Fortescue Ltd	20.31	0.54%	3.22%	13.18 23.38
NHC	New Hope Corporation Ltd	4.75	2.15%	9.41%	3.33 4.88
WHC	Whitehaven Coal Ltd	8.03	-4.86%	58.05%	4.26 9.59
NEM	Newmont Cdi	176.25	1.38%	0.00%	66.39 190.54
NXG	Nexgen Ene Cdi	16.88	3.12%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	18.97	0.11%	74.65%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
SKS	Sks Technologies	4.88	14.82
HUB	Hub24	98.45	14.16
IPH	Iph	3.81	12.72
FRS	Forrestania Res	0.62	10.71
SHL	Sonic Healthcare	23.34	9.89
KAR	Karoon Energy Lt	1.69	9.77
RDX	Redox	2.90	9.02
NWH	Nrw Holdings	6.12	8.7
PPC	Peet	2.08	7.77
BMN	Bannerman Energy	4.17	6.92

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ZIP	Zip Co	1.85	-34.4
LOV	Lovisa Holdings	27.04	-12.8
MAF	Ma Financial	10.15	-9.86
AFG	Australian Finan	2.04	-9.33
EHL	Emeco Holdings	1.33	-8.62
ARU	Arafura Rare Ear	0.22	-8.33
SRL	Sunrise Energy	10.49	-7.33
LIC	Lifestyle Commun	5.33	-7.14
MTM	Metallium	0.80	-6.47
4DX	4dmedical	3.74	-5.79

OPINION

Latest Market Matters Opinions

19/02/2026 17:20

NRW Holdings (NWH) $6.12

NWH +8.7%: A clear beat and an upgrade — margins improved, earnings accelerated, and guidance lifted meaningfully, pushing the stock to a record high.

19/02/2026 17:19

Wesfarmers (WES) $84.24

WES –5.62: delivered a broadly solid group print, but the market focused on softer-than-hoped results from Bunnings and Kmart relative to expectations.

ACTION

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What Matters Today: Delving into this month’s Bank of America Fund Managers Survey

Morning report 19/02/2026

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Afternoon report 19/02/2026

Ask James ASK A QUESTION

Ask James

Question asked 14/02/2026

CSL Ltd (CSL)

Lots of commentary naturally on CSL after their half yearly release. My question is focused on how MM views the Board and senior mgmt capabilities given that after only a few years of acquiring Vifor (a massive acquisition price play) because - surprise surprise many of Vifor patents expired and gosh - competitors were able to release competitive products quickly. How in heck could CSL Board not be aware of either patents expiring AND the capabilities of their competitors? So - if Mgmt is seemingly this incompetent with shareholders money should not MM cut and run with existing investment? Apologies for being so negative (I am not a shareholder) David

Ask James

Question asked 14/02/2026

Spark New Zealand Ltd (SPK)

Hi James and Team Spark share price has been falling for some time facing competition, changes in management and strategically changing the business by selling off a large share of their Data Centre to reduce debt, although paying a high yield. I would appreciate your views please and outlook. Thank you for your excellent market summaries

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