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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

0.58%

ABG.AX

0.27%

AIS.AX

7.53%

AGL.AX

0.36%

A1M.AX

4.17%

AIZ.AX

2.14%

AAI.AX

-0.19%

ALK.AX

3.42%

A4N.AX

ALQ.AX

1.36%

AMC.AX

-1.05%

AOV.AX

3.19%

AMP.AX

0.24%

ALD.AX

2.26%

ANN.AX

-0.22%

ANZ.AX

-0.03%

APA.AX

-0.05%

ARU.AX

-1.22%

ARB.AX

0.68%

ARF.AX

-1.39%

ARG.AX

0.11%

ALL.AX

-0.54%

AYA.AX

3.58%

APZ.AX

-0.61%

ASX.AX

-0.64%

ALX.AX

0.1%

AUB.AX

0.12%

AIA.AX

-0.14%

AXQ.AX

-5.95%

AMI.AX

1.52%

AZJ.AX

1.06%

ABB.AX

1.39%

ASB.AX

5.68%

AAC.AX

-0.36%

AEF.AX

-0.88%

AFI.AX

0.29%

AUI.AX

0.99%

BOQ.AX

-0.71%

BMN.AX

6.15%

BCI.AX

6.1%

BPT.AX

0.86%

BGA.AX

-0.9%

BGL.AX

5.78%

BEN.AX

0.38%

BNZ.AX

2.51%

BHP.AX

2.68%

BKI.AX

0.84%

BC8.AX

1.92%

XYZ.AX

-0.01%

BSL.AX

1.08%

BOE.AX

2.94%

BXB.AX

-1.63%

BVS.AX

-0.8%

BRE.AX

7.9%

BRG.AX

-0.95%

BFL.AX

0.12%

BWP.AX

-0.52%

CMM.AX

4.56%

CSC.AX

4.73%

CAR.AX

-2.28%

CIN.AX

CYL.AX

5.07%

CAT.AX

-1.1%

CWP.AX

-1.28%

CNI.AX

-1.64%

CIP.AX

-1.18%

COF.AX

-2.25%

CGF.AX

0.05%

CIA.AX

1.03%

CHC.AX

-1.14%

CLW.AX

-0.68%

CQR.AX

-0.9%

CQE.AX

-1.15%

CNU.AX

-0.99%

C79.AX

5.14%

CVL.AX

-0.58%

CU6.AX

3.14%

CWY.AX

0.22%

CBO.AX

-1.05%

COH.AX

-4.15%

CDA.AX

0.79%

COL.AX

0.04%

CKF.AX

-0.83%

CBA.AX

-0.29%

CPU.AX

0.14%

CEN.AX

-0.92%

CXO.AX

3.13%

CCP.AX

1.29%

CMW.AX

-1.74%

CSL.AX

-2.71%

CCL.AX

2.31%

DBI.AX

0.36%

DTL.AX

1.89%

DTR.AX

1.85%

DYL.AX

3.24%

DRR.AX

0.24%

DVP.AX

2.65%

DXS.AX

-2.08%

DXI.AX

-1.81%

DDR.AX

0.24%

DGT.AX

-0.57%

DJW.AX

-0.68%

DMP.AX

-0.53%

DOW.AX

0.76%

DPM.AX

5.85%

DRO.AX

0.46%

DUR.AX

-0.43%

DNL.AX

-0.13%

APE.AX

1.04%

EBO.AX

-0.49%

EIQ.AX

-2.5%

ELD.AX

-1.35%

EOS.AX

0.28%

ELV.AX

3.1%

ELS.AX

-6.21%

EHL.AX

-1.02%

EMR.AX

3.25%

EDV.AX

1.93%

EQR.AX

-5.36%

EUR.AX

8.33%

EVN.AX

4.96%

EVT.AX

FDC.AX

1.32%

FCL.AX

3.78%

FFM.AX

7.96%

FPH.AX

0.67%

FPR.AX

-0.7%

FBU.AX

0.95%

FLT.AX

0.94%

FML.AX

7.71%

FRS.AX

1.3%

FMG.AX

1.11%

FRW.AX

-1.63%

FGX.AX

-0.37%

FGG.AX

0.6%

GLF.AX

0.92%

GDG.AX

-0.74%

GNE.AX

-0.69%

GMD.AX

6.08%

GNP.AX

0.16%

GMG.AX

-1.05%

GPT.AX

-0.91%

GQG.AX

GNG.AX

0.77%

GNC.AX

-0.19%

GGP.AX

2.29%

GOZ.AX

-1.38%

GCI.AX

0.24%

GYG.AX

-0.23%

GWA.AX

-0.85%

HSN.AX

-0.84%

HVN.AX

-1.66%

HGH.AX

HM1.AX

1.02%

HLI.AX

-0.79%

HMC.AX

1.23%

HDN.AX

-0.6%

HUB.AX

6.18%

IEL.AX

-0.46%

IGO.AX

3.15%

ILU.AX

1.4%

IMD.AX

3.49%

IMR.AX

-5.49%

IFT.AX

1.47%

INA.AX

-0.23%

ING.AX

IAG.AX

-0.18%

IDX.AX

-0.48%

IPG.AX

0.62%

IPX.AX

7.74%

IPH.AX

-1.34%

IRE.AX

-2.37%

JHX.AX

-2.38%

JBH.AX

-1.31%

JDO.AX

-0.82%

JMS.AX

KAR.AX

4.18%

KLS.AX

0.47%

KCN.AX

5.79%

KKC.AX

0.95%

GLS.AX

1.49%

LGF.AX

-4.5%

L1G.AX

1.62%

LSF.AX

2.11%

LRV.AX

7.94%

LFS.AX

0.57%

LLC.AX

-2.4%

LFG.AX

-1.79%

360.AX

-0.71%

LIC.AX

-0.19%

LNW.AX

0.33%

LIN.AX

1.04%

LTR.AX

2.27%

LOV.AX

0.54%

LYL.AX

-1.73%

LYC.AX

-3.67%

MA1.AX

0.25%

MAF.AX

-0.33%

MGH.AX

2.19%

MAH.AX

0.52%

MQG.AX

0.11%

MAQ.AX

2.78%

MAD.AX

2.41%

MFG.AX

0.88%

MMS.AX

-1.2%

MPL.AX

-0.49%

MP1.AX

2.43%

MCY.AX

2.94%

MEZ.AX

-1.58%

MSB.AX

0.43%

MLX.AX

5.21%

MTS.AX

-0.34%

MEI.AX

7.81%

MOT.AX

0.31%

MXT.AX

MFF.AX

-0.96%

MIN.AX

2.6%

MI6.AX

0.4%

MIR.AX

-0.37%

MGR.AX

-0.72%

MND.AX

-2.44%

MYS.AX

-0.21%

NAN.AX

-0.98%

NAB.AX

-0.03%

NGI.AX

-1.88%

NWL.AX

1.59%

NEU.AX

2.33%

NHC.AX

2.24%

NEM.AX

3.38%

NWS.AX

-2.51%

NXG.AX

4.58%

NXT.AX

-0.28%

NHF.AX

0.34%

NCK.AX

0.23%

NIC.AX

0.57%

NEC.AX

-1.79%

NST.AX

3.56%

NWH.AX

1.29%

NUF.AX

0.18%

OCL.AX

-3.06%

OML.AX

-0.32%

OPH.AX

-1.58%

OBM.AX

6.8%

ORI.AX

-0.77%

ORG.AX

-2.17%

ORA.AX

2.45%

PDN.AX

6.31%

PNR.AX

3.47%

PPC.AX

-1.43%

PPM.AX

0.94%

PRN.AX

1.64%

PPT.AX

0.88%

PCI.AX

-0.45%

PRU.AX

3.65%

PXA.AX

-2.39%

PNI.AX

-0.71%

PL8.AX

PLS.AX

0.73%

PGF.AX

-0.6%

PNV.AX

-0.53%

PDI.AX

2.65%

PMV.AX

-1.82%

PME.AX

-3.73%

PWH.AX

3.14%

PYC.AX

-0.92%

QAN.AX

0.49%

QBE.AX

-2.48%

QAL.AX

-1.87%

QRI.AX

-0.96%

RMS.AX

2.81%

RHC.AX

-2.43%

REA.AX

-2.71%

RDX.AX

-0.79%

REH.AX

-1.75%

RF1.AX

0.28%

RPL.AX

-2.25%

RG1.AX

2.01%

RGN.AX

-0.64%

REG.AX

-1.78%

RRL.AX

5.85%

RWC.AX

-2.17%

RMD.AX

-0.21%

RSG.AX

3.99%

SGLLV.AX

-2.96%

RIC.AX

0.54%

RIO.AX

2.28%

RXL.AX

-1.3%

RFF.AX

-0.91%

RYM.AX

-1.35%

SFR.AX

3.8%

STO.AX

1.09%

SCG.AX

-0.76%

SEK.AX

-2.34%

SHV.AX

2.93%

SRV.AX

-0.16%

SSM.AX

-2.32%

SGH.AX

-0.2%

SHA.AX

-1.06%

SIG.AX

-1.38%

SLX.AX

5.71%

SGM.AX

3.77%

SDR.AX

-3.82%

SKS.AX

3.74%

SKC.AX

10.2%

SIQ.AX

-1.25%

SHL.AX

-1.28%

S32.AX

4.02%

SX2.AX

4.18%

SXE.AX

1.41%

SPK.AX

0.65%

SRG.AX

-1.54%

SBM.AX

1.11%

SMR.AX

0.37%

SDF.AX

-0.1%

SGP.AX

-1.09%

SKG.AX

-1.91%

SNZ.AX

SUN.AX

SRL.AX

-3.89%

SUL.AX

-2.06%

SLC.AX

1.09%

SNL.AX

0.32%

SYL.AX

-0.54%

TAH.AX

0.84%

TEA.AX

-0.64%

TNE.AX

-2.32%

TLX.AX

-2.51%

TLS.AX

-0.6%

TPW.AX

-0.3%

A2M.AX

0.71%

TLC.AX

-0.27%

SGR.AX

TVN.AX

7.27%

THL.AX

-1.25%

TWR.AX

3.96%

TPG.AX

TCL.AX

-0.38%

TWE.AX

1.08%

TUA.AX

-1.35%

TCG.AX

9.35%

UNI.AX

-2.46%

VAU.AX

5.19%

VNT.AX

-2.52%

VCX.AX

-1.13%

VGN.AX

-3.71%

VEA.AX

1.83%

VUL.AX

2.1%

VSL.AX

0.77%

VYS.AX

2.04%

WA1.AX

2.96%

WGN.AX

0.62%

WAM.AX

0.32%

WGB.AX

1.37%

WLE.AX

SOL.AX

-1%

WPR.AX

-0.41%

WQG.AX

WEB.AX

3.81%

WBT.AX

-5.63%

WES.AX

-0.96%

WAF.AX

1.92%

WGX.AX

5.03%

WBC.AX

-0.1%

WHF.AX

0.42%

WHC.AX

1.13%

WIA.AX

3.53%

WC8.AX

-1.35%

WTC.AX

-1.15%

WDS.AX

0.99%

WOW.AX

-1.23%

WOR.AX

0.19%

XRO.AX

-2.54%

YAL.AX

3.61%

ZIM.AX

3.37%

ZIP.AX

0.54%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	147.06	0.52	0.35
SSO ASX Small Caps	14.27	0.11	0.78
IVV S&P 500	71.26	0.27	0.38
NDQ Nasdaq	60.30	0.3	0.5
F100 FTSE 100	15.07	0.12	0.8
ASIA Asia Tech	20.33	0.18	0.89
IEU Europe	97.75	0.75	0.77
IEM Emerging Markets	94.08	0.67	0.72
Gold Gold	53.94	0.89	1.68
ACDC Battery Tech	128.00	3.02	2.42

COMMODITIES	Close($)	-/+	%
Gold	4,126.44	50.1475	1.23
Silver	59.66	0.8709	1.48
Platinum	1,662.47	33.47	2.05
Palladium	1,309.75	27.75	2.16
Ice Brent Crude	91.64	2.42	2.71
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6997	0	0
Euro	1.1406	0.0012	0.11
British Pound	1.3382	0.0011	0.08
Canadian Dollar	1.4104	-0.0003	-0.02
New Zealand Dollar	0.5825	0.0003	0.05
Chinese Yuan	6.7733	0.0077	0.11
Japanese Yen	163.1700	0.01	0.01

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.69	4.17%	112.90%	0.30 0.85
BGL	Bellevue Gold Ltd	1.33	5.78%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	59.86	2.69%	44.07%	39.18 65.98
FMG	Fortescue Ltd	18.73	1.13%	7.36%	17.68 23.38
NHC	New Hope Corporation Ltd	5.48	2.24%	28.85%	3.77 6.17
WHC	Whitehaven Coal Ltd	7.61	1.06%	17.29%	5.94 9.90
NEM	Newmont Cdi	135.56	3.39%	0.00%	91.60 190.91
NXG	Nexgen Ene Cdi	13.13	4.58%	0.00%	9.98 20.47
SFR	Sandfire Resources Ltd	19.00	3.85%	64.48%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
SKC	Skycity Entertai	0.54	10.2
TCG	Turaco Gold	0.59	9.35
EUR	European Lithium	0.29	8.33
FFM	Firefly Metals	1.80	7.96
LRV	Larvotto Resourc	1.16	7.94
BRE	Brazilian Rare	3.76	7.9
MEI	Meteoric Resourc	0.17	7.81
IPX	Iperionx	3.48	7.74
FML	Focus Minerals L	1.89	7.71
AIS	Aeris Resources	0.39	7.53

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ELS	Elsight	6.73	-6.21
AXQ	Aura Consolidate	3.95	-5.95
WBT	Weebit Nano	5.20	-5.63
IMR	Imricor Medical	1.64	-5.49
EQR	Eq Resources	0.27	-5.36
LGF	L1 Gold Fund	1.91	-4.5
COH	Cochlear	113.10	-4.15
SRL	Sunrise Energy	14.82	-3.89
SDR	Siteminder	3.27	-3.82
PME	Pro Medicus	173.32	-3.73

OPINION

Latest Market Matters Opinions

22/07/2026 09:24

First Up

The ASX 200 again managed to reverse early losses on Tuesday to edge higher, with the local index continuing to display resilience into dips. The materials and tech sectors returned to the winners' enclosure, with the former adding 29-points on a day when the index closed up only 2-points. The banks were again the main drag on the market with the “Big Four” retreating almost 1%, offsetting much of the good work of BHP (+1.3%), South32 (+6.6%), and the gold stocks, many of whom closed more than +4% higher. Conversely, the lithium names which we discussed yesterday continued to decline: Liontown (-5.1%), Mineral Resources (-3.5%), and PLS Group (-1.7%).

22/07/2026 09:22

US NASDAQ 100 Index

US stocks rose on Tuesday, led by semiconductor stocks, as investors looked through the latest developments in the Iran conflict and shifted their focus to a solid start to the US earnings season. Industrial giant 3M jumped more than 7% after delivering a stronger-than-expected second-quarter result, while General Motors gained nearly 5% after beating earnings and revenue forecasts. The reporting season has begun strongly, with almost 88% of the 66 S&P 500 companies that have reported so far beating earnings expectations. Attention now turns to results from Alphabet, IBM and Tesla later this week.

ACTION

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Market Matters Content

Portfolio Positioning: The Chipmakers put a spring back into Global Equities

Morning report 22/07/2026

Afternoon Report

The Match Out: ASX remains anchored to 8800

Afternoon report 21/07/2026

Ask James ASK A QUESTION

Ask James

Question asked 17/07/2026

Current view on Worley (ASX: WOR), Whitehaven (ASX: WHC), Sandfire (ASX: SFR) and Mirvac (ASX: MGR)

Hi guys, would love to know your current view on a few positions in the growth portfolio - how you feel about how the buying thesis is playing out, your current levels of 'comfort' in these positions, I note they are all marked active, so would MM be buyers at these levels if you weren't in them already. Has anything changed? More conviction about some of theses? The positions are: WOR, WHC, SFR and MGR. Thanks so much for your analysis.

Ask James

Question asked 17/07/2026

Lithium and Junior’s

Hi M&M, Your Stock Broking Skills made me a good sum of cash on LTR, Thank you. I am wondering, is it a good time to accumulate lithium stocks? Is it a good time to buy some of the junior lithium stocks, on a short- or long-term basis, because the price of lithium has fallen. You spoke about Patriot Battery Metals Inc. (PMT) a while back stating, “If the Li price does turn the company could be on a majors shopping list”. PMT is actively developing its Corvette project in Quebec, one of the largest spodumene lithium deposits globally. If not this junior, what other juniors would you consider. Thank you.

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