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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

-4.04%

4DX.AX

-7.58%

ABG.AX

0.43%

ASK.AX

AX1.AX

0.54%

AIS.AX

-8.89%

AGL.AX

0.89%

A1M.AX

-1.55%

AIZ.AX

AAI.AX

-3.95%

ALK.AX

-2.1%

A4N.AX

-13.61%

ALQ.AX

1.94%

AMC.AX

-0.68%

AOV.AX

-0.47%

AMP.AX

3.04%

AEL.AX

1.29%

ALD.AX

0.73%

ANN.AX

-2.22%

AZY.AX

-7.27%

ANZ.AX

0.71%

APA.AX

-0.67%

ARU.AX

-8%

ARB.AX

0.35%

ARF.AX

1.14%

ARG.AX

-0.22%

ALL.AX

-1.6%

AYA.AX

-5.61%

APZ.AX

1.16%

ASX.AX

-0.33%

ALX.AX

1.22%

AUB.AX

-0.3%

AIA.AX

1.42%

AMI.AX

-10.14%

AZJ.AX

-0.27%

AUC.AX

-10.24%

ABB.AX

-1.74%

ASB.AX

-4.51%

AAC.AX

-1.45%

ACL.AX

1.49%

AEF.AX

-0.22%

AFG.AX

0.98%

AFI.AX

-0.14%

AUI.AX

1.77%

ASG.AX

-1.29%

BOQ.AX

0.15%

BMN.AX

-1.06%

BAP.AX

-2.28%

BCI.AX

-6.74%

BPT.AX

1.23%

BLX.AX

-2.72%

BGA.AX

BGL.AX

-5.28%

BEN.AX

-0.72%

BNZ.AX

-6.37%

BHP.AX

-1.82%

BKI.AX

0.29%

BC8.AX

-10.26%

XYZ.AX

-3.99%

BSL.AX

-1.34%

BMC.AX

-2.74%

BOE.AX

-4.88%

BXB.AX

0.4%

BVS.AX

-2.39%

BRE.AX

-4.04%

BRG.AX

1.61%

BGP.AX

-0.36%

BFL.AX

1.04%

BWP.AX

CMM.AX

-7.85%

CSC.AX

-5.64%

CAR.AX

-4.6%

CIN.AX

0.03%

CYL.AX

-8%

CAT.AX

0.86%

CWP.AX

-1.46%

CNI.AX

2.38%

CIP.AX

0.31%

COF.AX

CHN.AX

-4.27%

CGF.AX

CIA.AX

-3.13%

CHC.AX

-0.22%

CLW.AX

0.26%

CQR.AX

1.55%

CQE.AX

-0.68%

CNU.AX

0.49%

C79.AX

-0.38%

CVL.AX

-0.91%

CU6.AX

-4.06%

CWY.AX

-0.8%

CUV.AX

-2.22%

CBO.AX

-2.35%

COH.AX

1.99%

CDA.AX

-3.92%

COL.AX

1.09%

CKF.AX

-0.84%

CBA.AX

0.47%

CPU.AX

-1.42%

CEN.AX

-3.06%

CXO.AX

-7.84%

CRN.AX

-4.71%

CCP.AX

-0.77%

CMW.AX

-2.38%

CSL.AX

1.13%

CCL.AX

-0.7%

DBI.AX

0.83%

DTL.AX

0.1%

DTR.AX

4.29%

DYL.AX

-2.41%

DRR.AX

-3.86%

DVP.AX

-5.39%

DXS.AX

-0.3%

DXI.AX

DDR.AX

0.4%

DGT.AX

-1.15%

DUI.AX

4.92%

DJW.AX

-3.54%

DMP.AX

-3.22%

DOW.AX

2.16%

DPM.AX

-3.66%

DRO.AX

-7.52%

DUR.AX

-2.71%

DNL.AX

-1.4%

APE.AX

-4.18%

EBO.AX

1.84%

ELD.AX

1.38%

EOS.AX

-4.09%

ELV.AX

-10.31%

ELS.AX

-13.62%

EHL.AX

0.38%

EMR.AX

-6.88%

EDV.AX

-1.07%

EOL.AX

1.65%

ERA.AX

33.33%

EQR.AX

-5.13%

EQT.AX

0.7%

EVN.AX

-6.42%

EVT.AX

1.7%

FCL.AX

-3.04%

FFM.AX

-7.89%

FPH.AX

1.23%

FPR.AX

-0.69%

FBU.AX

0.93%

FLT.AX

3.71%

FML.AX

-9.48%

FMG.AX

-2.73%

FRW.AX

0.16%

FGX.AX

0.37%

FGG.AX

0.66%

GEM.AX

-0.74%

GLF.AX

-0.59%

GDG.AX

-2.36%

GNE.AX

2.42%

GMD.AX

-9.86%

GTK.AX

-2.54%

GNP.AX

-2.1%

GMG.AX

-0.1%

GPT.AX

1.15%

GQG.AX

-2.18%

GNG.AX

-1.14%

GNC.AX

-0.41%

GGP.AX

-4.22%

GOZ.AX

GCI.AX

GYG.AX

-1.11%

GWA.AX

-0.74%

HSN.AX

-2.17%

HVN.AX

0.93%

HLS.AX

HGH.AX

-0.48%

HM1.AX

HLI.AX

1.04%

HMC.AX

-0.47%

HDN.AX

0.39%

HUB.AX

0.38%

IEL.AX

5.87%

IGO.AX

-2.92%

ILU.AX

-3.42%

IMD.AX

-2.57%

IMM.AX

-8.14%

IMR.AX

-3.41%

IFT.AX

1.49%

INA.AX

-1.46%

ING.AX

IFL.AX

0.22%

IAG.AX

0.13%

IDX.AX

-0.38%

IPX.AX

-4.17%

IPH.AX

-1.06%

IRE.AX

-0.61%

JHX.AX

-1.78%

JBH.AX

-0.43%

JDO.AX

-0.82%

JIN.AX

-1.35%

JMS.AX

1.85%

KAR.AX

-0.59%

KLS.AX

KCN.AX

-2.69%

KKC.AX

-0.43%

GLS.AX

0.26%

L1G.AX

2.93%

LSF.AX

-2.99%

LRV.AX

-8.77%

LFS.AX

LLC.AX

-2.42%

LFG.AX

2.01%

360.AX

-5.35%

LIC.AX

-1.94%

LNW.AX

0.49%

LIN.AX

-6.59%

LTR.AX

-9.51%

LOT.AX

-2.87%

LOV.AX

0.55%

LYL.AX

0.13%

LYC.AX

-4.49%

MA1.AX

-0.5%

MAF.AX

-2.35%

MGH.AX

-0.36%

MAH.AX

-2.24%

MQG.AX

0.02%

MAQ.AX

1.51%

MAD.AX

2.63%

MFG.AX

-0.57%

MMS.AX

-0.64%

MPL.AX

MEK.AX

-6%

MP1.AX

-3.01%

MCY.AX

0.55%

MEZ.AX

MSB.AX

-1.94%

MTM.AX

-6.11%

MLX.AX

-7.45%

MTS.AX

-0.6%

MEI.AX

-4.35%

MOT.AX

-1.28%

MXT.AX

-1%

MFF.AX

0.21%

MGX.AX

MIN.AX

-6.34%

MI6.AX

-11%

MIR.AX

0.33%

MGR.AX

1.27%

MND.AX

1.73%

MYR.AX

-2.25%

MYS.AX

NAN.AX

-0.26%

NAB.AX

0.72%

NSR.AX

-0.36%

NGI.AX

1.93%

NWL.AX

NEU.AX

-0.95%

NHC.AX

-0.88%

NMG.AX

-8.11%

NEM.AX

-8.06%

NWS.AX

1.06%

NXG.AX

-4.3%

NXT.AX

0.91%

NHF.AX

0.9%

NCK.AX

-2.31%

NIC.AX

-5.67%

NEC.AX

5.05%

NST.AX

-1.87%

NVA.AX

-12.3%

NWH.AX

-4.05%

NUF.AX

-0.84%

NXL.AX

-5.99%

OCL.AX

-2.69%

OCA.AX

-2.7%

OML.AX

-3.86%

OPH.AX

-1.22%

OBM.AX

-11.72%

ORI.AX

-1.49%

ORG.AX

ORA.AX

0.49%

PDN.AX

-2.12%

PNR.AX

-6.78%

PPC.AX

-0.98%

PPM.AX

0.26%

PRN.AX

-5.39%

PPT.AX

-4.63%

PCI.AX

PRU.AX

-7.81%

PXA.AX

0.29%

PNI.AX

-0.18%

PL8.AX

-1.72%

PLS.AX

-6.54%

PGF.AX

0.66%

PNV.AX

-1.93%

PDI.AX

-5.03%

PMV.AX

0.37%

PME.AX

1.34%

PFP.AX

-0.6%

PWH.AX

-0.96%

PYC.AX

-1.23%

QAN.AX

-0.79%

QBE.AX

0.66%

QAL.AX

-2.44%

QRI.AX

0.31%

QUB.AX

-1.24%

RMS.AX

-6.35%

RHC.AX

0.44%

REA.AX

0.4%

RDX.AX

0.64%

REH.AX

-0.13%

RG1.AX

-0.4%

RF1.AX

-0.83%

RPL.AX

-0.32%

RGN.AX

0.43%

REG.AX

1.51%

RRL.AX

-5.4%

RWC.AX

-0.53%

RMD.AX

3.13%

RSG.AX

-6.21%

SGLLV.AX

1.18%

RIC.AX

1.21%

RIO.AX

-3.5%

RXR.AX

-4.24%

RXL.AX

-3.45%

RUL.AX

RFF.AX

-0.49%

RYM.AX

-2.44%

SFR.AX

-6.85%

SMI.AX

-4.8%

STO.AX

2.49%

SCG.AX

0.25%

SEK.AX

-2.69%

SHV.AX

-4.31%

SRV.AX

-1.28%

SSM.AX

2.24%

SGH.AX

-2.66%

SHA.AX

2.77%

SIG.AX

SLX.AX

-9.7%

SVL.AX

-10.71%

SGM.AX

-1.02%

SDR.AX

-2.5%

SKC.AX

-0.62%

SPZ.AX

SIQ.AX

0.48%

SHL.AX

0.97%

S32.AX

-1.28%

SX2.AX

-8.18%

SXE.AX

0.39%

SPK.AX

1.29%

SRG.AX

0.67%

SBM.AX

-4.58%

SMR.AX

-0.66%

SDF.AX

-0.57%

SGP.AX

1.51%

SNZ.AX

2.05%

SUN.AX

1.25%

SRL.AX

-7.84%

SUL.AX

0.27%

SLC.AX

-1.29%

SNL.AX

-2.58%

SYL.AX

0.63%

TAH.AX

-3.8%

TEA.AX

-2.11%

TNE.AX

-2.59%

TLX.AX

-4.78%

TLS.AX

1.46%

TPW.AX

-2.03%

A2M.AX

0.24%

TLC.AX

-0.19%

SGR.AX

-15.63%

TVN.AX

-1.33%

TWR.AX

0.6%

TPG.AX

0.26%

TCL.AX

0.72%

TWE.AX

-0.56%

TUA.AX

-0.28%

TCG.AX

-10%

TYR.AX

1.6%

USL.AX

-8.25%

UNI.AX

1.71%

VAU.AX

-5.92%

VNT.AX

VCX.AX

0.82%

VGN.AX

-1.88%

VEA.AX

-4%

VUL.AX

-3.6%

VSL.AX

-0.57%

WA1.AX

-4.79%

WGN.AX

1.7%

WAM.AX

0.83%

WGB.AX

-0.81%

WLE.AX

SOL.AX

0.49%

WPR.AX

0.41%

WEB.AX

0.43%

WBT.AX

-6.36%

WES.AX

0.29%

WAF.AX

-5.63%

WGX.AX

-5.15%

WBC.AX

0.83%

WHF.AX

0.57%

WHC.AX

-6.66%

WIA.AX

-8.33%

WTC.AX

-2.41%

WDS.AX

0.83%

WOW.AX

1.14%

WOR.AX

1.9%

XRO.AX

-1.21%

YAL.AX

-0.34%

ZIM.AX

-5.37%

ZIP.AX

-3.99%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	147.52	-0.84	-0.57
SSO ASX Small Caps	17.57	-0.3	-1.68
IVV S&P 500	65.94	0.35	0.53
NDQ Nasdaq	54.18	-0.05	-0.09
F100 FTSE 100	14.97	0.09	0.6
ASIA Asia Tech	15.77	-0.09	-0.57
IEU Europe	101.38	0.56	0.56
IEM Emerging Markets	86.84	0.16	0.18
Gold Gold	68.10	-3.8	-5.29
ACDC Battery Tech	146.97	-2.49	-1.67

COMMODITIES	Close($)	-/+	%
Gold	4,864.35	-530.53	-9.83
Silver	84.46	-31.6525	-27.26
Platinum	2,164.00	-465.4436	-17.7
Palladium	1,698.59	-307.3165	-15.32
Ice Brent Crude	70.70	-0.01	-0.01
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6959	-0.0087	-1.23
Euro	1.1845	-0.0123	-1.03
British Pound	1.3688	-0.012	-0.87
Canadian Dollar	1.3613	0.0124	0.92
New Zealand Dollar	0.6018	-0.006	-0.99
Chinese Yuan	6.9510	0.003	0.04
Japanese Yen	154.7500	1.67	1.09

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.64	-1.55%	78.87%	0.28 0.68
BGL	Bellevue Gold Ltd	1.89	-5.28%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	50.57	-1.82%	28.09%	33.25 52.09
FMG	Fortescue Ltd	21.00	-2.73%	9.72%	13.18 23.38
NHC	New Hope Corporation Ltd	4.51	-0.88%	-5.65%	3.33 4.99
WHC	Whitehaven Coal Ltd	8.83	-6.66%	44.75%	4.26 9.59
NEM	Newmont Cdi	173.28	-8.06%	0.00%	65.69 190.54
NXG	Nexgen Ene Cdi	18.68	-4.3%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	19.85	-6.85%	105.91%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
ERA	Energy Resources	0.00	33.33
IEL	Idp Education	6.31	5.87
NEC	Nine Entertainme	1.15	5.05
DUI	Diversified Unit	5.54	4.92
DTR	Dateline Resourc	0.37	4.29
SPZ	Smart Parking	1.30	4
FLT	Flight Centre Tr	16.20	3.71
RMD	Resmed Inc	37.54	3.13
AMP	Amp	1.70	3.04
L1G	L1 Group Fpo	1.23	2.93

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
SGR	The Star Enterta	0.14	-15.63
ELS	Elsight	4.25	-13.62
A4N	Alpha Hpa	0.73	-13.61
NVA	Nova Mineral	1.11	-12.3
OBM	Ora Banda Mining	1.28	-11.72
MI6	Minerals 260	0.45	-11
SVL	Silver Mines	0.25	-10.71
ELV	Elevra Lithium	6.70	-10.31
BC8	Black Cat Syndic	1.40	-10.26
AUC	Ausgold	1.14	-10.24

OPINION

Latest Market Matters Opinions

31/01/2026 09:37

First Up

The ASX 200 ended the short week up just +0.2%, but the volatility over the 4-days was more than many months! The energy and materials sectors were again the top performers, but Friday's savage 100-point reversal dented many of the previous high flyers, while the rate-sensitive consumer discretionary and tech sectors fought over the wooden spoon, again.

30/01/2026 17:21

What Mattered Today

The ASX reversed earlier gains in the final session of the month, dragged lower by an accelerating sell-off in gold and other resource stocks as hot money headed for the exits. The rally in this part of the market has been impressive, however when stocks and commodities start to go parabolic, aggressive, short, sharp pullbacks become more likely, and we’ve certainly seen that play out today. Using BHP as the proxy for the sector, the stock hit a new all-time high above $52 early on, before reversing to close lower. Golds were hit harder with Newmont (NEM) trading at $190 yesterday before closing ~$173 today.

ACTION

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Market Matters Content

ETF Friday: How MM sees the resources ETFs in the current buying frenzy

Morning report 30/01/2026

Afternoon Report

The Match Out: Hot money flips out of resources as Gold pulls back, ASX +1.8% for the month

Afternoon report 30/01/2026

Ask James ASK A QUESTION

Ask James

Question asked 31/01/2026

What are your thoughts on Dicker Data (DDR) and ASX pure copper plays?

Dear team, Please forgive me for asking questions 2 weeks in a row. The Christmas break and the turbulent times we live in have created a backlog of worry. 1. You recently sold out of DDR. I notice you never had a very big stake in this company, and you considered it high risk. Did you sell because you thought the risk was too high or because it had run its course with little room for growth or possibly for many reasons? 2. I have long considered BHP to be a way of covering Copper investment, but, both BHP and RIO are perhaps 'pulled back' by being mostly iron ore vendors. What would you consider to be the best ASX pure copper play around? My instinct learns to SFR, but others have suggested CSC or DVP might be overlooked gems and no doubt there are others I know nothing about. Thank you for your ever wise counsel, Octogenarian

Ask James

Question asked 31/01/2026

US Bonds

Hi Guy`s Is the US Bond mkt, is where US citizen s buy US interest, in a security, from the US government, for a certain amount of time, to obtain an income? Am I on the correct track here. Could you pl`s explain in Lay man's terms cheers Paul M

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