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ANALYSIS
OPINION
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ANALYSIS

Market Analysis

29M.AX

4DX.AX

0.8%

ABG.AX

3.61%

AIS.AX

-2.38%

AGL.AX

0.33%

A1M.AX

AIZ.AX

AAI.AX

-2.05%

ALK.AX

0.63%

A4N.AX

-0.94%

ALQ.AX

-0.54%

AMC.AX

1.21%

AOV.AX

-1.31%

AMP.AX

1.28%

ALD.AX

-0.05%

ANN.AX

0.39%

ANZ.AX

-0.16%

APA.AX

0.9%

ARU.AX

-6.82%

ARB.AX

-2.26%

ARF.AX

0.85%

ARG.AX

-0.22%

ALL.AX

-1.17%

AYA.AX

-1.27%

APZ.AX

-2.42%

ASX.AX

-0.78%

ALX.AX

-0.82%

AUB.AX

-0.17%

AIA.AX

1.93%

AXQ.AX

AMI.AX

AZJ.AX

-0.28%

AUC.AX

-3.02%

ABB.AX

2.24%

ASB.AX

1.42%

AAC.AX

1.12%

ACL.AX

0.35%

AEF.AX

0.68%

AFI.AX

-0.58%

AUI.AX

0.59%

BOQ.AX

-0.31%

BMN.AX

-0.53%

BCI.AX

-2.17%

BPT.AX

BGA.AX

0.17%

BGL.AX

-0.33%

BEN.AX

-1.52%

BNZ.AX

-2.32%

BHP.AX

-0.22%

BKI.AX

-0.79%

BC8.AX

-1.83%

XYZ.AX

-0.14%

BSL.AX

2.06%

BOE.AX

-2.61%

BXB.AX

0.41%

BVS.AX

-3.36%

BRE.AX

-5.81%

BRG.AX

-4.17%

BGP.AX

BFL.AX

0.12%

BWP.AX

1.33%

CMM.AX

-0.62%

CSC.AX

-1.77%

CAR.AX

-0.34%

CIN.AX

CYL.AX

1.72%

CAT.AX

2.56%

CWP.AX

2.14%

CNI.AX

-5.5%

CIP.AX

0.33%

COF.AX

-1.17%

CHN.AX

-3.72%

CGF.AX

-5.04%

CIA.AX

4.46%

CHC.AX

-1.62%

CLW.AX

-0.56%

CQR.AX

-0.99%

CQE.AX

-1.63%

CNU.AX

0.25%

C79.AX

-1.89%

CVL.AX

-1.06%

CU6.AX

-3.11%

CWY.AX

-2.26%

CUV.AX

0.39%

CBO.AX

-4.7%

COH.AX

-2.76%

CDA.AX

0.12%

COL.AX

0.56%

CKF.AX

-0.25%

CBA.AX

-1.18%

CPU.AX

0.08%

CEN.AX

-0.34%

CXO.AX

CCP.AX

0.68%

CMW.AX

-1.2%

CSL.AX

5.49%

CCL.AX

-1.51%

DBI.AX

-0.37%

DTL.AX

-4.94%

DYL.AX

DRR.AX

2.07%

DVP.AX

-0.21%

DXS.AX

0.69%

DXI.AX

-0.85%

DDR.AX

-0.55%

DGT.AX

-2.81%

DJW.AX

-0.33%

DMP.AX

-0.16%

DOW.AX

DPM.AX

-1.07%

DRO.AX

0.8%

DUR.AX

-0.45%

DNL.AX

APE.AX

-1.98%

EBO.AX

8.28%

EIQ.AX

-1.64%

ELD.AX

0.7%

EOS.AX

1.52%

ELV.AX

-1.96%

ELS.AX

-0.31%

EHL.AX

6.12%

EMR.AX

-0.46%

EDV.AX

-0.58%

EOL.AX

8.13%

EQR.AX

1.59%

EQT.AX

-4.47%

EUR.AX

12.07%

EVN.AX

0.22%

EVT.AX

-0.57%

FDC.AX

FCL.AX

-5.2%

FFM.AX

-2.93%

FPH.AX

1.17%

FPR.AX

-0.94%

FBU.AX

8.77%

FLT.AX

-0.47%

FML.AX

-1.27%

FRS.AX

-2.78%

FMG.AX

2.15%

FGX.AX

0.37%

FGG.AX

-0.3%

GLF.AX

0.89%

GDG.AX

-0.53%

GNE.AX

1.36%

GMD.AX

-0.95%

GNP.AX

-0.21%

GMG.AX

-4.1%

GPT.AX

-2.08%

GQG.AX

1.03%

GNG.AX

4.13%

GNC.AX

2.72%

GGP.AX

-1.62%

G6M.AX

-4.11%

GOZ.AX

-0.94%

GCI.AX

GYG.AX

-3.49%

GWA.AX

-0.89%

HSN.AX

-21.18%

HVN.AX

-0.86%

HGH.AX

HM1.AX

-2.01%

HLI.AX

1.25%

HMC.AX

-0.33%

HDN.AX

-0.86%

HUB.AX

-0.25%

IEL.AX

0.46%

IGO.AX

-0.63%

ILU.AX

-2.26%

IMD.AX

-0.53%

IMR.AX

-0.48%

IFT.AX

-0.48%

INA.AX

-0.71%

ING.AX

-0.44%

IAG.AX

0.74%

IDX.AX

-0.88%

IPG.AX

-1.03%

IPX.AX

-7.93%

IPH.AX

1.44%

IRE.AX

-5.63%

JHX.AX

-2.26%

JBH.AX

-1.75%

JDO.AX

-5.14%

JMS.AX

-1.85%

KAR.AX

0.84%

KLS.AX

-1.3%

KCN.AX

0.41%

KKC.AX

0.93%

GLS.AX

-0.5%

LGF.AX

-1.72%

L1G.AX

2.89%

LSF.AX

1.27%

LRV.AX

-4.44%

LFS.AX

LLC.AX

-1.43%

LFG.AX

0.94%

360.AX

-6.89%

LIC.AX

-3.49%

LNW.AX

-2.34%

LIN.AX

-1.91%

LTR.AX

-4.56%

LOV.AX

-4.23%

LYL.AX

13.44%

LYC.AX

-1.33%

MA1.AX

0.25%

MAF.AX

-0.99%

MGH.AX

-0.7%

MAH.AX

12.71%

MQG.AX

-0.47%

MAQ.AX

-2.73%

MAD.AX

-1.55%

MFG.AX

-3.18%

MMS.AX

0.39%

MPL.AX

0.2%

MP1.AX

-2.4%

MCY.AX

4.36%

MEZ.AX

-0.86%

MSB.AX

-1.25%

MLX.AX

0.82%

MTS.AX

0.66%

MEI.AX

MOT.AX

0.31%

MXT.AX

0.26%

MFF.AX

-0.56%

MIN.AX

1.22%

MI6.AX

1.94%

MIR.AX

0.79%

MGR.AX

6.32%

MND.AX

1.31%

MYS.AX

NAN.AX

0.28%

NAB.AX

-0.71%

NGI.AX

0.38%

NWL.AX

-0.9%

NEU.AX

-0.82%

NHC.AX

-1.23%

NMG.AX

1.64%

NEM.AX

-0.67%

NWS.AX

1.95%

NXG.AX

-5.1%

NXT.AX

-5.63%

NHF.AX

1.22%

NCK.AX

-3.11%

NIC.AX

1.83%

NEC.AX

0.51%

NST.AX

0.31%

NWH.AX

1.69%

NUF.AX

OCL.AX

-1.69%

OML.AX

OPH.AX

-0.4%

OBM.AX

1.46%

ORI.AX

-0.9%

ORG.AX

ORA.AX

1.38%

PDN.AX

-3.72%

PNR.AX

-0.41%

PPC.AX

-0.28%

PPM.AX

0.57%

PRN.AX

2.18%

PPT.AX

2.5%

PCI.AX

PRU.AX

1.08%

PXA.AX

0.38%

PNI.AX

-1.75%

PL8.AX

-2.07%

PLS.AX

-3.45%

PGF.AX

-1.19%

PNV.AX

-1.42%

PDI.AX

PMV.AX

-1.03%

PME.AX

1.07%

PWH.AX

-1.94%

PYC.AX

0.47%

QAN.AX

-1.65%

QBE.AX

0.04%

QAL.AX

0.31%

QRI.AX

-0.65%

RMS.AX

-0.56%

RHC.AX

0.56%

REA.AX

0.21%

RDX.AX

-0.26%

REH.AX

RF1.AX

1.9%

RPL.AX

-1.02%

RG1.AX

-2.21%

RGN.AX

-2.16%

REG.AX

1.29%

RRL.AX

-0.67%

RWC.AX

-2.22%

RMD.AX

0.45%

RSG.AX

1.74%

SGLLV.AX

RIC.AX

RIO.AX

1.54%

RXL.AX

RFF.AX

-1.38%

RYM.AX

-1.13%

SFR.AX

0.24%

SMI.AX

-1.89%

STO.AX

2.47%

SCG.AX

-0.82%

SEK.AX

-2.18%

SHV.AX

1.58%

SRV.AX

-2.49%

SSM.AX

3.16%

SGH.AX

-2.85%

SHA.AX

-1.92%

SIG.AX

SLX.AX

-0.77%

SGM.AX

-1.31%

SDR.AX

-4.08%

SKS.AX

1.98%

SKC.AX

-2%

SIQ.AX

0.46%

SHL.AX

2.35%

S32.AX

-1.24%

SX2.AX

-2.64%

SXE.AX

-3.66%

SPK.AX

4.02%

SRG.AX

3.54%

SBM.AX

0.83%

SMR.AX

SDF.AX

0.53%

SGP.AX

12.35%

SKG.AX

-0.43%

SNZ.AX

SUN.AX

SRL.AX

-3.82%

SUL.AX

0.32%

SLC.AX

6.73%

SNL.AX

0.69%

SYL.AX

-0.35%

TAH.AX

TEA.AX

2.49%

TNE.AX

-0.76%

TLX.AX

0.48%

TLS.AX

A2M.AX

-4.37%

TLC.AX

0.94%

SGR.AX

-7.14%

TVN.AX

2.04%

THL.AX

0.43%

TWR.AX

0.33%

TPG.AX

-0.56%

TCL.AX

0.72%

TWE.AX

0.9%

TUA.AX

-0.48%

TCG.AX

4.86%

TRA.AX

UNI.AX

-4.34%

VAU.AX

-0.67%

VNT.AX

0.17%

VCX.AX

-1.94%

VGN.AX

-1.11%

VGL.AX

-2.19%

VEA.AX

1.43%

VUL.AX

-2.17%

VSL.AX

1.55%

VYS.AX

-2.26%

WA1.AX

-2.29%

WGN.AX

1.45%

WAM.AX

-0.96%

WGB.AX

-2.26%

WLE.AX

0.38%

SOL.AX

-0.31%

WPR.AX

-1.24%

WQG.AX

-0.23%

WEB.AX

-0.85%

WBT.AX

-3.92%

WES.AX

0.05%

WAF.AX

0.58%

WGX.AX

-1.89%

WBC.AX

-0.63%

WHF.AX

-0.8%

WHC.AX

-2.71%

WIA.AX

2.22%

WC8.AX

-3.7%

WTC.AX

-8.7%

WDS.AX

1.18%

WOW.AX

0.61%

WOR.AX

0.46%

XRO.AX

0.7%

YAL.AX

0.17%

ZIM.AX

2.72%

ZIP.AX

2.38%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	151.23	-0.06	-0.04
SSO ASX Small Caps	14.91	-0.1	-0.67
IVV S&P 500	72.28	-0.02	-0.03
NDQ Nasdaq	60.35	-0.48	-0.79
F100 FTSE 100	15.36	0	0
ASIA Asia Tech	19.70	-0.47	-2.33
IEU Europe	99.40	0.13	0.13
IEM Emerging Markets	92.85	-1.15	-1.22
Gold Gold	56.26	-0.36	-0.64
ACDC Battery Tech	126.77	-3.41	-2.62

COMMODITIES	Close($)	-/+	%
Gold	4,488.82	155.4889	3.59
Silver	65.62	2.3206	3.67
Platinum	1,798.29	86.2939	5.04
Palladium	1,326.75	36.8534	2.86
Ice Brent Crude	91.33	0.46	0.51
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7117	0.0031	0.44
Euro	1.1661	0.0087	0.75
British Pound	1.3597	0.0068	0.5
Canadian Dollar	1.3816	-0.008	-0.58
New Zealand Dollar	0.5927	0.0053	0.9
Chinese Yuan	6.7295	-0.0131	-0.19
Japanese Yen	158.4500	-1.17	-0.73

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.74	0%	133.33%	0.31 0.85
BGL	Bellevue Gold Limited	1.52	-0.33%	0.00%	0.86 2.00
BHP	Bhp Group Ltd	63.71	-0.22%	53.97%	39.30 65.98
FMG	Fortescue Ltd	18.06	2.15%	-10.34%	17.44 23.38
NHC	New Hope Corporation Ltd	5.62	-1.23%	30.80%	3.77 6.17
WHC	Whitehaven Coal Limited	7.55	-2.71%	14.29%	5.94 9.90
NEM	Newmont Cdi	165.60	-0.67%	0.00%	106.13 190.91
NXG	Nexgen Ene Cdi	14.52	-5.1%	0.00%	9.99 20.47
SFR	Sandfire Resources Limited	20.90	0.24%	70.76%	11.98 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
LYL	Lycopodium	21.35	13.44
MAH	Macmahon Holding	1.02	12.71
SGP	Stockland	4.55	12.35
EUR	European Lithium	0.33	12.07
FBU	Fletcher Buildin	3.35	8.77
EBO	Ebos Group	19.74	8.28
EOL	Energy One	16.35	8.13
SLC	Superloop	3.33	6.73
MGR	Mirvac Group	1.85	6.32
EHL	Emeco Holdings	1.04	6.12

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
HSN	Hansen Technolog	3.35	-21.18
WTC	Wisetech Global	39.58	-8.7
IPX	Iperionx	3.02	-7.93
SGR	The Star Enterta	0.13	-7.14
360	Life360 Inc.	20.94	-6.89
ARU	Arafura Rare Ear	0.21	-6.82
BRE	Brazilian Rare	4.05	-5.81
NXT	Nextdc	13.90	-5.63
IRE	Iress	6.04	-5.63
CNI	Centuria Capital	1.38	-5.5

OPINION

Latest Market Matters Opinions

19/08/2026 17:37

Broker Moves

• Reliance Worldwide Cut to Hold at Taylor Collison; PT A$4.65 • BHP Cut to Trim at Morgans Financial Limited; PT A$55.30 • Reliance Worldwide Cut to Neutral at Barrenjoey; PT A$4.75 • CSL Raised to Overweight at Jarden Securities; PT A$207 • Reliance Worldwide Cut to Neutral at Jarden Securities • Judo Bank Cut to Underweight at Jarden Securities; PT A$1.25 • Reliance Worldwide Cut to Hold at CLSA; PT A$4.75 • Cochlear Raised to Neutral at Citi; PT A$140 • Challenger Cut to Neutral at Barrenjoey; PT A$11.70 • Bendigo & Adelaide Cut to Neutral at Barrenjoey; PT A$11 • Reliance Worldwide Cut to Neutral at JPMorgan; PT A$4.75 • HUB24 Cut to Hold at Bell Potter; PT A$90 • Pro Medicus Cut to Hold at Canaccord; PT A$189.68 • SRG Global Raised to Buy at Morgans Financial Limited; PT A$4.70 • Cochlear Cut to Hold at Canaccord; PT A$136.13 • Data#3 Cut to Underweight at JPMorgan; PT A$8.40 • Ausgold Cut to Speculative Hold at Bell Potter; PT A$1.50 • Deterra Raised to Overweight at JPMorgan; PT A$5.10 • Adrad Holdings Raised to Buy at Bell Potter; PT A$1.40 • Macmahon Raised to Buy at Argonaut Securities; PT A$1 • Reliance Worldwide Cut to Hold at Jefferies; PT A$4.75

19/08/2026 17:37

Santos (STO) $8.31

STO +2.47%: delivered a mixed headline 1H26 result, but the underlying operational picture was better than the statutory numbers suggest, with earnings (EBITDAX) ahead of consensus, a healthy dividend and FY26 guidance maintained. The shares rallied as investors focused on improving execution at Barossa and the prospect that STO is approaching the point where major growth-project spending rolls over and debt reduction becomes the priority.

ACTION

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Market Matters Content

Portfolio Positioning: Reporting season finally offers a steadying hand to the ASX

Morning report 19/08/2026

Afternoon Report

The Match Out: ASX edges lower as tech tumbles; Mirvac & Stockland buck the weakness

Afternoon report 19/08/2026

Ask James ASK A QUESTION

Ask James

Question asked 14/08/2026

Vault Minerals Ltd (ASX: VAU)

Hi MM team, Vault share price now seems to be above the merger deal payment to VAU shareholders, is that correct? If so, is it time to sell VAU above $6 or is the future Genesis price worth holding on for? Thanks Trish

Ask James

Question asked 14/08/2026

SiteMinder Ltd (ASX: SDR) and SRG Global Ltd (ASX: SRG)

If you wanted to reduce the number of equities in your portfolio and one of your choices was between SDR and SRG (yes, very different) which would you be inclined to sell and why? You've indicated you're looking at the lithium sector to buy. Which stocks have you narrowed down to and is IGO of interest? Thanks heaps for all your work and clear, thorough and fast responses to this dynamic market. Trish

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Latest View Points

STO

SGP

TPW

EVN

WHC

MGR

LTR

PSHZF US

AMC

CLW

SRG

COH

Chart of the week

Westpac Banking Corp (WBC)

Aus. Investment blog Subscribe to blog

Why is JB Hi-Fi (ASX: JBH) down over 10%?

JBH is down sharply today following a weaker-than-expected FY26 earnings result, with the stock falling over 10%.

ASX:JBH 11/08/2026

Why is Austal (ASX: ASB) soaring ~18%?

Austal's surging higher today after Hanwha Defence USA's non-binding, conditional offer to acquire Austal USA for an indicative enterprise value of US$1.05–1.20 billion.

ASX:ASB 11/08/2026

Morning Report

Portfolio Positioning: Reporting season finally offers a steadying hand to the ASX

Morning report 19/08/2026

Afternoon Report

The Match Out: ASX edges lower as tech tumbles; Mirvac & Stockland buck the weakness

Afternoon report 19/08/2026

Ask James ASK A QUESTION

Ask James

Question asked 14/08/2026

Vault Minerals Ltd (ASX: VAU)

Ask James

Question asked 14/08/2026

SiteMinder Ltd (ASX: SDR) and SRG Global Ltd (ASX: SRG)

Latest View Points

STO

SGP

TPW

EVN

WHC

MGR

LTR

PSHZF US

AMC

CLW

SRG

COH

Chart of the week

Westpac Banking Corp (WBC)

Aus. Investment blog Subscribe to blog

Why is JB Hi-Fi (ASX: JBH) down over 10%?

JBH is down sharply today following a weaker-than-expected FY26 earnings result, with the stock falling over 10%.

ASX:JBH 11/08/2026

Why is Austal (ASX: ASB) soaring ~18%?

Austal's surging higher today after Hanwha Defence USA's non-binding, conditional offer to acquire Austal USA for an indicative enterprise value of US$1.05–1.20 billion.

ASX:ASB 11/08/2026

Opinion + Action