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Opinion + Action

The latest views from real investors with real money in the markets.

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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

-2.74%

4DX.AX

-5.21%

ABG.AX

-1%

ASK.AX

-3.61%

A1G.AX

-3.47%

AGL.AX

AIZ.AX

AAI.AX

4.03%

ALK.AX

-3.25%

A4N.AX

-3.42%

ALQ.AX

-2.78%

AMC.AX

0.76%

AOV.AX

-1.31%

AMP.AX

-2.28%

AEL.AX

1.13%

ALD.AX

-0.98%

ANN.AX

-0.56%

ANZ.AX

0.71%

APA.AX

0.61%

ARU.AX

-1.64%

ARB.AX

-3.37%

ARF.AX

1.52%

ARG.AX

-0.82%

ALL.AX

-1.14%

APZ.AX

-1.08%

ASX.AX

-1.09%

ALX.AX

-0.7%

AUB.AX

-1.24%

AIA.AX

0.45%

AZJ.AX

ABB.AX

-3.21%

ASB.AX

-3.83%

AAC.AX

-1.49%

AEF.AX

-0.65%

AFI.AX

-0.91%

AUI.AX

-1.21%

ASG.AX

4.17%

BOQ.AX

0.15%

BMN.AX

-4.58%

BCI.AX

1.22%

BPT.AX

1.16%

BGA.AX

-0.5%

BGL.AX

-4.97%

BEN.AX

0.7%

BNZ.AX

-6.8%

BHP.AX

-2.53%

BKI.AX

-1.17%

BC8.AX

-3.3%

XYZ.AX

-4.07%

BSL.AX

-1.18%

BOE.AX

-2.78%

BXB.AX

-0.35%

BVS.AX

-5.29%

BRE.AX

-8.04%

BRG.AX

-3.07%

BGP.AX

BFL.AX

-0.63%

BWP.AX

-0.82%

CMM.AX

-6.5%

CSC.AX

-2.05%

CAR.AX

-3.63%

CIN.AX

0.06%

CYL.AX

-8.93%

CAT.AX

-6.4%

CWP.AX

-2.65%

CNI.AX

-2.24%

CIP.AX

-0.35%

COF.AX

0.54%

CHN.AX

-8.86%

CGF.AX

-0.36%

CIA.AX

-2.39%

CHI.AX

2.04%

CHC.AX

-0.11%

CLW.AX

CQR.AX

-1.08%

CQE.AX

-0.77%

CNU.AX

0.39%

C79.AX

-6.06%

CVL.AX

-1.04%

CU6.AX

-5.12%

CWY.AX

-0.43%

CBO.AX

0.88%

COH.AX

-1.53%

CDA.AX

-1.63%

COL.AX

2.59%

CKF.AX

-2.01%

CBA.AX

0.52%

CPU.AX

-1.63%

CEN.AX

2.8%

CXO.AX

-1.92%

CRN.AX

-7.14%

CCP.AX

-3.56%

CMW.AX

CSL.AX

-2.28%

CCL.AX

0.25%

DBI.AX

0.6%

DTL.AX

-2.52%

DTR.AX

-5.81%

DYL.AX

-6.04%

DRR.AX

-2.66%

DVP.AX

-3%

DXS.AX

-0.85%

DXI.AX

DDR.AX

-1.89%

DGT.AX

-6.95%

DUI.AX

DJW.AX

-0.71%

DMP.AX

-2.2%

DOW.AX

-0.38%

DPM.AX

2.62%

DRO.AX

-1.26%

DUR.AX

1.48%

DNL.AX

0.63%

APE.AX

-3.82%

EBO.AX

3.39%

EIQ.AX

-3.35%

ELD.AX

-0.81%

EOS.AX

-0.33%

ELV.AX

-6.47%

ELS.AX

5.04%

EHL.AX

-3.57%

EMR.AX

-2.75%

EDV.AX

-0.93%

ERA.AX

16.67%

EQR.AX

3.28%

EQT.AX

-4.17%

EVN.AX

-4.62%

EVT.AX

-0.15%

FCL.AX

2.62%

FFM.AX

-7.63%

FPH.AX

-2.35%

FPR.AX

-0.8%

FBU.AX

-3.67%

FLT.AX

-3.85%

FML.AX

-4.31%

FRS.AX

-5%

FMG.AX

-3.98%

FRW.AX

0.1%

FGX.AX

-0.38%

FGG.AX

0.33%

GLF.AX

-3.38%

GDG.AX

-11.16%

GNE.AX

-0.28%

GMD.AX

-6.08%

GTK.AX

-5.78%

GNP.AX

-1.18%

GMG.AX

-0.19%

GPT.AX

-0.67%

GQG.AX

-0.83%

GNG.AX

-8.29%

GNC.AX

1.07%

GGP.AX

-1.38%

GOZ.AX

0.47%

GCI.AX

GYG.AX

-3.12%

GWA.AX

-1.42%

HSN.AX

-3.42%

HVN.AX

-2.87%

HGH.AX

1.54%

HM1.AX

HLI.AX

-1.68%

HMC.AX

-7.35%

HDN.AX

1.69%

HUB.AX

-7.23%

IEL.AX

-3.5%

IGO.AX

-2.57%

ILU.AX

-0.44%

IMD.AX

-5.12%

IMR.AX

-3.61%

IFT.AX

-0.53%

INA.AX

-2.24%

ING.AX

0.5%

IFL.AX

IAG.AX

-0.27%

IDX.AX

-3.02%

IPX.AX

-1.3%

IPH.AX

-2.66%

IRE.AX

-2.44%

JHX.AX

-2.56%

JBH.AX

-1.84%

JDO.AX

-3.27%

JMS.AX

KAR.AX

6.53%

KLS.AX

-1.81%

KCN.AX

-4.59%

KKC.AX

0.49%

GLS.AX

-4.25%

L1G.AX

-2.82%

LSF.AX

-2.7%

LRV.AX

-5.45%

LFS.AX

-2.69%

LLC.AX

-1.83%

LFG.AX

-1.1%

360.AX

-5.89%

LIC.AX

1.29%

LNW.AX

-4.48%

LIN.AX

-1.31%

LTR.AX

-6.09%

LOV.AX

-3.49%

LYL.AX

-0.52%

LYC.AX

-1.22%

MA1.AX

0.26%

MAF.AX

-6.66%

MGH.AX

-7.59%

MAH.AX

-2.67%

MQG.AX

-1.41%

MAQ.AX

-0.16%

MAD.AX

0.37%

MFG.AX

-4.89%

MAU.AX

-1.31%

MMS.AX

MPL.AX

0.68%

MEK.AX

-5.56%

MP1.AX

-6.88%

MCY.AX

-1.34%

MEZ.AX

-2.83%

MSB.AX

-6.17%

MLX.AX

-2.62%

MTS.AX

-0.34%

MOT.AX

0.59%

MXT.AX

0.79%

MFF.AX

-1.51%

MIN.AX

-6.58%

MI6.AX

-2.17%

MIR.AX

MGR.AX

-1.45%

MND.AX

-2.4%

MYR.AX

-1.67%

MYS.AX

0.23%

NAN.AX

-4.15%

NAB.AX

-0.29%

NSR.AX

NGI.AX

-5.53%

NWL.AX

-6.35%

NEU.AX

-2.51%

NHC.AX

-0.68%

NMG.AX

2.13%

NEM.AX

0.57%

NWS.AX

-3.75%

NXG.AX

-4.94%

NXT.AX

-3.84%

NHF.AX

0.16%

NCK.AX

-4.31%

NIC.AX

-1.62%

NEC.AX

-0.52%

NST.AX

-0.86%

NWH.AX

-1.47%

NUF.AX

-2.4%

OCL.AX

-2.7%

OML.AX

-0.53%

OPH.AX

-3.64%

OBM.AX

-10.04%

ORI.AX

-2.12%

ORG.AX

1.37%

ORA.AX

-0.53%

PDN.AX

-3.64%

PNR.AX

-4.37%

PPC.AX

-0.8%

PPM.AX

-4.97%

PRN.AX

-5.17%

PPT.AX

-1.5%

PCI.AX

-0.46%

PRU.AX

-2.76%

PXA.AX

-6.78%

PNI.AX

-6.7%

PL8.AX

-0.37%

PLS.AX

-3.96%

PGF.AX

-1.74%

PNV.AX

-6.5%

PDI.AX

1.83%

PMV.AX

-2.21%

PME.AX

-4.14%

PFP.AX

-1.95%

PWH.AX

0.34%

PYC.AX

-4.29%

QAN.AX

-1.38%

QBE.AX

0.75%

QAL.AX

-2.78%

QRI.AX

0.65%

QUB.AX

1.02%

RMS.AX

-5.15%

RHC.AX

-0.38%

REA.AX

-3.66%

RDX.AX

1.82%

REH.AX

-2.23%

RF1.AX

0.59%

RPL.AX

-6.96%

RG1.AX

0.46%

RGN.AX

REG.AX

-2.09%

RRL.AX

-5.75%

RWC.AX

-4.29%

RMD.AX

-1.59%

RSG.AX

-6.38%

SGLLV.AX

-1.61%

RIC.AX

-1.86%

RIO.AX

-3.27%

RXR.AX

2.5%

RXL.AX

-6.38%

RFF.AX

0.25%

RYM.AX

4.49%

SFR.AX

-3.31%

SMI.AX

-5.59%

STO.AX

1.38%

SCG.AX

-0.3%

SEK.AX

-4.16%

SHV.AX

-1.26%

SRV.AX

-1.88%

SSM.AX

-0.75%

SGH.AX

-0.95%

SHA.AX

0.3%

SIG.AX

-2.56%

SLX.AX

-6.85%

SGM.AX

-2.85%

SDR.AX

-9.21%

SKC.AX

0.87%

SIQ.AX

1.44%

SHL.AX

-1.91%

S32.AX

-1.34%

SX2.AX

-1.51%

SXE.AX

-0.34%

SPK.AX

0.87%

SRG.AX

-0.39%

SBM.AX

-3.05%

SMR.AX

-7.5%

SDF.AX

-1.41%

SGP.AX

-2.83%

STK.AX

SNZ.AX

-1.59%

SUN.AX

-1.31%

SRL.AX

-3.76%

SUL.AX

-0.93%

SLC.AX

-3.11%

SNL.AX

-2.3%

SYL.AX

-1.8%

TAH.AX

-2.11%

TEA.AX

-2.13%

TNE.AX

-3.55%

TLX.AX

-1.89%

TLS.AX

1.5%

TPW.AX

-7.55%

A2M.AX

0.54%

TLC.AX

0.75%

SGR.AX

-8%

TVN.AX

-7.58%

TWR.AX

TPG.AX

1.24%

TCL.AX

0.14%

TWE.AX

-0.8%

TUA.AX

-6.76%

TCG.AX

-6.02%

UNI.AX

-4.63%

VAU.AX

-5.94%

VNT.AX

-1.14%

VCX.AX

0.42%

VGN.AX

-4.96%

VEA.AX

-0.39%

VUL.AX

-3.24%

VSL.AX

3.98%

WA1.AX

-4.29%

WGN.AX

-3.55%

WAM.AX

0.6%

WGB.AX

-1.35%

WLE.AX

0.37%

SOL.AX

1.08%

WPR.AX

1.28%

WEB.AX

-6.47%

WBT.AX

-4.57%

WES.AX

-0.12%

WAF.AX

-4.71%

WGX.AX

-4.45%

WBC.AX

-0.52%

WHF.AX

-0.2%

WHC.AX

-1.73%

WIA.AX

-5.49%

WC8.AX

-2.5%

WTC.AX

-4.3%

WDS.AX

-0.46%

WOW.AX

1.26%

WOR.AX

-1.32%

XRO.AX

-3.81%

YAL.AX

0.85%

ZIM.AX

-2.51%

ZIP.AX

-8.16%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	143.27	-1.44	-1
SSO ASX Small Caps	15.31	-0.35	-2.23
IVV S&P 500	62.81	-0.24	-0.38
NDQ Nasdaq	50.66	-0.23	-0.45
F100 FTSE 100	14.92	0.02	0.13
ASIA Asia Tech	14.40	-0.46	-3.1
IEU Europe	97.25	-0.16	-0.16
IEM Emerging Markets	81.42	-1.76	-2.12
Gold Gold	62.14	0.09	0.15
ACDC Battery Tech	146.24	-1.5	-1.02

COMMODITIES	Close($)	-/+	%
Gold	4,620.09	-137.2059	-2.88
Silver	71.15	-3.9685	-5.28
Platinum	1,913.00	-50.6648	-2.58
Palladium	1,462.74	-10.352	-0.7
Ice Brent Crude	100.24	-18.11	-15.3
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6874	-0.0052	-0.75
Euro	1.1524	-0.0061	-0.53
British Pound	1.3200	-0.0104	-0.78
Canadian Dollar	1.3916	0.0042	0.3
New Zealand Dollar	0.5713	-0.0039	-0.68
Chinese Yuan	6.8948	0.0228	0.33
Japanese Yen	159.6100	0.83	0.52

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.54	-1.82%	50.68%	0.28 0.75
BGL	Bellevue Gold Ltd	1.53	-4.97%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	51.23	-2.53%	35.15%	33.25 59.39
FMG	Fortescue Ltd	20.25	-3.98%	34.76%	13.18 23.38
NHC	New Hope Corporation Ltd	5.84	-0.68%	58.49%	3.33 6.14
WHC	Whitehaven Coal Ltd	9.08	-1.73%	72.07%	4.26 9.90
NEM	Newmont Cdi	159.33	0.57%	0.00%	68.11 190.91
NXG	Nexgen Ene Cdi	16.34	-4.94%	0.00%	6.44 20.47
SFR	Sandfire Resources Ltd	16.37	-3.31%	62.63%	8.05 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
ERA	Energy Resources	0.00	16.67
KAR	Karoon Energy Lt	2.12	6.53
ELS	Elsight	6.25	5.04
RYM	Ryman Healthcare	1.86	4.49
ASG	Autosports Group	2.50	4.17
AAI	Alcoa Corpor Cdi	101.74	4.03
VSL	Vulcan Steel	5.48	3.98
EBO	Ebos Group	19.21	3.39
EQR	Eq Resources	0.32	3.28
CEN	Contact Energy	7.70	2.8

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
GDG	Generation Devel	3.90	-11.16
OBM	Ora Banda Mining	1.12	-10.04
SDR	Siteminder	2.76	-9.21
CYL	Catalyst Metals	6.12	-8.93
CHN	Chalice Mining	1.44	-8.86
GNG	Gr Engineering S	3.87	-8.29
ZIP	Zip Co	1.58	-8.16
BRE	Brazilian Rare	4.12	-8.04
SGR	The Star Enterta	0.12	-8
FFM	Firefly Metals	1.70	-7.63

OPINION

Latest Market Matters Opinions

02/04/2026 16:55

Broker Moves

• Santana Minerals Rated New Outperform at Forsyth Barr; PT A$1.12 • Karoon Energy Raised to Neutral at Macquarie; PT A$2 • Treasury Wine Raised to Neutral at UBS; PT A$4 • Harvey Norman Cut to Neutral at Evans & Partners Pty Ltd • Lotus Resources Raised to Overweight at JPMorgan; PT A$1.80 • Bannerman Energy Cut to Neutral at JPMorgan; PT A$4 • Sandfire Raised to Overweight at JPMorgan; PT A$19.50 • Core Lithium Raised to Buy at Argonaut Securities • Greatland Resources Rated New Buy at Stifel • WIA Gold Rated New Buy at Stifel; PT 70 Australian cents

02/04/2026 16:55

What Mattered Today

The ASX200 gave up early gains and finished lower today after investors were rattled by a fiery speech from US President Donald Trump at midday our time, dampening hopes for a quick resolution to the Iran conflict. The index traded up as much as ~0.4% earlier in the session before reversing sharply as oil prices surged and geopolitical risks again took centre stage.

ACTION

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Market Matters Content

What Matters Today: War Fear Fading – 4 Stocks MM likes to Ride the Rebound

Morning report 02/04/2026

Afternoon Report

The Match Out: ASX falls as Trump rhetoric spooks markets

Afternoon report 02/04/2026

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

WOW

RHC

SUL

CBA

URNM

GDX

WIRE

MAF

BTU US

IREN US

PLS

PDN

Chart of the week

McCellan’s Advance-Decline Index v S&P 500 Index

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: War Fear Fading – 4 Stocks MM likes to Ride the Rebound

Morning report 02/04/2026

Afternoon Report

The Match Out: ASX falls as Trump rhetoric spooks markets

Afternoon report 02/04/2026

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

WOW

RHC

SUL

CBA

URNM

GDX

WIRE

MAF

BTU US

IREN US

PLS