MM is considering switching from XRO to NXT

11/11/2022

MM is considering switching from XRO to NXT

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Latest Reports

Morning report 01/07/2026

Portfolio Positioning: Will the Resources Outperform Again in FY27

The ASX200 accelerated on the downside into the EOFY close on Tuesday, ultimately finishing the session down by -0.5% with investors appearing keen to lock in some tax losses ahead of FY27. The market ultimately waved goodbye to FY26 with a paltry +2.8% gain, although considering we had a war in the middle of it and oil trading above US100/barrel it wasn’t a bad result. We expect FY27 to deliver similar volatility on the stock and sector level but hopefully without the geopolitical interruptions.

Afternoon report 30/06/2026

The Match Out: ASX slips as EOFY selling weighs on the close

The ASX spent most of the session churning in a relatively tight 20-point trading range, with strength in the banks and technology sector largely offset by another weak day for the miners. The market looked comfortable drifting sideways for much of the afternoon before that balance broke down into the close, with the index accelerating lower in what looked like end-of-financial-year tax-loss selling. There were few buyers willing to absorb the selling pressure, leaving the index to finish well off its intraday highs. Despite the weak close, today's price action looked more like portfolio positioning than a deterioration in the macro backdrop.