MM is bullish towards PME around $145

02/06/2026

MM is bullish towards PME around $145

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Afternoon report 10/06/2026

The Match Out: ASX looks through US-Iran tensions to close higher, Steadfast (SDF) jumps on $6.7bn takeover bid

The ASX pushed higher today despite another round of US-Iran hostilities overnight, with investors continuing to look through the latest developments in the Middle East and instead focusing on the broader trajectory of negotiations.

Morning report 10/06/2026

Portfolio Positioning: The ASX shrugs off Consumer Confidence, testing multi-decade lows

The ASX showed impressive resilience on Tuesday, reversing early triple-digit losses to finish down just 0.21%, in a near carbon copy of the previous week's price action. The broader market was healthier than the index implied, with fewer than 40% of stocks on the main board closing lower. However, the heavyweight miners continued to cause a significant drag, with BHP alone effectively accounting for all of the ASX200's decline. As June 30 approaches, some profit-taking and performance reversion are beginning to emerge across one of the market's standout-performing sectors.