Magellan Financial Group Ltd (MFG)

18/04/2024

Magellan Financial Group Ltd (MFG)

Latest Reports

Afternoon report 22/09/2026

The Match Out: Tech leads, but the ASX gives back early gains

The ASX 200 finished modestly higher today, but the headline gain masks another fairly mixed session. The index jumped ~50 points at the open following a strong lead from Wall Street and renewed enthusiasm around the AI trade and a drop in Oil prices, before handing back some of those gains as the day progressed.

Morning report 22/09/2026

What Matters Today: Is it time for the Consumer Staples contrarian trade?

The ASX 200 recovered well from an early 0.6% dip to close flat on Monday, with 45% of the main board managing to advance. Gains by the banks cancelled out losses by the miners, leaving the index evenly balanced into the close. Australian tech stocks, which are primarily software names, continued to underperform, falling 1.6% and extending their decline in 2026 to more than 25%. To put the disappointing performance into perspective, the US software sector is marginally higher for the year.