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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

4DX.AX

-2.39%

ABG.AX

1.45%

ASK.AX

-0.36%

AX1.AX

-1.12%

AGL.AX

0.24%

AIZ.AX

0.94%

AAI.AX

-1.68%

ALK.AX

-7.61%

A4N.AX

-2.87%

ALQ.AX

0.37%

AMC.AX

0.24%

AOV.AX

-1.39%

AMP.AX

1.79%

AEL.AX

ALD.AX

-0.3%

ANN.AX

ANZ.AX

1.63%

APA.AX

0.62%

ARU.AX

-5.26%

ARB.AX

-1.14%

ARF.AX

-0.13%

ARG.AX

0.21%

ALL.AX

-0.59%

APZ.AX

-0.46%

ASX.AX

0.16%

ALX.AX

AUB.AX

-0.59%

AIA.AX

0.59%

AZJ.AX

0.47%

ABB.AX

-0.39%

ASB.AX

1.82%

AAC.AX

0.68%

AEF.AX

-1.15%

AFG.AX

-1.16%

AFI.AX

0.14%

AUI.AX

ASG.AX

BOQ.AX

1.23%

BMN.AX

2.35%

BAP.AX

-0.29%

BCI.AX

-2.86%

BPT.AX

BLX.AX

4.56%

BGA.AX

-0.89%

BGL.AX

-4.35%

BEN.AX

0.16%

BHP.AX

-1.54%

BKI.AX

BC8.AX

XYZ.AX

0.25%

BSL.AX

-1.34%

BOE.AX

-0.74%

BXB.AX

-1.58%

BVS.AX

0.25%

BRG.AX

-0.52%

BKW.AX

-0.19%

BFL.AX

-10.54%

BWP.AX

0.97%

CMM.AX

-0.18%

CSC.AX

-1.03%

CAR.AX

-0.64%

CIN.AX

CYL.AX

-0.24%

CAT.AX

0.86%

CWP.AX

0.13%

CNI.AX

-1.08%

CIP.AX

COF.AX

0.2%

CHN.AX

-3.32%

CGF.AX

0.41%

CIA.AX

-0.44%

CHC.AX

-0.35%

CLW.AX

-0.11%

CQR.AX

CQE.AX

0.75%

CNU.AX

0.74%

C79.AX

3.72%

CVL.AX

CU6.AX

2.9%

CWY.AX

1.67%

CUV.AX

1.85%

CBO.AX

0.3%

COH.AX

-0.04%

CDA.AX

0.23%

COL.AX

-0.61%

CKF.AX

-0.05%

CBA.AX

1.58%

CPU.AX

2.06%

CEN.AX

-0.36%

CRN.AX

-4.86%

CCP.AX

1.16%

CMW.AX

1.05%

CSL.AX

-0.04%

CCL.AX

1.32%

DBI.AX

-6.44%

DTL.AX

0.69%

DTR.AX

5.1%

DYL.AX

-0.76%

DRR.AX

-2.14%

DVP.AX

-3.76%

DXS.AX

-0.55%

DXI.AX

0.35%

DDR.AX

-1.88%

DGT.AX

-0.99%

DUI.AX

-0.37%

DJW.AX

-0.32%

DMP.AX

-0.48%

DOW.AX

-0.07%

DRO.AX

1.77%

DNL.AX

-0.34%

APE.AX

1.46%

EBO.AX

-0.07%

ELD.AX

-2.53%

EOS.AX

0.95%

EHL.AX

0.47%

EMR.AX

-4.74%

EDV.AX

-0.55%

ERA.AX

EQT.AX

0.57%

EVN.AX

-1.81%

EVT.AX

-2.93%

FCL.AX

-4.33%

FFM.AX

-2.08%

FPH.AX

0.17%

FPR.AX

-0.37%

FBU.AX

0.18%

FLT.AX

-0.65%

FMG.AX

-1.73%

FGX.AX

FGG.AX

0.32%

GEM.AX

1.57%

GLF.AX

0.22%

GDG.AX

1.96%

GNE.AX

1.4%

GMD.AX

1.51%

GTK.AX

-0.65%

GNP.AX

1.38%

GOR.AX

-0.44%

GMG.AX

1.08%

GPT.AX

0.09%

GQG.AX

0.29%

GNG.AX

-2.06%

GNC.AX

0.82%

GGP.AX

-0.4%

GOZ.AX

0.4%

GCI.AX

-0.48%

GYG.AX

-1.41%

GWA.AX

-0.39%

HSN.AX

-0.43%

HVN.AX

-0.34%

HLS.AX

-1.54%

HGH.AX

HM1.AX

-2.85%

HLI.AX

0.86%

HMC.AX

0.42%

HDN.AX

-0.18%

HUB.AX

1.66%

IEL.AX

-1.44%

IGO.AX

-11.9%

ILU.AX

-10.74%

IMD.AX

IFM.AX

0.3%

IFT.AX

2.18%

INA.AX

-0.45%

ING.AX

-0.75%

IFL.AX

-0.22%

IAG.AX

0.41%

IDX.AX

-0.35%

IPX.AX

2.39%

IPH.AX

-0.24%

IRE.AX

-1.22%

JHX.AX

-2.65%

JBH.AX

-1.07%

JLG.AX

0.25%

JDO.AX

3.93%

JIN.AX

-0.54%

KAR.AX

-1.38%

KLS.AX

0.71%

KCN.AX

-2.22%

KKC.AX

LSF.AX

LFS.AX

-0.43%

LLC.AX

-0.36%

LFG.AX

360.AX

-2.63%

LIC.AX

0.19%

LNW.AX

-1.16%

LTR.AX

-13.68%

LOV.AX

0.53%

LYC.AX

-2.26%

MAF.AX

1.16%

MGH.AX

-0.68%

MAC.AX

MAH.AX

1.79%

MQG.AX

0.99%

MAQ.AX

1.25%

MAD.AX

-0.58%

MFG.AX

0.59%

MMS.AX

-0.83%

MPL.AX

-2.22%

MEK.AX

-2.7%

MP1.AX

3.09%

MCY.AX

4.99%

MEZ.AX

2.55%

MSB.AX

2.9%

MTM.AX

-2.89%

MLX.AX

-2.02%

MTS.AX

MOT.AX

-1.72%

MXT.AX

MMI.AX

-1.79%

MFF.AX

MIN.AX

-7.39%

MIR.AX

-0.89%

MGR.AX

-0.85%

MND.AX

-0.32%

MYR.AX

-1.14%

MYS.AX

0.97%

NAN.AX

-1.3%

NAB.AX

1.39%

NSR.AX

0.21%

NGI.AX

-1.86%

NWL.AX

0.92%

NEU.AX

-0.69%

NHC.AX

-0.45%

NEM.AX

-0.23%

NWS.AX

-1.81%

NXG.AX

-0.92%

NXT.AX

1.28%

NHF.AX

0.27%

NCK.AX

-1.06%

NIC.AX

-2.45%

NEC.AX

-0.15%

NST.AX

-1.61%

NWH.AX

-2.03%

NUF.AX

-1.3%

NXL.AX

-2.46%

OCL.AX

0.29%

OML.AX

-1.56%

OPH.AX

1.24%

OBM.AX

-5.7%

ORI.AX

-0.64%

ORG.AX

0.64%

ORA.AX

0.25%

PDN.AX

-2.68%

PNR.AX

-4.96%

PGC.AX

PPC.AX

0.59%

PPM.AX

2.31%

PRN.AX

-0.41%

PPT.AX

2.46%

PCI.AX

0.42%

PRU.AX

-2.38%

PXA.AX

1.43%

PLS.AX

-13.96%

PNI.AX

-0.29%

PL8.AX

0.35%

PGF.AX

PNV.AX

1.08%

PDI.AX

-1.1%

PMV.AX

-1.36%

PME.AX

0.03%

PFP.AX

-0.8%

PWH.AX

1.31%

PYC.AX

-2.63%

QAN.AX

0.34%

QBE.AX

1.44%

QOR.AX

-0.82%

QAL.AX

0.29%

QRI.AX

QUB.AX

0.61%

RMS.AX

-2.33%

RHC.AX

-0.24%

REA.AX

-0.08%

RDX.AX

-3.16%

REH.AX

-2.07%

RF1.AX

RPL.AX

-0.37%

RGN.AX

-0.2%

REG.AX

0.75%

RRL.AX

-1.85%

RWC.AX

-2.83%

RMD.AX

0.33%

RSG.AX

-2.2%

SGLLV.AX

-0.13%

RIC.AX

-0.64%

RIO.AX

-1.46%

RUL.AX

-0.22%

RFF.AX

SFR.AX

-1.92%

SMI.AX

3.27%

STO.AX

0.13%

SYA.AX

-6.82%

SCG.AX

SEK.AX

-0.92%

SHV.AX

0.28%

SRV.AX

0.29%

SSM.AX

0.25%

SGH.AX

-1.09%

SIG.AX

-0.5%

SLX.AX

-2.84%

SGM.AX

-0.84%

SDR.AX

2.04%

SKC.AX

SIQ.AX

-1.85%

SHL.AX

-0.48%

S32.AX

-1.53%

SX2.AX

-2.04%

SXE.AX

0.52%

SPK.AX

0.45%

SRG.AX

1.02%

SMR.AX

-0.97%

SDF.AX

-0.08%

SGP.AX

SNZ.AX

SUN.AX

1.25%

SUL.AX

-0.71%

SLC.AX

3.5%

SNL.AX

TAH.AX

-0.24%

TEA.AX

0.92%

TNE.AX

-0.26%

TLX.AX

4.49%

TLS.AX

0.52%

TPW.AX

-0.44%

A2M.AX

0.6%

TLC.AX

0.59%

TWR.AX

1.99%

TPG.AX

TCL.AX

0.07%

TWE.AX

0.66%

TUA.AX

TCG.AX

-5.77%

TRA.AX

TYR.AX

0.8%

UNI.AX

0.12%

VAU.AX

-0.4%

VNT.AX

-0.79%

VCX.AX

-0.2%

VGN.AX

-1.23%

VGL.AX

VEA.AX

-1.49%

VUL.AX

-3.61%

VSL.AX

-1.07%

WA1.AX

-2.32%

WAM.AX

0.56%

WGB.AX

0.8%

WLE.AX

SOL.AX

-0.11%

WPR.AX

0.36%

WEB.AX

-0.84%

WBT.AX

-0.2%

WES.AX

0.03%

WGX.AX

-2.81%

WBC.AX

1.57%

WHF.AX

WHC.AX

-0.64%

WTC.AX

0.54%

WDS.AX

-0.1%

WOW.AX

-0.2%

WOR.AX

-0.14%

XRO.AX

0.78%

YAL.AX

0.28%

ZIM.AX

-2.08%

ZIP.AX

0.9%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	148.22	0.23	0.16
SSO ASX Small Caps	16.56	0	0
IVV S&P 500	66.14	0.47	0.72
NDQ Nasdaq	53.41	0.32	0.6
F100 FTSE 100	14.32	0.06	0.42
ASIA Asia Tech	13.30	0.28	2.15
IEU Europe	97.22	0.23	0.24
IEM Emerging Markets	78.46	0.71	0.91
Gold Gold	50.58	-0.42	-0.82
ACDC Battery Tech	106.43	-1.54	-1.43

COMMODITIES	Close($)	-/+	%
Gold	3,627.79	1.654	0.05
Silver	40.88	0	0
Platinum	1,371.00	2.75	0.2
Palladium	1,139.68	-8.4524	-0.74
Ice Brent Crude	66.53	0.51	0.77
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6586	0.0004	0.06
Euro	1.1697	-0.0009	-0.08
British Pound	1.3523	-0.0001	-0.01
Canadian Dollar	1.3853	0.0011	0.08
New Zealand Dollar	0.5924	-0.0001	-0.02
Chinese Yuan	7.1278	0.0069	0.1
Japanese Yen	147.3500	-0.01	-0.01

What We're Watching

10 Stocks We like Here & Now

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
CAT	Catapult Sports Ltd	6.46	0.86%	190.91%	2.04 6.93
DBI	Dalrymple Bay Infrastructure Ltd	4.07	-6.44%	38.54%	3.10 4.93
HSN	Hansen Technologies Ltd	5.76	-0.43%	32.57%	4.27 6.20
JHX	James Hardie Ind	29.40	-2.65%	-43.67%	28.11 59.53
MGR	Mirvac Group	2.33	-0.85%	6.82%	1.81 2.42
NSR	National Storage Reit	2.41	0.21%	-2.44%	2.05 2.59
PDN	Paladin Energy Ltd	7.99	-2.68%	-1.91%	3.93 13.27
RUL	Rpmglobal Holdings Ltd	4.64	-0.22%	0.00%	2.39 4.78
SFR	Sandfire Resources Ltd	12.29	-1.92%	53.55%	7.90 12.88
WOR	Worley Ltd	14.26	-0.14%	-3.19%	11.07 15.81

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
DTR	Dateline Resourc	0.26	5.1
MCY	Mercury Nz	6.10	4.99
BLX	Beacon Lighting	3.21	4.56
TLX	Telix Pharmaceut	14.44	4.49
JDO	Judo Capital Hol	1.72	3.93
C79	Chrysos Corporat	7.52	3.72
SLC	Superloop	3.11	3.5
SMI	Santana Minerals	0.79	3.27
MP1	Megaport	15.00	3.09
CU6	Clarity Pharmace	3.19	2.9

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
PLS	Pilbara Minerals	2.07	-13.96
LTR	Liontown Resourc	0.82	-13.68
IGO	Igo	4.22	-11.9
ILU	Iluka Resources	5.78	-10.74
BFL	Bsp Financial	7.13	-10.54
ALK	Alkane Resources	1.06	-7.61
MIN	Mineral Resource	35.33	-7.39
SYA	Sayona Mining	0.02	-6.82
DBI	Dalrymple Bay In	4.07	-6.44
TCG	Turaco Gold	0.49	-5.77

OPINION

Latest Market Matters Opinions

10/09/2025 09:22

IREN (IREN US) $US30.19

Sydney-based and US-listed Bitcoin miner and data centre operator IREN Ltd (IREN US) continues to impress on execution, but after a strong run, we think the valuation is starting to look a bit full.

10/09/2025 09:21

Emerging Companies Portfolio

The Market Matters Emerging Companies Portfolio targets small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics – Click here to view

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Market Matters Content

Portfolio Positioning: September is delivering the “wobbles” right on cue

Morning report 10/09/2025

Afternoon Report

The Match Out: ASX pulls back on bank weakness

Afternoon report 09/09/2025

Ask James ASK A QUESTION

Ask James

Question asked 06/09/2025

Peninsula Energy (PEN) equity raise

After a trading halt on 17 April, PEN is trading again after announcing an equity raise @30c on 22 Aug. The institutional offer is now complete and the retail offer at 1:1 closes on Tuesday 29 Sept. I note from your comments in Q&A last week that MM has no interest in PEN, however, if you held the stock, would you consider participating. It has been trading 10 to 20% above the offer price early in the week. My concern is the discount to the last traded price before the holt is >50%.

Ask James

Question asked 05/09/2025

Xero (XRO) and CSL Ltd (CSL) etc

Love your work and value your opinions. What’s causing the slide in prices for Xero and CSL and are they a buy at these prices? Don’t want to catch a falling knife. - John

Hey James and Team

Many thanks for your ongoing insights - we live in interesting and volatile times. With the recent Tech pullback XRO is now down over 20%

Recent reporting has been good, and I view it as a high quality stock. Its recent acquisition should help with its US expansion but the market may think otherwise ?

I would appreciate your thoughts

Many thanks - David

Hi Guys

Thanks for making yourselves available for our questions!

Why has XRO been so weak recently? many of the tech/growth stocks have come off in price but XRO has come off more. Are they expected to report poorly? I think November is their next half yearly report. Is XRO a screaming buy?

Also, if I may, a month or two back your gold stock preference was EVN and RRL. Has that changed?

Cheers - Nick

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Latest View Points

TNE

NCK

HLI

IREN US

XOM US

STO

WDS

DRO

DTEC

ARMR

ITA US

DFND

Chart of the week

S&P 500 Index

Aus. Investment blog Subscribe to blog

Google spends big on the AI future

Alphabets second-quarter profits topped estimates as parent company Google showed strong growth in its advertising and cloud computing divisions but investors were wary around increased spending on AI

Invest Direct 23/07/2025

Champion Iron (CIA) enjoys the new Iron Ore tailwind

CIA’s key asset is the Bloom Lake mining complex located in northern Quebec Canada. They acquired it in 2016 and restarted production in early 2018, currently producing around 15Mtpa of high-grade iron (+66% Fe) meaning they attract a higher price than the benchmark 62% Fe.

ASX:CIA 23/07/2025

Morning Report

Portfolio Positioning: September is delivering the “wobbles” right on cue

Morning report 10/09/2025

Afternoon Report

The Match Out: ASX pulls back on bank weakness

Afternoon report 09/09/2025

Ask James ASK A QUESTION

Ask James

Question asked 06/09/2025

Peninsula Energy (PEN) equity raise

Ask James

Question asked 05/09/2025

Xero (XRO) and CSL Ltd (CSL) etc

Love your work and value your opinions. What’s causing the slide in prices for Xero and CSL and are they a buy at these prices? Don’t want to catch a falling knife. - John

Hey James and Team

Many thanks for your ongoing insights - we live in interesting and volatile times. With the recent Tech pullback XRO is now down over 20%

Recent reporting has been good, and I view it as a high quality stock. Its recent acquisition should help with its US expansion but the market may think otherwise ?

I would appreciate your thoughts

Many thanks - David

Hi Guys

Thanks for making yourselves available for our questions!

Also, if I may, a month or two back your gold stock preference was EVN and RRL. Has that changed?

Cheers - Nick

Latest View Points

TNE

NCK

HLI

IREN US

XOM US