MARKET WRAPS

Evening Wrap: ASX 200 rises as RBA Governor Bullock eases rate hike fears; consumer and tech stocks rally while gold, copper and lithium weaken

The S&P/ASX 200 closed 53.8 points higher, up 0.61%.

Lead Writer and Presenter
Tue 28 July 2026, 17:31 AEST (2h ago)
15 min read

Mentioned

In this article

The ASX 200 closed at a six-week high as RBA Governor Michele Bullock's lunchtime speech sparked a decisive repricing of August rate hike odds — her acknowledgement that housing and labour markets had softened more than expected sent the 10-year bond yield falling 5.2 basis points and unlocked broad-based buying across every rate-sensitive sector. Gold and base metals were the only casualties, tracking weaker commodity price leads in Asian trade.

Be sure to click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key economic data in tonight's Evening Wrap. Also, I have detailed technical analysis on the Nasdaq Composite and the S&P/ASX 200 in today's ChartWatch.

Let’s dive in!


Today in Review

Name
Value
% Chg
Major Indices
ASX 2008,947.8
+0.61%
All Ords9,112.0
+0.53%
Small Ords3,322.8
-0.11%
All Tech2,898.9
+1.68%
Emerging Companies2,787.7
-1.75%
Currency
AUD/USD0.6972
-0.25%
US Futures
S&P 5007,425.5
-0.31%
Dow Jones52,403.0
+0.04%
Nasdaq27,912.0
-0.99%
Name
Value
% Chg
Sector
Consumer Discretionary4,002.2
+2.68%
Communication Services1,636.3
+2.55%
Health Care26,138.5
+2.26%
Energy10,476.8
+1.60%
Consumer Staples13,337.2
+1.31%
Information Technology1,725.8
+1.20%
Real Estate3,620.4
+1.12%
Financials9,950.3
+0.92%
Industrials8,378.2
+0.43%
Utilities9,594.6
-0.06%
Materials22,973.7
-1.36%

ASX 200 Intraday Chart

ASX 200 Intraday Chart

Markets

The S&P/ASX 200 (XJO) finished 53.8 points higher at 8,947.8, 1.0% from its session low and smack–bang on its session high. In the broader-based S&P/ASX 300 (XKO) advancers beat decliners by 172 to 113.

Consumer Discretionary (XDJ) (+2.7%) was the session's strongest sector — and it earned the top spot cleanly. When the market believes the rate tightening cycle has effectively peaked, the first and most direct beneficiaries are the businesses selling goods and services that households fund from income left over after mortgage and essential spending. Lower rates mean more discretionary income.

The Bullock speech was unusually direct: demand growth has moderated, housing has softened more than expected, labour market conditions have eased. Markets read it as the RBA growing quietly confident that the job may already be done.

Guzman Y Gomez (GYG) (+7.9%), Temple & Webster (TPW) (+7.2%), Lovisa (LOV) (+6.7%), and JB Hi-Fi (JBH) (+3.3%) all surged. Web Travel (WEB) (+17.1%) surged independently after announcing a $90 million share buyback and guiding first-half EBITDA to $80–86 million, well ahead of expectations. Harvey Norman (HVN) (+2.3%) also advanced — rising despite a $35 million Federal Court fine over a misleading advertising campaign with Latitude Financial.

ASX 200 Consumer Discretionary (XDJ) intraday chart_28 Jul - Copy.png
ASX 200 Consumer Discretionary (XDJ) intraday chart

Communication Services (XTJ) (+2.6%) was the next major beneficiary, with online classified names — already highly correlated with domestic consumer confidence — responding to the rate repricing with conviction. Seek (SEK) (+6.8%), CAR Group (CAR) (+5.5%), and REA Group (REA) (+4.4%) were all strongly higher as their earnings multiples, which compress under rising rate expectations, found relief.

Health Care (XHJ) (+2.3%) caught the same lower yield tailwind — as the yield on the 10-year Australian government bond fell 5.2 basis points — the sector's long-duration earnings are more favourably priced. Cochlear (COH) (+4.7%), ResMed (RMD) (+3.4%), and CSL (CSL) (+2.7%) all advanced.

Information Technology (XIJ) (+1.2%) rallied for the same reason as healthcare — long-duration, high-P/E stocks benefit mechanically from falling risk-free rates. WiseTech Global (WTC) (+8.1%) led with its second strong consecutive session, followed by Xero (XRO) (+3.7%), Life360 (360) (+3.4%), and Technology One (TNE) (+3.3%). Interestingly, the sector's gains didn't seem to mind a brewing storm in the tech-heavy KOSPI in South Korea...

KOSPI Composite chart 28 July 2026.png
The KOSPI is about to knock your SOX off... !!!

Real Estate (XPJ) (+1.1%) is another textbook bond-proxy beneficiary — property trust income streams gain relative appeal when risk-free rates retreat. Stockland (SGP) (+2.7%), Dexus (DXS) (+2.4%), and GPT Group (GPT) (+2.2%) all firmed.

ASX 200 Financial XFJ) intraday chart_28 Jul - Copy.png
ASX 200 Financial XFJ) intraday chart

Financials (XFJ) (+0.9%) gained as the reduced probability of an August rate hike eased near-term credit quality concerns. Commonwealth Bank (CBA) (+1.5%), AMP (AMP) (+1.4%), and QBE Insurance (QBE) (+1.3%) led. Westpac (WBC) (+0.9%), ANZ (ANZ) (+0.9%), and National Australia Bank (NAB) (+0.7%) were also firmer. Note another very nice pop in the closing price juicing session! ++XJO index points! 🧃💪

Materials (XMJ) (-1.4%) was the notable laggard. COMEX copper futures fell 0.8% to US$6.33/lb despite yesterday's strong bounce — the commodity is struggling to maintain gains above key technical support — and Sandfire Resources (SFR) (-4.2%), Capstone Copper (CSC) (-3.4%), Rio Tinto (RIO) (-2.5%), and BHP (BHP) (-1.2%) all retreated.

ASX 200 Materials (XMJ) intraday chart_28 Jul.png
ASX 200 Materials (XMJ) intraday chart

The Gold Sub-Index (XGD) (-1.5%) also missed the day's rally entirely, tracking weaker precious metals' price leads in Asian trade. COMEX gold futures fell 0.8% to US$4,045.50/oz and COMEX silver futures plunged 2.3% to US$57.41/oz. Kingsgate Consolidated (KCN) (-3.3%), Black Cat Syndicate (BC8) (-3.3%), Predictive Discovery (PDI) (-3.0%), and Newmont (NEM) (-2.9%) were all lower.

Lithium stocks surrendered yesterday's tentative recovery entirely as GFEX lithium carbonate futures fell 2.5% to CNY 143,560/t, returning to the lower end of their recent trading range. Core Lithium (CXO) (-5.9%), Elevra Lithium (ELV) (-5.4%), Pilbara Minerals (PLS) (-4.9%), and Vulcan Energy Resources (VUL) (-3.0%) were all lower. In other commodities moves, NdPr rare earth prices in China fell 1.3% to CNY 755,000/t in the Asian session.

Coal stocks fell on globalCoal Newcastle Coal futures declining 2.5% to US$135.60/t — Whitehaven Coal (WHC) (-4.6%), Yancoal Australia (YAL) (-1.6%), and New Hope Corp. (NHC) (-1.7%) were all lower.

Uranium stocks extended their multi-session retreat — Bannerman Energy (BMN) (-10.2%), Boss Energy (BOE) (-4.7%), and Paladin Energy (PDN) (-4.4%) all fell. Origin Energy (ORG) (-0.1%) was essentially flat after disclosing approximately 900,000 customers had been affected by last week's data breach.

Apart from coal and uranium, the rest of the Energy (XEJ) (+1.6%) sector advanced despite ICE Brent crude futures easing a further 0.5% to US$85.43/bbl. Viva Energy (VEA) (+8.6%) surged after forecasting first-half EBITDA of $770–780 million — more than double the $305 million a year earlier — driven by a sharp lift in regional refining margins following the Iran conflict. Woodside Energy (WDS) (+2.8%) and Santos (STO) (+1.2%) were also nicely higher.


Today's best ASX Top 300 gainers

Company
Last Price
Change $
Change %
1mo %
1yr %
WEB Travel Group (WEB)$3.29+$0.48+17.1%+10.4%-28.9%
Viva Energy Group (VEA)$2.65+$0.21+8.6%+31.2%+21.0%
Wisetech Global (WTC)$34.71+$2.59+8.1%+10.0%-71.2%
Guzman Y Gomez (GYG)$23.68+$1.73+7.9%+16.8%-15.3%
SEEK (SEK)$14.06+$0.90+6.8%+11.5%-42.1%
Lovisa Holdings (LOV)$22.84+$1.44+6.7%-1.8%-31.3%
Light & Wonder Inc. (LNW)$116.86+$7.16+6.5%+5.5%-21.7%
CAR Group (CAR)$26.38+$1.38+5.5%+7.7%-30.4%
Iluka Resources (ILU)$6.13+$0.30+5.1%-11.2%+17.0%
Flight Centre Travel Group (FLT)$12.64+$0.61+5.1%+5.4%-4.4%
Abacus Group (ABG)$0.96+$0.045+4.9%-7.2%-17.2%
Cochlear (COH)$119.88+$5.38+4.7%+1.6%-62.2%
Eagers Automotive (APE)$22.59+$1.00+4.6%+5.4%+22.1%
PWR Holdings (PWH)$9.88+$0.43+4.6%+25.5%+23.5%
REA Group (REA)$162.99+$6.80+4.4%+22.1%-31.0%
Elders (ELD)$5.68+$0.23+4.2%+13.1%-21.3%
Amotiv (AOV)$6.99+$0.28+4.2%+9.7%-21.4%
Graincorp (GNC)$5.74+$0.22+4.0%+15.3%-23.5%
L1 Gold Fund (LGF)$1.97+$0.075+4.0%+10.1%-3.0%
Helia Group (HLI)$5.14+$0.19+3.8%-8.0%+4.0%

Today's worst ASX Top 300 losers

Company
Last Price
Change $
Change %
1mo %
1yr %
DroneShield (DRO)$1.805-$0.275-13.2%-20.8%-39.8%
Stanmore Resources (SMR)$2.40-$0.32-11.8%+0.4%+4.8%
Weebit Nano (WBT)$4.68-$0.62-11.7%-41.4%+120.8%
Artrya (AYA)$5.09-$0.53-9.4%-2.3%+422.1%
Sunrise Energy Metals (SRL)$14.02-$1.42-9.2%-21.4%+1068.3%
Lindian Resources (LIN)$0.77-$0.075-8.9%-16.3%+670.0%
Silex Systems (SLX)$4.50-$0.41-8.3%-16.2%-6.6%
Electro Optic Systems Holdings (EOS)$6.89-$0.56-7.5%-27.0%+122.3%
Southern Cross Electrical Engineering (SXE)$4.27-$0.32-7.0%-9.3%+143.3%
Megaport (MP1)$17.85-$1.11-5.8%-11.9%+26.1%
EQ Resources (EQR)$0.255-$0.015-5.6%-7.3%+608.3%
Elevra Lithium (ELV)$7.48-$0.43-5.4%-21.8%+116.8%
Arafura Rare Earths (ARU)$0.185-$0.01-5.1%-21.3%+2.8%
Alkane Resources (ALK)$1.305-$0.07-5.1%-10.0%+81.3%
PLS Group (PLS)$4.04-$0.21-4.9%-19.8%+137.6%
Echo IQ (EIQ)$1.27-$0.065-4.9%-20.1%+440.4%
Whitehaven Coal (WHC)$7.13-$0.34-4.5%-11.6%+7.1%
Minerals 260 (MI6)$0.635-$0.03-4.5%-25.3%+452.2%
Paladin Energy (PDN)$9.15-$0.42-4.4%-2.1%+32.4%
Sandfire Resources (SFR)$18.43-$0.81-4.2%-2.4%+67.7%

Chartwatch

Nasdaq Composite Index

Nasdaq Composite Index chart

Analysis

When I turned in for the evening last night, Comp futures were +475 points.

But as is our mantra here in ChartWatch:

How the candle starts is irrelevant — how it ends means everything.

And it didn’t end very well. Not a trainwreck, i.e., not a total supply-side-dominant performance due that modest downward pointing shadow — but far from delivering on the promise of that early futures lead.

Stuff that has changed since my last Comp update:

  • Short term trend ribbon is now 🟥 ⬇️

  • 3 supply side candles in a row — flapping about at the bottom of the recent 24980-26789 trading range

  • Volatility ⬆️ and significant (see OTR)

  • Close below both the 24980 and 25015 points of demand (at 24932)

Stuff that hasn’t changed since my last Comp update:

  • Long term trend ribbon remains 🟩⬆️

  • Long term trend ribbon continues to act as a zone of dynamic demand

  • Volume is very low — neither party appears to be engaging with respect to size

I think we mash the new/old together, we can confidently say that the trends, price action, candles, volume and volatility suggest greater supply side control in the demand-supply environment for Comp stocks.

I’m ambivalent between a 1/2RP or 1/3RP — and I’m not sure if it matters too much right here… Active traders are likely already on the move there via natural attrition of long positions, reduced new long setups appearing, and the increasing presentation of strong short setups.

As for the official call to move, I just require one supply side candle that closes sufficiently close to its low to indicate that we’re done and dusted.

For now.

Because I doubt the Comp bull market is over. Hey, it could be, whatever, we’re appropriately placed and we’ll deal with it if that occurs — simply, like olives and pits — it is in the nature of the Comp to rise in a bull market! 🫒

(You Know Who’s Plunge Protection Team is no doubt about to get tapped! 🚀)

View

I'm 1/2RP on my US portfolio ⚖️ (RP = Risk Position — it reflects my personal allowable capital allocation limit for my investments in US stocks. So 1/2RP is 50%, 2/3RP is 67% and FRP is 100%)

Key Levels

26789-27191 is the key zone of supply vs long term uptrend ribbon (presently 23642 - 24545) is the key zone of demand.


S&P/ASX 200 (XJO)

S&P/ASX 200 (XJO) chart

Analysis

To all other global stock markets: What’s all the panic about? 🤷

Oh, you don’t have our BIG, FAT, JUICED-UP banks?

Well, as my teenagers would say: Sucks to be you!

Looking at that KOSPI move (chart in Markets section above), one can't help but think there's a bit of HOT money that wants to sit somewhere COOL for a while.

And there ain't nowhere COOLER than the OTP! 🥶

But...

Look at the above chart...

And the last couple of candles... Edging towards the BARRIER of the 8984-9022 supply zone and looking like it has NO FEAR!

I feel a GLC moment coming on... Could it finally be the OTP's time to shine... To transform into the Golden Le Creuset!? 🍲🔥

One... More... Demand side candle! 🤞

View

I'm 1/2RP on my Aussie portfolio ⚖️ (i.e., my personal allowable capital allocation limit for my investments in Australian stocks is 50%).

Key Levels

8984-9022 is the key zone of supply, while demand is at 8708-8656.

(Glossary of acronyms! Old Tin Pot (OTP): S&P/ASX 200 | MOTN: More Often Than Not | FOMO: Fear Of Missing Out | HOFU: Holding On For Upside | BTD: Buy The Dip | NUTE: No Urgency To Enter | FOHO: Fear Of Holding On | STR: Sell The Rally | RP: Risk Position | FFS: Fund Flow Shenanigans!)

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Economy

Today

  • There weren't any major economic data releases in our time zone today

LATER THIS WEEK

Wednesday

  • 00:00 USA Conference Board July Consumer Confidence (92.1 forecast vs 91.2 in June)

  • 11:30 AUS June Consumer Price Index (CPI)

    • Headline: +0.2% m/m and +4.0% p.a. forecast vs -0.7% m/m and +4.0% p.a. in May

    • Trimmed Mean: +0.4% m/m forecast vs +0.4% m/m in May

Thursday

  • 04:00 USA Federal Reserve Meeting & Post Meeting Press Conference (04:30)

    • Fed Funds Rate: No change at 3.75% forecast

  • 11:30 AUS June Building Approvals (-0.5% m/m vs -1.1% m/m in May)

  • 22:30 USA June Quarter Advance GDP (+2.3% p.a. forecast vs +2.1% p.a. in March quarter)

  • 22:30 USA June Core Personal Consumption Expenditures (PCE) Index

    • PCE Index: +0.1% m/m forecast vs +0.3% m/m in May

    • Personal Income: +0.3% m/m forecast vs +0.7% m/m in May

    • ersonal Spending: +0.4% m/m forecast vs +0.7% m/m in May

Friday

  • 11:30 AUS June Producer Price Index (PPI) (wholesale inflation) (+0.3% m/m forecast vs +0.4% m/m in May)

  • 11:30 CHN Purchasing Managers Index (PMI)

    • Manufacturing: 49.9 forecast vs 50.3 previous

    • Services: 50.0 forecast vs 50.2 previous


Interesting Movers

Trading higher

  • WEB Travel Group (WEB) $3.29
    +17.1%

    Rose after it announced first-half EBITDA guidance of $80 million to $86 million, with the midpoint slightly ahead of consensus expectations; will buy back up to $90 million of its shares and expects first-half revenue to grow 11-15% in euro terms, with WebBeds’ transaction value margin improving to about 6.7% from 6.5%.

  • Viva Energy Group (VEA) $2.65
    +8.6%

    Rose after it announced it expected first-half EBITDA to jump to between $770 million and $780 million (up from $305 million a year earlier) as its Geelong Refinery margin widened and management cited a substantially improved refining margin environment; net debt scheduled to fall to about $1.7 billion from $2.1 billion.

  • Wisetech Global (WTC) $34.71
    +8.1%

    Rose on no news, performance reflected general strength in the broader technology sector (probably some short covering anxiety going on here too!).

  • Guzman Y Gomez (GYG) $23.68
    +7.9%

    Rose on no news, performance reflected general strength in the broader consumer discretionary sector.

  • SEEK (SEK) $14.06
    +6.8%

    Rose on no news, performance reflected general strength in the broader online classifieds sector.

  • Lovisa Holdings (LOV) $22.84
    +6.7%

    Rose on no news, performance reflected general strength in the broader consumer discretionary sector.

  • Light & Wonder Inc. (LNW) $116.86
    +6.5%

    Rose on no news, performance reflected general strength in the broader consumer discretionary sector.

  • CAR Group (CAR) $26.38
    +5.5%

    Rose on no news, performance reflected general strength in the broader online classifieds sector.

  • Iluka Resources (ILU) $6.13
    +5.2%

    Rose after it announced Balranald production will be lower than previously expected after commissioning took longer than planned, with continued ramp-up of ore extraction and recoveries; group zircon production guidance of about 180 kilotonnes was maintained and Eneabba rare earths refinery construction nearing 60% completion.

  • Flight Centre Travel Group (FLT) $12.64
    +5.1%

    Rose on no news, performance reflected general strength in the broader consumer discretionary sector.

  • Eagers Automotive (APE) $22.59
    +4.6%

    Rose on no news, performance reflected general strength in the broader consumer discretionary sector.

  • REA Group (REA) $162.99
    +4.4%

    Rose on no news, performance reflected general strength in the broader online classifieds sector.

  • IGO (IGO) $6.99
    +3.6%

    Rose after it announced underlying EBITDA of $286 million (below consensus of $316 million) with Kwinana delivering an EBITDA loss and Greenbushes’ realised spodumene price increasing quarter-on-quarter; resumed shareholder distributions and finished the 2026 financial year with stronger net cash and free cash flow.

Trading Lower

  • DroneShield (DRO) $1.81
    -13.2%

    Fell after it announced margins would come under pressure as sales mix, currency movements and one-off costs weighed on profitability; first-half gross margin expected to decline to 60% from 65% a year earlier, with higher contribution from third-party hardware sales and other one-off impacts. Move also reflected prevailing short and long term downtrends – DRO is a regular in the ChartWatch ASX Scans Downtrends List. 📉

  • Stanmore Resources (SMR) $2.40
    -11.8%

    Fell on no news, performance reflected general weakness in the broader coal sector.

  • Bannerman Energy (BMN) $2.91
    -10.2%

    Fell on no news, performance reflected general weakness in the broader uranium sector.

  • Lindian Resources (LIN) $0.77
    -8.9%

    Fell after it announced is was unaware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain yesterday's strong rise in its share price on heavy trading volume.

  • Silex Systems (SLX) $4.50
    -8.3%

    Fell on no news, performance reflected general weakness in the broader uranium sector.

  • Global X Semiconductor ETF (SEMI) $34.10
    -8.0%

    Fell on no news, performance reflected the sharp fall in South Korea's tech-heavy KOSPI index today.

  • Elevra Lithium (ELV) $7.48
    -5.4%

    Fell after it announced its June quarter activity report noting NAL process plant utilisation remained high at 92% and spodumene concentrate production increased 15% QoQ to 54,479 dmt at an average grade of 5.0%.

  • Whitehaven Coal (WHC) $7.13
    -4.6%

    Fell after it announced managed ROM coal production of 40.3 million tonnes and sales of 32.7 million tonnes (top end of previous guidance), with unit costs and capital expenditure at the lower end of forecasts and a strong June quarter recovery noted.

  • Paladin Energy (PDN) $9.15
    -4.4%

    Fell on no news, performance reflected general weakness in the broader uranium sector.


Broker Moves

Company
Broker
Action
Rating
Price Target
A2MThe a2 Milk Company
Morgan StanleyRetained
Overweight
$9.00
A4NAlpha HPA
Bell PotterRetained
Speculative Buy
$1.50
AARAstral Resources NL
Shaw and PartnersRetained
Buy
$0.30
AGLAGL Energy
Morgan StanleyRetained
Underweight
$9.28
AL3AML3D
Bell PotterRetained
Speculative Buy
$0.35
Shaw and PartnersRetained
Buy
$0.30
ALLAristocrat Leisure
MacquarieRetained
Outperform
$65.00
ALQALS
JPMorganUpgraded
Overweight
$26.10
ALXAtlas Arteria
Morgan StanleyRetained
Equal Weight
$4.91
ANZANZ Group Holdings
MacquarieRetained
Neutral
$32.50
AX1Accent Group
Morgan StanleyRetained
Equal Weight
$0.75
AZJAurizon Holdings
Morgan StanleyRetained
Underweight
$3.51
BENBendigo and Adelaide Bank
MacquarieRetained
Underperform
$9.00
BGABega Cheese
Morgan StanleyRetained
Overweight
$6.70
BMNBannerman Energy
Argonaut SecuritiesRetained
Speculative Buy
$5.50
Euroz HartleysRetained
Speculative Buy
$5.50
MacquarieRetained
Outperform
$5.00
BOQBank of Queensland
MacquarieRetained
Underperform
$5.25
BRGBreville Group
Morgan StanleyRetained
Overweight
$38.20
BXBBrambles
UBSRetained
Buy
$24.30
CARCAR Group
Morgan StanleyRetained
Overweight
$32.00
CBACommonwealth Bank of Australia
MacquarieRetained
Underperform
$111.00
CCRCredit Clear
Shaw and PartnersRetained
Buy
$0.40
CHCCharter Hall Group
Morgan StanleyRetained
Overweight
$26.89
CKFCollins Foods
Morgan StanleyRetained
Equal Weight
$9.10
CMMCapricorn Metals
Goldman SachsRetained
Neutral
$17.10
JardenRetained
Buy
$16.50
JPMorganRetained
Overweight
$18.30
MacquarieRetained
Outperform
$16.30
UBSRetained
Buy
$17.00
CNICenturia Capital Group
UBSUpgraded
Buy
$2.11
COLColes Group
Morgan StanleyRetained
Overweight
$25.00
CQRCharter Hall Retail REIT
UBSUpgraded
Buy
$4.30
DMPDomino's Pizza Enterprises
Morgan StanleyRetained
Underweight
$14.80
DXSDexus
CitiRetained
Neutral
$6.50
EDVEndeavour Group
Morgan StanleyRetained
Underweight
$3.00
EOSElectro Optic Systems Holdings
Bell PotterRetained
Buy
$12.60
Ord MinnettRetained
Speculative Buy
$11.75
EQREQ Resources
Canaccord GenuityRetained
Buy
$0.50
EVNEvolution Mining
CitiRetained
Neutral
$15.00
CLSARetained
Outperform
$18.95
MacquarieRetained
Neutral
$11.50
RBC Capital MarketsRetained
Sector Perform
$11.50
GYGGuzman Y Gomez
Morgan StanleyRetained
Overweight
$26.30
HDNHomeCo Daily Needs REIT
UBSDowngraded
Neutral
$1.35
HVNHarvey Norman Holdings
Morgan StanleyRetained
Equal Weight
$4.70
IELIDP Education
Morgan StanleyRetained
Equal Weight
$2.50
IMRImricor Medical Systems Inc
MorgansRetained
Speculative Buy
$2.94
JBHJB Hi-Fi
Morgan StanleyRetained
Underweight
$66.50
JDOJudo Capital Holdings
MacquarieRetained
Outperform
$1.55
LNWLight & Wonder Inc.
MacquarieRetained
Outperform
$200.00
LOTLotus Resources
MacquarieDowngraded
Neutral
$0.25
LOVLovisa Holdings
Morgan StanleyRetained
Overweight
$32.50
MLXMetals X
Ord MinnettRetained
Buy
$2.00
MMAMaronan Metals
Bell PotterInitiated
Speculative Buy
$0.76
MTSMetcash
Morgan StanleyRetained
Equal Weight
$3.30
NABNational Australia Bank
MacquarieRetained
Neutral
$39.00
NXTNEXTDC
Morgan StanleyRetained
Overweight
$18.00
ORGOrigin Energy
Morgan StanleyRetained
Underweight
$10.35
PMVPremier Investments
Morgan StanleyRetained
Overweight
$15.90
PWHPWR Holdings
E&PUpgraded
Positive
$10.80
REAREA Group
Morgan StanleyRetained
Overweight
$230.00
RGNRegion Group
UBSDowngraded
Neutral
$2.45
SEKSEEK
Morgan StanleyRetained
Overweight
$21.00
SFRSandfire Resources
MorgansDowngraded
Accumulate
$22.00
Ord MinnettRetained
Accumulate
$19.20
SIGSigma Healthcare
Morgan StanleyRetained
Overweight
$3.30
SMISantana Minerals
Bell PotterRetained
Speculative Buy
$1.70
SMRStanmore Resources
MorgansDowngraded
Hold
$2.80
Ord MinnettRetained
Buy
$3.90
SNTSyntara
Bell PotterRetained
Speculative Buy
$0.06
SULSuper Retail Group
Morgan StanleyRetained
Underweight
$11.20
TCLTransurban Group
Morgan StanleyRetained
Equal Weight
$14.68
TLSTelstra Group
Morgan StanleyRetained
Overweight
$5.30
TPWTemple & Webster Group
Morgan StanleyRetained
Overweight
$8.00
TWETreasury Wine Estates
Morgan StanleyRetained
Equal Weight
$5.10
VMMViridis Mining and Minerals
Ord MinnettRetained
Speculative Buy
$4.70
WBCWestpac Banking Corporation
MacquarieRetained
Underperform
$30.00
WESWesfarmers
Morgan StanleyRetained
Underweight
$79.00
WGXWestgold Resources
Ord MinnettRetained
Buy
$7.45
WOWWoolworths Group
Goldman SachsDowngraded
Neutral
$37.00
Morgan StanleyRetained
Equal Weight
$37.60
WRKwrkr
Bell PotterRetained
Speculative Buy
$0.12
XROXero
RBC Capital MarketsDowngraded
Sector Perform
$85.00

Scans

Top Gainers

Code
Company
Last
% Chg
LOTLotus Resources Ltd$0.315+26.00%
TG1Techgen Metals Ltd$0.03+25.00%
NOXNoxopharm Ltd$0.10+21.95%
WZRWisr Ltd$0.028+21.74%
SPLRStarpharma Holdings Ltd$0.12+20.00%
View all top gainers

Top Fallers

Code
Company
Last
% Chg
CCECarnegie Clean Energy Ltd$0.24-28.36%
KEYKEY Petroleum Ltd$0.095-24.00%
OM1Omnia Metals Group Ltd$0.011-21.43%
WRXWestern Ridge Resources Ltd$0.019-20.83%
DTZDOTZ Nano Ltd$0.023-17.86%
View all top fallers

52 Week Highs

Code
Company
Last
% Chg
CXUCauldron Energy Ltd$0.155+6.90%
BNZBENZ Mining Corp$3.55+3.50%
CTSCeretas Ltd$0.60+2.56%
BFGBell Financial Group Ltd$1.59+1.60%
CVWClearview Wealth Ltd$0.65+0.78%
View all 52 week highs

52 Week Lows

Code
Company
Last
% Chg
OM1Omnia Metals Group Ltd$0.011-21.43%
DTZDOTZ Nano Ltd$0.023-17.86%
IAMIncome Asset Management Group Ltd$0.014-17.65%
RLFRLF Agtech Ltd$0.028-17.65%
MTMMetallium Ltd$0.31-11.43%
View all 52 week lows

Near Highs

Code
Company
Last
% Chg
GLPRiShares Ftse GBL Property Ex Aus (Aud Hedged) ETF$29.88+0.20%
RHCRamsay Health Care Ltd$43.40+2.02%
OZBDBetashares Australian Composite Bond ETF$43.78+0.16%
AN3PIAustralia and New Zealand Banking Group Ltd$102.95+0.15%
WVOLiShares MSCI World Ex Aust Minimum Volatility ETF$45.65+0.46%
View all near highs

Relative Strength Index (RSI) Oversold

Code
Company
Last
% Chg
CCRCredit Clear Ltd$0.11-4.35%
CBOCobram Estate Olives Ltd$3.20-1.54%
PENPeninsula Energy Ltd$0.235-4.08%
NVXNovonix Ltd$0.135-6.90%
EOLEnergy One Ltd$10.28-4.73%
View all RSI oversold

ABOUT THE AUTHOR

Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

28/07/2026