No doubt you’ve heard that stock markets around the world, and our own ASX 200, are sharply lower over the last 24-hours. You’ve probably checked your portfolio on your favourite market news platform (this one!) and…
Dot, dot, dot.
It’s what you do next that’s important.
Some will see the sea of red and promptly close the screen. “Hmmm…I’ll check back on that later…perhaps when the market goes back up.”
If you’re reading this article, I’m guessing you’re the other type of investor. The one who wants to learn what to do about it.
Even better than what to do about it is how to prevent it from happening next time. You’ve come to the right place. Let’s investigate some of the strategies you can use to protect yourself from a market downturn, but for those who wish to go the extra step – potentially also how to profit from one.
But why? (Thanks America!)
So, what’s behind this latest tumble? A big chunk of the blame lies with the escalating Trump Trade War. With the Don back in the White House, Plan A on getting what he wants from his neighbours Canada and Mexico, and more broadly to make America great again (“MAGA”), is aggressive tariff threats.
So far, we’ve seen 25% slapped on Canada and Mexico, and an extra 10% on China. Tariffs can stymie global trade and push up the price of finished goods across the economy. Then there’s the DOGE cutbacks – the Department of Government Efficiency, a Trump-led initiative aiming to slash U.S. federal spending.
At home, Americans are growing more concerned that DOGE cutbacks will cost jobs, while tariffs will jack up prices, exacerbating cost-of-living pressures at a time when wallets are already stretched thin. We’ve all heard the saying that if the American economy sneezes, the rest of the world catches a cold!
Back home, it’s feared that Australia, with its heavy reliance on commodity exports like iron ore and coal, will also feel the heat when trade tensions flare – particularly if China’s economy gets hurt in the process. While it’s early days, the uncertainty around how these new Trump Administration policies might ripple through global demand is spooking investors. Thanks America – you voted for him!
Before you hit the panic button
Ok, let’s take a step back and put recent market volatility in context. Markets go up, markets go down – it’s the nature of the beast! First, let’s define what we’re dealing with. In market lingo, a correction is a drop of 10% or more from a recent peak. Assuming today’s loss turns out around 1%, so far, the ASX 200 is down around 5.5% from its record high set on 14-Feb when adding back dividends.
ASX 200 Total Return Index chart, daily (
for full size image)
So, not even a correction yet, but the chart above of the ASX 200 Total Return Index (just means adding back dividends to show the total performance of Aussie shares) shows the recent dip is threatening to extend past the low of the last dip back in December. If it were to do that, technical analysts like me could argue that at least the medium-term trend in Aussie stocks has turned down.
A bear market, on the other hand, kicks in at a 20% plunge. Over the last 20 years, the ASX 200 has weathered its share of both corrections and bear markets. The Global Financial Crisis (“GFC”) in 2008-09 was the big one – a brutal bear market that saw the benchmark index crater over 50% from its 2007 peak. It took one month shy of six years to claw that back. More recently, the COVID crash of March 2020 saw a 36% plunge in just weeks – the recovery that time was 14 months.
There have been several smaller corrections, perhaps the two most notable being the 2015-16 correction that occurred on the back of concerns over Chinese government and property sector debt (arguably that item is still simmering!), and in 2022 on the back of concerns over central banks “lift off” on interest rate hikes.
ASX 200 Total Return Index chart, monthly (
for full size image)
To be fair, as bad as things looked or felt on each of the above occasions, markets recovered and recovered well. It is a fact that the stock market has been one of the best tools investors have to build wealth over the long term. Having said this, what if one could avoid those inevitable bumps along the way? What if one could even profit from them?
So, what can you do about it?
When stocks start sliding, it’s natural to feel stuck. Do you sell? Do you buy? Do you switch off the screens and hide under the bed? Here are three strategies to navigate this mess to consider – ranging from hands-off to the hands-on.
1. The BHP technique
Let’s start with the option most Aussie investors adopt in times of stock market crisis: the BHP Technique. No, it’s not named after the big Australian mining company – it stands for Buy, Hold-in-Hope, Pray.
Ok, I’m kidding a little here – but I propose the BHP Technique is the default option for many of us: you’ve got your CBA, your BHP (the stock!), your Woolies, maybe even an ASX 200 ETF. When the market tanks, you grit your teeth, hold on tight, and hope things eventually turn around (perhaps you also throw in a prayer to the market gods for good measure!).
But the BHP Technique isn’t entirely a joke. For long-term investors, riding out downturns often works. The ASX 200’s recovery post-GFC and post-COVID proves it. But! I suggest it’s not for the faint-hearted – watching your portfolio bleed red day after day tests your nerves – and then there’s the inevitable regret of “Why didn’t I get out earlier?”.
My main issue with the BHP Technique is the uncertainty and pain that comes with it. Using this method, when markets tank – we’re going to get emotional – and we rarely make good investing decisions when we’re emotional. I suspect some of you can remember a time where emotions caused you to sell right at the bottom…
2. Hedging: Playing defence
The other issue I have with the BHP Technique is that it’s not difficult in modern markets to insure our portfolios against a market downturn. So, if sitting on your hands doesn’t cut it, you might look at hedging.
Hedging is a way to cushion your portfolio against a fall. Think of it like insurance: you pay a small amount now to avoid a bigger hit later. Two popular hedging tools used by Aussie investors are options and short-index ETFs.
I’ll leave the investigation of the following options strategies to your research, but these hedging strategies have been used by generations of investors to protect them from both stock-specific and portfolio-wide risk:
Buy stock specific put option (more comprehensive protection, specific to a holding, up-front cost or “premium”, time erosion works against position, risk limited to premium)
Buy ASX 200 put option (more comprehensive protection, general/portfolio-wide protection, up-front cost, time erosion works against position, risk limited to premium)
Write stock specific call option (less comprehensive protection, specific to a holding, no up-front cost (receive premium at start), time erosion works in favour position, potentially unlimited risk)
Write ASX 200 call option (less comprehensive protection, general/portfolio-wide protection, receive premium at start, time erosion works in favour position, potentially unlimited risk)
Alternatively, one can hedge by purchasing short-index ETFs. These have built into them options, futures, or other derivative instruments whose prices rise when the value of the index in question falls. For example, the price of an ASX 200 index short-ETF will rise as the value ASX 200 index falls.
Here are few examples of short-index ETFs listed on the ASX that investors may look to purchase in times of growing market uncertainty to hedge their portfolios (it’s worth checking the prices of each of these today to see how they’re performing):
BetaShares Australian Equities Bear Fund
BetaShares U.S. Equities Strong Bear Hedge Fund
Global X Ultra Short Nasdaq 100 Complex ETF
Keep in mind there are no free lunches in markets. Hedging’s not foolproof. Timing it wrong or overpaying for protection can backfire. But for those with big ASX exposure, it’s a way to sleep easier when Trump makes his next big policy announcement.
3. Be your own hedge fund: Short selling for profit
Now, let’s crank it up a notch. Why just protect yourself when you could profit from the chaos? Welcome to being your own hedge fund – using short selling to hedge risk and potentially even make a profit as stocks tank.
Short selling* is simple in theory: you borrow shares, sell them at today’s price, then buy them back cheaper later and return them, pocketing the difference.
Say back on 20-Jan, you thought a particular stock was going to be hit hard by Trump’s tariffs; let’s call this stock Santos . On 20-Jan you short sold 1,000 shares of STO at $7.29. Today, you checked your broking platform and it’s now trading at $6.09. You buy back the 1,000 STO shares (also known as “covering”) to close your short trade. Your initial credit on the 20-Jan sale was $7,290 and your debit on today’s purchase is $6,090 – meaning your short sale profit is $1,290.
Of course, there are transaction and holding costs to consider, but the bottom line is you would have made over $1,200 on STO as it plunged by more than $1 in price. Keep in mind that everyone who employed the BHP Technique on STO over the same period just lost money. Well, we tried to tell them!
The catch? Consider what would happen if STO rocketed to $10 instead, you’d have to pay substantially more to buy it back than you received at the start of the trade. The difference would be your loss. There’s no reward without risk, and the goal with short selling is to increase one’s chances of success by targeting the weakest ASX stocks. In addition, it’s prudent to also adhere to strict risk management (think capital allocation and stop-losses here) – but this could be said of any investing methodology – even for the BHP Technique!
Conclusion: Volatility’s a beast – learn how to tame it
Even the sharpest investors – from fundamentals guru Warren Buffett to technical traders like Paul Tudor Jones – can struggle when markets go haywire. But one can be sure that these legendary investors have a detailed and effective plan for how to protect their risk during market downturns, and how to profit from them.
The ASX 200 is tanking today, sure, but it’s not the first time and it certainly won’t be the last. Granted, history suggests it’ll recover eventually, and how you play it in the meantime – riding it out, hedging, or getting crafty with shorts – is up to you. Just don’t let panic take over (and please, consider stepping up your game from the BHP Technique!).
*The short selling process is handled seamlessly behind the scenes by your broker. First, you’ll need to set up a “stock borrowing facility”. Generally, this is not something discount brokers do – but you can check. Many short sellers also use derivatives like options and contracts for difference (CFDs) to go short – but I will leave the investigation of these instruments to you.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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Evening Wrap: ASX 200 slides on dividend bonanza, as BHP, Rio Tinto, Woodside Energy payouts weigh
The S&P/ASX 200 closed 46.4 points lower, down 0.57%.
The performance of gold stocks helped sneak the broader Materials (XMJ) (+0.18%), sector to a gain, but to be fair, a solid rebound in base metals and iron ore stocks helped offset ex-dividend losses from BHP Group (BHP) (-0.78%) and Rio Tinto (RIO) (-2.2%).
Gains in aluminium, copper (strong gain – see tonight’s ChartWatch below for technical analysis), lead, and zinc helped the likes of South32 (S32) (+3.7%) and Sandfire Resources (SFR) (+4.8%) to sector-leading performances.
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 upcoming economic data in tonight's Evening Wrap.
Also, I have detailed technical analysis on the NASDAQ Composite, Brent Crude Oil, and Copper in today's ChartWatch.
Let's dive in!
Today in Review
Thu 06 Mar 25, 5:01pm (AEDT)
Name
Value
% Chg
Major Indices
ASX 200
8,094.7
-0.57%
All Ords
8,326.4
-0.44%
Small Ords
3,094.4
+0.50%
All Tech
3,747.7
+0.46%
Emerging Companies
2,246.0
+0.92%
Currency
AUD/USD
0.6335
+0.00%
US Futures
S&P 500
5,844.0
-0.12%
Dow Jones
43,047.0
-0.04%
Nasdaq
20,610.75
-0.26%
Name
Value
% Chg
Sector
Materials
16,420.7
+0.18%
Communication Services
1,708.3
+0.14%
Information Technology
2,532.5
+0.10%
Real Estate
3,703.7
+0.02%
Consumer Staples
11,477.1
-0.29%
Health Care
42,961.4
-0.46%
Industrials
7,945.2
-0.61%
Financials
8,495.3
-0.86%
Consumer Discretionary
3,966.8
-1.12%
Utilities
8,740.0
-2.07%
Energy
7,891.9
-2.87%
Markets
ASX 200 Session Chart
The S&P/ASX 200 (XJO) finished 46.4 points lower at 8,094.7, 1.05% from its session high and just 0.23% from its high/low. In the broader-based S&P/ASX 300 (XKO), advancers beat decliners by 149 to 123.
It looked like yet another down day today, but it probably didn’t feel so bad when you logged into check your portfolio today.
That’s because today’s 46-point fall belies the fact that over 40 stocks went ex-dividend today, paying out tens of millions of dollars to shareholders. The passing of ownership of a company’s cash to its shareholders via a dividend must be reflected at least to some extent in a lower stock price / market capitalisation.
This inevitably translates into ASX 200 index points...and don’t forget about franking credits.
So, it looked far worse than it actually was today, and the market breadth (149⬆️ vs 123⬇️) probably tells a better story of the underlying strength across the ASX today – albeit only still very modest!
For what its worth (because nearly all sectors were impacted by dividends), the Gold (XGD) sub-index (+2.7%) was the clear standout performer today – good news for those who have chosen to follow that trend – as West African Resources (+12.0%) popped after delivering its full year results.
The performance of gold stocks helped sneak the broader Materials (XMJ) (+0.18%), sector to a gain, but to be fair, a solid rebound in base metals and iron ore stocks helped offset ex-dividend losses from BHP Group (-0.78%) and Rio Tinto (-2.2%).
Gains in aluminium, copper (strong gain – see tonight’s ChartWatch below for technical analysis), lead, and zinc helped the likes of South32 (+3.7%) and Sandfire Resources (+4.8%) to sector-leading performances. Also consider that S32 went ex-dividend $0.054 fully franked – so it actually did substantially better than its +3.7% today.
Taking the bus to Struggletown, and first stop was surprise, surprise, Energy (XEJ) (-2.9%). It wasn’t all “lower commodity prices overnight” stuff though, as much of the loss was due to sector heavyweight Woodside Energy (-4.7%) going ex-dividend.
The XEJ’s cousin, Utilities (XUJ) (-2.1%) was next-worst – but this loss was also largely sector heavyweight specific – as AGL Energy (-4.1%) sold off after a rating downgrade to equal-weight from overweight by Morgan Stanley (see Broker Moves for more details).
ChartWatch
NASDAQ Composite Index
Is that the start of the rebound? 🤔 (click here for full size image)
We’ve been covering this daily for the last week as the Comp has plunged towards the long term trend ribbon. Last night's interesting and important candle earns it another look. 👀
Like it did during August-24’s test, the price action on the Comp tipped just below the long term trend ribbon before bouncing tentatively Tuesday, and far more confidently last night.
That last, Wednesday candle with its white body and downward pointing shadow, is a bona fide demand-side candle. The fact that it also took out the previous session’s high (in addition to its corresponding higher low) sets 17956 as a point of demand.
Given 17956's position in relation to the long term trend ribbon – it means the bulls unequivocally do not want to see the Comp close below it – ever!
The supply-side is no doubt still lurking and assessing their options, but it does appear from the last candle the demand-side sees some value in the market and is therefore happy to put some capital back to work.
Great. But entire last drive lower in prices is largely irrelevant going forward.
What matters from here is confirmation.
Either:
Confirmation that the demand-side remains in control of long term price action, and the bull market is intact.
Or:
Confirmation that the supply-side has grappled control of long term price action, and the bull market is history.
In the first case, we must see:
A return to rising peaks and rising troughs (i.e., demand reinforcement and supply removal)
Closing above short and long term trend ribbons and those trend ribbons acting as areas of dynamic demand
A predominance of demand-side candles (i.e., white bodies and or downward pointing shadows).
In the second case, we must see:
A continuation of falling peaks and falling troughs (i.e., supply reinforcement and demand removal)
Closing below short and long term trend ribbons and those trend ribbons acting as areas of dynamic supply
A predominance of supply-side candles (i.e., black bodies and or upward pointing shadows).
In the first case:
✅ Back in the bull. Hooray for longs!
In the second case:
❌ Not in the bull. Either an equilibrium market where price action moves sideways for an extended period of time, or a bear market, where…well – you know what! 📉
It’s crunch time. The price action and candles over the next few days and potentially up to weeks will define the path of least resistance for the next few months and possibly beyond. Stay alert, not alarmed! Let the price action and candles guide you! 🧐
Investors over a barrel with respect to the crude oil price 🛢️ (click here for full size image)
We’ve been tracking the demise of the ASX Energy sector for some time in Evening Wraps, and via ChartWatch ASX Scans with respect to individual stocks.
Stocks like Woodside Energy Group , Santos , Whitehaven Coal , New Hope Corporation , Coronado Global Resources , Stanmore Resources , Boss Energy , Paladin Energy , Ampol , and Viva Energy Group have each regularly featured in my Downtrends lists. 📉
Followers of that list know you prefer not to see the stocks you own in it.
I am not a prognosticator, I am a trend follower, so the appearance of any stock in my uptrends or downtrends lists is neither an endorsement or a death sentence – but history demonstrates the trends I identify often continue.
One of the reasons for the XEJ’s struggles is the chart above of Brent Crude – but we’ve also covered here in ChartWatch cascading downtrends in the charts of metallurgical and thermal coal, and uranium. That’s a decent chunk of change when it comes to what the sector is best at doing.
More broadly, however, as we have noted in the past, Brent is largely rangebound between 63.06-85.04. This latest drive has placed it closer to the bottom end of that range than the top, but I also note the prevalence of a likely solid zone of demand at 67.31-68.03.
Last night’s downward pointing shadow (second from last candle as last candle is live – so discount it) suggests there is indeed some degree of excess demand down here.
As noted in the Comp analysis above, a big/fast move is interesting – sure – but confirmation is now the key. Can the demand-side confirm their tentative return commenced in yesterday’s candle with a white-bodied showing, or at the very least another downward pointing shadow (preferably a long one).
If this is the case, then a rebound towards 73.75 is possible, with some resistance likely around the last trough at 71.92.
If this is not the case, and we see continued supply-side candles, then 67.31-68.03 is likely to be more meaningfully probed. If that area goes, then we’ll likely set up a date with 65.39. There’s no point looking any further out than that. 🤔
High Grade Copper Futures (Front month, back-adjusted) COMEX
Nothing to see here...just another false start! 🚫 (I'm using reverse psychology! 🧠) (click here for full size image)
Time for some good news! Copper appears to be doing another “Hey look at me, I’m the next big thing!” move. 🤦
We’ve fallen for these in the past in ChartWatch, only to be disappointed. Does last night’s massive white candle mean this latest move has legs? (Again, discount that tiny last candle – it’s today’s live session)
For what it’s worth, I think so. That’s a nice showing from the demand-side, and it came at the perfect time and price – bouncing off the dynamic demand of the short term uptrend ribbon as well as the static 4.4355-4.5165 zone.
Of course, there’s once again the issue of 4.8775-4.9060. If last night’s demand-side price action continues, we’ll be setting up for the fourth serious test of this critical supply zone.
I like to think of each next test of a supply zone as weakening it somewhat. Usually (big usually here…) the probability of breaking through increases with each next attempt.
Again – not a prognosticator – so I don’t want to get too far ahead of myself…but let’s see how the next few candles fall. Demand-side candles right up to, or even into a supply zone, are a great indication that it’s no longer that.
Conversely, if we see the black ones, or the ones with upward pointing shadows probing the zone but ultimately demonstrating the demand-side could not hold in there – the probability of another failure increases substantially.
I think I’ve circled all the way back to: Let the price action and candles guide you! 🦮
Economy
Today
AUS Building Approvals January
+6.3% m/m actual vs -0.1% m/m forecast and +0.7% m/m in December
+14% p.a. growth driven by units (+13% m/m and whopping +41% p.a.!)
Building industry is a big employer, and building houses stimulates demand for both raw materials and household goods – so today's data is a strong sign of current economic growth – but also of likely strong growth to come
The data will weight on the RBA's next interest rate cut decision
Later this week
Friday
00:15 EUR European Central Bank (ECB) Main Refinancing Rate & Statement (2.65% forecast vs 2.9% present)
00:45 EUR ECB Press Conference
Saturday
00:30 USA Non-Farm Payroll Data February
Employment Change: +156,000 forecast vs +143,000 in January
Average Hourly Earnings: +0.3% m/m forecast vs +0.5% m/m in January
Unemployment Rate: 4.0% forecast vs 4.0% in January
Latest News
Uranium boe pdn
Boss Energy or Paladin Energy? ASX uranium sector expert views
Morning Wrap: ASX 200 set to rise as Trump tariff reprieve gives hope for more concessions
Thu 06 Mar 25, 8:46am (AEDT)
Market Wraps ad8 apx
Evening Wrap: ASX 200 dumps again as WDS, STO and Co. trade to 3-year lows, COL and WOW dividends drag
Wed 05 Mar 25, 6:03pm (AEDT)
Lithium igo ltr
PLS, MIN, IGO and LTR face “more challenging” lithium environment says Morgan Stanley
Wed 05 Mar 25, 12:03pm (AEDT)
Technical Analysis 4dx armr
ChartWatch ASX Scans: Santos, Mineral Resources, Champion Iron, Macquarie Technology, Global X Gold ETF
Wed 05 Mar 25, 9:30am (AEDT)
More News
Interesting Movers
Trading higher
+12.5% EBR Systems (EBR) - No news, rise is consistent with prevailing long term uptrend 🔎📈
+11.9% West African Resources (WAF) - WAF Delivers $246 Million NPAT for 2024, general strength across the broader Gold sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+7.8% Johns Lyng Group (JLG) - No news, possibly due to the substantially better than expected building approvals data…but grasping at straws here! 🤔
+7.6% Resolute Mining (RSG) - No news, general strength across the broader Gold sector today.
+7.3% Bellevue Gold (BGL) - No news, general strength across the broader Gold sector today.
+7.2% Orthocell (OCC) - No news, bounced in the wake of the recent sharp selloff.
+6.7% Catapult Group International (CAT) - No news, rise is consistent with prevailing short and long term uptrends 🔎📈
+6.7% Radiopharm Theranostics (RAD) - No news 🤔.
+6.6% Duxton Water (D2O) - D2O Executes $121.3M Sale of Water Entitlements.
+5.5% WA1 Resources (WA1) - No news, today's move is consistent with recent volatility.
+5.3% Myer (MYR) - No news, initiated at overweight at Morgan Stanley with a price target of $1.10.
+5.1% Firefly Metals (FFM) - No news, general strength across the broader Copper sector today.
+5.0% Droneshield (DRO) - No news 🤔.
+5.0% Capstone Copper Corp. (CSC) - No news, general strength across the broader Copper sector today.
+4.8% Sandfire Resources (SFR) - Becoming a substantial holder (Principal Global Investors), general strength across the broader Copper sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+4.7% Integral Diagnostics (IDX) - Change in Director's Interest Notice - Dr Ian Kadish and Change in Director's Interest Notice - Toby Hall (2 x on market purchases 💰💰), upgraded to buy from neutral at Citi.
+4.6% Cochlear (COH) - No news, upgraded to buy from neutral at Citi and price target raised to $300.00 from $290.00.
Trading lower
-11.5% Vulcan Energy Resources (VUL) - Response to ASX Price Query, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-9.4% Appen (APX) - No news, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down, a recent regular in ChartWatch ASX Scans Downtrends list 🔎📉
-8.3% Mesoblast (MSB) - Mesoblast Added to S&P ASX200 Index (hello short sellers! 👋), fall is consistent with prevailing short term downtrend and falling peaks and falling troughs 🔎📉
-7.5% Clinuvel Pharmaceuticals (CUV) - No news since 04-Mar CLINUVEL Unveils Vitiligo Program for AAD 2025, repelled perfectly from long term downtrend ribbon! 🔎📉
-5.7% Novonix (NVX) - No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-4.7% Woodside Energy Group (WDS) - No news, ex-div $0.831 fully franked.
-4.7% Opthea (OPT) - Continued negative response to 03-Mar Opthea Announces Phase 2b Wet AMD Publication, fall is consistent with prevailing short term downtrend and falling peaks and falling troughs 🔎📉
-4.1% AGL Energy (AGL) - No news, general weakness across the broader Utilities/Energy sectors today, downgraded to equal-weight from overweight at Morgan Stanley and price target cut to $11.88 from $12.66.
Broker Moves
29METALS (29M)
Retained at hold at Ord Minnett; Price Target: $0.320
The A2 Milk Company (A2M)
Retained at hold at Bell Potter; Price Target: $7.25
Alpha HPA (A4N)
Retained at buy at Bell Potter; Price Target: $2.00
Australian Agricultural Company (AAC)
Retained at buy at Bell Potter; Price Target: $1.950
AGL Energy (AGL)
Downgraded to equal-weight from overweight at Morgan Stanley; Price Target: $11.88 from $12.66
ARB Corporation (ARB)
Downgraded to neutral from buy at Citi; Price Target: $39.54 from $51.20
Retained at buy at Ord Minnett; Price Target: $45.00
Bega Cheese (BGA)
Retained at buy at Bell Potter; Price Target: $7.00
Bellevue Gold (BGL)
Retained at hold at Ord Minnett; Price Target: $1.350 from $1.200
BHP Group (BHP)
Retained at accumulate at Ord Minnett; Price Target: $43.00
Boss Energy (BOE)
Initiated at positive at E&P; Price Target: $3.00
Initiated at buy at Ord Minnett; Price Target: $4.85
Retained at buy at UBS; Price Target: $3.20 from $3.40
Bubs Australia (BUB)
Retained at risk at Bell Potter; Price Target: $0.155
Cobram Estate Olives (CBO)
Retained at hold at Bell Potter; Price Target: $1.950
Collins Foods (CKF)
Retained at buy at Citi; Price Target: $9.38
Capricorn Metals (CMM)
Retained at accumulate at Ord Minnett; Price Target: $9.30 from $8.10
Cochlear (COH)
Upgraded to buy from neutral at Citi; Price Target: $300.00 from $290.00
Capstone Copper Corp. (CSC)
Retained at buy at Ord Minnett; Price Target: $12.50
DGL Group (DGL)
Retained at hold at Bell Potter; Price Target: $0.480
Elders (ELD)
Retained at buy at Bell Potter; Price Target: $9.45
Emerald Resources (EMR)
Retained at sell at Ord Minnett; Price Target: $3.60 from $3.50
Graincorp (GNC)
Retained at hold at Bell Potter; Price Target: $7.45
Integral Diagnostics (IDX)
Upgraded to buy from neutral at Citi; Price Target: $2.70
Inghams Group (ING)
Retained at hold at Bell Potter; Price Target: $3.50
Ioneer (INR)
Retained at buy at Ord Minnett; Price Target: $0.300
Judo Capital (JDO)
Initiated at buy at Jarden; Price Target: $2.60
Lotus Resources (LOT)
Initiated at buy at Ord Minnett; Price Target: $0.350
Magellan Financial Group (MFG)
Retained at neutral at Macquarie; Price Target: $8.37 from $9.50
Macquarie Group (MQG)
Initiated at underweight at Jarden; Price Target: $200.00
Myer (MYR)
Initiated at overweight at Morgan Stanley; Price Target: $1.100
Newmont Corporation (NEM)
Upgraded to buy from accumulate at Ord Minnett; Price Target: $92.50 from $77.00
Noumi (NOU)
Retained at buy at Bell Potter; Price Target: $0.250
Nufarm (NUF)
Retained at buy at Bell Potter; Price Target: $4.35
Orica (ORI)
Retained at buy at Goldman Sachs; Price Target: $21.40
Paladin Energy (PDN)
Initiated at neutral at E&P; Price Target: $5.70
Initiated at buy at Ord Minnett; Price Target: $9.60
Upgraded to buy from neutral at UBS; Price Target: $9.70 from $10.00
Perseus Mining (PRU)
Retained at buy at Ord Minnett; Price Target: $3.65 from $3.30
Rural Funds Group (RFF)
Retained at buy at Bell Potter; Price Target: $2.50
Ramsay Health Care (RHC)
Retained at hold at Ord Minnett; Price Target: $37.50 from $38.60
Rio Tinto (RIO)
Retained at buy at Ord Minnett; Price Target: $132.00
Resmed Inc (RMD)
Upgraded to buy from neutral at Citi; Price Target: $44.00 from $41.00
Regis Resources (RRL)
Retained at sell at Ord Minnett; Price Target: $2.40 from $2.10
Resolute Mining (RSG)
Retained at hold at Ord Minnett; Price Target: $0.450 from $0.400
Rox Resources (RXL)
Retained at buy at Canaccord Genuity; Price Target: $0.560
South32 (S32)
Retained at buy at Ord Minnett; Price Target: $4.50 from $4.55
Select Harvests (SHV)
Retained at buy at Bell Potter; Price Target: $5.80
Synlait Milk (SM1)
Retained at hold at Bell Potter; Price Target: $0.470
Technology One (TNE)
Retained at hold at Bell Potter; Price Target: $30.50 from $29.50
West African Resources (WAF)
Retained at buy at Ord Minnett; Price Target: $2.55 from $2.00
Xero (XRO)
Retained at buy at Goldman Sachs; Price Target: $201.00
Scans
Top Gainers
Code
Company
Last
% Chg
CAG
Cape Range Ltd
$0.095
+43.94%
DDB
Dynamic Group Hol...
$0.28
+40.00%
RTG
RTG Mining Inc
$0.025
+31.58%
AUG
Augustus Minerals...
$0.043
+30.30%
TG6
TG Metals Ltd
$0.135
+28.57%
View all top gainers
Top Fallers
Code
Company
Last
% Chg
APC
APC Minerals Ltd
$0.012
-45.46%
AOF
Australian Unity ...
$0.865
-22.42%
ASQ
Australian Silica...
$0.022
-21.43%
ACU
Acumentis Group Ltd
$0.076
-20.00%
ARI
Arika Resources Ltd
$0.029
-19.44%
View all top fallers
52 Week Highs
Code
Company
Last
% Chg
EMP
Emperor Energy Ltd
$0.039
+14.71%
FRM
Farm Pride Foods Ltd
$0.22
+12.82%
AZY
Antipa Minerals Ltd
$0.40
+12.68%
WAF
West African Reso...
$2.11
+11.94%
YOJ
Yojee Ltd
$0.17
+6.25%
View all 52 week highs
52 Week Lows
Code
Company
Last
% Chg
AOF
Australian Unity ...
$0.865
-22.42%
TM1
Terra Metals Ltd
$0.021
-12.50%
WEC
White Energy Comp...
$0.028
-12.50%
CCG
Comms Group Ltd
$0.05
-10.71%
IXC
INVEX Therapeutic...
$0.06
-9.09%
View all 52 week lows
Near Highs
Code
Company
Last
% Chg
GCI
Gryphon Capital I...
$2.03
+0.50%
IHD
Ishares S&P/ASX D...
$14.30
+0.21%
BILL
Ishares Core Cash...
$100.73
+0.01%
GLDN
Ishares Physical ...
$36.55
-1.48%
MTO
Motorcycle Holdin...
$1.99
0.00%
View all near highs
Relative Strength Index (RSI) Oversold
Code
Company
Last
% Chg
STX
Strike Energy Ltd
$0.175
-2.78%
EGH
Eureka Group Hold...
$0.55
0.00%
CCR
Credit Clear Ltd
$0.245
-2.00%
XYZ
Block, Inc
$95.99
-0.76%
JPEQ
JPM US100Q EQ Pre...
$61.78
-0.52%
View all RSI oversold
Risk Warnings and Disclaimers
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Rio Tinto to invest $1.8 bln to develop Brockman mine extension in Pilbara
Investing.com-- Rio Tinto Ltd (ASX:RIO) said it will invest $1.8 billion to develop an extension to its Brockman mine project in West Pilbara, Western Australia, to further bolster its iron ore operations.
Rio Tinto (NYSE:RIO) said the project had now received all necessary state and federal government approvals, as well as approvals from indigenous groups.
“Brockman 4 produced 43 million tonnes of iron ore in 2024. Securing this project extends the life of the Brockman hub,” Rio Tinto Iron Ore CEO Simon Trott said in a statement.
The extension is called Brockman Syncline, and will have the capacity to produce up to 34 million tonnes of iron ore per annum. First ore from the project is also due in 2027, earlier than prior estimates of 2028. Construction on the project will begin later in 2025.
Rio said about 1,000 jobs will be created during construction, and the project will have a workforce of about 600 workers.
The company is the world’s biggest producer of iron ore, and is moving to ramp up production to position for a potential demand rebound in top importer China.
But Rio, along with peer BHP Group Ltd (ASX:BHP), has been grappling with a prolonged downturn in iron ore prices, amid jitters over increased U.S. trade tariffs.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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Update: Workers Union Launches Majority Petition to Demand Pay Hike from Rio Tinto
(Updates to add Rio Tinto's statement in the fourth and fifth paragraphs)
A union launched a majority petition to bargain with Rio Tinto Group and improve overall work conditions at the company's Paraburdoo operations in the Pilbara region, according to a Facebook post on March 1.
The Western Mine Workers Alliance (WMWA) launched a signature campaign in a bid to demand guaranteed pay increases, pay equity, and a fair classification structure amid the rising cost of living. The WMWA is a joint venture of the Mining and Energy Union and the Australian Workers Union.
In a Feb. 27 announcement, the Mining and Energy Union said the petition comes "after two decades of aggressive deunionization, which has resulted in inconsistent standards and conditions, without many of the protections of the east coast coal industry."
In response to MT Newswires' request for comment, a Rio Tinto spokesperson said the company's "existing approach helps drive productivity and wages growth."
"This model has delivered for our people, our business and the Australian economy, through the creation of jobs, strong and sustained wage growth, and the payment of royalties," the spokesperson added.
WMWA is also bargaining with BHP Group for an agreement related to the mining giant's South Flank and Area C operations in the Pilbara region.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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Workers Union Launches Majority Petition to Demand Pay Hike from Rio Tinto
A union launched a majority petition to bargain with Rio Tinto Group and improve overall work conditions at the company's Paraburdoo operations in the Pilbara region, according to a Facebook post on March 1.
The Western Mine Workers Alliance (WMWA) launched a signature campaign in a bid to demand guaranteed pay increases, pay equity, and a fair classification structure amid the rising cost of living. The WMWA is a joint venture of the Mining and Energy Union and the Australian Workers Union.
In a Feb. 27 announcement, the Mining and Energy Union said the petition comes "after two decades of aggressive deunionization, which has resulted in inconsistent standards and conditions, without many of the protections of the east coast coal industry."
Rio Tinto did not immediately respond to a request for comment by MT Newswires.
WMWA is also bargaining with BHP Group for an agreement related to the mining giant's South Flank and Area C operations in the Pilbara region.
Rio Tinto's shares were down over 1% in recent Tuesday trade.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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BHP Sounds Positive Tone on Australia Outlook Amid Trade Tensions — Market Talk
Australia should be optimistic, but not complacent, about the role it can play in supplying metals and minerals to the world as tariffs threaten global trade patterns, says BHP's Australia president Geraldine Slattery. "We've all watched the flurry of recent trade moves and countermoves as countries seek to shore up industrial investment and secure mineral and energy supplies," Slattery says in prepared remarks for a business summit in Sydney. "It's clear the rules of the game are changing, and the competition is fierce." Australia has many of the minerals needed to fuel the next phase of global development, she says. Slattery urges Australian business leaders and policymakers to "strengthen our competitive edge, lean into our natural strengths, and be clear on the settings and capabilities that will enable us to compete." (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
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European Equities Traded in the US as American Depositary Receipts Surge Higher in Monday Trading
European equities traded in the US as American depositary receipts kicked off the week on strong note late Monday morning, surging 1.83% higher to 1,442.61 on the S&P Europe Select ADR Index.
From continental Europe, the gainers were led by telecommunications company Nokia and biopharmaceutical company Genfit , which rose 6.3% and 6% respectively. They were followed by accommodations booking site trivago and financial services company ING Groep , which increased 5.6% and 5.3% respectively.
The decliners from continental Europe were led by biopharmaceutical company DBV Technologies and biotech firm Evaxion Biotech E, which dropped 8.5% and 6.7% respectively. They were followed by internet browser company Opera and semiconductor company Sequans Communications , which were down 2% and 1.7% respectively.
From the UK and Ireland, the gainers were led by biopharmaceutical companies Akari Therapeutics and Biodexa Pharmaceuticals B, which advanced 6.3% and 3.7% respectively. They were followed by biopharmaceutical company TC Biopharm and mining company BHP Group , which were up 3.6% and 3.1% respectively.
The decliners from the UK and Ireland were led by biopharmaceutical companies Adaptimmune Therapeutics and Bicycle Therapeutics , which fell 4% and 2.4% respectively. They were followed by biopharmaceutical companies NuCana and Verona Pharma , which lost 2.1% and 1.6% respectively.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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