Focus: Australia
Market Close: Mon, 05 January 2026
Daily Insights
Australian markets kicked off the new year with minimal movement, as the S&P/ASX 300 held steady and flat today. Strength in industrials and materials sectors provided some lift.
Gains in mining and energy stocks (boosted by rising base metals and some energy resilience) offset losses in technology, consumer discretionary, and retail sectors. Uranium and mining-related shares performed strongly.
Trading was subdued amid summer holidays, with focus shifting to upcoming domestic inflation data and global geopolitical tensions (including US actions in Venezuela impacting oil prices).
Overall, the market showed little directional movement to start the first full trading week of 2026.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
- OFX Group Limited (OFX:XASX) | MT-Qscore -8.9 | Pending Medium-Term Reversal positive signals on Today. | Target1: 0.58 | 13.4% | Hit Rate: 75%
- WESTPAC BANKING (WBC:XASX) | MT-Qscore -4.4 | Pending Medium-Term Reversal positive signals on Today. | Target1: 40.34 | 3.3% | Hit Rate: 71%
- Bendigo and Adelaide Bank Limited (BEN:XASX) | MT-Qscore -8.7 | Pending Medium-Term Reversal positive signals on Today. | Target1: 11.12 | 4.4% | Hit Rate: 69%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week.
Market Movements
The S&P/ASX 50 index edged down 0.1% over the last trading day, while the S&P/ASX 300 remained flat at +0.0%.
Top Gainers (1-Day)
| Ioneer Ltd (INR:XASX) | +12.5% |
| Novonix Limited (NVX:XASX) | +9.6% |
| Silex Systems Limited (SLX:XASX) | +9.4% |
Top Losers (1-Day)
| Coronado Global Resources Inc. (CRN:XASX) | -11.1% |
| Magellan Financial Group Limited (MFG:XASX) | -5.9% |
| Temple & Webster Group Ltd (TPW:XASX) | -5.8% |
Top Sector Gainers (1-Day)*
| Industrials | +1.8% |
| Materials | +1.6% |
| Energy | +1.2% |
* equal-weighted
Top Sector Losers (1-Day)*
| Communication Services | -1.4% |
| Information Technology | -1.2% |
| Consumer Discretionary | -1.1% |
Industrials and materials led today’s gains, reflecting strength in resource and infrastructure plays.
Quantmatix Success Stories
- NexGen Energy Ltd. (NXG:XASX) | 8.4% profit following a Medium-Term Reversal on Fri, 02 January 2026.
- Lotus Resources Limited (LOT:XASX) | 8.1% profit following a Medium-Term Reversal on Fri, 02 January 2026.
- Bannerman Energy Ltd (BMN:XASX) | 7.3% profit following a Medium-Term Reversal on Fri, 02 January 2026.
- Champion Iron Limited (CIA:XASX) | 4.7% profit following a Short-Term Reversal on Fri, 02 January 2026.
- SOUTH32 LTD (S32:XASX) | 3.1% profit following a Short-Term Reversal on Fri, 02 January 2026.
- Helia Group Limited (HLI:XASX) | 2.5% profit following a Medium-Term Reversal on Fri, 02 January 2026.
- Nib Holdings Limited (NHF:XASX) | 2.0% profit following a Short-Term Reversal on Fri, 02 January 2026.
- Fletcher Building Limited (FBU:XNZE) | 1.9% profit following a Short-Term Reversal on Wed, 31 December 2025.
- Pantoro Gold Limited (PNR:XASX) | 1.6% profit following a Medium-Term Reversal on Fri, 02 January 2026.
- Viva Energy Group Limited (VEA:XASX) | 1.4% profit following a Short-Term Reversal on Fri, 02 January 2026.
Disclaimer: These insights are generated using AI and are provided for informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any security. The content may be incomplete or contain errors and should not be relied upon for investment decisions. Always consult a qualified financial adviser before making financial choices.