29metals (29M) is held by 1 ASX ETF. Over the last 3 months it rose 40.4%: on $10,000, +$4043. We explain 3 big moves in that time.
About 29M
- SectorMaterials
- IndustryMaterials
- Size$595.0m
- Held by1 ETF
- Big moves3 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −10.4%peak −11.7%2 Sep 2026· Sector Flow
29M fell sharply alongside a broad sell-off in the ASX Materials sector, which dropped over 3% on the same day.
- +7.0%peak +8.5%31 Aug 2026· Earnings Beat
29Metals shares rebounded after an initial sell-off following its HY26 half-year results, which showed a 12% revenue lift and a 148% jump in operating cash flow, attracting buyers at depressed prices.
- +10.6%peak +14.9%23 Jul 2026· Sector Flow
29Metals shares rose sharply, most likely driven by investor interest following its presentation at the Noosa Mining Conference, amplified by a broad lift in the materials sector on the same day.
Held by 1 ETF
Of every $10,000 in each fund, how much is in 29M today.
Why did 29M fall 10.4% on 2 Sep 2026?
29metals
29M fell sharply alongside a broad sell-off in the ASX Materials sector, which dropped over 3% on the same day.
There are no company-specific announcements or news items to explain the move, leaving sector-level pressure as the primary identifiable driver. The ASX Materials Index (^AXMJ) fell 3.3% on the same day — itself running at 2x its normal daily range — confirming a broad sector rotation or macro-driven sell-off in materials. However, 29M's decline of -10.4% is roughly 3x the sector's move, suggesting either amplified beta, thin liquidity, or a stock-specific factor not captured in available evidence, which keeps confidence at medium rather than high.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
Sector / macro signals
What it did to the 1 ETF holding 29M
On $10,000 in each fund, at the weight it holds today