Andean Silver (ASL) is held by 1 ASX ETF. Over the last 3 months it fell 19.8%: on $10,000, −$1977. We explain 2 big moves in that time.
About ASL
- SectorMaterials
- IndustryMaterials
- Size$410.9m
- Held by1 ETF
- Big moves2 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
- −15.1%2 Sep 2026· Capital Raise
Andean Silver's stock fell sharply after announcing a A$40 million equity placement, which dilutes existing shareholders at a discount to the prevailing market price.
- +9.7%20 Aug 2026· Sector Flow
ASL.AX rose sharply alongside a broad materials sector rally, with no company-specific announcement driving the move.
Held by 1 ETF
Of every $10,000 in each fund, how much is in ASL today.
Why did ASL rise 9.7% on 20 Aug 2026?
Andean Silver
ASL.AX rose sharply alongside a broad materials sector rally, with no company-specific announcement driving the move.
The only signal present is a strong same-day move in the ASX Materials index (^AXMJ, +3.14%), which directionally matches and is above threshold, suggesting broad sector rotation or a commodity tailwind lifting materials stocks including ASL. No company announcements, news, or peer-specific signals were found to attribute the move to a stock-specific catalyst. The magnitude of ASL's move (9.72%) significantly outpaces the sector index (3.14%), which introduces some uncertainty — it is possible an undetected catalyst (e.g. a commodity price spike in a specific input metal) amplified the sector effect, but evidence is insufficient to separate this from a leveraged beta response to sector flow.
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 ASL
On $10,000 in each fund, at the weight it holds today