Broken Hill (BHM) is held by 1 ASX ETF. Over the last 3 months it fell 9.7%: on $10,000, −$968. We explain 2 big moves in that time.
About BHM
- SectorMaterials
- IndustryMaterials
- Size$170.5m
- 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
- −10.1%peak −10.7%28 Aug 2026· Capital Raise
Broken Hill Mines fell sharply after announcing a fully underwritten A$90 million placement, which dilutes existing shareholders and was priced at a discount to the prevailing market price.
- +11.0%peak +14.5%17 Aug 2026· Sector Flow
BHM.AX rose sharply alongside a broad materials sector rally, with no company-specific announcement to explain the outsized move.
Held by 1 ETF
Of every $10,000 in each fund, how much is in BHM today.
Why did BHM fall 10.1% on 28 Aug 2026?
Broken Hill
Broken Hill Mines fell sharply after announcing a fully underwritten A$90 million placement, which dilutes existing shareholders and was priced at a discount to the prevailing market price.
The evidence is unambiguous — BHM released a cluster of five ASX announcements on 27 August 2026 centred on a fully underwritten A$90m equity placement, accompanied by an Appendix 3B (new securities) filing, investor presentation and teleconference. Placement-driven selloffs are a well-established market reaction as existing shareholders face dilution and the new shares are typically issued at a discount to market. The sector index (AXMJ) was slightly positive on the same day, ruling out a sector-wide or macro driver, and volume at 1.5x normal is consistent with post-halt placement selling rather than an exogenous shock.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
News coverage
Sector / macro signals
What it did to the 1 ETF holding BHM
On $10,000 in each fund, at the weight it holds today