Bluescope (BSL) is held by 34 ASX ETFs. Over the last 3 months it fell 6.4%: on $10,000, −$641. We explain 1 big move in that time.
About BSL
- SectorMaterials
- IndustryMaterials
- Size$13.5b
- Held by34 ETFs
- Big moves1 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
Held by 34 ETFs
Of every $10,000 in each fund, how much is in BSL today.
- VSOVanguard MSCI Australian Small Companies Index ETF$2392.39%
- ALFAVanEck Australian Long Short Complex ETF$2242.24%
- SYISTATE STREET SPDR MSCI AUS SELECT HIGH DIVIDEND YIELD ETF$1881.88%
- GRNVVanEck MSCI Australian Sustainable Equity ETF$1821.82%
- OZXXGlobal X Australia ex Financials & Resources ETF$1791.79%
- OZRSTATE STREET SPDR S&P/ASX 200 RESOURCES ETF$1681.68%
- AQTYVANECK MSCI AUSTRALIAN QUALITY PLUS ETF$1601.60%
- AUMFiShares Edge MSCI Australia Multifactor ETF$1471.47%
- EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF$1391.39%
- MVOLiShares Edge MSCI Australia Minimum Volatility ETF$1371.37%
Why did BSL fall 6.5% on 20 Aug 2026?
Bluescope
BlueScope Steel fell sharply as investors sold into strong FY26 earnings and a capital return announcement, with the market concluding shares were fully valued after the post-results rally.
The news flow is unambiguously centred on BSL's FY26 results released 17 Aug, which showed a strong profit beat (US profit doubled to ~$1b, dividend declared, demerger scrapped in favour of higher payouts) — classic conditions for a 'sell the news' reaction after the initial share price advance on 19 Aug noted by Kalkine. The Simply Wall St headline explicitly questions whether shares are 'fully valued' after the earnings jump, consistent with profit-taking driving the -6.47% move. Sector signals are actually positive (Materials index up 3% same-day), ruling out sector rotation as the cause and reinforcing that this is a stock-specific event tied to the earnings release and valuation reset.
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
News coverage
Sector / macro signals
What it did to the 34 ETFs holding BSL
On $10,000 in each fund, at the weight it holds today
- VSO2.39% of the fund−$15
- ALFA2.24% of the fund−$14
- SYI1.88% of the fund−$12
- GRNV1.82% of the fund−$12
- OZXX1.79% of the fund−$12
- OZR1.68% of the fund−$11
- AQTY1.60% of the fund−$10
- AUMF1.47% of the fund−$10
- EX201.39% of the fund−$9
- MVOL1.37% of the fund−$9
The 10 that hold it most. All 34 are listed on the page under Held by.