Firefly Metals (FFM) is held by 20 ASX ETFs. Over the last 3 months it fell 14.6%: on $10,000, −$1458. We explain 2 big moves in that time.
About FFM
- SectorMaterials
- IndustryMaterials
- Size$1.4b
- Held by20 ETFs
- 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
- −7.1%10 Sep 2026· Capital Raise
Shares fell as investors sold following the completion of a large ~A$180-190 million equity raising, with new shares from the placement likely hitting the market and causing dilution-driven selling pressure.
- −7.7%2 Sep 2026· Capital Raise
FFM issued new shares (application for quotation plus cleansing notice), diluting existing shareholders, while a broader materials sector sell-off added further downward pressure.
Held by 20 ETFs
Of every $10,000 in each fund, how much is in FFM today.
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$440.44%
- ISOiShares S&P/ASX Small Ordinaries ETF$430.43%
- VSOVanguard MSCI Australian Small Companies Index ETF$230.23%
- OZRSTATE STREET SPDR S&P/ASX 200 RESOURCES ETF$160.16%
- QREBetaShares Australian Resources Sector ETF$160.16%
- EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF$130.13%
- IESGiShares Core MSCI Australia ESG ETF$120.12%
- VETHVanguard Ethically Conscious Australian Shares ETF$110.11%
- GEARBetaShares Geared Australian Equities Complex ETF$100.10%
- AECVBETASHARES AUSTRALIAN SHARES CATHOLIC VALUES ETF$7.450.07%
Why did FFM fall 7.7% on 2 Sep 2026?
Firefly Metals
FFM issued new shares (application for quotation plus cleansing notice), diluting existing shareholders, while a broader materials sector sell-off added further downward pressure.
The Appendix 2A (application for quotation of securities) filed the prior evening, accompanied by a Cleansing Notice, is the classic post-placement paperwork sequence — indicating FFM recently completed a capital raise and new shares are now entering the market, creating dilution pressure. This is the most direct stock-specific catalyst and aligns with the timing of the price drop. The materials sector index (^AXMJ) was also down 2.5% on the same day, amplifying the move, but the sector headwind alone (at 2.5%) is insufficient to explain the full -7.69% decline, so the capital raise is weighted as the primary driver.
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
ASX announcements
Sector / macro signals
What it did to the 20 ETFs holding FFM
On $10,000 in each fund, at the weight it holds today
- SSO0.44% of the fund−$3
- ISO0.43% of the fund−$3
- VSO0.23% of the fund−$2
- OZR0.16% of the fund−$1
- QRE0.16% of the fund−$1
- EX200.13% of the fund−$1
- IESG0.12% of the fund−$1
- VETH0.11% of the fund−$1
- GEAR0.10% of the fund−$1
- AECV0.07% of the fund−$1
The 10 that hold it most. All 20 are listed on the page under Held by.