Firefly Metals (FFM) is held by 20 ASX ETFs. Over the last 3 months it fell 15.5%: on $10,000, −$1546. 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 7.1% on 10 Sep 2026?
Firefly Metals
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.
The ASX announcement on 9 September of a 'cessation of securities' notice — typically issued when placement shares are formally cancelled or allotted into the market — coincides with the price drop on 10 September, consistent with post-raise dilution selling as new placement shares become tradeable. The equity raise (~A$180-190m) was announced and completed in early September, and a Kalkine article from 9 September specifically noted FFM shares were 'lagging copper,' suggesting the market was digesting the dilutive overhang rather than reacting to commodity weakness. The sector signal (^AXMJ down only -0.46%, well below the stock's -7.12% move) confirms this is stock-specific rather than a broad materials sector rotation.
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 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.