Macmahon (MAH) is held by 12 ASX ETFs. Over the last 3 months it rose 14.3%: on $10,000, +$1429. We explain 3 big moves in that time.
About MAH
- SectorMaterials
- IndustryMaterials
- Size$2.4b
- Held by12 ETFs
- Big moves3 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
- +11.7%18 Sep 2026· Contract
Macmahon Holdings surged as news coverage highlighted significant expansion of its mining services and engineering business, boosting investor sentiment.
- −6.6%18 Aug 2026· Earnings Beat
Macmahon's share price fell sharply as investors sold into the FY26 record revenue and strong results announcement, a classic 'sell the news' reaction after the stock had already surged 169% over the prior year.
- +6.7%4 Aug 2026· Contract
Macmahon Holdings' stock rose on contract momentum, reaching a fresh high.
Held by 12 ETFs
Of every $10,000 in each fund, how much is in MAH today.
- MVSVanEck Small Companies Masters ETF$1941.94%
- ALFAVanEck Australian Long Short Complex ETF$760.76%
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$450.45%
- ISOiShares S&P/ASX Small Ordinaries ETF$440.44%
- AUMFiShares Edge MSCI Australia Multifactor ETF$240.24%
- VSOVanguard MSCI Australian Small Companies Index ETF$200.20%
- IESGiShares Core MSCI Australia ESG ETF$110.11%
- QOZBetaShares FTSE RAFI Australia 200 ETF$6.910.07%
- A300Global X Australia 300 ETF$4.480.04%
- VASVanguard Australian Shares Index ETF$3.680.04%
Why did MAH rise 11.7% on 18 Sep 2026?
Macmahon
Macmahon Holdings surged as news coverage highlighted significant expansion of its mining services and engineering business, boosting investor sentiment.
The only ASX announcement filed was a routine Appendix 3G (notification of unquoted securities), which is non-market-sensitive and unlikely to drive an 11.7% move. The sector tailwind is modest (Materials index up only 0.9%, well below threshold). The most temporally aligned evidence is the Kalkine headline published just before detection — 'Macmahon Holdings Expands Its Mining Services and Engineering Reach' — suggesting a contract award or business expansion update catalysed the move, though no formal ASX announcement confirming this is visible. Confidence is moderate-low because the underlying catalyst appears to be news-driven rather than confirmed by a primary ASX disclosure, and Kalkine is a promotional outlet that sometimes recycles or reframes older information.
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
News coverage
Sector / macro signals
What it did to the 12 ETFs holding MAH
On $10,000 in each fund, at the weight it holds today
- MVS1.94% of the fund+$23
- ALFA0.76% of the fund+$9
- SSO0.45% of the fund+$5
- ISO0.44% of the fund+$5
- AUMF0.24% of the fund+$3
- VSO0.20% of the fund+$2
- IESG0.11% of the fund+$1
- QOZ0.07% of the fund+$1
- A3000.04% of the fund+$1
- VAS0.04% of the fund+$0
The 10 that hold it most. All 12 are listed on the page under Held by.