Maas (MGH) is held by 8 ASX ETFs. Over the last year it rose 52.7%: on $10,000, +$5270. We explain 5 big moves in that time.
About MGH
- SectorIndustrials
- IndustryCapital Goods
- Size$2.5b
- Held by8 ETFs
- Big moves5 in 1Y
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +8.2%24 Sep 2026· Regulatory
Maas Group shares surged after receiving regulatory approval for a business sale, pushing the stock to a new all-time high earlier in the week and drawing continued buying interest.
- +12.7%18 Sep 2026· Regulatory
MAAS Group Holdings received FIRB approval for the sale of its CM business, clearing a key regulatory hurdle for a significant asset disposal that the market responded to positively.
- +8.1%4 Aug 2026· Sector Flow
MGH.AX rose sharply alongside a broad rally in the ASX Materials sector, which gained over 2% on the same day, lifting the stock well above its normal daily range.
- −8.4%25 Mar 2026· Earnings Miss
Shares fell amid weak growth and rising cost challenges reported by the company.
- −26.6%5 Feb 2026· Takeover / M&A
Maas Group's share price fell sharply after announcing a $1.7 billion asset sale and a pivot to AI via a $100 million investment in Firmus Technologies, which spooked investors.
Held by 8 ETFs
Of every $10,000 in each fund, how much is in MGH today.
- MVSVanEck Small Companies Masters ETF$1931.93%
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$430.43%
- ISOiShares S&P/ASX Small Ordinaries ETF$430.43%
- AUMFiShares Edge MSCI Australia Multifactor ETF$180.18%
- VSOVanguard MSCI Australian Small Companies Index ETF$130.13%
- VETHVanguard Ethically Conscious Australian Shares ETF$4.130.04%
- A300Global X Australia 300 ETF$3.950.04%
- VASVanguard Australian Shares Index ETF$2.920.03%
Why did MGH fall 26.6% on 5 Feb 2026?
Maas
Maas Group's share price fell sharply after announcing a $1.7 billion asset sale and a pivot to AI via a $100 million investment in Firmus Technologies, which spooked investors.
The news articles headline the sale of Maas's construction business for $1.7 billion and the subsequent investment in AI data center startup Firmus, with one article explicitly stating 'the market baulks at Maas Group's radical AI pivot'. Another article notes 'investors have voted' and another describes the stock crashing 24% after the deal, indicating the market's negative reaction to the strategic shift. The large price move and volume confirm a major corporate event 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
News coverage
What it did to the 8 ETFs holding MGH
On $10,000 in each fund, at the weight it holds today