Maas (MGH) is held by 8 ASX ETFs. Over the last 3 months it rose 19.7%: on $10,000, +$1966. We explain 4 big moves in that time.
About MGH
- SectorIndustrials
- IndustryCapital Goods
- Size$2.5b
- Held by8 ETFs
- Big moves4 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
- −6.1%7 Oct 2026· Operational
MGH fell sharply amid market speculation and analysis questioning the value and benefit of its Firmus stake ahead of or following the Firmus listing, creating selling pressure with no offsetting sector support.
- +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.
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 6.1% on 7 Oct 2026?
Maas
MGH fell sharply amid market speculation and analysis questioning the value and benefit of its Firmus stake ahead of or following the Firmus listing, creating selling pressure with no offsetting sector support.
Multiple Kalkine Media articles published in the 24–48 hours before the price move specifically question or scrutinise the value of MAAS Group's Firmus stake around its listing, which is the most proximate and stock-specific catalyst available. There are no company announcements, the Materials sector moved only +0.57% (far less than MGH's -6.12% decline, ruling out sector flow as a cause), and 44 industry peers had a median move of 0.00%, confirming this is idiosyncratic. The volume ratio of 1.63x and ATR multiple of 2.8x are consistent with a news-driven sentiment shift around a specific corporate event rather than passive selling.
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 8 ETFs holding MGH
On $10,000 in each fund, at the weight it holds today