Maas (MGH) is held by 8 ASX ETFs. Over the last 3 months it fell 29.4%: on $10,000, −$2944. We explain 5 big moves in that time.
About MGH
- SectorIndustrials
- IndustryCapital Goods
- Size$1.7b
- Held by8 ETFs
- Big moves5 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
- −15.1%peak −16.6%12 Oct 2026· Operational
Maas Group shares fell sharply after its investee company Firmus withdrew or repriced its ASX IPO, putting at risk over $1 billion in AI contracts that depended on the listing proceeding.
- −5.8%peak −7.4%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.
- +7.9%peak +8.7%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%peak +11.5%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 15.1% on 12 Oct 2026?
Maas
Maas Group shares fell sharply after its investee company Firmus withdrew or repriced its ASX IPO, putting at risk over $1 billion in AI contracts that depended on the listing proceeding.
Multiple credible news sources from 7–10 October 2026 consistently report that Firmus Grid withdrew or repriced its ASX IPO, directly threatening over $1.1–1.2 billion in work orders and AI contracts held by Maas Group (MGH). The sector index (Materials) actually rose +1.45% on the day and peers were essentially flat (-0.05%), ruling out any sector or macro explanation for the idiosyncratic -16% move. No company announcement was filed, but the news coverage is voluminous, consistent, and company-specific, providing high confidence that the Firmus IPO failure is the primary driver.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
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