PAN African (PAF) is held by 3 ASX ETFs. Over the last 3 months it rose 25.0%: on $10,000, +$2500. We explain 1 big move in that time.
About PAF
- IndustryClass Pend
- Size$5.3b
- Held by3 ETFs
- Big moves1 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
Held by 3 ETFs
Of every $10,000 in each fund, how much is in PAF today.
Why did PAF rise 7.6% on 21 Aug 2026?
PAN African
PAF.AX rose sharply alongside a strong broad-based rally in the ASX Materials sector, which gained over 3.4% on the day.
There are no company-specific announcements or news articles to explain the 8% move, making a stock-specific catalyst unlikely. The ASX Materials sector index (^AXMJ) posted a strong same-day gain of 3.43% — itself well above its normal daily range — with a confirmed direction match, pointing to broad sector-level buying as the primary driver. The stock's move of 8% at 4x its normal ATR suggests it is a higher-beta, lower-liquidity materials name that amplifies sector momentum, but the moderate volume ratio of 1.67x does not indicate unusual accumulation beyond what a sector tailwind would generate.
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
Sector / macro signals
What it did to the 3 ETFs holding PAF
On $10,000 in each fund, at the weight it holds today