ASX July Winners: ASX 200 rose 2.36pc in July as healthcare rebounds 9pc
Health care had a dose of good medicine, rebounding 9% to be best performing sector for month
Santa Fe Minerals jumps 739% in July after executing deal to acquire Eburnea project in Côte d'Ivoire
The start of FY26 was a solid month for the ASX which followed global equity markets higher in July, buoyed by easing inflation, strong corporate earnings and renewed investor confidence that central banks may soften their monetary policies.
The S&P/ASX 200 in Australia closed just below its recent all time high, achieving a 2.36% monthly return with all indices in the black, according to S&P Dow Jones Indices (S&P DJI).
Inflation falls fuelling optimism of August rate cut
In Australia, the June quarter inflation data came in below expectations, reinforcing hopes that the Reserve Bank of Australia (RBA) may further ease interest rates from 3.85% at its August meeting.
Figures released by the Australian Bureau of Statistics at the end of July showed CPI inflation fell to 2.1% in the June quarter, down from 3.8% in June 2024.
Globally, optimism grew as US inflation also showed signs of cooling. The Federal Reserve kept interest rates on hold, however, markets have increasingly priced in potential cuts in 2025, supporting a broad rally in US equities.
There was renewed enthusiasm around AI buoyed by tech-heavy Magnificent Seven where earnings results broadly beat expectations.
The S&P 500 rose 2.2% in July, marking its third consecutive month of gains. The tech-heavy Nasdaq Composite added 3.7% for the month, its fourth straight monthly increase. The Dow Jones Industrial Average edged up just 0.1% to maintain its third month of a winning streak.
In China, economic concerns were tempered by fresh stimulus hopes, helping shore up broader investor confidence across Asia-Pacific markets.
Healthcare finally catches a bid, leading gainers up 9% in July
Ten of the 11 sectors rose in July. Long-suffering healthcare, which remains the worst performer YTD, rose 9.05% to lead the gainers in July, much to the delight of Morgan's senior healthcare analyst Scott Power.
Commodities also played a role in supporting local markets with iron ore, gold and copper prices all rebounding through the month, providing a lift for the heavyweight materials sector, which rose 4.07%. Energy prices also stabilised, offering a tailwind for oil and gas stocks with the sector, rising 5.71%.
Financials was the only sector in the red in July, falling 1.02% hit by delayed rate-cut expectations, stretched valuations and investor profit-taking after a strong run.
Equity volatility falls in mixed month for fixed income
Equity volatility decreased, reflecting positive market sentiment with the S&P/ASX 200 VIX closing near its YTD low of around 10, while the S&P 500's VIX fell to a 15 handle, according to S&P DJI. Fixed income indices showed mixed results.
The 50 best performing ASX stocks in July
CODE COMPANY LAST SHARE PRICE JULY RETURN % MARKET CAP
IS3 I Synergy Group Ltd 0.011 1000% $18,769,299
SFM Santa Fe Minerals 0.26 739% $18,932,885
FAL Falcon Metals 0.49 216% $87,003,080
RPG Raptis Group Limited 0.19 202% $66,630,122
OKJ Oakajee Corp Ltd 0.058 190% $5,303,870
PAB Patrys Limited 0.002 182% $4,731,620
LDX Lumos Diagnostics 0.073 170% $54,642,181
NSB Neuroscientific 0.235 170% $78,155,291
REY REY Resources Ltd 0.027 170% $5,712,144
BCA Black Canyon Limited 0.3225 169% $42,883,795
NHE Noble Helium 0.05 163% $29,976,250
ASN Anson Resources Ltd 0.12 161% $166,408,385
ALR Altair Minerals 0.005 150% $21,483,721
PLG Pearl Gull Iron 0.015 150% $3,068,127
DY6 DY6 Metals 0.26 136% $23,759,499
VMM Viridis Mining 1.11 136% $95,704,572
KPO Kalina Power Limited 0.0115 130% $33,729,451
EWC Energy World Corporation 0.048 129% $147,788,220
CMG Critical Mineral Group 0.18 125% $16,297,985
PEC Perpetual Resources 0.027 125% $23,577,162
CUF Cufe Ltd 0.011 120% $14,812,324
MPA Mad Paws 0.135 118% $54,842,705
G50 G50 Corp Ltd 0.29 115% $46,573,321
NXS Next Science Limited 0.14 109% $40,967,551
I88 Infini Resources Ltd 0.17 105% $8,902,903
CMB Cambium Bio Limited 0.425 102% $7,770,133
HCT Holista CollTech Ltd 0.099 102% $33,169,816
AOA Ausmon Resorces 0.002 100% $2,622,427
AS2 Askari Metalsl 0.011 100% $4,445,878
CR9 Corellares 0.004 100% $4,029,079
CT1 Constellation Tech 0.002 100% $2,949,467
GLL Galilee Energy Ltd 0.011 100% $7,779,122
QXR Qx Resources Limited 0.004 100% $5,241,315
WEL Winchester Energy 0.002 100% $2,726,038
PUA Peak Minerals Ltd 0.063 97% $183,161,241
NOX Noxopharm Limited 0.105 94% $30,684,985
EVG Evion Group NL 0.033 94% $14,352,359
AUG Augustus Minerals 0.042 91% $7,137,750
BHM Broken Hill Mines 0.4 90% $43,037,158
PPK PPK Group Limited 0.615 89% $55,849,686
BDG Black Dragon Gold 0.086 87% $27,345,081
LAT Latitude 66 Limited 0.043 87% $6,166,230
DVL Dorsavi Ltd 0.028 87% $25,513,515
FTI Fortifai Ltd 0.14 87% $20,536,301
AIV Activex Limited 0.013 86% $2,801,534
ICR Intelicare Holdings 0.013 86% $6,320,446
TOU Tlou Energy Ltd 0.024 85% $31,166,024
RRR Revolver Resources 0.057 84% $15,747,633
PGD Peregrine Gold 0.275 83% $23,333,129
NVQ Noviqtech Limited 0.042 83% $10,564,535
Affiliate marketing platform, iSynergy Group (ASX:IS3) rocketed 1000% higher in July after a series of announcements, including that it inked a non-binding memorandum of understanding (MOU) with Malaysian-based technology solutions provider Treasure Global Inc (Nasdaq:TGL) "to explore a proposed strategic collaboration focused on artificial intelligence (AI) infrastructure development".
The MOU outlines a preliminary deal between IS3 and for the sale and purchase of advanced AI-based GPUs, as well as potential joint initiatives to design, develop, and deploy AI cloud infrastructure in Malaysia.
Santa Fe Minerals (ASX:SFM) jumped 739% in July to a three-year high of 26 cents after executing a deal to acquire the Eburnea project in Côte d'Ivoire from Turaco Gold (ASX:TCG).
Binding share purchase agreements will give SFM 100% of the Satama permit covering 168.7km2 and up to 90% of the Bouake North application covering 380.8km2 once granted.
Satama has delivered encouraging results, including 26m at 4.82g/t gold, and lies on a 2km mineralised zone with strong potential for growth, supported by geophysical and historical data pointing to multiple repeat parallel zones.
Pet stock Mad Paws (ASX:MPA) rose 118% in July after inking a $62 million takeover deal with US pet care giant Rover, with shareholders set to receive 14 cents a share in cash, an 87% premium to its last closing price.
As part of the deal, MPA will offloading its Pet Chemist business to VetPartners for around $13m and shut down its Sash and Waggly brands. The board's backing the deal, and so are major holders.
The 50 worst performing ASX stocks in July
CODE COMPANY LAST SHARE PRICE JUNE RETURN % MARKET CAP
AQC Auspaccoal Ltd 0.009 -84% $6,304,208
CDE Codeifai Limited 0.02 -71% $9,438,019
BOE Boss Energy Ltd 1.74 -63% $721,963,429
MHK Metalhawk 0.17 -59% $20,976,736
LOC Locate Technologies 0.087 -59% $20,460,167
BYH Bryah Resources Ltd 0.005 -58% $5,142,663
BOT Botanix Pharma Ltd 0.15 -53% $294,168,996
1TT Thrive Tribe Tech 0.01 -50% $1,015,864
PNT Panther Metals 0.009 -44% $2,708,141
RIM Rimfire Pacific 0.014 -42% $35,362,515
SMM Somerset Minerals 0.014 -42% $9,031,127
CGR CGN Resourcesl 0.048 -40% $4,357,353
IMU Imugene Limited 0.27 -39% $77,894,281
LIC Lifestyle Communities 4.44 -37% $540,525,840
AUZ Australian Mines Ltd 0.007 -36% $11,977,085
MPP Metro Performance Glass 0.042 -36% $7,785,880
VIG Victor Group Hldgs 0.049 -36% $31,959,107
ZMI Zinc of Ireland NL 0.007 -36% $4,074,075
CYQ Cycliq Group Ltd 0.002 -33% $921,033
ECT Env Clean Tech 0.002 -33% $8,030,871
EEL Enrg Elements Ltd 0.001 -33% $3,253,779
IVT Inventis Limited 0.01 -33% $764,244
AR9 Archtis Limited 0.155 -33% $52,584,833
UBI Universal Biosensors 0.024 -31% $7,153,618
UCM Uscom Limited 0.011 -31% $2,861,618
R8R Regener8 Resources NL 0.093 -31% $3,032,033
HMC HMC Capital Limited 3.59 -30% $1,481,290,474
VHL Vitasora Health Ltd 0.028 -28% $48,119,228
AQD Ausquest Limited 0.043 -27% $59,877,115
NMR Native Mineral Resources 0.135 -27% $132,118,024
HYT Hyterra Ltd 0.019 -27% $31,686,448
KAI Kairos Minerals Ltd 0.022 -27% $57,880,068
AII Almonty Industries 5.32 -27% $61,497,955
REM Remsense Tchnologies 0.034 -26% $5,685,956
BB1 Blinklab Limited 0.43 -25% $37,522,297
AM5 Antares Metals 0.006 -25% $3,089,117
CHM Chimeric Therapeutic 0.003 -25% $9,747,370
EDEDA Eden Innovations 0.03 -25% $6,164,822
KLR Kaili Resources Ltd 0.006 -25% $884,402
M4M Macro Metals Limited 0.006 -25% $23,864,505
NIM Nimy Resources 0.06 -25% $14,428,847
RGL Rivers Gold 0.003 -25% $5,051,138
RLG Roolife Group Ltd 0.003 -25% $4,778,344
WFL Wellfully Limited 0.003 -25% $1,478,832
ESR Estrella Res Ltd 0.039 -25% $80,194,018
SX2 Southgold Consol 5.42 -25% $764,254,889
AGR Aguia Res Ltd 0.025 -24% $36,981,833
GEM G8 Education Limited 0.9 -24% $694,402,880
QEM QEM Limited 0.029 -24% $6,855,610
CTT Cettire 0.26 -24% $99,121,937
VTX Vertexmin 0.195 -24% $42,920,366
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