Bravura Jumps +24% in Two Days as ASX 200 Dips on Ex-Div Heavyweights
Paper Mandate Market & Portfolio Commentary | 13 August 2026
Fund Status:
Bal Start: $1,193,983
Bought None
Sold: None
Bal End: $1,195,277
Cash: $107,175
Overnight Markets
US equities closed higher after a tame July CPI print (headline +0.1% m/m, +3.4% y/y) provided some relief on the interest rate outlook. The S&P 500 rose +0.26% and the NASDAQ rose +0.54%. Tech and growth sectors caught a bid offshore as cooling inflation pressures softened Treasury yields, though broader market gains remained somewhat constrained by ongoing Middle East geopolitical headlines.
Australian Market
The ASX200 fell -0.18% as stock specific updates weighed on the index. CBA continued to face post earnings selling, while RIO traded ex-dividend, pulling the Materials lower. TLS also saw profit taking post results. Cleanaway (CWY) was the top performer of the ASX300, jumping +15.2%. Bravura is in second place, having rallied +12.1% (that’s twice in two days).
Portfolio Commentary
The portfolio generated another good session, gaining +0.11% compared to the ASX 300 -0.17%. Top stocks were: BVS jumping another +12.1% post its earnings rally the day prior. MP1 added +4.94%, while GLF (+2.28%) and SKS (+1.67%) also added to the portfolio. On the downside: PC2 dropped -5.77% in contrast to the gold price. GDG (-3.52%), CCL (-2.21%), and EMV (-1.98%) all pulled back. Consumer discretionary names, LOV (-1.80%) and JBH (-1.16%) were also soft, still feeling the effects of the RBA rates sentiment.
Investment Activity
None
Disclaimer: This is a paper portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.