Megaport Bucks Tech Sell-off & Woodside Rises +3.2% with Energy Sector.

Paper Mandate Market & Portfolio Commentary | 8 July 2026

Fund Status:

• Bal Start: $1,156,002

• Bought None

• Sold: None

• Bal End: $1,142,535

• Cash: $140,905

Overnight Markets

Markets overnight unfortunately had to contend with renewed tensions in the Middle East after a series of strikes exchanged between the US and Iran. WTI prices spiked (+5.76%) and led the Energy sector higher (+3.02%). Interestingly, Healthcare, both equipment and biotech, rallied +1.55%. The sector has been catching a bid recently. Technology, on the other hand, fell -1.62% and yet Software (as a sub-sector) rose +0.21%. The semiconductor names, however, drove the losses with Micron (-4.7%), AMD (-6.5%) and Intel (-9.6%) all down.

Australian Market

The ASX ended down -0.21%. Energy rocketed up +3.26% led by large cap names WDS (+3..22%) and Santos (+5.78%). While Financials, our largest sector, was up +0.65%, it was completely outweighed by the second largest sector, Materials, dragging the index down -2.00%.

Portfolio Commentary

The portfolio mirrored the benchmark’s sell-off, falling -1.16%. The primary drag on performance was a fall in gold and material names; Chrysos (-7.3%), Ora Banda (-4.4%) along with SRG (-4.9%). Despite the heavy selling in Tech, Megaport (+0.7%) bucked the trend. Unsurprisingly, WDS (+3.2%) was the largest stock performer given the spike in oil prices and the energy sector.

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.