ASX Momentum Leaders — Weekly Top 10 by Quarterly Momentum
- Christopher Hall
- Jul 21
- 8 min read
Updated: 3 days ago
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | Updated August 2026
The FMP ASX Momentum Leaders are the ten ASX-listed stocks with the strongest quarterly price momentum, ranked by a proprietary momentum score and updated on this page every week. For the week ending Saturday 8 August 2026, Iondrive (ION) holds the #1 momentum rank on a +130.43% quarterly gain while Mastermyne Group (MYE) carries the largest quarterly gain on the list at +159.52%, and clinical-stage biotechnology is the leading theme with three of the ten names — the first time healthcare has held three places here. This page always shows the current week's Top 10; the full written analysis for each week is linked below.
This Week's Top 10 ASX Momentum Leaders — Saturday 8 August 2026
Data current as of Thursday 6 August 2026, captured before the market close — the percentages below are intraday figures, not closing prices.
Rank | Company | ASX Code | Quarterly Gain | Weekly Gain | Days on List | Launch Pad Entry | Gain Since Launch Pad | Thematic |
1 | Iondrive | ION | +130.43% | +29.27% | 35 | 38 sessions | +152.38% | Battery recycling / critical minerals |
2 | Carnaby Resources | CNB | +84.21% | +19.86% | 45+ | 8 sessions | +15.89% | Copper-gold exploration (takeover) |
3 | Benz Mining | BNZ | +91.35% | +22.46% | 31 | 35 sessions | +99.00% | Gold exploration |
4 | Mastermyne Group | MYE | +159.52% | +36.25% | 35 | — | — | Underground mining services (coal) |
5 | Wisr | WZR | +42.86% | 0.00% | 7 | 23 sessions | +50.00% | Non-bank consumer lending |
6 | Nyrada | NYR | +35.14% | +35.14% | 16 | 16 sessions | +30.43% | Clinical-stage biotechnology |
7 | PYC Therapeutics | PYC | +79.66% | +26.19% | 32 | 35 sessions | +46.21% | Clinical-stage biotechnology |
8 | Neuren Pharmaceuticals | NEU | +68.39% | +25.72% | 28 | 28 sessions | +32.38% | Clinical-stage biotechnology |
9 | Hammer Metals | HMX | +122.86% | +13.04% | 45+ | 44 sessions | +52.94% | Copper-gold exploration |
10 | Alliance Aviation Services | AQZ | +30.33% | +34.83% | — | 30 sessions | +30.33% | Contract aviation services |
Launch Pad cells use an em dash where a company has no current Launch Pad entry. Day counts are trading sessions, not calendar days, and are capped at 45 in the source data — a figure shown as "45+" means at least 45 sessions. Sessions on the momentum list and sessions since Launch Pad entry are separate counters drawn from separate rankings and are not expected to agree. Figures are drawn from Finer Market Points' proprietary momentum research, captured Thursday 6 August 2026 before the close; because the capture was intraday, each percentage will differ from that session's closing figure.
Full analysis of this week's list: ASX Top 10 Momentum Stocks — Saturday 8 August 2026 — the leading themes, the standout movers, and what the week's data reveals about ASX momentum conditions.
How FMP Identifies Momentum Leaders
Finer Market Points ranks every eligible ASX stock using a proprietary momentum score built on price performance across multiple time windows, then publishes the Top 10 here each week. Because the score weighs more than one window, a stock can reach the list on strong recent acceleration even when its full-quarter return is modest. The framework also tracks how many trading sessions each stock has held momentum status, and whether it was first flagged on the FMP Launch Pad — a separate, earlier momentum-derived signal delivered to members before the public list. Momentum leadership of this kind often appears first as relative strength and tight volatility contraction patterns on the chart, well before a theme is widely discussed.
Leading Thematics This Week
Clinical-stage biotechnology is the leading theme and the first of its kind on this list, holding three of the ten leaders: PYC Therapeutics at #7 (RNA-targeted therapeutics; July 2026 milestones across its polycystic kidney disease and optic atrophy programs), Neuren Pharmaceuticals at #8 (DAYBUE / trofinetide for Rett syndrome, with a new powder formulation due to launch during 2026 and full-year results on 25 August 2026), and Nyrada at #6 (lead candidate Xolatryp, first-in-human Phase I complete and moving into a Phase 2a cardioprotection study). The most recent healthcare name to reach this list before them was INOVIQ (ASX: IIQ) in June 2026. FMP's healthcare hub will be linked here as it is published.
Copper-gold and gold exploration holds three of the ten places: Carnaby Resources at #2, carrying the re-rating from its binding scheme implementation deed with Evolution Mining signed 27 July 2026 (0.0682 Evolution shares per Carnaby share, implying A$0.77 per share, conditional and targeted to complete around mid-November 2026); Benz Mining at #3 in its third consecutive week, drilling the 100%-owned Glenburgh Gold Project in the Gascoyne; and Hammer Metals returning at #9 on a +122.86% quarterly gain, targeting Ernest Henry-style iron oxide copper-gold systems in the Mount Isa district. FMP's gold exploration hub will be linked here as it is published.
Earnings-inflection operators hold three places — established businesses re-rating on guidance and results rather than drill holes or trial data. Mastermyne Group at #4 carries the largest quarterly gain on the list at +159.52%; it is an underground mining services contractor to the coal sector across Queensland's Bowen Basin and NSW's Illawarra, and guided FY26 revenue toward the upper end of A$220–230 million in May 2026 — the broader sector context sits in the FMP coal thematic hub. Wisr at #5 reported its first cash profit, a company-defined cash NPAT of A$1.0 million for FY26 with FY27 guidance of at least A$5.0 million. Alliance Aviation Services enters at #10 after resetting its Qantas wet lease on improved pricing from 1 July 2026 while reducing the fleet flown for that customer from 30 aircraft to 23 during FY27.
Battery recycling and critical minerals holds the remaining place — Iondrive at #1 for a second consecutive week, commissioning a pilot plant for its Deep Eutectic Solvent process to recover nickel, cobalt, lithium and manganese from spent lithium-ion batteries. FMP's energy transition hub will be linked here as it is published.
Launch Pad Performance This Week
Nine of this week's ten momentum leaders carry an FMP Launch Pad entry — they were flagged on the proprietary Launch Pad before this week's public Top 10 was published. Returns since entering the Launch Pad range from +15.89% (Carnaby Resources, on a recent entry 8 sessions ago) to +152.38% (Iondrive), the standout this week; Benz Mining is second at +99.00% and Hammer Metals third at +52.94%. Across the nine leaders with Launch Pad data the average return since entry is +56.62% — the median of +46.21% is more representative — at an average of 29 trading sessions since entry. Mastermyne Group is the only name in this week's Top 10 without a current Launch Pad entry, and it carries the highest quarterly gain on the list. These figures describe historical price gains for the named stocks since they were flagged and are not a guide to future returns.
Recent Company Research
Finer Market Points publishes in-depth research on individual ASX companies that have appeared in the momentum framework.
Pengana Capital Group (ASX: PCG) — how an active investment manager earns fee revenue on third-party funds under management.
INOVIQ (ASX: IIQ) — exosome-technology cancer diagnostics and the episodic pivot behind its momentum run.
Megaport (ASX: MP1) — the network-as-a-service platform building a distributed AI inference cloud.
Resource Minerals International (ASX: RMI) — a multi-jurisdiction copper-gold explorer across Tanzania and Saudi Arabia.
Learn the Momentum Trading Methodology
The momentum leaders on this page are identified using principles drawn from Mark Minervini's SEPA methodology and William O'Neil's market-leadership research, adapted for the ASX. For the underlying framework, see what a VCP pattern is, how relative strength leads momentum, and how clusters of sister companies signal broad capital interest in a theme.
How to Access This Research Before It Publishes
Members receive Thursday's full Top 30 momentum list and Launch Pad data at 2pm — more than 40 hours before this public list updates each Saturday. That early access is where next week's leaders often appear first: the Launch Pad names that may feed future momentum leadership show up in the members' data before they reach the public Top 10. The same membership includes the Momentum Profile, the full proprietary research behind the rankings. Become a YouTube Member to receive the educational momentum data discussed here first each week.
Remember that past performance is no guarantee of future results, and all trading involves risk.
Frequently Asked Questions
What are the FMP ASX Momentum Leaders?
The FMP ASX Momentum Leaders are the ten ASX-listed stocks with the strongest quarterly price momentum, ranked each week by Finer Market Points using a proprietary momentum score. The list identifies the market's current momentum leaders across all sectors and is updated on this page every week.
How often is the ASX Momentum Leaders list updated?
The public list on this page is updated weekly, each Saturday. Finer Market Points members receive the fuller Top 30 momentum list and Launch Pad data on Thursday at 2pm — more than 40 hours before the public list updates.
What are this week's top ASX momentum stocks?
For the week ending 8 August 2026, the top ASX momentum stocks are Iondrive (ION) at #1 with a +130.43% quarterly gain, Carnaby Resources (CNB) at #2 with a +84.21% quarterly gain, and Benz Mining (BNZ) at #3 with a +91.35% quarterly gain. Mastermyne Group (MYE) at #4 carries the largest quarterly gain on the list at +159.52%. The full Top 10 also includes Wisr (WZR), Nyrada (NYR), PYC Therapeutics (PYC), Neuren Pharmaceuticals (NEU), Hammer Metals (HMX) and Alliance Aviation Services (AQZ).
What is the FMP Launch Pad and how does it work?
The FMP Launch Pad is a separate momentum-derived ranking — the daily top tier of a different momentum metric — that flags ASX companies for members before they reach the public Top 10. Each stock's sessions since Launch Pad entry and its return since entry show how long ago it was flagged and how its price has moved since.
How does Finer Market Points identify ASX momentum leaders?
Finer Market Points ranks ASX stocks using a proprietary momentum score built on price performance across multiple time windows, then publishes the Top 10 here each week. The framework also tracks how many trading sessions each stock has held momentum status and whether it first appeared on the FMP Launch Pad.
How can traders access the ASX momentum list before it is published?
Traders can access the full Top 30 momentum list and Launch Pad data by becoming a Finer Market Points YouTube member. Members receive Thursday's data at 2pm — more than 40 hours before this public list updates each Saturday — along with the Momentum Profile research behind the rankings.
Sources
# | Source | Type |
1 | FMP Momentum Research, weekly Top 10 momentum dataset, captured Thursday 6 August 2026 pre-close | FMP Proprietary Data |
2 | FMP Launch Pad, weekly Launch Pad dataset, captured Thursday 6 August 2026 pre-close | FMP Proprietary Data |
3 | Company ASX announcements and investor updates, 2026 (CNB Evolution scheme; MYE FY26 guidance; WZR FY26 result; AQZ Qantas wet-lease reset; PYC, NEU and NYR clinical program disclosures) | Company Disclosures |
4 | Finer Market Points, "What is a VCP Pattern?" (educational reference) | FMP Educational Article |
5 | Finer Market Points, "Relative Strength as a Leading Indicator for ASX Momentum Traders" (educational reference) | FMP Educational Article |
Educational Disclaimer: This content is for educational purposes only and does not constitute financial advice. Past performance is no guarantee of future results. Consider your financial situation and seek professional advice before making investment decisions.
Finer Market Points Pty Ltd, CAR 1304002, AFSL 526688, ABN 87 645 284 680. This general information is educational only and not financial advice, recommendation, forecast or solicitation. Consider your objectives, financial situation and needs before acting. Seek appropriate professional advice. We accept no liability for any loss or damages arising from use. Authors and presenters may hold positions in discussed companies and investment products.
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