ASX Top 10 Momentum Stocks — Saturday 5 September 2026

Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | September 2026

Bapcor Limited (ASX: BAP) and DXN Limited (ASX: DXN) lead this week's ASX Top 10 momentum stocks, holding the #1 and #2 positions for the week ending Saturday 5 September 2026, with quarterly gains of 106.43% and 134.29% respectively. Gold exploration and health care are this week's leading thematics, each represented by two companies — Gateway Mining (GML) and First Au (FAU) in gold exploration, AVITA Medical (AVH) and Paradigm Biopharmaceuticals (PAR) in health care. The list shows a mix of fresh breakouts (Bapcor, Synertec, Tungsten Mining) and persistent momentum leadership (DXN, Iondrive and AVITA Medical all holding consecutive Top 10 positions).

Which ASX Stocks Led the Momentum List for the Week Ending 5 September 2026?

Rank	Company	ASX Code	Quarterly Gain	Weekly Gain	Days on List	Launch Pad Entry	Gain Since Launch Pad	Thematic
1	Bapcor Limited	BAP	106.43%	22.98%	6	26	94.83%	Automotive Retail
2	DXN Limited	DXN	134.29%	10.81%	45+	23	148.48%	Technology / AI Infrastructure
3	Synertec Corporation Limited	SOP	196.15%	45.28%	44	4	45.28%	Green Industrials
4	Iondrive Limited	ION	278.95%	10.77%	45+	30	80.00%	Critical Minerals / Battery Recycling
5	AVITA Medical, Inc.	AVH	159.48%	6.74%	45+	45+	115.00%	Health Care
6	First Au Limited	FAU	25.00%	11.11%	9	41	25.00%	Gold Explorer
7	Paradigm Biopharmaceuticals Limited	PAR	68.97%	16.67%	7	32	40.00%	Health Care
8	Gateway Mining Limited	GML	86.27%	15.85%	23	45+	79.25%	Gold Explorer
9	Pivotal Metals Limited	PVT	50.00%	50.00%	39	43	61.54%	Copper / Nickel Explorer
10	Tungsten Mining NL	TGN	45.45%	14.29%	4	14	45.45%	Tungsten

Bapcor Limited (ASX: BAP) held rank #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 5 September 2026, with a quarterly gain of 106.43% and the strongest weekly move on the list at 22.98%. DXN Limited (ASX: DXN) held rank #2 for the same week, with a quarterly gain of 134.29% and 45 or more sessions on the FMP Top 30 — the longest tenure on this week's list alongside Iondrive and AVITA Medical.

Which Themes Are Driving ASX Momentum This Week?

Gold exploration is one of two leading thematics this week, carried by Gateway Mining Limited (ASX: GML, rank #8, +86.27% quarterly) and First Au Limited (ASX: FAU, rank #6). Both are Western Australian gold explorers advancing staged drilling programs rather than sitting on defined resources — Gateway's Cowza prospect confirmed fresh-rock mineralisation beneath earlier aircore results on 2 September 2026. First Au's Quarterly Gain Rank (101) sits well above every other name on this week's list (44 or below); Christopher Hall's reading is that this reflects First Au's trading volume only recently crossing the minimum-volume threshold required for full inclusion in FMP's standard quarterly-ranking population, with this week's outsized +11.11% weekly gain (Weekly Perf. Rank #26) the main driver of the move that pushed it past that threshold — an interpretation of a recurring pattern in this data, not a confirmed ASX announcement. For a deeper look at gold exploration momentum stocks, see the FMP gold explorer momentum page.

Health care is this week's second leading thematic, carried by AVITA Medical, Inc. (ASX: AVH, rank #5, +159.48% quarterly) and Paradigm Biopharmaceuticals Limited (ASX: PAR, rank #7, +68.97% quarterly). AVITA is commercial-stage, trading on its Q2 CY2026 revenue result and a regulatory reimbursement development; Paradigm is clinical-stage, with its Phase 3 osteoarthritis trial approaching an interim safety review. The persistence of health care on this list — AVITA is now on its fourth consecutive weekly reading — typically holds on dated trial or regulatory milestones rather than general sector sentiment. FMP does not yet have a live thematic hub for health care momentum stocks.

Technology and AI infrastructure is represented by DXN Limited (ASX: DXN, rank #2), which won two AI HPC modular data centre contracts in 2026 worth a combined order book of roughly A$21 million, plus an August edge-data-centre contract with Melbourne Airport. DXN's position across nine separate weekly readings has coincided with repeat contract wins rather than a single announcement.

Critical minerals and battery recycling is represented by Iondrive Limited (ASX: ION, rank #4, +278.95% quarterly — the largest quarterly gain on this week's list). Iondrive's DES recycling platform has pivoted toward rare-earth recovery, and its position is sustained by a sequence of dated production-campaign and partnership milestones rather than a single catalyst.

Green industrials is represented by Synertec Corporation Limited (ASX: SOP, rank #3, +196.15% quarterly). Synertec's momentum rests on repeat Powerhouse unit orders from an existing tier-one energy customer under a recurring-revenue Build-Own-Operate-Maintain model — an operating catalyst, not a corporate event.

Automotive retail is represented by Bapcor Limited (ASX: BAP, rank #1). Bapcor's move follows a FY26 result showing an EBITDA beat alongside a large non-cash impairment charge, reinforced by two broker notes.

Copper and nickel exploration is represented by Pivotal Metals Limited (ASX: PVT, rank #9, weekly and quarterly gains identical at 50%, consistent with a fresh single-week move). Pivotal's Quebec-based Belleterre and Horden Lake projects are approaching a scoping study and resource update respectively.

Tungsten is represented by Tungsten Mining NL (ASX: TGN, rank #10), on its first-ever FMP Top 10 appearance, following a Pre-Feasibility Study for its Mt Mulgine project released two days before this week's capture.

What Does This Week's Data Reveal About ASX Momentum Conditions?

This week's Top 10 splits five-five between fresh entrants and persistent names. Bapcor, Synertec, First Au, Pivotal Metals and Tungsten Mining are either first-time or non-consecutive appearances on the FMP momentum record, while DXN, Iondrive, AVITA Medical and Paradigm Biopharmaceuticals are returning from last week's list — Gateway Mining is on its second consecutive reading. That balance is consistent with a market mixing genuine new breakouts alongside a core of stocks holding elevated momentum on dated, repeat catalysts, rather than one where the same handful of names simply persist unchallenged.

Every company on this week's list is trading on a specific, dated catalyst rather than broad sector sentiment — a drilling result, a results release, a regulatory milestone, a study, or a contract win. Readers screening for this kind of setup on a chart will often recognise a volatility contraction pattern forming ahead of the breakout — a tightening price range on falling volume, described in Mark Minervini's momentum methodology, that frequently precedes the kind of dated-catalyst move driving this week's Top 10.

How Did the FMP Launch Pad Perform This Week?

All 10 of this week's Top 10 momentum leaders were first identified by the FMP Launch Pad before becoming momentum leaders — every row in this week's dataset carries a populated Launch Pad entry date. DXN Limited (ASX: DXN) posted the best return since Launch Pad entry at +148.48%, followed by AVITA Medical, Inc. (ASX: AVH) at +115.00% and Bapcor Limited (ASX: BAP) at +94.83%. Across all 10 companies, the average return since Launch Pad entry is +73.48%, with lead times ranging from 4 sessions (Synertec, Tungsten Mining) to 45 or more sessions (AVITA Medical, Gateway Mining). Members who had access to Thursday's Launch Pad data were positioned well before this week's Top 10 leaders became publicly visible in this article — in several cases, more than 40 trading sessions ahead.

What Did Members Receive Before This Article Published?

FMP YouTube Members received Thursday's full Top 30 momentum list and Launch Pad data at 2pm — more than 40 hours before this Saturday article published. That early access lets members see which stocks are building momentum before they reach the public Top 10, using the same proprietary momentum score and Launch Pad ranking behind this week's full ASX Top 10 momentum leaders list.

Become a YouTube Member →

For access to the full proprietary research behind this list, see the FMP Momentum Profile.

Who Writes the FMP Momentum Research?

Christopher Hall, AdvDipFP, is an Authorised Representative (AFSL 526688) who writes and publishes FMP's weekly momentum research. His analysis draws on Finer Market Points' own continuously maintained momentum record — the same proprietary dataset behind every figure in this article — applied specifically to ASX-listed companies. Christopher Hall's connection to Australian markets is direct: the FMP momentum score, the Launch Pad ranking and the weekly Top 10 list are all computed against the ASX universe, not adapted from an offshore framework.

What Are the Most Common Questions About ASX Momentum Stocks?

What are the top ASX momentum stocks this week?

For the week ending Saturday 5 September 2026, the FMP Top 10 ASX momentum stocks are led by Bapcor Limited (ASX: BAP, +106.43% quarterly) and DXN Limited (ASX: DXN, +134.29% quarterly), followed by Synertec (SOP), Iondrive (ION), AVITA Medical (AVH), First Au (FAU), Paradigm Biopharmaceuticals (PAR), Gateway Mining (GML), Pivotal Metals (PVT) and Tungsten Mining (TGN).

What is a quarterly momentum stock?

A quarterly momentum stock is a company whose share price has shown a sustained percentage gain over a rolling roughly 90-session (quarterly) window, ranked against every other ASX-listed company on the same basis. FMP's momentum score combines this quarterly performance with weekly performance and time spent on the FMP Top 30 list, rather than ranking on price gain alone.

How does FMP identify ASX momentum leaders?

FMP computes a proprietary momentum score for every ASX-listed company each trading session, incorporating quarterly and weekly performance ranks and days spent on the FMP Top 30. The FMP Launch Pad separately ranks the top 30 companies each day on a related but distinct metric, which frequently identifies a stock before it reaches the public momentum Top 10.

What is the Launch Pad list and how does it work?

The FMP Launch Pad is a daily top-30 ranking on a proprietary momentum-derived metric, distinct from the momentum Top 10 itself. A company entering the Launch Pad's top 30 is often an early signal that later shows up as a momentum Top 10 appearance — this week, all 10 Top 10 companies had a prior Launch Pad entry, with an average return since that entry of +73.48%.

How can I get the momentum list before the market opens?

FMP YouTube Members receive the full Top 30 momentum list and Launch Pad data on Thursday afternoons, more than 40 hours before each Saturday's public article. Become a YouTube Member for early access to the same proprietary data used to build this article.

Why are gold exploration and health care leading ASX momentum this week?

Gold exploration (Gateway Mining, First Au) and health care (AVITA Medical, Paradigm Biopharmaceuticals) each placed two companies in this week's Top 10, the most of any thematic. Both thematics are being driven by dated, company-specific catalysts — drilling results in gold exploration, and results releases or clinical trial milestones in health care — rather than broad sector-wide moves, which is consistent with how these thematics have historically sustained a run on the FMP momentum list.

Where Does This Article's Data Come From?

#	Source	Type
1	Christopher Hall, Finer Market Points. FMP Momentum Research, weekly Top 10 momentum dataset, captured Friday 4 September 2026 pre-close.	FMP proprietary data
2	Christopher Hall, Finer Market Points. FMP Launch Pad dataset, captured Friday 4 September 2026 pre-close.	FMP proprietary data
3	Mark Minervini. Trade Like a Stock Market Wizard (McGraw-Hill, 2013) — volatility contraction pattern methodology.	Published research

Christopher Hall's reading of this week's rotation between fresh breakouts and persistent momentum leaders is drawn from Finer Market Points' own continuously maintained momentum record: weekly readings of every ASX-listed company since 2020, ranked on the same proprietary momentum score each week and written to a time-series register, now recomputed every day for Members. That standing record is the research Finer Market Points is built on, not an impression formed after the fact. It is general educational commentary and not a recommendation to trade any security.

Remember that past performance is no guarantee of future results, and all trading involves risk.

Data note — read this before the figures. This week's dataset was captured on Friday 4 September 2026 before the market closed. The prices behind every percentage in the table are therefore intraday, not closing prices, and they will differ from Friday's close. The ranking, the thematic composition and the day counters are unaffected by that timing; the individual percentages should be read as accurate to the moment of capture rather than to any settled session.

This content is for educational purposes only and does not constitute financial advice. Past performance is no guarantee of future results.

The information, opinions and other materials appearing on this website are of a general nature only and shall not be construed as advice. 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. This is not taxation advice. Rose Bay Equities accepts no responsibility for the accuracy or completeness of the information, opinions or other materials provided on or accessible through this website. This website has not been prepared with reference to your individual financial or personal circumstances. You should not rely on any advice on this website without first seeking appropriate professional, financial and legal advice. Further, where Rose Bay Equities makes third party material available or accessible through this website you acknowledge that Rose Bay Equities is a distributor and not a publisher of that content and that its editorial control is limited to the selection of those materials to make available. We accept no liability for any loss or damages arising from use. Authors and presenters may hold positions in discussed companies and investment products.