ASX Top 10 Momentum Stocks — Saturday 3 October 2026
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | October 2026
Arrow Minerals (ASX: AMD) leads the FMP Top 10 for the week ending 3 October 2026, topping the list with a momentum score of 0.7048 on a +1,300% quarterly gain, ahead of BOA Resources (ASX: BOA) at #2 on +153.85% quarterly and a +50% weekly move. Western Australian exploration names dominate the breadth of the list — four of this week's ten companies hold WA ground — while lithium, copper and gold exploration all place multiple names in the Top 10 alongside a cluster of non-resource momentum names. The list shows substantial rotation this week: five of the ten companies — BOA Resources, Micro-X, Global Lithium Resources, Elementos and Codan — are appearing in the published FMP Top 10 for the first time.
Which ASX Stocks Led the Momentum List for the Week Ending 3 October 2026?
Arrow Minerals Limited (ASX: AMD) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 3 October 2026, with a quarterly gain of +1,300% and a weekly gain of +7.69%. The table below sets out all ten names.
Rank | Company | ASX Code | Quarterly Gain | Weekly Gain | Days on List | Launch Pad Entry | Gain Since Launch Pad | Thematic |
1 | Arrow Minerals | AMD | +1,300.00% | +7.69% | 42 | 42 | +600.00% | Iron Ore / Copper / Bauxite |
2 | BOA Resources | BOA | +153.85% | +50.00% | 12 | 37 | +179.66% | Copper / Lithium |
3 | Micro-X | MX1 | +58.33% | +39.02% | 6 | 8 | +128.00% | Radiology / Imaging |
4 | DXN | DXN | +194.74% | +20.43% | 44 | 42 | +239.39% | AI Data Centres / Cloud |
5 | Global Lithium Resources | GL1 | +124.32% | −3.24% | 37 | 36 | +28.18% | Lithium |
6 | Elementos | ELT | +36.71% | +28.57% | 3 | 15 | +40.26% | Tin Exploration |
7 | Synertec | SOP | +206.25% | −6.67% | 45+ | — | — | Industrials / Clean Energy |
8 | Codan | CDA | +50.39% | +25.42% | 2 | 33 | +47.63% | Defence Electronics |
9 | Brightstar Resources | BTR | +96.34% | +22.28% | 40 | 43 | +96.34% | Gold Exploration |
10 | AVITA Medical | AVH | +139.29% | +9.12% | 38 | 38 | +65.02% | Medical Devices |
Which Themes Are Driving ASX Momentum This Week?
Lithium and battery metals. BOA Resources (ASX: BOA, #2) and Global Lithium Resources (ASX: GL1, #5) both represent the lithium thematic this week, though for different reasons — BOA is a fresh entrant on a sharp weekly move, while GL1's place is held by quarterly persistence despite a flat week. Lithium's presence across two names with very different trajectories suggests the thematic is being driven by company-specific catalysts rather than a single sector-wide re-rating.
Copper. Arrow Minerals (ASX: AMD, #1) and BOA Resources (ASX: BOA, #2) both carry copper exposure this week, between them accounting for the two strongest quarterly gains on the list. Copper's persistence at the top of the Top 10 tracks a run of WA tenement-expansion and acquisition announcements across both names rather than a single dated commodity-price event.
Gold exploration. Brightstar Resources (ASX: BTR, #9) is this week's sole gold-exploration representative, holding its ninth-ranked spot on continuing drilling news out of its Two Mile Hill and Goldfields hubs. For a deeper look at gold exploration momentum stocks, see FMP's ASX gold explorer coverage.
Health and medical technology. Micro-X (ASX: MX1, #3) and AVITA Medical (ASX: AVH, #10) both represent health and medical-device momentum this week, though across different sub-sectors — Micro-X in portable X-ray imaging, AVITA Medical in regenerative wound care. Read more on AVITA Medical (ASX: AVH) and the catalyst behind its fourth-plus consecutive Top 10 appearance.
Technology, industrials and defence. DXN (ASX: DXN, #4), Synertec (ASX: SOP, #7) and Codan (ASX: CDA, #8) round out the list outside the resources sector — DXN on its AI data centre contract sequence, Synertec on recurring Powerhouse order-book growth, and Codan on record FY26 results. DXN's 44 sessions on the Top 30 make it the most persistent name on this week's list; read DXN's AI data centre momentum story for the full contract sequence.
What Does This Week's Data Reveal About ASX Momentum Conditions?
This week's FMP Top 10 for the week ending 3 October 2026 splits roughly evenly between resource exploration names (six of ten: AMD, BOA, GL1, ELT, BTR, plus CDA's metal-detection exposure) and non-resource momentum names (DXN, MX1, SOP, AVH), with five first-time appearances pointing to active rotation rather than a small group of names holding the list week after week. The widest contrast on the list sits between Arrow Minerals' +1,300% quarterly gain — the largest on this week's table by a wide margin — and Synertec's +206.25% quarterly gain on a −6.67% weekly pullback, illustrating how a single dated catalyst (AMD's West Pilbara iron ore tenure expansion) can separate the list's quarterly leaders from names still building a longer base. Momentum concentration patterns of this kind are consistent with the volatility-contraction and base-building setups described in the 7-point VCP checklist, though confirming a VCP formation on any individual name requires reviewing its own price chart, which sits outside the scope of this list-level weekly update.
How Did the FMP Launch Pad Perform This Week?
Nine of this week's ten FMP Top 10 companies carry a populated FMP Launch Pad entry — only Synertec (ASX: SOP) shows no Launch Pad data this week. Arrow Minerals (ASX: AMD) is the best performer since Launch Pad entry on this week's list, up +600.00% across 42 sessions since entering the Launch Pad. Across the nine companies with Launch Pad data, the average gain since Launch Pad entry is +158.28% and the average lead time is 33 sessions — meaning, on average, Members who saw a name on the Launch Pad were positioned roughly 33 trading sessions before it reached this week's publicly visible Top 10.
What Did Members Receive Before This Article Published?
Finer Market Points Members received Thursday's full Top 30 momentum list and Launch Pad data at 2pm — more than 40 hours before this public article. That early access lets Members see which stocks are building momentum before they break into the public Top 10, including names like BOA Resources, Micro-X and Elementos well before this week's public breakout.
Members seeking the full proprietary research behind this list can also access the Momentum Profile. For the always-current leaderboard between weekly updates, see this week's full ASX momentum leaderboard.
Who Writes the FMP Momentum Research?
Christopher Hall, AdvDipFP, Authorised Representative (AFSL 526688), writes and publishes this weekly ASX momentum research for Finer Market Points. Christopher Hall's analysis draws on Finer Market Points' continuously maintained momentum record — described in full under Sources below — and his background applying Mark Minervini's momentum methodology to the Australian market.
What are the top ASX momentum stocks this week?
Arrow Minerals (ASX: AMD) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 3 October 2026, with a +1,300% quarterly gain, followed by BOA Resources (ASX: BOA) at #2 on +153.85% quarterly and +50% weekly.
What is a quarterly momentum stock?
A quarterly momentum stock is a company whose share price has shown a sustained percentage gain over the trailing quarter (roughly 90 trading sessions), reflecting persistent buying interest rather than a single-day spike.
How does FMP identify ASX momentum leaders?
Finer Market Points ranks every ASX-listed company each week on a proprietary momentum score combining quarterly and weekly price performance, then publishes the top 10 scorers as the FMP Top 10.
What is the Launch Pad list and how does it work?
The FMP Launch Pad is a separate daily top-30 ranking on a distinct momentum-derived metric, tracked independently of the weekly Top 10 — a company's appearance on the Launch Pad often precedes its appearance in the public Top 10, as this week's data shows for nine of the ten listed companies.
How can I get the momentum list before the market opens?
Finer Market Points Members receive the full Top 30 momentum list and Launch Pad data every Thursday at 2pm, more than 40 hours before this public Saturday article, via YouTube Membership.
Which ASX stocks are leading gold exploration momentum this week?
Brightstar Resources (ASX: BTR) is the sole gold-exploration name on this week's FMP Top 10, ranked #9 with a +96.34% quarterly gain, on continuing Two Mile Hill and Goldfields hub drilling news.
Which ASX lithium stocks are on this week's momentum list?
BOA Resources (ASX: BOA, #2) and Global Lithium Resources (ASX: GL1, #5) both carry lithium exposure on this week's FMP Top 10 for the week ending 3 October 2026.
What Sources Support This Week's Momentum Data?
# | Source | Type |
1 | Christopher Hall, FMP. FMP Momentum Profile data, 1 October 2026. | FMP proprietary data |
2 | Arrow Minerals Limited. ASX announcements, 18 August & 17 September 2026. | External Research |
3 | BOA Resources Limited. ASX announcements; InvestSMART coverage, September 2026. | External Research |
4 | Micro-X Limited. ASX announcements; Morningstar company profile, 2026. | External Research |
5 | DXN Limited. ASX announcements, June–September 2026. | External Research |
6 | Global Lithium Resources Limited. ASX announcements, August 2026. | External Research |
7 | Elementos Limited. ASX announcements; BW Equity research note, 2026. | External Research |
8 | Synertec Corporation Limited. ASX announcements, July–September 2026. | External Research |
9 | Codan Limited. FY26 Annual Report, 17 September 2026; Motley Fool Australia coverage. | External Research |
10 | Brightstar Resources Limited. ASX announcements, August 2026. | External Research |
11 | AVITA Medical, Inc. ASX announcements, August 2026. | External Research |
Related FMP Educational Resources
Mark Minervini's VCP Criteria: The Complete 7-Point Checklist — Christopher Hall
FMP's ASX gold explorer coverage — Christopher Hall
Christopher Hall's reading of this week's rotation across resource and non-resource momentum names 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.
Data note. This week's dataset was captured on Thursday 1 October 2026 before the market closed. The prices behind every percentage in this article are therefore intraday, not closing prices, and they will differ from Thursday's close and 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.
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