ASX Top 10 Momentum Stocks — Saturday 31 October 2026
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | October 2026
AVITA Medical (ASX: AVH) leads the FMP Top 10 for the week ending 31 October 2026, ranked #1 on a +253% quarterly gain, the largest on the list, ahead of Dalaroo Metals (ASX: DAL) at #2 on a +93% quarterly gain and Berkeley Energia (ASX: BKY) at #3 on a +71% quarterly gain. All ten names rose over the week, led by Ingenia Communities Group at +13.38% and Data#3 at +13.31%. Five names sit outside resources — AVITA Medical, Ingenia Communities, Wisr, Challenger and Data#3 — and five are tied to mining, drilling services or phosphate fertiliser. The list shows heavy rotation: six of the ten companies are new to the published FMP Top 10, Wisr returns after its first appearance on 8 August, three names continue from last week, and seven names from the 24 October list have dropped out.
Which ASX Stocks Led the Momentum List for the Week Ending 31 October 2026?
AVITA Medical, Inc. (ASX: AVH) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 31 October 2026, with a quarterly gain of +253%, a weekly gain of +6.88% and 45 or more sessions on the Top 30. 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 | AVITA Medical | AVH | +253% | +6.88% | 45+ | — | — | Medical Devices |
2 | Dalaroo Metals | DAL | +93% | +3.85% | 17 | 40 | +80% | Gold Exploration / Rare Earths |
3 | Berkeley Energia | BKY | +71% | +6.58% | 17 | 43 | +62% | Lithium / Uranium Exploration |
4 | Ingenia Communities | INA | +20% | +13.38% | 3 | 40 | +27% | Retirement Communities |
5 | Mount Ridley Mines | MRD | +92% | +9.09% | 45+ | 10 | +12% | Rare Earths / Scandium |
6 | Wisr | WZR | +23% | +8.57% | 34 | — | — | Consumer Lending |
7 | Mitchell Services | MSV | +32% | +10.25% | 8 | 37 | +25% | Mining Drilling Services |
8 | Minbos Resources | MNB | −5% | +12.50% | — | 37 | 0% | Phosphate Fertiliser |
9 | Challenger | CGF | +20% | +2.75% | 8 | 41 | +20% | Retirement Income |
10 | Data#3 | DTL | +52% | +13.31% | 22 | 34 | +42% | IT Services |
AVITA Medical (ASX: AVH) moved from #3 to #1, with its quarterly gain rising from +219% on the 24 October list to +253%, while its weekly gain was +6.88% (down from +17.47%). Day counts are trading sessions and are capped at 45 in the source data, so "45+" means at least 45 sessions. Minbos Resources shows no day count because the source export left that field blank.
Which Top 10 Stocks Gained the Most Over the Week to 29 October 2026?
All ten names rose over the week. Ingenia Communities Group (ASX: INA) posted the largest weekly gain at +13.38%, followed by Data#3 (ASX: DTL) at +13.31% and Minbos Resources (ASX: MNB) at +12.50%. Challenger (ASX: CGF) had the smallest weekly gain at +2.75%, ahead of Dalaroo Metals (ASX: DAL) at +3.85% and Berkeley Energia (ASX: BKY) at +6.58%. The average weekly gain across the ten was +8.72% and the median was +8.83%. Weekly gain is the weekly share-price performance figure in the Finer Market Points export, captured on Thursday 29 October 2026.
The table below sorts the ten names by weekly gain and shows where each ranked for weekly performance among the 617 ASX companies that passed the FMP filter that day.
Company | ASX Code | Weekly Gain (to 29 Oct 2026) | Weekly Performance Rank (of 617) |
Ingenia Communities | INA | +13.38% | 21 |
Data#3 | DTL | +13.31% | 22 |
Minbos Resources | MNB | +12.50% | 24 |
Mitchell Services | MSV | +10.25% | 34 |
Mount Ridley Mines | MRD | +9.09% | 40 |
Wisr | WZR | +8.57% | 50 |
AVITA Medical | AVH | +6.88% | 69 |
Berkeley Energia | BKY | +6.58% | 72 |
Dalaroo Metals | DAL | +3.85% | 131 |
Challenger | CGF | +2.75% | 177 |
None of the ten ranked in the top 20 of the 617 companies for weekly performance; the best weekly rank was Ingenia's 21st. That differs from the 24 October list, where RAS Technology Holdings ranked 1st and LinQ Minerals 3rd for the week. This week's list is therefore built on the proprietary momentum score, which weighs more than one time window, and not on the strongest weekly movers.
Minbos Resources (ASX: MNB) is the only name with a negative quarterly gain at −5% and ranked 290th of 617 for quarterly performance, yet it holds #8 on a +12.50% week. Three names continue from the 24 October list and each changed its weekly reading: AVITA Medical moved from +17.47% to +6.88%, Dalaroo Metals from −17.86% to +3.85%, and Mount Ridley Mines from +4.65% to +9.09%.
Which Themes Are Driving ASX Momentum This Week?
Rare earths and financials place two names each, and gold exploration places one name, down from three on the 24 October list. Lithium and uranium exploration, medical devices, retirement communities, mining drilling services, phosphate fertiliser and IT services place one name each.
Which rare earths stocks are on the list?
Rare earths places two names: Dalaroo Metals (ASX: DAL, #2), which pairs the Blue Lagoon zirconium, hafnium and rare earth system in southern Greenland with the Bondoukou Gold Ridge gold project in Côte d'Ivoire, and Mount Ridley Mines (ASX: MRD, #5), which reported a scandium Inferred Mineral Resource of 946Mt at its Grass Patch Project in Western Australia on 26 August 2026. For the Mount Ridley story, see how Mount Ridley entered the FMP Top 10.
Which financial stocks are on the list?
Financials places two names: Wisr (ASX: WZR, #6), a digital non-bank lender that reported a first cash net profit after tax of A$1.0 million for FY26 on a loan book of A$1.084 billion, and Challenger (ASX: CGF, #9), the retirement income group, which reported statutory net profit after tax up 163% to A$506 million on 18 August 2026. Wisr's cash profit is a company-defined measure and not a statutory profit.
Which mining and resource-linked stocks are on the list?
Berkeley Energia (ASX: BKY, #3) announced a maiden Inferred Mineral Resource of 11.8Mt at 0.41% Li2O and 0.21% Rb2O at its Conchas project in Spain on 21 July 2026, and also holds the Salamanca uranium project, where it is pursuing international arbitration against Spain. Mitchell Services (ASX: MSV, #7), a drilling services provider, reported September-quarter revenue of A$66.5 million, up 25% on the prior-year quarter, on 19 October 2026. Minbos Resources (ASX: MNB, #8) is building a phosphate fertiliser plant at Cabinda in Angola under a US$13.8 million Phase 2 construction contract, with completion targeted for the second quarter of 2027. Dalaroo Metals is the only gold exploration name this week.
Which stocks outside resources are on the list?
AVITA Medical (ASX: AVH, #1), the RECELL spray-on skin device maker, reported second-quarter 2026 net revenue of US$21.7 million, up 18% year on year; see the AVITA Medical company page. Ingenia Communities Group (ASX: INA, #4) owns and operates rental and land-lease communities for older Australians, and its ASX announcements this month concern takeover proposals: on 28 October 2026 it said Warburg Pincus made a revised proposal on 27 October, that a process deed with AVID Property Group remains in place, and that Warburg Pincus would be granted exclusive due diligence access by no later than 1 November 2026, subject to AVID's matching right. Data#3 (ASX: DTL, #10), an IT services provider, reported FY26 gross sales up 12.7% to A$3.4 billion on 24 August 2026.
What Does This Week's Data Reveal About ASX Momentum Conditions?
This week's list is split evenly between non-resource and resource-linked names. Five of the ten companies — AVITA Medical, Ingenia Communities, Wisr, Challenger and Data#3 — are outside resources, and five — Dalaroo Metals, Berkeley Energia, Mount Ridley Mines, Mitchell Services and Minbos Resources — are linked to mining, drilling services or phosphate fertiliser.
Measure | Reading, week ending 31 October 2026 |
First-time entrants to the published Top 10 | 6 (BKY, INA, MSV, MNB, CGF, DTL) |
Returning from earlier weeks | 1 (WZR, previously 8 August) |
Repeat from the 24 October list | 3 (AVH, DAL, MRD) |
Dropped from the 24 October list | 7 (RTH, CTT, FMR, MX1, LNQ, BAP, FPR) |
Largest quarterly gain | AVITA Medical +253% |
Smallest quarterly gain | Minbos Resources −5% |
Largest weekly gain | Ingenia Communities +13.38% |
Smallest weekly gain | Challenger +2.75% |
Names up / down over the week | 10 up / 0 down |
Average / median weekly gain | +8.72% / +8.83% |
The smallest quarterly gain on the list fell from +58% (FMR Resources) on the 24 October list to −5% (Minbos Resources) this week, and the median quarterly gain across the ten was +42%. Momentum lists of this kind are where base-building candidates surface; confirming a setup against the VCP checklist for ASX stocks requires reviewing each company's own price chart, which sits outside the scope of this list-level weekly update.
How Did the FMP Launch Pad Perform This Week?
Eight of this week's ten FMP Top 10 companies carry a populated FMP Launch Pad entry — AVITA Medical (ASX: AVH) and Wisr (ASX: WZR) show no Launch Pad data this week. Dalaroo Metals (ASX: DAL) is the best performer since Launch Pad entry, up +80% over 40 sessions, followed by Berkeley Energia (ASX: BKY) at +62% over 43 sessions and Data#3 (ASX: DTL) at +42% over 34 sessions. Across the eight companies, the average gain since Launch Pad entry is +33.4% and the average lead time is about 35 sessions, meaning, on average, Members who saw a name on the Launch Pad were positioned roughly 35 trading sessions before it reached this week's publicly visible Top 10. Minbos Resources (ASX: MNB) shows a 0% gain over 37 sessions, and Mount Ridley Mines (ASX: MRD) has the shortest lead time at +12% over 10 sessions.
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 first-time entrants such as Berkeley Energia, Ingenia Communities and Data#3.
Members seeking the full proprietary research behind this list can also access the Momentum Profile. For the always-current leaderboard between weekly updates, see the live FMP Top 10 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.
Remember that past performance is no guarantee of future results, and all trading involves risk.
What are the top ASX momentum stocks this week?
AVITA Medical (ASX: AVH) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 31 October 2026, with a +253% quarterly gain, followed by Dalaroo Metals (ASX: DAL) at #2 on a +93% quarterly gain and Berkeley Energia (ASX: BKY) at #3 on a +71% quarterly gain.
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 on a proprietary momentum score that draws on price performance across more than one time window, 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 eight 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 momentum stock had the biggest weekly gain this week?
Ingenia Communities Group (ASX: INA, #4) had the largest weekly gain on the FMP Top 10 for the week ending 31 October 2026 at +13.38%, followed by Data#3 (ASX: DTL, #10) at +13.31% and Minbos Resources (ASX: MNB, #8) at +12.50%, on data captured on Thursday 29 October 2026.
Which ASX rare earths stocks are on this week's momentum list?
Dalaroo Metals (ASX: DAL, #2) and Mount Ridley Mines (ASX: MRD, #5) are the two rare earths names on this week's FMP Top 10 for the week ending 31 October 2026.
Which ASX financial stocks are on this week's momentum list?
Wisr (ASX: WZR, #6) and Challenger (ASX: CGF, #9) are the two financials names on this week's FMP Top 10 for the week ending 31 October 2026.
Is any stock on this week's momentum list down over the quarter?
Minbos Resources (ASX: MNB, #8) is the only name on this week's FMP Top 10 for the week ending 31 October 2026 with a negative quarterly gain, at −5%, and it rose +12.50% over the week.
What Sources Support This Week's Momentum Data?
# | Source | Type |
1 | Christopher Hall, FMP. FMP Momentum Profile data, 29 October 2026. | FMP proprietary data |
2 | AVITA Medical, Inc. Second Quarter 2026 Financial and Business Update, 6 August 2026. | External Research |
3 | Dalaroo Metals Ltd. ASX announcements, April–September 2026. | External Research |
4 | Berkeley Energia Limited. Conchas maiden Mineral Resource Estimate (21 July 2026) and June 2026 Quarterly Report (30 July 2026), as summarised by Kalkine and smallcaps.com.au. | External Research |
5 | Ingenia Communities Group. ASX announcements, 5–28 October 2026, as summarised by The Weekly Source and Real Estate Source. | External Research |
6 | Mount Ridley Mines Limited. ASX Release, "Scandium Resource Upgraded to 946Mt at the Grass Patch Project", 26 August 2026. | External Research |
7 | Wisr Limited. FY26 results and Q4 FY26 market update, 2026, as summarised by Kalkine. | External Research |
8 | Mitchell Services Limited. September 2026 quarter update (19 October 2026) and FY26 results (24 August 2026), as summarised by InvestSMART and Kalkine. | External Research |
9 | Minbos Resources Limited. ASX announcements, March–October 2026, as summarised by Mining Weekly and Kalkine. | External Research |
10 | Challenger Limited. FY26 results, 18 August 2026, as summarised by InvestSMART. | External Research |
11 | Data#3 Limited. FY26 results, 24 August 2026, as summarised by Kalkine. | External Research |
Related FMP Educational Resources
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 29 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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