Sep 4, 2026 – 2.19pmAs fund managers close their books on another reporting season, they are quick to remind investors that trading conditions aren’t getting any easier. While the S&P/ASX 200 rose about 1 per cent in August, that masked some major moves in individual stocks.The rotation in market leadership accelerated as renewed optimism about copper boosted miners, while concerns about credit demand, property prices, and bad debts hit the banks, helping BHP solidify its position as the ASX’s most valuable company.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles