Financial and Industrial Stocks Lower: FOS Capital, AMP and COSOL in Focus

Sonal Goyal

03 November 2026 04:30 PM AEDT

Financial and Industrial Stocks Lower: FOS Capital, AMP and COSOL in Focus

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Key Highlights

AMP (ASX:AMP) fell 9.36% to $2.13 during the 3 November 2026 session.
FOS Capital (ASX:FOS) traded at 11 cents, down 8.33%, and COSOL (ASX:COS) traded at 15 cents, down 9.09%.
AMP's and FOS Capital's updates were released in mid-October, and COSOL's FY26 results were released in August.
The S&P/ASX 200 eased about 0.12% to 8,846.20 in the same session.

Three companies in one session

Three ASX companies from financial services and industrial services finished lower in the 3 November 2026 session. Amp Ltd (ASX:AMP) fell 9.36% to $2.13, FOS Capital Ltd (ASX:FOS) dropped 8.33% to 11 cents and COSOL Ltd (ASX:COS) slipped 9.09% to 15 cents. The S&P/ASX 200 eased about 0.12%, or 10.30 points, to 8,846.20 over the same session. Their latest updates were released on different dates across the past few months.

AMP (ASX:AMP)

AMP's third quarter update, released on 15 October 2026, reported platforms net cashflows of $1.5 billion, up 20%, and Superannuation and investments net outflows of $138 million, an improvement on the previous year. Wealth funds under management were $168 billion, and $75 million of a $150 million buyback had been completed.

FOS Capital (ASX:FOS)

FOS's 1Q27 trading update, released on 14 October 2026, reported sales of $7.25 million, up 64%, and EBITDA of $0.55 million. The order book reached $10.5 million, and the company completed a $1.82 million capital raising.

COSOL (ASX:COS)

COSOL's FY26 results, released on 19 August 2026, reported underlying EBITDA of $9.7 million and Revenue of $98.6 million, down 15.6%. The company recorded a $6.5 million Goodwill Impairment and appointed an interim CEO while it searches for a permanent appointment.

Sector context

Wealth and superannuation businesses compete on adviser technology and member services, and their flows follow market conditions and seasonal patterns. Engineering and digital services firms rely on large contracts, with margins that can shift with project mix.

Risks

AMP's superannuation Business continues to record outflows and its bank Balance Sheet needs to be reduced. FOS depends on converting its quote pipeline into orders on time. COSOL's revenue fell in FY26, and it has yet to appoint a permanent chief executive.

What to watch next

Investors will be looking at AMP's employer mandate implementation in the first quarter of FY27, FOS's second quarter trading update and COSOL's FY27 revenue growth and CEO appointment.

The Final Word

The three companies traded lower on 3 November 2026. Their most recent updates covered flows, orders and results, with the next updates due in coming months.

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