ASX:ACX

Sunset Strip > Trading Day Wrap From Blue Ocean 20170822

Mathan Somasundaram

Local market climbed back higher gradually on the back of strong metal prices. Local market still struck in the narrow trading range since May. US market and geopolitics remain the macro overhang while reporting season is driving substantial volatility. Growth stories missing guidance or weak outlook statement are facing 15-20%... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170811

Mathan Somasundaram

Local market was smacked down from the open on geopolitical risk…even the slight recovery after the morning fall withered away in the afternoon. DOW down over 200 and NASDAQ was snapped 2%. Safe haven investing was in play as bonds and gold bounced while equities were on the chopping block.... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170707

Mathan Somasundaram

Local market ran into a global selloff with investors worried about bond market worries. Apart from the miners, every other sector saw pain after similar selloff in the US market overnight. NASDAQ showing more weakness…already below 50 day MA and heading towards 100 day MA…last time it broke 50 day... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170704

Mathan Somasundaram

Local market ran on positive China and US data before short covering pushed it to the best one day performance since Nov 2016 before RBA watered it down. Banks were up on global bank sentiment while Resources were up on China and Oil data. Retail data helped to push short... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170529

Mathan Somasundaram

Local market ran into some pain as market sentiment was low as major markets are closed tonight. US, UK and China were closed. Market Outlook likely to remain volatile in the short term with macro risks while medium to long term view remains positive. Given the recent US retail/housing weaker... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170329

Mathan Somasundaram

Local market had another solid day in line with US market after continued strong consumer and housing data. IT, Industrials and Energy were the best performers while Gold was the only negative sector. Banks continue to do the heavy lifting as more doubts were raised about the regulatory risks while... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170306

Mathan Somasundaram

Local market fell on the open before recovering to finish a positive day on the back of the Chinese NPC update despite US Fed chair JY more or less confirming the rate rise cycle. Resources and TLS drove the market higher while Consumer Discretionary and Health Care weighed on the... Show More

The Best Profit Prospect for the ASX In Years

Rudi Filapek-Vandyck

The somewhat lackadaisical market sentiment leading into the February reporting season stands in sharp contrast with the hefty profit upgrades by analysts over the past four months. Depending on whose numbers we take as guidance, average profit growth (EPS) for the Australian share market this financial year increased over that... Show More

Avoiding the traps: Smaller companies H1 results preview

Steve McCarthy

Expectations for the upcoming reporting season are at the highest they have been in 3 years. In our experience, heightened expectations often lead to disappointments. This is particularly the case for industrials with global operations which in the last 6 months have had to contend with the impact of Brexit... Show More