asx:cbl

Sunset Strip > Trading Day Wrap From Blue Ocean 20170824

Mathan Somasundaram

Local market recovered from early losses to finish a slightly negative day on continued commodity optimism. Local market continues to be struck in the narrow trading range since May. The manufacturing PMI an new home sales in the US were negative while services PMI positive. US president threatened to shut... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170818

Mathan Somasundaram

Local market recovered to finish a better than expected negative day after substantially weak lead from US market. Global markets were rattled by the terror attacks in Spain while US market was worried that Gary Cohn may follow the CEO walkout from US president’s leadership groups. Global economies are showing... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170731

Mathan Somasundaram

Local market bounced back after Friday’s bashing. Started positive before investors took profit in the last few hours. European markets were negative while US and Asian markets were directionless. China data was stable without being special while local housing data was weak and private credit data was solid. July count... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170614

Mathan Somasundaram

Local market was once again up on global investor currency trade. Weaker USD is bad for Japanese Manufacturers and good for Aussie Banks. Even miners recovered on stable China data while beaten up retailers saw some love on value and on rate-cut hope after another weak consumer sentiment. The best... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170509

Mathan Somasundaram

Local market fell on the open on weaker commodities before recovering and then running into bank tax rumours taking it down again. Commodities remain weak…China hasn’t turned the corner…value has returned to the sector but the momentum remains weak. Banks have moved from reporting to ex div period…not... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170503

Mathan Somasundaram

Local market fell from the start before making a slight recovery to close for second consecutive negative day. ANZ result earlier this week turned the bank sector sentiment and the premium is unwinding. TPM downgrade in 2016 drove the reality check into high PE stocks…will the VOC downgrade be the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170410

Mathan Somasundaram

Local market opened positively and even managed to move slightly higher despite weak Iron Ore, weak AUDUSD and weak US markets after big non-farm payroll miss…and then we see another round of big portfolio transition move after the close in several large caps…same thing happened recently…..big days finish with big... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170405

Mathan Somasundaram

Local market jumped higher at the open on better commodities before weak AUDUSD weighed on the banks to pull it negative…but the US futures turning positive in the afternoon dragged our banks and the market back to positive territory. Miners and Energy were the best performers while Telcos and Staples... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170309

Mathan Somasundaram

Local market gave up some ground in line with weak global sentiment, weak commodity prices, global central bank uncertainties and rising yields. Consumer Discretionary and Financials supported the market while Resources and large caps moving ex div took the market down. Click here for the full report... Show More