ASX:MNS

Sunset Strip > Trading Day Wrap From Blue Ocean 20170828

Mathan Somasundaram

Local market fell on the open and then traded sideways with weak global sentiment. The commodities remain strong on the back of China optimism…Shanghai index delivered another new high since 2015. Iron Ore continues to baffle analyst by moving higher while the Texas natural disaster playing into Oil optimism. Jackson... Show More

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Sunset Strip > Trading Day Wrap From Blue Ocean 20170705

Mathan Somasundaram

Local market ran into some profit taking after a big run yesterday. We continue to see miners and short covering leading the way while currency and bond proxies are seeing selling pressure. US market was closed for holiday last night and everyone should be back on board tonight…some after a... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170703

Mathan Somasundaram

Local market ran into a brick wall after lunch despite solid China data. China Caxin Manufacturing data was better than expected and in expansion territory…good for commodities who had another good night. Bond yield proxies and currency proxies were under pressure from the start while banks joined the slide after... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170525

Mathan Somasundaram

Local market flip flopped to finish in the positive mainly due to Resources. Market likely to remain volatile in the short term with macro risks while medium to long term view remains positive. The best performers were Miners, Energy and Utilities while IT, Staples and Health Care were the worst... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170522

Mathan Somasundaram

Local market jumped up on the global optimism and then faded slightly through the day. The best performers were Energy, Metals & Mining and Gold while Health Care, Staples and Retail were the worst performers. Since the start of Q2, we have had every trading Monday as a positive day... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170517

Mathan Somasundaram

Local market started weak and then sentiment nosedived as more details of the White House debacles filtered through the media and drove US futures lower. The big risk with US politics at this point is…anything could happen. Market hates uncertainty…and volatility indices are at historical lows…something should give and the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170516

Mathan Somasundaram

Local market finished positive after a volatile day with positive global overnight sentiment with Oil bounce. The best performers were Industrials, Metals & Miners and Retail while Banks, Gold and Utilities were the worst performers. NAB and MQG traded ex div today….WBC goes ex div on Thursday. Oil... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170501

Mathan Somasundaram

Local market made started positive on global investors pushing up the banks before pullback as local investors took profit. After that all the open Asian markets recovered on the US congress deal to fund the US Government till September!!! Utilities, Industrials and Staples were the outperformers while Resources were the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170428

Mathan Somasundaram

Local market made another unconvincing flat day after US market was aimless and commodities stocks were under pressure globally….last day of the month!!! US reporting season remains positive as expected…financials delivering the best outlook…Under Armour had the first negative quarter in its history. IT, Industrials and Health Care lead the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170411

Mathan Somasundaram

Local market opened high and then declined as the global investors took their foot off the peddle. The local market is getting pushed up by global investors taking money out of Japan and looking for somewhere to park it in Asia…due to the worry that rising Yen will hurt Japanese... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170406

Mathan Somasundaram

Local market fell on global sentiment and then made a slight recovery to close negative…that makes three negative days out of the last five…steam coming off the market as optimism fades. Gold, Health Care and Utilities were the best performers while Telcos, Banks and Energy were the worst performers. Solid... 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 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 20170323

Mathan Somasundaram

Local market made a small recovery from yesterday’s smack down but sentiment remains weak. US market remains in the second part of “Buy the rumour, Sell the fact” trade as US fiscal policy ran into multilevel execution problems. Media articles are pointing to delays in financial deregulations, health care reform... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170320

Mathan Somasundaram

Local market closed lower as market worry on global trade kicked in after G20 did not back free trade. US Fed speeches later this week will be looked upon to set the tone for global markets…Yellen speaking as well. US leadership clears the way for trade tariffs at G20 while... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170310

Mathan Somasundaram

Local market moved up despite weaker commodities and weaker AUDUSD while non-farm payroll data will set the tone for next week ahead of US Fed meeting. Consumer Staples, IT and Health Care moved the market higher while Metals, Mining, Gold and Property Trusts were the negative performers. Tesla is getting... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170301

Mathan Somasundaram

Local market recovered some losses from morning selloff despite US presidential speech delivering very little detail to the slogans. Resources and Consumer Discretionary drove the market down while Utilities and Financials delivered some support. New month and more question than answers on US fiscal outlook. The speech that was supposed... Show More

Battery sector to drive major increase in graphite demand

Canaccord Genuity

In this sector report we attempt to quantify the impact on demand for graphite from the rapidly growing Lithium-ion battery ("Li-B") sector. A major increase in installed Li-B capacity to 2025 is anticipated to drive a major increase in demand for graphite. Based on our modelled growth in the Li-B... Show More