ASX:TGA

Mathan Somasundaram

Local market started positive and maintained the pace with better commodities and higher rates outlook. US market remains the overhang and NASDAQ falls to the 50 day MA for the third time since US elections…last time NASDAQ broke 100 day MA, we had the high PE growth sell off…local investors... Show More

Mathan Somasundaram

Local market was smacked down on the open and then stayed down with US growth and geopolitical risks. The morning trade looked like a global transition portfolio that hit all the main sectors before some recovery through the day with Banks leading the negative sentiment after BEN’s update. Local market... Show More

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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

Mathan Somasundaram

Local market closed slightly lower as resources weighed on the market struggling with low sentiment. Market was dragged into the negative territory by Miners, Property Trusts and TLS. US Fed speeches later this week…including one from Yellen…will be looked upon to set the tone for global markets…but likely to deliver... Show More

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While reporting season is the theme for August, the shareholder meetings continue including AGMs for James Hardie, Metcash, OzForex Group and Thorn Group; scheme meetings for Ausenco and Patties Foods; shareholder-requisitioned EGMs to remove and appoint directors for McAleese and Rision Ltd...and three backdoor listings in the tech space. You'll... Show More