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Following reporting season, a number of previously well-loved sectors have fallen out of favour with the market. Outdoor advertising, aged care operators, and telecommunications companies have all seen falls of around 30%. Despite the well-established difficulties of operating in the aged care sector, investors got “over-excited” about this area and... Show More

Mathan Somasundaram

Aussie market opened positively on global sentiment and then withered away after making two attempts at staying above 5530. Aussie market today was mainly driven by the rate cut expectations. Regulatory approvals helped push AIO/QUB and MTS. SIV follows CIM in getting hammered for negative market update. The market is... Show More

Mathan Somasundaram

Aussie market was slaughtered on Brexit while European markets will be road kill as the momentum truck goes through tonight. We can see FTSE pulling back between 15-20% in this down cycle while US is looking at 8-10% down cycle. When market sentiment is shot and they move into freefall,... Show More

Mathan Somasundaram

Aussie market rolled over in line with Canada on mainly commodities driven profit taking. Financial Sector Inquiry response by the government today cleared the way for the banks to push ahead with mortgage rate rises while RBA minutes really did not deliver anything new. RBA keeps themselves on the fence... Show More

Mathan Somasundaram

Aussie market recovered from early selling pressure to only be slightly down despite negative global lead. Bargain hunters were chasing quality stocks in the selloff back near fair value as in August. The currency poked its head below 69 cents before closing above it while the global investor selling seems... Show More

Mathan Somasundaram

Aussie market broke the four day positive trend to deliver a negative day to finish the worst month since GFC. There are media articles saying that Chinese government has put together 100b Yuan to buy back shares on the market while arresting Citic employees on rumourtrage. This moves once again... Show More

Mathan Somasundaram

Aussie market started with a pop and maintained it through the day despite Shanghai Composite trading down 5% before recovering to be up 1.6% at our market close. Shanghai Composite was down over 11% in less than 24 hours before recovering. If you are an outperforming Chinese fund manager, you... Show More

Mathan Somasundaram

Slowing global and domestic growth has not taken the wind away from the outperforming Australian technology stocks. Technology stocks in the US are trading at historically high multiples with expanding margins and improving revenue, while Australian counterparts are at the early stages of their global exposure. We continue to see... Show More

Mathan Somasundaram

Aussie market popped up on the open with hope of Greece solution and then moved further up with solid business sentiment data. Grexit risk is now a non-event. For the global markets, the key worry was that any deal doen for Greece has to be matched for the rest of... Show More

Mathan Somasundaram

Aussie market started negative on Grexit and Chiquities scare and then climbed the wall of worry to a positive day before collapsing under profit taking pressure at the close. Grexit risk is now a non-event. For the global markets, the key worry is that if EU offers a good deal... Show More

Mathan Somasundaram

Market View: We maintain a bullish long term view on the Australian equity market to reach 6500 in 2016. RBA move in February and May have made equities as the preferred risk/return option for investors wanting more than bond yield return in a rising cost environment. We expect global investors... Show More