trump fade

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

Mathan Somasundaram

Local market fell on US strike on Syria after opening positive…and then recovered into the close to slight positive. Spot gold bounced and bond yields fell as market ran to safety with rising geo political risks adding existing global macro risks. Gold, Energy and Utilities were the best performers while... Show More

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

Mathan Somasundaram

Local market pulled back on weaker US, currency and commodity as banks were unable to swim against the tide again. Gold and Miners were the best while Telcos and Financials weighed on the market. Car sales in the US was a real disappointment and market reading through... Show More