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Mathan Somasundaram

Aussie market held up in the positive territory before global selling pressure took the market down in the second half of the day to close down. The main sectors like financials and resources were in the negative territory as USD strengthened while staples, commercial services, property and utilities were the... Show More

Mathan Somasundaram

Aussie market popped up on strong commodities and then gave it all back before making a slight recovery on resources and utilities. The main sectors driving the market higher today were resources and utilities. DUE carried the utilities sector higher as market fell in love with over 7% yield on... Show More

Mathan Somasundaram

Aussie market ran into global selloff sentiment on China worries. The big negative global sentiment was further fuelled by the lack of any PBOC action to stimulate the economy or support the equities markets. Chiquities or Shangbang was down 8% and looks well on the way to seeing substantially more... Show More

Mathan Somasundaram

Aussie market got another day of working over by global investors getting out for currency worries. Aussie market is caught between global investor selling on currency worry and local investors buying for better yield. China growth worries will drive Yuan further down and that will hit Asian/Commodity countries. We are... Show More

Mathan Somasundaram

Aussie market maintained the positive momentum from yesterday and global market’s overnight to deliver another solid performance with all the big boys delivering. As I write this note Chiquities has fallen from +0.5% to -2.2% in a flash. China remains the great unknown and that is likely to remain the... Show More

Mathan Somasundaram

Aussie market remained negative from open in line with negative global sentiment and NZ rate cut. Institutional investors moved yesterday to lock in the recent gains as the first sign of US reporting season wobble with Apple. The market was lead negative mainly by resources while small caps held flat... Show More

Mathan Somasundaram

Aussie market opened positive with Greek deal getting approved and then pulled back with some profit taking over the day. It would be naïve to think that Grexit will never come back. Greece is going experience prolonged austerity with high unemployment, lower benefits and rising costs. In this environment, we... Show More

Mathan Somasundaram

Aussie market pulled back after four positive days with market uncertainty on Greek deal. Let us wait for the next episode of “WHAT WILL GREECE DO TONIGHT?” The selling today was broad based with every sector seeing its fair share of pain. SGH was the whipping boy today for the... Show More

Mathan Somasundaram

Aussie market pulled out a positive day after six straight negatives, albeit a slight one. We need to see bond market settle before the market feels completely confident to jump in and buy equities. Even though value has definitely returned to the market, the sentiment remains negative with global macro... Show More

Mathan Somasundaram

Aussie market delivered the sixth straight negative day in line with global overnight lead. We need to see bond market settle before the market feels confidence to jump in and buy equities. Value has definitely returned to the market with substantially good yield outlook. The key risk remains the bond... Show More

Mathan Somasundaram

Aussie market maintained the negative global sentiment and delivered a very slight negative day to cap five negative days for the week and the worst weekly performance for three years. While I was traveling around Victoria with the Baillieu Holst team over the week, retail investors were very concerned about... Show More