ASX:MNS

MAGNIS ENERGY TECHNOLOGIES LTD

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

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

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

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

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

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 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

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

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