Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market up and down trend held again with solid bounce up with global trend. The risk remains with Greece negotiations. Chinese markets are down over 6% today and some 14% drop for the week. It looks like the momentum is turning and leverage run up will speed up the profit taking as well. We could see it drop 25% from the highs very quickly. We were surprised to see that the gold equities are not running on improving spot gold price. The bond market showing some form of stability despite the macro worries. The big positive performances were led by IFN (up 11%), IPP (up 10%), VRL (up 9%) and SEA (up 8%). The big negative moves were led by ASL (down 9%), CWP (down 7%), SLR (down 6%) and BAP (down 5%). Banks lead the market up with a number of big management changes coming through. It’s a waiting game to see what happens in Greece through the weekend. (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment