Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market remains aimless and flat as it waits for central bankers to set the tone. The week of the central bankers will kick of tomorrow with US Fed and even PBOC may come to the market on their outlook. The best performing sectors were Gold, Health Care and Telcos while the worst performers were the Resource sectors. The market was mainly dominated by the performance of two stocks setting the trend for their sector. NAB result was fair but soft on business margin and that drove investors to move the money into WBC that has already flagged a better result. DSH came out with a downgrade after HVN’s solid sales update yesterday. DSH is beginning to look a lot like MYR. All the market pundits that were jumping up and down when WOW got rid of it may be thinking twice now. Funny how these flipped retail models tend to do well for a year or two and then the wheels fall off. Stay positive and stay nimble!!! (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 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.