Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market has delivered 8th straight positive day since the middle of December on relatively low turnover. Local retail investors are in control during school holidays and they are chasing bargains in low interest rate environment while the global investors were happy to be on the sidelines as the currency remains as steady as a rock. The last time the market had more than 8 consecutive positive days was in February 2015 and the one before that was in August 2013. The recent positive trend should continue into New Year and the risk of profit taking will start to bite as the institutional investors come back in the middle of January and look forward to the reporting season in February. Today’s moves in some stocks were exaggerated by short covering while global investors were buying into yield in equities and bonds. Notable moves today were… (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.

Comments

Sign In or Join Free to comment