Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open and then recovered on the back of the banks as currency trade before moving sideways for the rest of the day. The resources were mixed with miners taking the negative lead from overseas markets while oil recovery erased the losses in the energy sector. The market was held in positive territory by banks with REITs and Retail leading the charge while Gold and Miners were the underperformers. Industrial stocks are likely to see big moves due to crowded trades and short covering in relatively low liquidity. Interesting moves of the day…....…. (VIEW LINK)


Comments

Please sign in to comment on this wire.