Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Market had another cracker day to deliver two consecutive days of above 1% return…last time we had that was in April. The market was on fire once again and it was mainly drive by resources with banks helping out. It is going be interesting to see the US market tonight as it will be shut tomorrow Thanks Giving and most likely to be a low turnover Friday as traders are likely to take Friday off to make a long weekend. Logic suggests there should be profit taking from historical high levels before going away on a 4 day weekend. Today’s performance was mainly driven by Resources and Banks while Health Care was the only negative sector. Locally we are beginning to see more signs of lenders putting up rates and raising the bar for investments loans while construction cycle looks to have turned. For the full report… (VIEW LINK)

8 stocks mentioned

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