Sunset Strip (Afternoon Report) - Aussie market maintained a positive day with RBA holding fire on relatively low trading volume

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market maintained a positive day with RBA holding fire on relatively low trading volume. US data continues to be positive while Putin risk to Euro growth can't be ignored. Market is expecting the May selloff and selling good quality outperforming stocks on update. Banks, Big Staple Retailers and Telstra remain the big cap favourites over Resources. RBA's move today further highlighted the low growth environment with macro headwinds. We continue to favour Yield thematic (i.e. Banks) despite the historical post dividend selloff worry in the market due to the risks to Resources with China and Euro worries. Banks held the index up while market lacked strong sentiment. (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...

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