Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume. US job data was positive while Putin risk to Euro growth kept global markets down. Market is expecting the May selloff and selling good quality outperforming stocks on any update...WBC and AAD were examples today. Value is emerging with good results driving upgrades and panic selling in other stocks. Banks, Big Retailers and Telstra remain the big cap favourites over Resources. Resources held the market despite negative China data. AQA takeover bid helped the long suffering shareholders. (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.