Sunset Strip | Aussie market closed flat against global trend on a weird trading day which started positive and then got smacked by a decent selling frenzy...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market closed flat against global trend on a weird trading day which started positive and then got smacked by a decent selling frenzy around the time the financial inquiry details came out before closing with a mini recovery. Aussie market was flat 0.00% with turnover was just below $4.2b. The turnover was looking pretty thin in the morning before the big selling frenzy. Financial sector inquiry will be another report that won't go anywhere past media waffle. Any regulatory cost will get transferred to customers and make the already unpopular government even less popular. RBA continues to talk about keeping rates where they are given that they have no control over the currency and government policies that have smashed consumer confidence. Pick of the day...Southern Cross Media (SXL)...we see it trading from current $1.15 to over $1.40 in the next 12mths. (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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