Sunset Strip | Aussie market fell on geopolitical issues in line with global lead before making a complete recovery to close slightly higher

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market fell on geopolitical issues in line with global lead before making a complete recovery to close slightly higher. Aussie market was slightly positive 0.17% with turnover was just above $4.6b. Banks finally broke away from the Financial Sector Inquiry's ASADA type bomb throwing. Spot gold retreated from $1320 after a big move and we suggested taking profit this morning...too big a move too quickly. We continue to be big fans of the media sector with M&A coming...preferred picks are APN, PRT, SXL, TEN and SWM. Pick of the day is Flexi Group (FXL)...has been a GARY pick for a few months and it has now bounced from the $3.10 low to $3.66 now...going to $4. (VIEW LINK) (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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