Sunset Strip | Aussie market had another boring low volume flat day due to lack of global sentiment

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market had another boring low volume flat day due to lack of global sentiment. Aussie market was down 0.15% with turnover was just above $3.6b. We expect the market to be positively surprised in the reporting season compared to the current Valley of Death outlook. We continue to expect current low valuations on cyclicals, bank dividends flowing back into the market, institutional investors sitting on cash, overvalued currency and M&A will help improve sentiment while sectors with high risk to earnings have already come to the market and declared their sins. Central banks continue to hold rates low while flattening property prices will force investors to diversify and add more equities. We continue to like TMT stocks like FLT, SEK, CRZ, IPP, SWM, SXL, PRT, TLS and TEL. If you are looking for a turnaround smokey in TMT...SXL looks interesting on the charts. (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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