Sunset Strip | Aussie market leaked out a negative day while being stuck in confidence limbo with domestic woes and global uncertainties

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market leaked out a negative day while being stuck in confidence limbo with domestic woes and global uncertainties. The index got down again close to fair value before bouncing back. We expect the next 2 weeks to be positive for the market with dividend money from the three big banks and MQG to flow back. Big positive moves (1) RSG was the best gold mover...up 11% (2) MGX popped 11%...bargain hunters or short covering...either way...no need to be there (3) Other gold stocks moving are RRL 9%, SAR 9%, NST 8% and BDR 8%. Big negative moves (1) HZN down 12% on oil price worry (2) HIL keeps recent decline going...down 8% (3) BCI down another 7% on Iron Ore worry. (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.