Sunset Strip | Aussie market leaked out a negative day while being stuck in confidence limbo with domestic woes and global uncertainties
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Over 30 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 CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
3 topics
Comments
Comments
Sign In or Join Free to comment
most popular
Funds
Buy Hold Sell: 7 ASX growth strategies with <0.10% fees
Livewire Markets