Sunset Strip | Aussie market recovered bit more than what it lost on Friday despite Financial Sector Recommendation risks hanging over the major sector

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market recovered bit more than what it lost on Friday despite Financial Sector Recommendation risks hanging over the major sector. Don't give up hope on Santa rally now...the market has had everything thrown and it's still standing. The reason is that our corporates are mainly in great shape, investors are looking for the solid dividend yield and falling currency is going to get global investors coming back to our markets. Private school holidays just started and the institutional investors are going to leave on holidays while retail investors will take charge of the market into Christmas. We have dividends coming from ANZ, NAB, WBC and MQG into the bank accounts later this week while Over-bidding refunds from Medibank Private should have been refunded already. All these cash has to get return to pay for retirement living costs...and they are not going down. (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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