Sunset Strip | Aussie market started negative with global lead and falling Iron Ore before bouncing back 1.6% from the low of the day with better than expected...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market started negative with global lead and falling Iron Ore before bouncing back 1.6% from the low of the day with better than expected China PMI data. While there is short term risk in the market with global investors worried about our currency, the medium to long term outlook for local investors is very positive. Dividend payments from 16 of the top 100 stocks including LLC, QBE, BHP, WPL and TLS will hit the bank account this week. We expect the market to see more buying support with the dividend cash getting re-invested at the back end of this week. Another point to keep in mind is that next Monday is the end of quarter and end month...market has a way of ending in positive sentiment when that happens. Trading idea of the day: Henderson Group (HGG). Tuesday's Retail Therapy Pick: Woolworths (WOW). (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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