Sunset Strip > Trading Day Wrap From Blue Ocean 20170227

Mathan Somasundaram

Local market ran into more profit taking on US fiscal uncertainties, upcoming US Fed / Chinese NPC meetings, Euro elections and Brexit worries on stretched global market valuations. Consumer Discretionary, IT and Health Care tried to keep the market higher while Resources and Financials weighed it down today. Energy sector on the media buzz feeds with potentially WPL block on the market and an offshore acquirer trying to accumulate a strategic chunk of WOR....should drive some volatility tomorrow!!!

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