Sunset Strip > Trading Day Wrap From Blue Ocean 20170508

Mathan Somasundaram

Deep Data Analytics

Local market popped on the open with better global sentiment post French election before pulling back on the reality of weaker commodities and do-nothing budget. Commodities were stable for a change after a week of bashing…but China hasn’t turned the corner…value has returned to the sector but the momentum remains weak. WBC reported another boring result to bring the bank reporting cycle to an end while bank div season to a start as ANZ went ex div today. Media reform had the sector in a wobble…M&A has to happen…but outlook remains weak…FXJ, APN, SXL and PRT will get interest on M&A!!!

 

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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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