Sunset Strip > Trading Day Wrap From Blue Ocean 20170516

Mathan Somasundaram

Deep Data Analytics

Local market finished positive after a volatile day with positive global overnight sentiment with Oil bounce.     The best performers were Industrials, Metals & Miners and Retail while Banks, Gold and Utilities were the worst performers. NAB and MQG traded ex div today….WBC goes ex div on Thursday. Oil market > The move by Saudi Arabia and Russia to extend cuts was expected…and shows that they are losing the battle against shale…more shale to come online and cap the upside.

 

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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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