As posted on on monday night, ausgroup broke its horizontal support of 56 and came down to 47 the level that we were watching and rebound after that. (Congrats to those who shorted )
The market took a hit after swiber declared that its winding up its operation. A hit to the O&G sector. vallianz took a hit too as swiber has some stake in it. This could just be the start.
We’ll update more tonight on the banks as banks would have some exposure to this sector.