Advanced Share Registry : Market Update - 24 September 2021

We have been in rally mode for most of the week with Monday as the exception, after Wall St booked their worst day in several months amid concerns about China's property developer, Evergande. We saw a steep sell-off amid concerns that there would be contagion spilling over to other parts of the world. Now some of these concerns have faded for now as stocks try to get back to all time high. Easy monetary policy is still in place after the Fed said that they are looking to taper at the end of the year with investors taking yesterday's decision in stride.

Bank of England kept rates at record lows, but they've indicated that rate hikes are expected to happen from March next year. It shows that the economy is recovering from the pandemic, as they look to temper inflation sitting at 3.2 per cent, above the bank's target of 2 per cent. Global flash PMIs hit the decks which broadly showed a slow down in September, however, back home, the manufacturing PMI jumped to a three-month high from August. Even though manufacturing across the U.S. and in Europe pointed to a deceleration due to the supply chain bottleneck, the outlook looks bright as this is seen as short term. With the major central banks keeping their stance for now, investors were optimistic as their appetite for risk sweetened around a clearer outlook ahead.

Americans filing for initial jobless claims rose for a second straight week, however we are still heading in the right direction for a month which has seasonal elements, that have contributed to the volatility we have seen. In the backdrop, talks in Congress as to how to address the debt ceiling, and settle different views on the infrastructure bill are still ongoing. For now, stocks are clawing their way back, knowing that the Evergande saga is contained for now, however caution lingers on what risk it could bring.

Yesterday, the Australian sharemarket clawed back their losses from Monday closing 1 per cent higher at 7,370 shrugging off global concerns we have seen of late. There was not one sight of red across the sectors with technology and energy stocks as the best performers by 3 per cent and 2.8 per cent respectively. Utilities were not far behind, up 2.1 per cent. There were a few sectors that marginally rose with healthcare, materials, and consumer staples marginally adding over 0.2 per cent. The best-performing stock in the ASX 200 was News Corporation (ASX:NWS) closing 8.4 per cent higher at $32.56 after Rupert Murdoch's media empire doubled its share buy-back program to $1.4 billion (US$1 billion). It was followed by shares in Whitehaven Coal (ASX:WHC) and Corporate Travel Management (ASX:CTD).

Dow Jones	34,764.82	+506.5	+1.48%
US S&P500	4,448.98	+53.34	+1.21%
US Nasdaq	15,052.24	+155.39	+1.04%
UK FTSE 100	7,078.35	-5.02	-0.07%

RECENT INDIAN OCEAN SECURITIES TRANSACTIONS

Balkan Mining Minerals Limited (ASX:BMM)	Mining Exploration Sector	IPO at $0.20	Price Change from IPO Investment: + $0.175 / 85.50%
Smart Auto Australia Limited (NSX:SAL)	Electric Commercial Vehicles Sector	IPO at $0.10	Price Change from IPO Investment: + $0.10 / 100%
Azure Health Technology Limited (NSX:VTL)	Health Technology	IPO at $0.20	Price Change from latest Investment entry: - 0.05 / 25%
Albion Resources Limited (ASX:ALB)	Diversified Metals & Mining	IPO at $0.20	Price Change from latest Investment entry: - $0.015 / 7.5%
Sprintex Limited (ASX:SIX)	Auto Parts & Equipment	IPO at $0.086	Price Change from latest Investment entry: - $0.013 / 15.12%
Jadar Resources Limited (ASX:JDR)	Diversified Metals & Mining	Private Placement at $0.03	Price Change from latest Investment entry : - $0.007 / 23.33%
Krakatoa Resources Limited (ASX:KTA/KTAOC)	Gold Sector	Private Placement at $0.06	Price Change from latest Investment entry : - $0.008 / 13.33%
PYX Resources Limited (NSX:PYX)	Diversified Metals & Mining	IPO at $0.40	Price Change from latest Investment entry: + $0.76 / 190%
Cokal Limited (ASX:CKA)	Steel Sector	Funding at $0.04	Price Change from latest Investment entry: + $0.036 / 90%
Cyclone Metals Limited (ASX:CLE)	Steel Sector	Placement: at $0.0017	Price Change from latest Investment entry: + $0.0073 / 429.41%
Food Revolution Limited (ASX:FOD)	Packaged Foods & Meat	Placement at $0.035	Price Change from latest Investment entry : - $0.0007 / 20%
Synertec Corporation Limited (ASX:SOP)	Technology Sector	Placement at $0.023	Price Change from latest Investment entry: + $0.077 / 334.78%
Douugh Limited (ASX:DOU)	Wireless Telecommunications Services	Placement at $0.020	Price Change from latest Investment entry: + $0.074 / 370%

This information has proudly been provided by Indian Ocean Securities -www.indianoceansecurities.com. Indian Ocean Securities is a Boutique Australian Financial Services licensee firm (AFSL: 336409), providing tailored strategic advice and corporate finance solutions to a select, high net-worth/ wholesale, Institutional and corporate clients, throughout the Asian and Australian Financial markets.

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