Matt Goodson, managing director of Salt Funds Management, said the market was extremely quiet, with some of the broking community at an investment conference in Australia.
He said there was some uncertainty in the market with a lot of company downgrades coming through and high interest rates attracting term deposits.
“Summerset Group and a2 Milk may move out of the MSCI Small Cap Index on Wednesday. And a2 Milk (down 8c to $4.05) reports on Thursday which is keenly awaited,” Goodson said.
A2M Price at posting:
$3.73 Sentiment: Hold Disclosure: Held
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