Advanced Share Registry : Market Update - 27 September 2021

Wall St closed mixed on Friday, the Dow and the S&P 500 ended in the black, higher on the week while the Nasdaq ticked fractionally lower after a choppy performance. The soft session followed a jammed pack week after several central banks kept rates unchanged, while Nike's profit forecast is set to fall on supply chain issues, sending the stock tumbling over 6 per cent, further adding to inflationary pressures. Compounded by the moves from China, with property developer Evergrande and their unusual silence around their Thursday payment, while their central bank declared a ban on all crypto transactions. Amid pursuing their carbon goals, tech shares closed lower as they tighten the screws on tokens with a digital Yuan on the horizon

Meanwhile in Washington DC, the Congress pitched a program to the likes of Apple, and Ford Motors for the giants to reveal inventory numbers on their supply chains, in a bid to get a grip on the global chip shortage. The chip crisis has sent prices surging for consumers in industries from auto vehicles to electronics. Adding to the pressure, the clock is ticking for Congress to reach a deal to raise the debt ceiling, before the government runs out of money to pay its bills which could weigh on risk appetite this week. Government treasury yields climbed after several central banks flagged that they're set to taper their emergency stimulus measures.

Across the Atlantic, European markets closed lower despite ECB President Christine Lagarde saying direct exposure to Evergrande was "limited" as Puma and Adidas tumbled after Nike cut its earnings forecast due to supply chain issues, as mentioned earlier. Paris dropped almost 1 per cent, Frankfurt closed 0.7 per cent lower as business confidence dipped fractionally lower as the election got underway. London's FTSE fell 0.4 per cent. In U.K. trade, oil stocks BP rose 0.5 per cent and Shell added 0.1 per cent. Miners BHP fell 1.3 per cent while Rio Tinto tumbled 4 per cent.

On Friday, the Australian share market tripped 0.4 per cent lower at 7,343, notching a fall for the third straight week dragged lower by mining and property stocks. The local bourse recovered from a 15 month low on Monday after the Evergrande saga hit the decks and on clarity on the Fed's next moves. To put this Evergrande situation into a global perspective, real estate and property make up 29 per cent of China's GDP, of which China contributes 18 per cent of global GDP, therefore the Chinese real estate sector comprises over 5 per cent of global GDP. So if the PBoC takes the stance that they don't want to support the indebted property giants, that exposes the global economy to some risk and could explain why we saw the market meltdown on Monday last week.

Dow Jones	34,789.00	+33.18	+0.10%
US S&P500	4,455.48	+6.5	+0.15%
US Nasdaq	15,047.69	-4.54	-0.03%
UK FTSE 100	7,051.48	-26.87	-0.38%

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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