The Australian stock market has started off with an unsteady move, as stocks in energy and mining dragged the index lower. This happened after talks about freezing global oil output failed.

Prices of crude oil went down to nearly six percent after oil-rich countries failed to settle an agreement on freezing production. There have been expectations among stock market traders regarding an agreement that would help support the recent rally in prices.

The benchmark index at the stock market was about 0.5 percent lower in early trade while financial stocks were under pressure.

According to Australian Stock Report head of research Chris Conway, the market is shaping up with a pretty rough start to the week, says The Bull.

“We know the co-relation between the oil and equity markets, and the outcome of the OPEC meet in Doha will weigh on the market for a few days,” he said.

Here is a list of expert tips to excel in 2016 stock market.

Shares in Media Industry

Geoff Wilson, one of Australia’s better long-serving fund managers, recommends punters to invest in Southern Cross Media. This is because radio is devoid of having the same structural problems as TV.

According to Wilson, there will be a contraction, when the cross-media laws change in July.

Wilson believes the contraction will be similar to what happened in the banking industry during 1970s and 1980s, when seven trading banks shrank into four.

Shares in Retail Industry

Visiting Pacific Brands distribution centre in Melbourne #pacificbrands #au #australia #melbourne #dc #underwear

A photo posted by Stas Kulesh (@stas_kulesh) on

Wilson thinks positive about consumer products company Pacific Brands. This is due to the management, which cleaned up the company.

Pacific Brands is now down to eight brands, including Sheridan and Bonds.

Also Read: Retailer Fantastic Holdings Appoints Former Woolworths Executive Debra Singh as CEO

According to Australian Financial Review, the company has also moved from wholesale into retail. This shows that the company has capital to have their own shops and this move has been working for them.

Moreover, sales have improved with Bonds and Sheridan selling well and the group has returned to profit.

Playing on Asian Demand

According to The Australian, there must be a focus on companies that  leverage to Asian demand, such as Bellamy’s and A2 Milk.

Also Read: Queensland: Mother Abused for Expressing Milk in Carpark

Wilson HTM adviser Hugh Robertson asked stock market punters to bet on Bellamy’s because the end of China’s one-child policy means more customers.

Stocks in Gold

Richard Morrow of Baillieu Holst is literally opting for gold. His recommendations surround Australian gold sector.

The Australian gold sector is is enjoying a bonanza of lower costs and a healthy gold price in terms of Australian dollars.