Ben Kwong
Ben Kwong
excuse further gains gets good local market moderate move overseas rise stocks stronger time until
It's time for a stronger open. Overseas gains will give local stocks a lift. But the rise will be moderate until the market gets a good excuse to move further up.
absence lack market move relatively sideways trading
The market will move relatively sideways in the absence of any stimulus. There's a lack of trading theme.
breaks current further healthy hoping investors level market means point
Investors are hoping the 15,000 point level will hold. If the index breaks through that level, then the market may have further corrections. If it holds, then this means current market consolidation is a healthy one.
banks burden kong lower market property reducing rose stocks
Property stocks rose because the market is speculating that other Hong Kong banks will also lower rates, reducing the burden on property buyers.
crude excuse investors market mode prices providing recent rise
The market is in a consolidation mode after recent gains. The rise in crude prices is also providing investors an excuse to sell.
floating hot money remained sentiment strong
Sentiment remained strong as hot money was still floating around the market.
announced blue chips correction fact force interest major rate results
Interest rate uncertainty and the fact that major blue chips have already announced results force a new correction on the market.