Howard Gorges
Howard Gorges
bit good government guarantee kong light mortgage provide selling
Yesterday's announcement by the Hong Kong Mortgage Corporation that the government would provide a top-up guarantee on mortgages was good for the market. But we are still a bit cautious. It was very light turnover and there was no real selling pressure.
interest investors rates scores view
Scores of investors are of the view that interest rates won't go up much higher.
discover integrity people suddenly
You can't just get people to suddenly discover integrity overnight.
buyers came correction days expecting few gains investors morning past pushed saw selling sharp
Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.
coming
They won't go mad; they're coming back after being in the doldrums.
kong lead lesser market markets overseas street takes wall
The Hong Kong market takes the lead from Wall Street and, to a lesser extent, other overseas markets such as Tokyo.
based degree driver economies money overseas perceived primary recovery return
Overseas money is the primary driver based on a return of a degree of confidence. It is now perceived that most economies have bottomed out and are now on a recovery trend.
explains gains kong lead overseas tokyo took wall
Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.
ahead apply change controls earnings faces gain good government happy investors last local looks operations overseas power problems scheme year
It's good to see CLP making a one-off gain last year and investors are happy to see that its earnings from overseas operations are increasing. However, it faces problems ahead as the government looks to change the scheme of controls which apply to local power companies.
bid chinese combat drive invest people savings stock
In a bid to combat deflation, there was a concerted drive by the Chinese authorities to get people to take their savings and invest in the stock markets.
ahead christmas investors market positions quiet
The market was very quiet because most investors didn't want to take any significant positions ahead of the Christmas holidays.
beginning market people point reach trying year
Futures are still trying to point this market up. People are now beginning to say this market could reach 11,000 by the year end.
appetite correction good market moving recent sharp sort
Some sort of correction was overdue. The market may now be moving into consolidation after recent sharp gains. There is still a good appetite for stocks.
cautious interest investors
There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.