Howard Gorges
Howard Gorges
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.
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.
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.
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.
economies further later markets september signs
We could have another surge in the markets later in the year, around September or October, as the economies show further signs of getting stronger.
buying hurt people stocks
We are getting a lot of rotational buying on blue-chip stocks right now. People are buying stocks when they are hurt or lagging.
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.
buying commodity mainly select
There is follow-through buying of select H-shares, mainly commodity stocks.
cautious interest investors
There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.
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.
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.
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.