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2009-6-1 10:30:00 a.m. HKT, XFNA
DJ MARKET TALK: HSI +2.2%; Hard To Predict Rally's High -ICEA
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| 1023 [Dow Jones] HSI +2.2% at 18,564.95, extending 6.9% rally over past 2 sessions, supported by Wall Street rally with sentiment staying upbeat. ICEA tips index in 18,500-18,700 range today. "In view of strong liquidity, it is hard to predict the high of this rally and a substantial pullback is unlikely to take place in the near term," says ICEA. Sinopec (0386.HK) +4.2% at HK$6.48, PetroChina (0857.HK) +3.4% at HK$9.19 after news China raises gasoline, diesel prices. Tencent (0700.HK) down 1.6% at HK$85.00 after Goldman Sachs removes stock from Conviction Buy list. Volume brisk at HK$13.38 billion.(SUT)
(Delayed by 1 hour)
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