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2009-6-30 03:02:00 p.m. HKT, XFNA
DJ MARKET TALK: HSI Off Highs, +0.5%; Firm Resistance At 19,000
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| 1452 [Dow Jones] HSI narrows gains, +0.5% at 18,620.35 vs 18,667.30 midday, intraday high of 18,883.24; profit-taking eyed with market rising for 4th day out of 5 sessions. Volume stronger than recent average but not overwhelming at HK$39.97 billion; firm resistance remains at 19,000. Taifook Securities says month-long consolidation in June (despite choppy trade, HSI only +2.0% month-to-yesterday) "bodes well for more upside in July," though HSI has registered 4 consecutive monthly gains. Tencent (0700.HK) bucks uptrend, off 5.3% at HK$89.55 on profit-taking after recent rally to record high; Sinopec (0386.HK) +4.4% at HK$5.97 after China's latest refined oil product price hike.(RLI)
(Delayed by 1 hour)
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