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2009-1-6 10:48:00 a.m. HKT, XFNA
DJ MARKET TALK: HSI Down 0.2%; Don't Chase At Current Levels-DBS
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| 1039 [Dow Jones] HSI down 0.2% at 15,534.71 after moving in and out of positive territory (intraday low at 15,476.83 vs high at 15,651.61); mild profit-taking so far after 8.2% rise over past two sessions, with underlying sentiment in local bourse remaining strong (January HSI futures ended at 81-point premium Monday). "I won't suggest investors to chase at the current levels, as it's too risky," says Peter Lai at DBS. Adds, index may test 15,200-15,300 today. Cnooc (0883.HK) outperforms vs other oil stocks after crude extends gains; stock +0.1% at HK$8.20, while PetroChina (0857.HK) down 1.0% at HK$7.62, Sinopec (0386.HK) down 2.5% at HK$5.13. Volume light at HK$10.80 billion.(SUT)
(Delayed by 1 hour)
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