 |
|
  |
2009-1-12 02:52:00 p.m. HKT, XFNA
DJ MARKET TALK: HSI Down 2.4%; Next Support At 13,800 - Redford
|
| |
| 1445 [Dow Jones] HSI down 2.4% at 14,027.44, led by falls in China banks on concerns more major shareholders will sell down stakes; index may find next support at 13,800, after breaching below 50-day moving average of 14,175, says Kenny Tang at Redford. But says further downside likely limited after 7.6% fall over past 4 sessions. "Trading is lackluster today, as we can see from the thin trading volume," says Tang. Bank of China (3988.HK) down 4.1% at HK$1.88, on further placement concerns with stock topping short-selling list midday with HK$361.01 million. Cnooc (0883.HK) down 4.2% at HK$7.14, PetroChina (0857.HK) down 4.8% at HK$6.68 with crude price staying low. Volume thin at HK$28.39 billion.(SUT)
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
