 |
|
  |
2009-5-19 12:41:00 p.m. HKT, XFNA
DJ MARKET TALK: HSI +3.0% Midday; But Stay Alert On HKD-Celestial
|
| |
| 1234 [Dow Jones] HSI +3.0% at 17,538.69 midday, finally cracking 250-day moving average of 17,236, bolstered by regional strength on Wall Street cue; volume robust at HK$50.79 billion. Celestial Securities says market sentiment remains positive, HSI's next target 18,000 "if hot money continues to flow into local market," though reminds investors to stay alert on the HKD/USD exchange rate trend as indicator if hot money starts to flow out. Except for defensive utility stocks, all blue chips up in broad-based strength; those rising by more than 5% include Sino Land (0083.HK), Hang Lung Properties (0101.HK), China Merchants (0144.HK), China Resources (0291.HK), Yue Yuen (0551.HK), PetroChina (0857.HK), Ping An (2318.HK), Chalco (2600.HK).(RLI)
(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 |
| |
|
|
|
