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2009-6-25 03:01:00 p.m. HKT, XFNA
DJ MARKET TALK: HSI +2.2%; Tanrich Tips 17,500-18,500 Range N/T
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| 1454 [Dow Jones] HSI +2.2% at 18,278.98, supported by broad-based rally with index likely to stay in 17,500-18,500 range until end-June due to window-dressing activities ahead of half-year end, says Tanrich's Jackson Wong. But volume remains light at HK$39.32 billion, likely due to fund flows to upcoming IPOs, namely Bawang (1338.HK), 361 Degrees (1361.HK). "The index is likely to remain rangebound ahead of the half-year end, but is expected to witness consolidation after the window-dressing factor," says Wong. HK properties higher, after Fed keeps rates unchanged. New World Development (0017.HK) +6.1% at HK$14.18, Sino Land (0083.HK) +3.7% at HK$12.96 and Henderson Land (0012.HK) +5.3% at HK$44.10.(SUT) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(Delayed by 1 hour)
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