 |
|
  |
2009-7-7 03:18:00 p.m. HKT, XFNA
DJ MARKET TALK: Mainland Developers Fall More; Normal Pft-Taking
|
| |
| 1508 [Dow Jones] Profit-taking in mainland property stocks accelerating in afternoon with several big names now down by more than 4% vs HSI down 0.2%; most still comfortably above 10-day moving averages which may offer short-term support. Still, this looks more like normal profit-taking rather than start of fresh downtrend, especially given continued positive newsflow on rising property transaction, price hikes, record-breaking landbank sales, thus any meaningful pullback may be taken as chance to accumulate quality developers. China Resources Land (1109.HK) down 3.2% at HK$17.18, R&F Properties (2777.HK) down 4.3% at HK$17.48, Agile Property (3383.HK) off 4.9% at HK$10.44.(RLI) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(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 |
| |
|
|
|
