There was strong resistance around the 15,300 level and it made perfect sense for investors to take profit after the recent rally as there was no fresh buying incentive. The (market) sentiment is still positive.
Investors felt like buying after a softer morning open. Players continue to focus on those strong performance stocks when there is nothing much happening in the market.
Buying will not be that strong heading into a long weekend, but the outlook for the Hong Kong stock market is solid.
The U.S. and Japanese markets are down, so people want to wait until Monday when the futures settle.
Nine Dragons' trading debut performance was in line with market expectations.
Nine Dragons' performance was in line with market expectation. Though there was some profit-taking, I expect the stock to post further gains as the price is still cheap.
This will have a positive impact on the stock market and the property market. The stock market has not yet fully reflected this positive factor.
More orders will be coming after the New Year break, as investors are upbeat on the gold price and demand for gold.
