There are some bargain hunting at lows for blue chips but I think the market is likely to move within a range of 15,100 and 15,700 points.
More Quotes from Peter Lai:
It's interest rates the same old story.Peter Lai
HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts.
Peter Lai
You have to talk about the culture before you can talk about business.
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The market was relatively quiet today, with HSBC among the gainers, which helped pull the index out of negative territory.
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The auction results are likely to be neutral but if the site in Repulse Bay could be sold at a good price it should give property stocks a boost.
Peter Lai
Rate-sensitive property and banking stocks continued to support the market in early trade but the gains failed to sustain as investors took profits after recent rallies.
Peter Lai
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