Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips.
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The strong fund flow supported gains in the market. Investors were buying property stocks following recent weakness in the sector due to concerns over interest rates.Peter Lai
Continued fund flow into Hong Kong and positive market performance overseas helped support gains in the market.
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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.
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Commodity stocks were dragged down by profit-taking after sharp gains last week.
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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.
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