Anticipated retreat: HSI 23,366.37 (-126.66)

The Monday US retreated slightly with investors waiting for more clue from Fed to be released later this week. DJIA finished at 15,335 (-19). The AP markets continued to be strong this morning.

This morning the May futures opened at 23,327 (-41) bringing HSI to open at 23,426 (-67). More profit taking was triggered with the index lost contributed mainly by Tencent and China Mobile. Goldman Sachs announced to sell off all its remaining virgin shares in ICBC at HK$5.5/share, cashing for 1.1 bil US$. This also triggered more selling in the China banking sector. The morning session finished at 23,376 (-117). Half day turnover is 40.3 bil HK$.

There was little change to the market in the afternoon. HSI finished at 23,366 (-127). Total turnover of the day was 71.3 bil HK$.

AlertWatch (Current) (Archive)

Mark's Column
Professor Mark's column alerts you of all important decisions at the turning points.

Bull III Outlook Holds June 30, 2011.

Bull III is Coming Apr 7, 2011.

Bull II top correction imminent Dec 21, 2010.

Bull market top coming Nov 15, 2010.

After Bull Correction May 31, 2010.

Bull Correction Dec 1, 2009.
Please sign up for the invaluable analysis.

Historical data order

Indices

Summary/Indices Archive 

Top 10 Gainers/Losers

Hang Seng Index Chart

HK Market in Brief 

HK Company Codes