Howard Gorges
Howard Gorges
buyers came correction days expecting few gains investors morning past pushed saw selling sharp
Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.
cautious interest investors
There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.
bit good government guarantee kong light mortgage provide selling
Yesterday's announcement by the Hong Kong Mortgage Corporation that the government would provide a top-up guarantee on mortgages was good for the market. But we are still a bit cautious. It was very light turnover and there was no real selling pressure.
based degree driver economies money overseas perceived primary recovery return
Overseas money is the primary driver based on a return of a degree of confidence. It is now perceived that most economies have bottomed out and are now on a recovery trend.
beginning market people point reach trying year
Futures are still trying to point this market up. People are now beginning to say this market could reach 11,000 by the year end.
buying commodity mainly select
There is follow-through buying of select H-shares, mainly commodity stocks.
buying hurt people stocks
We are getting a lot of rotational buying on blue-chip stocks right now. People are buying stocks when they are hurt or lagging.
economies further later markets september signs
We could have another surge in the markets later in the year, around September or October, as the economies show further signs of getting stronger.
explains gains kong lead overseas tokyo took wall
Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.
bit growth high might money perhaps potential quite relatively simply
In the long-term, I think there is quite a lot of institutional money that might just want to simply have a yield, a relatively high yield, with perhaps a little bit of growth potential in it.
bid chinese combat drive invest people savings stock
In a bid to combat deflation, there was a concerted drive by the Chinese authorities to get people to take their savings and invest in the stock markets.
account buying cut interest rate seeing
It may not be long before we see another interest rate cut and this could account for the follow-through buying we are seeing today.
coming
They won't go mad; they're coming back after being in the doldrums.
bit good higher markets news push shake
A bit more good news could push the markets higher but any uncertainty could still shake them out.