Kenny Tang
Kenny Tang
further hikes indicate interest investors leads market needed rate sensitive trading widely
The market has widely digested trading leads that indicate further interest rate hikes will be needed and thus, investors were not very sensitive to that.
ahead fresh fund leading local mainly market overseas rally sentiment supported
The local market was mainly boosted by overseas gains. Sentiment was strong, supported by fresh fund inflows, leading to a rally ahead of the Lunar New Year.
cause cement cent enthusiasm industry low per problem prospect push shares shocks
The low valuation coupled with the investor's enthusiasm over new shocks could push the shares up 30 to 40 per cent on the debut. However, the problem of overcapacity in the cement industry could cause uncertainty over the long-term prospect of the stock.
blue breach china chips helped main points sentiment stock strong
The main contributor to the index was China Mobile. The strong sentiment for the stock spilled over to other blue chips and helped the index breach the 16,000 points level.