Trading was confined within a narrow range in the absence of fresh stimulus. Overseas markets lack momentum and and there isn't any fresh news that could drive up activity.
More Quotes from Alex Wong:
H shares held well yesterday even if there was panic selling in Tokyo and other Asian markets yesterday.Alex Wong
We should have narrow range trading today with a downside bias on profit-taking.
Alex Wong
The market seems to have found support at 15,300 this morning. I think the fact that Nasdaq recovered on bargain hunting in some tech stocks in late trade on Wednesday has stopped stocks falling so sharply here.
Alex Wong
There isn't much momentum in the banking sector the sector simply moved along the general uptrend of the market today.
Alex Wong
Net interest margins in Hong Kong remain under pressure and Standard Chartered Bank's performance here in 2005 would likely not be as strong as in China and elsewhere in the Asia-Pacific where it has expanded aggressively.
Alex Wong
The market is down on Wall Street's performance but it may rebound from here because Hutchison and Cheung Kong don't seem to have too much downside and China Mobile's share price in the U.S. didn't fall too sharply overnight,
Alex Wong
Readers Who Like This Quotation Also Like:
Based on Topics: Trading QuotesI love playing the vamp, and I get sent out for a lot of that stuff, maybe because I do it well.
Jamie Luner
Americans like the British kind of quirkiness and the strange accent. They find it kind of cute or something, with a certain charm.
Nick Park
Fear has its use but cowardice has none.
Mohandas Gandhi