Some investors took profits in select blue chips, driving the benchmark index into negative territory. Trading was confined to a narrow range ... ahead of the long Christmas holiday.
More Quotes from Jackson Wong:
Sentiment is weak as shares continue to consolidate February gains. The trend will be somewhat like this in the near term.Jackson Wong
Follow-through interest in select blue chips and China-related stocks drove the benchmark index up. Funds kept chasing these stocks after the market broke through the 16,000 points level.
Jackson Wong
Profit-taking took hold following recent gains. I believe the lack of any significant local news prevented a further rise in the index.
Jackson Wong
Banks and property stocks still have room for upside following strong interest in these stocks Friday. Easing interest rate worries and mortgage cuts offered by banks should help support sentiment for the sector.
Jackson Wong
There was profit-taking in select blue chips and China-related stocks after recent sharp rises. Investors turned cautious as US and Tokyo markets were weak.
Jackson Wong
Trading is cautious ahead of the US jobs data. It should give us an idea about the interest rate trends in the coming months.
Jackson Wong
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