Some hope the bank will serve as a catalyst for the index to breach the 16,000 point level when it announces results next Monday.
More Quotes from Kenny Tang:
The upside should be sustainable due to its attractive yield.Kenny Tang
We're seeing some bargain hunting in China Mobile as some funds are switching from interest-rate sensitive stocks that have rallied to China shares.
Kenny Tang
There wasn't much buying interest at all today despite the slight gains. The market is still cautious about the outlook for interest rates.
Kenny Tang
The market was supported by Wall Street's rebound. There is also some optimism about HSBC driving up share prices.
Kenny Tang
It was a technical rebound, but the upside was limited as the market was still building momentum. Buying interest was still on Chinese stocks, as they looked more attractive with their earnings stories.
Kenny Tang
As the nation's largest player in this market, Nine Dragons would definitely grab more market attention than Lee Man.
Kenny Tang
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