Investment Daily

Hang Seng Index made some rebound but the turnover was low. It increased 298points and closed at 25,924 points. HSCEI closed at 10,520 points, falling 135point. Turnover was $65.7 billion. The surging mainland coal price stimulated theindustry stock prices. On the other hand, the concept of ‘A share inclusion inMSCI’ led to stock price gain for mainland insurance and securities sectors.

    After recent sell off, major US high technology stocks rebounded sharply onMonday, which supported the US stock market to perform well. The Nasdaq rose87 points (to 6,239) which is the largest single day rise in the past 7 months.

    Besides, the Dow continued to hit new high, rose 145 points (to 21,529). On theother hand, oil price resumed its downtrend, fell 1.3% to 44.2 US dollar per barrel.

    Gold price also fell 0.8% to 1,247 US dollar per ounce.

    Local blue chips performed well in the US ADR market last night, it will bringsupport to HK stock market today. However, market turnover remained weak, itmight impact upside room. On the other hand, investors focus will eye on whetherMSCI will approve to add A share during its annual review.