Property stocks will still be volatile due to the interest rate worries... you see some investors took profit at some high levels.
The interest rate worries are still there. The downside is still high, and for next week, the market will be locked in a tight range between 15,200 and 15,500 as the index futures contracts roll over.
We should have a rebound today as we are oversold but it will be very difficult for the market to resume an uptrend for now.
The market is turning weak. The short-term downside risks are high.
We're still in sluggish trade. Confidence is not good in Hong Kong investors are still worried about interest rates and the market is not optimistic about the results announcements.
The market has confirmed the breakthrough above 16,000 and that is giving confidence.