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Tuesday, October 28, 2014

Hong Kong stock market Overvew


 
Hong Kong stock market analysis, stock picks, technical analysis
Hong Kong Stock Exchange
Hong Kong stocks rose on Tuesday, underpinned by expectations for a slower pace of U.S. interest rate rises and more reforms at Chinese state-owned enterprises. The Hang Seng Index unofficially closed up 1.6 percent at 23,520.36 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 2.3 percent. Index chalked up its biggest daily gains since Sept 3. 


Index is likely to be bullish in upcoming session and Index resistance at the level of 23500 and can take support of 23200. RSI too above 40 mark and on MACD expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biassed in upcoming session.

TOP GAINERS
Name
Closing
% Change
BELLE INT'L
9.320
9.91%
PING AN
60.950
3.22%
CHINA SHENHUA
21.250
3.16%
KUNLUN ENERGY
10.320
2.99%
CHINA MOBILE
91.450
2.81%
 
TOP LOSER
Name
Closing
% Change
HENGAN INT'L
76.850
-1.29%
COSCO PACIFIC
10.120
-0.59%
SWIRE PACIFIC A
101.100
-0.49%
LI & FUNG
9.230
-0.32%
 
Most Active Volume
Name
Closing
% Change
BANK OF CHINA
3.680
487.58M
ICBC
5.050
299.14M
CCB
5.690
275.41M
SINOPEC CORP
6.660
127.03M
PETROCHINA
9.570
90.66M
 
Most Active Turnover
Name
Closing
% Change
BANK OF CHINA
3.680
1.77B
HKEX
169.200
1.62B
CCB
5.690
1.56B
ICBC
5.050
1.50B
CHINA MOBILE
91.450
1.50B

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