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Monday, October 6, 2014

Hong Kong stock market overview

Hang Seng Stock market



Hong Kong stocks rose, with the benchmark index rising the most in a month, as pro-democracy protesters cleared some barricades after starting talks with officials. The Hang Seng Index increased 1.1 percent to 23,315.04 at the close in Hong Kong after falling as much as 0.3 percent.
Index is likely to trade with positive biased after good bounce back rally of todays trading session with increased volume. Index today tested its major resistance mark of 23400 and closed above its 50 DMA on intraday chart. In upcoming session it can continue its recovery if it manages to give closing above 23400. RSI too bounce back from oversold zone and appearance of bullish cross over on MACD can bring further northward momentum in upcoming session. For down side, index can hold the psychological support of 23000, while next support would be seen at 22700.


TOP GAINERS
Name
Closing
% Change
SANDS CHINA LTD
42.950
7.11%
GALAXY ENT
48.350
6.62%
CHINA RES POWER
22.050
3.52%
TENCENT
119.700
3.19%
HUTCHISON
98.500
3.14%

TOP LOSER
Name
Closing
% Change
CHINA MOBILE
91.950
-0.97%
AIA
40.950
-0.61%
CHINA UNICOM
11.500
-0.52%
MTR CORPORATION
31.000
-0.32%
BELLE INT'L
8.710
-0.11%

Most Active Volume
Name
Closing
% Change
ICBC
4.910
276.99M
BANK OF CHINA
3.510
267.73M
CCB
5.510
238.63M
SINOPEC CORP
6.720
128.87M
PETROCHINA
10.020
62.31M

Most Active Turnover
Name
Closing
% Change
TENCENT
119.700
2.58B
HSBC HOLDINGS
79.100
2.32B
CHINA MOBILE
91.950
2.22B
HKEX
174.800
2.08B
ICBC
4.910
1.36B

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