FX.co ★ Hong Kong Stock Market Review

HK shares closed up in thin volume with HK$55,296.94 Mln. traded, according to HK stock exchange daily data. HSI edged up 0.10% at 20,456.32 as Shanghai Composite extended it gains today that positively reflected on HK stock market at HK$2.36.
Among most gainers are Gcl-Poly Energy that closed up 8.76%, China Strategic up 19.23% at HK$0.31, G-Resources up 5.45% at HK$0.58, C Zenith Chem up 10.84$ at HK$0.184, Shanghai Real Estates up 4.82% at HK$0.87.

In addition, more and more HK analyst predicts “real storm” in the stock market as the benchmark index has been trading sideway for so long. However, they are not sure in which way the breakthrough will happen. Historically, the market broke on the downside, but last time it did not happen that way.

Best regards,

Analyst: Vladimir Donin