HK shares back to life; Select stocks in China register gains!

hangsengOn Monday, Hong Kong shares revived back to life after facing a one-week low after the Shanghai wrapped up quickly making gains and giving a sigh of relief to the investors.

China's index ladders up, with a better than expected performance and a whammy reserve ratio, after a long financial weekend, following the moves of the U. S. Policy. It closed down 0.49 percent in thin volume, led by banks.

The turnover in Hong Kong was at HK$43.9 billion, dipping a month's low, as compared to the Friday's HK$42.89 billion, which depicted that the investors were following the wait and trial move as the sentiment of the market was a low letting all the investors worried about the monetary holding measures in China and United States.

However investors are extremely cautious as they are not much convinced that the market will take up a whirlwind from here on.

According to the biggies at the Cheer Pearl Investments, it appears to be a tough moment as well as a challenge at the 21,000 level as the movement in the market is still hazy and the investors are not so sure about the U. S. dollar sturdiness and the liquidity in Hong Kong.

Hang Seng, with the holdings of HSBC, inclined to a 3.2 percent. China's top industrial and Commercial Bank of China, inclined to a 1.5 percent, while China Overseas Land gathered 1.2 percent.

The SSEC index ended at 3,003.398 points as compared to a 3,018.133 at the close on Feb. 12, which was the last trading day of the week dipping the points a low.

The market is getting on an improved note with the peace in air with China's economic policy, letting the banks hit by the tightening steps. According to some analysts the market might go a hay way in the coming time and wouldn't be able to perform sturdy, and hence is expected to fall and move slow.

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Technical View on Stocks
Anil ManghnaniRajat BoseVijay BhambwaniAmbareesh BaligaPrakash GabaSudarshan SukhaniAshwani GujralAshu Madan



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