Jackson Wong Market Quotations

I don't expect the market to have sharp movement today, with the benchmark index likely to hover within a range of 100 points.

Gains in the market are fund-led. Trading in the region remains relatively strong with funds pursuing select stocks, among them metals. Overnight gains on Wall Street also helped sentiment.

The weakness in the market is likely to continue next month before it builds up momentum for an upside.

There was profit-taking in select blue chips and China-related stocks after recent sharp rises. Investors turned cautious as US and Tokyo markets were weak.

The market was led by H shares which were higher today after Beijing allowed its social security fund to invest in overseas markets.

The market turned lower in late morning due to profit-taking after the sharp gains of 200 points yesterday.

Follow-through interest in select blue chips and China-related stocks drove the benchmark index up. Funds kept chasing these stocks after the market broke through the 16,000 points level.