Liu Yu Range Quotations

The market still faces pressure when it heads towards the 1,300 level. It may fluctuate in a narrow range this week, waiting for more stimulus from the regulator.

The broad market has a good long-term prospect as there is an abundant supply of funds and on China's booming economic growth. But I expect the index may still move in a narrow range now as institutional investors unload some of their positions and buy others.

Blue chips were sought after yesterday after the recent correction. But you will probably see the index move in a narrow range before any stimulus is launched to bolster the market.