Property Shares Press Hang Seng Index

Still negative sentiment surrounding the stock market in Hong Kong. At the opening of trading today, Hangseng index opened down 0.95% to a level of 21 307. Yesterday (22 / 4), the stock market of Hong Kong and China closed down following the government’s plan to reduce the bubble in the property sector to prevent the increase in house prices, which hit the property sector and banking shares. Sub propertidi stock index falling by 1.6% Hangseng and make this sector shares fell 8% recorded in the past two weeks, though in a split year on year (yoy) property sector index still rose by 12%.

“But the uptrend channel is still intact and provides an opportunity rise again,” said Rekhmen Abadi, Analyst Valbury Asia Futures. Today, he estimates the level of support in the indices Hangseng resistancepada 21390-21266 and 21766-21908.

Shares Property