MARKET TALK: HSI Set To Rise; May Test 20,000 - Wing Fung

11th Jun 2010 02:18

0118 GMT [Dow Jones] HSI set to rise to track strong showing on Wall Street, may test psychological 20,000 resistance today, says Mark To at Wing Fung Financial. Adds short-covering activity may also offer support, while trading volume remains key to see if any rise sustainable. Tips heavyweights such as HSBC (0005.HK), China Mobile (0941.HK) to be major drivers, with their ADR equivalents +2.4%, 1.2% respectively vs their local closing levels yesterday; adds China banks likely strong amid expected broad-based rally. HSI ends +0.1% at 19,632.70 yesterday. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires June 10, 2010 21:18 ET (01:18 GMT)

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Share	Price	Change
Caledonian Hold (CHP)	0.0035	27.27%
Smarttech247 (S247)	4.75	26.67%
Cellbxhealth (CLBX)	2.40	26.32%
Genedrive (GDR)	0.95	22.82%
Xeros Tech (XSG)	2.30	22.67%

Top Fallers

Share	Price	Change
Versarien (VRS)	0.01	-28.06%
Anglesey Mining (AYM)	0.25	-16.67%
Tomco Energy (TOM)	0.06	-16.67%
Ethernity Net (ENET)	0.011	-12%
Haydale (HAYD)	0.675	-10.34%

Top By Volume

Share	Price	Volume
Caledonian Hold (CHP)	0.0035	3,630,033,775
Alba Mineral Resources (ALBA)	0.018	882,488,293
Mosman Oil & Gas (MSMN)	0.024	802,409,725
Ironveld (IRON)	0.056	651,391,843
Mirriad Advertising (MIRI)	0.0105	405,224,111

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