MARKET TALK: July HSI Futures +0.9%; Positive N/B Bias

27th Jul 2010 08:51

0751 GMT [Dow Jones] July HSI futures +0.9% at 21,023, rising tad more than cash market's +0.8%, marking 6th straight session of gains for HK market. Volume hefty at 90,779 lots, bulk of which likely derived from rollover with contract expiring Thursday. August HSI futures +0.9%, trading at less than 20-point discount to cash, but likely narrower than August fair basis -- with blue chips like HSBC (0005.HK), Hang Seng Bank (0011.HK) going ex-dividend next month -- continuing to signal bullish near-term view. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 27, 2010 03:51 ET (07:51 GMT)