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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (107788)	6/7/2000 1:03:00 AM
From: 2MAR$	Respond to of 108040

HK stocks up slightly at midday =2 Profit taking at the opening focused on blue chips as the market tracked Wall Street's slight fall on Tuesday during a correction after the market's strong rebound in the past week. But downside was limited with many stocks rebounding. China Telecom <0941.HK> (soon to change its name to China Mobile) was the main drag on the market in morning trade, dropping to HK$62.5 before recovering to HK$64, down 3.03 percent. The stock has been heavily bought in recent sessions and was due for a correction, analysts said. Banking stocks were the star performers. HSBC Holdings <0005.HK> gained 1.96 percent to HK$91.25; Bank of East Asia <0023.HK> rose 3.9 percent to HK$16; and Dao Heng Bank <0223.HK> jumped 9.97 percent to HK$37.50. "Investors like Dao Heng and Bank of East Asia because they are quite aggressive in e-banking," said Steve Lo, dealing director at OSK Asia Securities. MORE * end of story *