Hong Kong's Hang Seng Index gaining 0.1% to 24756.85 to notch up

Market Overview:-

Hong Kong's Hang Seng Index gaining 0.1% to 24756.85 to notch up its eighth consecutive day of gains as the market finished its best month in nearly two years and index has gained 6.8% over the month.. Overall breath was positive during the day as most of the stock traded with positive biasness. Hang Seng Index closed with white candle on on today trading session.

Technically, Hang Seng index saw the year high, couple with MACDs bullish gap expanded, showing momentum strong. Hang Seng index first support would be 10DMA (23,789), while next support would be seen at 50DMA (23,272). For resistance, 24,500 become first resistance, while next resistance would be seen at 25,000

Stock Pick for the day: Bank of East Asia

TOP GAINERS

Name	Closing	% Change
CHINA OVERSEAS	23.800	4.61%
CHINA RES LAND	18.200	3.65%
CHINA LIFE	23.350	1.74%
SHK PPT	117.900	1.73%
HKEX	173.500	1.34%

TOP LOSER

Name	Closing	% Change
PETROCHINA	10.180	-2.49%
CHINA RESOURCES	23.650	-2.07%
HANG LUNG PPT	24.050	-1.64%
KUNLUN ENERGY	13.240	-1.63%
MTR CORPORATION	30.550	-0.97%

INDICATORS:-

MACD Line is likely to cross its single line, which can bring upward momentum in the stock.

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