Hong Kong share prices are likely to continue their rally into this week, dealers said Friday, as a traditional December surge in the market was expected to take hold.
The end of the year was usually good for stocks, said Herbert Lau chief investment officer of CASH asset management, as seasonal goodwill, window dressing and a pause in economic data tended to boost sentiment.
"The market is quite good at the moment and December usually sees a rise in prices so I can see this rally continuing," Lau said.
For the week ending December 12, the Hang Seng Index ended the week at 15,200 points, up 118.91 points or 0.78 percent, from 15,081.
The Link Real Estate Investment Trust (REIT) accounted for much of the turnover in the past week as keen interest in the newly listed marker has sent the stock up 28 percent since its launch last Friday.
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