BROKERS expect the stock market to stage a technical rebound today, with the positive interim earnings results from the territory's two biggest banks tipped to end eight consecutive sessions of losses. Analysts said the results of HSBC Holdings and Hang Seng Bank, disclosed yesterday after the close of a nervous market, could be seen by otherwise indifferent investors as reasons to revive trading Morgan Grenfell director David Lavington said: 'I would think we will see a recovery in Hongkong Bank on these better than expected results. It should help [boost the market] - it's a big index stock,' accounting for about 17 per cent of the Hang Seng Index. Yesterday, HSBC and Hang Seng Bank were pummelled in worried trading, with the banking sub-index losing 123.22 points or 1.41 per cent to close at 8,609.18. HSBC dropped $1.75 to $99.75, while Hang Seng Bank lost 50 cents to $63.75. Seapower Securities analyst Patrick Chia said: 'I expect a technical rebound. HSBC and Hang Seng Bank have been under a lot of selling. They should do better.' But some analysts warned that moves on Wall Street could have a greater impact on sentiment than the earnings figures. Dharmala Securities research director Ben Kwong said: 'If Wall Street bounces back overnight, together with the positive banking results, you will see the market stage a technical rebound. 'But it really does still depend on Wall Street.' Kleinwort Benson head of sales Nial Gooding took a different view. 'People don't care about earnings,' he said. 'It has been a question of 'buy the rumour, sell the fact'. If they (results) are good, the market goes down. If they're bad, the market goes down. It doesn't make any sense.'