Hong Kong stocks made another attempt at breaching the 11,300-point level yesterday, before profit-taking trimmed gains made in the early session. Edward Chan, research director at Standard Chartered Securities, said: 'The market is trading side-ways. Henderson was not enough to boost sentiment.' The market jumped in the early session on strong results posted by Henderson Land and Henderson China. Another bullish day on Wall Street added fuel to investors sentiment, analysts said, but the gains could not be sustained. Dealers said uncertainty over United States inflation figures released last night in Washington and later today prompted selling in the late session. The blue-chip Hang Seng Index ended the day up 15.36 points at 11,251.72. Volume was stronger at $4.41 billion, compared with a revised $3.73 billion on Wednesday. Ricky Tam, senior research analyst at Delta Asia Securities, said the turnover rise was due partly to return of funds previously tied up in the initial public offer for Glorious Sun. Property and banking shares led the market, with investors increasingly confident about the direction of US interest rates. Most analysts are predicting a modest 25-basis point rise in US interbank rates by the end of this month, and both the New York and Hong Kong market are said by traders to have discounted such a move. 'Once the Fed decides to raise [interest rates] it will remove uncertainty in the market and will boost sentiment' Mr Chan said. HSBC finished the day up 0.7 per cent. Hang Seng Bank and Bank of East Asia also closed higher. Swire Pacific rose a strong 1.3 per cent on the day, fuelled by a small warrant offering issued on the stock by Morgan Stanley yesterday. Hong Kong Ferry was one of the strongest stocks in the market yesterday, ending up 4.7 per cent. Brokers said rumours that the company was planning to redevelop one of its property holdings attracted buyers. 'You buy Hong Kong Ferry for its underlying property interest rather than the ferry operations, so whenever there are rumours of property development, there will be some support,' Mr Chan said. Pearl Oriental continued to move up, adding another 4 per cent to a rally that has lifted the stock 10 per cent this month Dealers said the stocks were being driven by warrants issued in recent weeks. China related stocks under-performed the market yesterday, with the Hang Seng China Enterprises Index closing down 0.5 per cent. Shanghai Petrochemical fell after the stock went ex-dividend yesterday, which means investors who did not own the stock before yesterday are not entitled to the latest dividend. The strong rally in international oil prices due to tensions in the Middle East has boosted the share prices of oil companies around the world. Seaunion, whose subsidiaries explore for and develop oil reserves, saw its share price rally 6 per cent.