Hong Kong stocks ended fractionally firmer as the market failed to take heart from the Dow's overnight advance and blue-chip movements cancelled each other out. Much of the buying was outside the index, focusing on red chips and second-liners. Andrew Look, portfolio manager at Prudential Portfolio Management, said: 'The market is locked in a tight range between 12,800 and 13,600 points. The first major result [HSBC] was discounted, so the market couldn't use it to push up.' The Hang Seng Index ended 5.6 points higher at 13,416.36. Turnover was a healthy $12.31 billion compared with Wednesday's $10.72 billion. Overnight, the Dow Jones Industrial Average added 93.13 points on comments from Federal Reserve chairman Alan Greenspan that US stock prices were not overvalued if corporate earnings were in line with expectations. Investment analyst Marc Faber said: 'The market is not acting well here. New York was up 93 points and Hong Kong is flat. 'I think it's because people now realise the property market is not as good as it seemed a few months ago.' Once again, property counters were all over the place. Brokers said some investors were afraid that interest rates were about to climb. Cheung Kong rose 1 per cent to $75.75. Brokers said the market was eagerly awaiting today's pricing of its Laguna Verde units in Hunghom. The level would provide the first indication of the strength of the mass residential property market since the mid-January sale of Sun Hung Kai Properties' East Point City. Henderson Land dropped 1.77 per cent to $69.75 and New World Development was 1.67 per cent weaker at $47.30. Banks were also mixed. Hang Seng Bank continued to slip after poor results on Monday. It ended at $83, down 50 cents. It has shed 7.27 per cent this week. Parent HSBC put on 1.33 per cent to $190.50. Brokers said today's session would fit the established range-trading pattern with some investors sidelined ahead of the release of US jobless figures tonight.