THE meeting of the Sino-British Joint Liaison Group and the resumption of talks on the new airport will see investors return to the market on an optimistic note after the long weekend, brokers say.
Analysts welcome the announcement from the Sino-British Airport Committee after the close of trading on Friday that talks would continue on June 18, saying the market is likely to move forward following profit taking at the end of last week.
''The market is fairly valued pending further announcements, so we will take a direction from the [Joint Liaison] meetings,'' said Philip Pitchard, assistant director of SBCI Securities.
Turnover is expected to remain buoyant. Brokers noted that liquidity in the market is being held up by mainland Chinese investment, which entered the Hongkong market following the yuan's devaluation at the beginning of the month.
Many institutional investors sat on the sidelines last week, and are likely to take a more cautious approach this week.
''The focus is likely to remain on second and third liners,'' said Mr Pitchard.