Hong Kong stocks posted a slight gain yesterday but turnover all but dried up as investors remain conscious of accounting scandals overseas and a lack of local buying opportunities.
The Hang Seng Index gained 39.7 points or 0.36 per cent to end at 10,843.15.
Another 31 million Tracker Fund units were taken up, leaving 223 million of the original 720 million batch for the third quarter.
However, turnover sank to a three-month low of only HK$4.98 billion.
Tai Fook Securities head of research Marco Mak Tak-kwong said: 'Hong Kong may need to see a more significant improvement in the local economy to restore confidence to buy banking and property sectors while other stocks are affected by overseas sentiment.'
The upcoming initial public offerings of the Bank of China's Hong Kong operations and CK Life Sciences have also been blamed for investor wariness.