THE market will open on a weak note tomorrow, brokers say. In London, Hong Kong stocks closed lower on Friday, indicating a fall of about 120 points if the trend is followed at the opening bell in the territory tomorrow. Brokers say the market mood in HongKong will follow the movements in London. However, the index will have support at 8,800 points and will face selling pressure at 9,500 points. ''It will stay around 9,000 points,'' said Ben Kwong, senior analyst of G.K. Goh Securities. He said Hutchison's announcement to sell its British telecommunication business last Friday had little impact on market sentiment. ''Apart from Hutchison, almost all Hong Kong stocks in London were down last Friday,'' he said. Last week, the index retreated 332.16 points (or 3.56 per cent), following a 600-point rally the previous week. On Monday, the index closed at 9,629, up 300 points. It continued to climb the following day with another rise of 13.72 points. During the last three days of the week the market slowed. On Wednesday, the index was dragged down 290.8 points, followed by drops of 147 points on Thursday and 208 points on Friday when it closed at 8,997 points on a slowdown in liquidity. Overseas investors will see price weakness as buying opportunities. With little sensational news expected to emanate from Governor Chris Patten's cabinet meeting in London, it is unlikely that politics will have much influence on market sentiment this week. ''It is very difficult to play in the market at this moment. Investors have to be cautious,'' said Mr Kwong. He advised investors to watch blue chips counters with low price/earning ratios, and named New World, Hong Kong Bank and Hutchison. He said the average P/E ratio was about 15 times. Those blue chips had a 10-times P/E ratio. ''They are worthwhile investments.'' November's Hang Seng futures closed at 9,130 last Friday while December's closed at 9,120 and March's at 9,160. Standard Chartered says the market expects China to announce the relaxation of its austerity measures at the Party's third plenum session later this month, which should help to boost investor confidence.