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OPTIMISM returned to the futures market early yesterday as investors realised the market was oversold.
The sudden emergence of top economists saying the Hong Kong market was still a good buy, with value for money, factored into the consolidation.
Hang Seng futures out-performed the Hang Seng Index, putting on 500 points to close at 9,490, a 24.47-point premium to the cash market.
The Hang Seng Index was no slouch, staging a big comeback to rise 453.36 points to close at 9,465.53.
Total number of lots was 29,159. Open interests in March stood at 27,869.
News of Jardine Matheson's decision to delist from the Hong Kong stock exchange by the end of the year caused a slip in an otherwise bullish market.
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