THE stock market went through a roller coaster ride yesterday before finally finishing up 91.04 points at 9,113.96, a gain of 1.01 per cent.
At one stage the market was down 139 points shortly after opening, but the losses were blown away by late afternoon trading which saw the market rally 114 points in the last 15 minutes to close at the day's high.
Brokers said the morning was dominated by pessimistic reports on the outlook for property shares and concern about the threat by the United States to implement Special 301 against China.
A last-minute splurge in the futures market turned the market around.
Traders said the buying was primarily short-covering and arbitrage-related, but some local speculators were jumping on the tail of the rally.
Property stocks continued to lag behind the rest of the market.
