Little support for August contract

LOW turnover in Hang Seng Index futures in mixed sentiment left the August contract with little support yesterday.

Volume amounted to 6,108 contracts. The August contract fell 110 points to 9,510.

This was compared to a cash market fall of 64 points to 9,537.

The September contract lost 70 points to close at 9,545, in generally lacklustre trading.

Index option trading was also weak with 1,292 lots traded.

Jardine Fleming said: ''Sentiment was mixed dominated in the options market with trading concentrated on the puts.'' Overseas bulls sold August 9,200 puts while bears bought September 9,000 puts, said the brokerage.