Bank counters feed further index gains

INVESTOR appetite for bank stocks was the main factor behind yesterday's 16.16-point rise in the Hang Seng Index, with most other large stocks holding steady or slipping slightly.

There was also strong demand for Swire Pacific A shares, apparently on hopes of an end to the strike at associate Cathay Pacific. Many analysts have been telling their clients to switch to Swire from Cathay.

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