Investors were active in buying properties after recent correction. Buying interest in China-related stocks was also very strong.
Investors are buying property shares ahead of results. Most expect the results to be strong on the back of contributions from new (property) developments which should have contributed to earnings in the six months to December.
There wasn't much buying interest at all today despite the slight gains. The market is still cautious about the outlook for interest rates.
It was a technical rebound, but the upside was limited as the market was still building momentum. Buying interest was still on Chinese stocks, as they looked more attractive with their earnings stories.