Rotate and Profit

Rotational buying evident with liquidity ample, sentiment bullish, market volume strong. One example is property management sector, which pulled back Monday and significantly underperformed. Well, they roared back with a vengeance today, with Eversunshine (1995), Kaisa Prosperity (2168) both up about 7%. Times Neighborhood (9928) came off intraday low of 10.32 and is now up about 1% at 11.08, after US$1 billion cash call.

Mainland developers, on other hand, succumbed to profit-taking after recent rally, with Shimao (0813) and Aoyuan (3883) both falling more than 3%. For investors quick on feet, trading opportunities abound.