The market turned lower in late morning due to profit-taking after the sharp gains of 200 points yesterday.

The market was led by H shares which were higher today after Beijing allowed its social security fund to invest in overseas markets.

Follow-through interest in select blue chips and China-related stocks drove the benchmark index up. Funds kept chasing these stocks after the market broke through the 16,000 points level.

There was profit-taking in select blue chips and China-related stocks after recent sharp rises. Investors turned cautious as US and Tokyo markets were weak.

They have a good team. I think they're going to do well in league this year. We're 4-0 and I can't remember the last time we were 4-0. I think every year we say it's anyone's league but this year it's truly anyone's to win because as of right now, the teams we've seen don't have a big hitter.

The weakness in the market is likely to continue next month before it builds up momentum for an upside.

Banks and property stocks still have room for upside following strong interest in these stocks Friday. Easing interest rate worries and mortgage cuts offered by banks should help support sentiment for the sector.

Speculation about a generous dividend payout is helping support the stock. But investors remain cautious about CLP due to uncertainties surrounding talks with the government over the scheme of controls and other related regulations governing the sector.

Profit-taking took hold following recent gains. I believe the lack of any significant local news prevented a further rise in the index.

We've had two days of sharp selling, and maybe some overselling.