Writing Stock Market Summary

Stock market summary
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At the closure of the trading activities on the Mong Kok Stock Market on Thursday, various changes could be recorded for the day. In particular, there were changes in the prices of Oil as was measured by Nymex WTI Crude Futures. The results for the measurement for the day in comparison to previous day indicated that oil prices increased from $52.50 to $53.88. This significant rise in the oil prices was expected as it has been a trend since last August when the prices of oil started rising and had been steadily doing so after a $40 low hit by the crude Futures. The previous day a statement from the local central bank had indicated that the interest rates would remain the same for the Mong Kok Stock market during the day.
The nervousness has fueled the situation among the shareholders following the First Eastern Bank announcing its intention to acquire the smaller Lung Wing Bank. For the First Eastern Bank to make the acquisition, it means it would have to get extra resources regarding finance a situation that is likely to lead the Bank running into debts. As at the time of the announcement, Eastern bided the price per share at $110 the level which any competitor is offering a better price per share is likely to come out and purchase the Wing Bank. The situation is creating a lot of uncertainty among the traders in the market who do not want to invest their shares in the stock market.
Earlier, there were a lot of expectations among the stakeholders in the oil industry especially the companies that transport the oil and the power utilities.

The parties were expecting this kind of rise in the prices of oil even though they are much hit with the news of oil prices rising steadily. However, on the part of the experts including the economic analysts, such continuous increase in the oil prices is likely to make the better earnings for the transporters and the power utilities and the related sectors. The expectations for the further rise in the prices is the greatest worry for stakeholders within the energy industry and even the consumers.
At the same time, the stay of the interest rates at the higher level with no possibility of coming down has as well given sleepless nights to the investors especially those in the real estate. There has been worry that the rate of interests is not likely to come down soon creating a lot of fear for loss by the investors. As a 59-year-old local (male) resident Mak Yu-Sik said, “I had been hoping for an interest rate cut. Now I’ll have to postpone buying a new flat as mortgage rates are still too high.” I had been hoping for an interest rate cut. Now I’ll have to his indicates the fearful expectations that the investors have a situation that is likely to be worse even in future.
The prices of oil and the interest rates are crucial aspects in the economy of the state, and these are the driving forces behind the success of the economy. A significant change in either of the two or even both is likely to create an uncertain situation such as what Mong Kok stock market is experiencing. As this situation is continuous, there is the likelihood that many traders in the energy industry will hold back on large investments with fear of uncertainty. The same scenario is likely to be experienced in real estate.