Funds' selective buying helped support the index. The market extended its gains in late trade also due to some futures-related trading.

Henderson Land's strong gains were due mainly to speculation that it might privatize unit Hong Kong & China Gas and launch a real estate investment trust.

Most investors still believe the influx of cash, or the influx of external funds, will continue.

There's short-term speculation on aviation as gains in other sectors, like financial services, present a chance to increase exposure in other sectors.

The market seems to be overshooting. The metal stocks are going crazy.

The market has corrected about 600 points from the high, so at this moment, the momentum has come back and there will be opportunity for a rebound.