TRACK  RECORD  OF  HANG SENG INDEX   MARKET  ALERTS
 
                                     For Years  2005 - 06  updated Mar 31, 2006
 
   Buy       Index     Sell     Index   Points      % Gain     Points  % Gain   Cumulat.   Cumulative
   Date      Value     Date     Value   Gained      for        Gained  for       Gain % Investment Gain
                                        for         Buying     for     Selling
                                        Buying                 Selling                   Investment sum
                                                                                         = US$10,000
                                                                                              10000
  Jan 10,05   13525   Jan 19   13638       113        0.84       261                         10,084                                                                         0.835
                                                                          1.91     1.91      10,277                                                                         1.914
  Jan 25      13377   Feb 1    13697       320        2.39       202               4.31      10,522                                                                         2.392
                                                                          1.47     5.78      10,678                                                                         1.475
  Feb 3       13495   Feb 16   14040       545        4.04        94               9.82      11,109                                                                         4.039
                                                                          0.67    10.49      11,183                                                                          0.67
  Feb 24      13946   Feb 28   14100       154        1.10       412              11.59      11,307                                                                         1.104
                                                                          2.92    14.52      11,637                                                                         2.922
  Mar 8       13688   Mar 9    13819       131        0.96        79              15.47      11,748                                                                         0.957
                                                                          0.57    16.04      11,816                                                                         0.572
  Mar 10      13740   Mar 22   13790        50        0.36       236              16.41      11,859                                                                         0.364
                                                                          1.71    18.12      12,061                                                                         1.711
  Mar 24      13554   Mar 29   13520       -34       -0.25       100              17.87      12,031                                                                         -0.25
                                                                          0.74    18.61      12,120                                                                          0.74
  Mar 30      13420   Apr 15   13566       146        1.09       153              19.70      12,252                                                                         1.088
                                                                          1.13    20.82      12,390                                                                         1.128
  Apr 21      13413   Apr 28   13884       471        3.51        28              24.34      12,825                                                                         3.512
                                                                          0.20    24.54      12,851                                                                         0.202
  May 4       13856   May 10   14005       149        1.08       302              25.61      12,989                                                                         1.075
                                                                          2.16    27.77      13,269                                                                         2.156
  May 27      13703   Jun 2    13872       169        1.23       -59              29.00      13,433                                                                         1.233
                                                                         -0.43    28.58      13,376                                                                         -0.43
  Jun 8       13931   Jun 13   13975        44        0.32         4              28.89      13,418                                                                         0.316
                                                                          0.03    28.92      13,422                                                                         0.029
  Jun 20      13971   Jul 4    14208       237        1.70        64              30.62      13,650                                                                         1.696
                                                                          0.45    31.07      13,711                                                                          0.45
  Jul 12      14144   Jul 26   14805       661        4.67      -141              35.74      14,352                                                                         4.673
                                                                         -0.95    34.79      14,215                                                                         -0.95
  Aug 1       14946   Aug 4    15136       190        1.27        26              36.06      14,396                                                                         1.271
                                                                          0.17    36.23      14,421                                                                         0.172
  Aug 9       15110   Aug 15   15383       273        1.81       586              38.04      14,681                                                                         1.807
                                                                          3.81    41.85      15,241                                                                         3.809
  Aug 31      14797   Sep 7    15231       434        2.93        80              44.78      15,688                                                                         2.933
                                                                          0.53    45.31      15,770                                                                         0.525
  Sep 20      15151   Sep 30   15440       289        1.91      1061              47.21      16,071                                                                         1.907
                                                                          6.87    54.09      17,175                                                                         6.872
  Oct 31      14379   Nov 4    14494       115        0.80       124              54.89      17,313                                                                           0.8
                                                                          0.86    55.74      17,461                                                                         0.856
  Nov 8       14370   Nov 14   14693       323        2.25       115              57.99      17,853                                                                         2.248
                                                                          0.78    58.77      17,993                                                                         0.783
  Nov 15      14578   Nov 18   14845       267        1.83        13              60.60      18,322                                                                         1.832
                                                                          0.09    60.69      18,338                                                                         0.088
  Nov 22      14832   Nov 28   15124       292        1.97       159              62.66      18,699                                                                         1.969
                                                                          1.05    63.71      18,896                                                                         1.051
  Dec 1       14965   Dec 2    15258       293        1.96       311              65.67      19,266                                                                         1.958
                                                                          2.04    67.71      19,659                                                                         2.038
  Dec 9       14947   Dec 21   15275       328        2.19       299              69.90      20,090                                                                         2.194
                                                                          1.96    71.86      20,483                                                                         1.957
  Jan 3, 06   14976   Jan 16   15835       859        5.74       285              77.59      21,658                                                                         5.736
                                                                          1.80    79.39      22,048                                                                           1.8
  Jan 19      15550   Jan 20   15630        80        0.51       203              79.91      22,162                                                                         0.514
                                                                          1.30    81.21      22,449                                                                         1.299
  Jan 23      15427   Feb 1    15792       365        2.37       359              83.57      22,981                                                                         2.366
                                                                          2.27    85.85      23,503                                                                         2.273
  Feb 6       15433   Feb 7    15515        82        0.53       176              86.38      23,628                                                                         0.531
                                                                          1.13    87.51      23,896                                                                         1.134
  Feb 14      15339   Feb 21   15621       282        1.84       -28              89.35      24,335                                                                         1.838
                                                                         -0.18    89.17      24,292                                                                         -0.18
  Feb 23      15649   Feb 27   15948       299        1.91       151              91.08      24,756                                                                         1.911
                                                                          0.95    92.03      24,990                                                                         0.947
  Mar 2       15797   Mar 3    15856        59        0.37       524              92.40      25,083                                                                         0.373
                                                                          3.30    95.71      25,912                                                                         3.305
  Mar 8       15332   Mar 20   15850       518        3.38       175              99.09      26,788                                                                         3.379
                                                                          1.10   100.19      27,084                                                                         1.104
  Mar 23      15675   Mar 24   15735        60        0.38       -14             100.57      27,187                                                                         0.383
                                                                         -0.09   100.48      27,163                                                                         -0.09
  Mar 27      15749   Mar 31   15886       137        0.87                       101.35      27,399                                                                          0.87
                                                                                                                                                                                0
                                                                                                                                                                                0
 
                              Totals      8701       59.85      6340     42.33   102.19
 
 
                    Total Index Points Gained This Year :      15041 Points
                    Total % Gained This Year :                 102.2 %
 
                    Cumulative Index Points Gained This Yr     15041 Points
                    Total % Gained This Year :                   102 %
 
                    Performance of last transaction when marked to market:
 
                    Total Index Points Gained :                   75 Points
                    Total % Gained :                             0.5 %                       27,531                                                                          0.48
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
               0.835
                                                                          1.91   137.96      41,048                                                                         1.914
  Jan 25      13377   Feb 1    13697       320        2.39       202             140.35      42,030                                                                         2.392
                                                                          1.47   141.82      42,650                                                                         1.475
  Feb 3       13495   Feb 16   14040       545        4.04        94             145.86      44,372                                                                         4.039
                                                                          0.67   146.53      44,669                                                                          0.67
  Feb 24      13946   Feb 28   14100       154        1.10       412             147.64      45,162                                                                         1.104
                                                                          2.92   150.56      46,482                                                                         2.922
  Mar 8       13688   Mar 9    13819       131        0.96        79             151.51      46,927                                                                         0.957
                                                                          0.57   152.09      47,195                                                                         0.572
  Mar 10      13740   Mar 22   13790        50        0.36       236             152.45      47,367                                                                         0.364
                                                                          1.71   154.16      48,178                                                                         1.711
  Mar 24      13554   Mar 29   13520       -34       -0.25       100             153.91      48,057                                                                         -0.25
                                                                          0.74   154.65      48,412                                                                          0.74
  Mar 30      13420
 
 
 
 
 
 
                              Totals      3163       24.40      3534     26.50    50.90
 
 
                    Total Index Points Gained This Year :       6697 Points
                    Total % Gained This Year :                  50.9 %
 
                    Cumulative Index Points Gained This Yr      6697 Points
                    Total % Gained This Year :                    51 %
 
                    Performance of last transaction when marked to market:
 
                    Total Index Points Gained :                  255 Points
                    Total % Gained :                             1.9 %                       49,332                                                                           1.9