31.   Bell Potter Securities dealer Geoffrey Hill said the market lacks a clear direction at the moment and with many stock fully priced could fall on negative news.

32.   Brokers said the market lacked a clear direction through much of the day, with a late bout of futures-linked deals pulling prices higher.

33.   Traders said volume was very low and the market lacked direction.

34.   Other European markets also lacked conviction.

35.   The domestic market lacked dynamism and the recovery was uneven.

36.   The market lacked energy as foreign investors were out of the market after the US Thanksgiving holiday break, one broker said.

37.   The market lacked direction because of the absence of fresh US economic indicators since the beginning of the week, said Larry Wachtel, an analyst at Prudential Securities.

38.   The London market eked out a small gain as the market lacked zip due to caution about what the next British budget might contain.