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Greece has not reached an agreement with the Eurozone finance ministers on the debt negotiations and European and the United States stock markets softened. Therefore, Hang Seng Index opened down 54 pts this morning and once hit the lowest at 27,520, down 197 pts. The index closed at 27,630 at midday, down 87 pts or 0.32%. Hang Seng Chinese Enterprises Index fell 146 pts or 1.03% to 14,036. The market turnover amounted to $78.147 billion.

HSBC HOLDINGS (00005.HK)  -0.550 (-0.726%)    Short selling $78.89M; Ratio 11.090%   and CHINA MOBILE (00941.HK)  -1.400 (-1.300%)    Short selling $62.32M; Ratio 11.548%   both edged down nearly 0.3%, last stood at $75.55 and $107.4 respectively. TENCENT (00700.HK)  -0.500 (-0.315%)    Short selling $126.13M; Ratio 9.754%   , which is going to publish its quarterly results on Wednesday, was still hot and further gained 1.2% to $160.5 while GOME (00493.HK)  -0.110 (-4.783%)    Short selling $87.57M; Ratio 7.408%   softened 4.3%.

Chinese nuclear power stocks started IPO in the A-share markets and the news stimulated the relevant stocks in Hong Kong to fare well. CGN POWER (01816.HK)  +0.120 (+2.864%)    Short selling $4.74M; Ratio 0.910%   surged 3.8%. DONGFANG ELEC (01072.HK)  +0.280 (+1.636%)    Short selling $4.48M; Ratio 3.627%   and SH ELECTRIC (02727.HK)  +0.384 (+4.977%)    Short selling $23.10M; Ratio 1.992%   jumped 2.8% and 5.9% respectively. On the other hand, the infrastructure and oil stocks headed south. SINOPEC CORP (00386.HK)  -0.180 (-2.535%)    Short selling $9.41M; Ratio 2.324%   declined 2.7%. CHINA RAILWAY (00390.HK)  -0.300 (-2.941%)    Short selling $4.52M; Ratio 2.098%   and CHINA RAIL CONS (01186.HK)  -0.400 (-2.721%)    Short selling $11.43M; Ratio 8.971%   fell 2.8% and 1.5%.

TIC TAC INT'L (01470.HK)  N/A (N/A)   , being a mid-range Swiss watch retailer, was on debut today. The stock closed at $1.16 at midday and soared nearly 71% as compared to the IPO price of $0.68. The stock previously recorded an over-subscription of 838 times in public offering and the one-lot success rate was only 20%.

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