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HK shares open flat; China Metal makes strong debut

Published 06/21/2009, 09:59 PM
Updated 06/21/2009, 10:08 PM

HONG KONG, June 22 (Reuters) - Hong Kong shares will open barely changed on Monday on investor caution ahead of the U.S. Federal Reserve's interest rate meeting this week, while property stocks were set for a strong start as homes sales continue to show signs of a rebound.

The benchmark Hang Seng Index will start 14.54 points lower at 17,906.39.

New listing China Metal Recycling will make its debut at HK$6.30, a 22 percent increase over its offer price of HK$5.18 per share.

The China Enterprises Index, which respresents top locally listed mailand Chinese stocks, will open 0.2 percent lower at 10,490.67. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)

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