Citic Securities makes lukewarm trading debut

In a deal that many market participants were watching closely, specialists reckon Citic Securities' debut did as well as could be expected.

Hong Kong-listed shares in Citic Securities, China’s biggest publicly traded brokerage, ended unchanged yesterday after tumbling more than 10% during their first day of trading, reflecting weak demand amid the global market volatility.

Citic’s stock price dropped to HK$11.90 $1.5 at one point in the morning trading session yesterday, 10.5% lower than the offer price of HK$13.30, but regained its losses in the afternoon as the Hang Seng Index ended...

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