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Galaxy Securities (06881.HK) receives lackluster response in margin trade
2013-05-10 09:36:25

Galaxy Securities (06881.HK)  +0.140 (2.550%)    Short selling $11.75M; Ratio 5.490%     kicked off IPO yesterday. Some analysts believed that the stock of Galaxy Securities is undervalued and more attractive than another new share Sinopec Engineering (02386.HK)  +0.050 (0.583%)   , but Galaxy Securities only received lackluster response in margin trading. Over 10 brokers lent around $440 million margin quota yesterday, only accounted for 40% of targeted proceed to be raised in the public offer.

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