HSI ends up 4 pts at 24,892 midday; turnover at HK$37.8bn

    Hong Kong stocks closed broadly weaker on Tuesday morning session despite the US equity markets registered record close overnight. The benchmark index opened 97 points higher which marked the intra-day high and then followed the weaker market trend of mainland, where the annual session of CPPCC will start later.
  By midday, the Hang Seng Index ended up 4 points or 0.02% to 24,892, off an intra-day high of 24,984 and day low of 24,838. The H-share index fell 110 points or 0.9% to 12,102.
  Half-day turnover reduced to HK$37.8 billion from HK$44.4 billion on Monday.
  By 11:30 a.m., the northbound quota balance of the "Shanghai-HK Connect" program was RMB12.931 billion, while the southbound quota balance was RMB10.308 billion, accounting for 99.5% and 98.2% of the daily allowed quotas respectively.
  Oil majors met strong selling pressure on woes of rising inventory. PetroChina (00857) dipped 1.9% to HK$8.77 becoming the top blue-chip loser. CNOOC (00883) and Sinopec (00386) edged down 0.7% to HK$11.1 and HK$6.45.
  Amid the opening of the CPPCC, where environmental issues are believed to top the agenda, investors thus chased relevant stocks. Hanergy (00566) shot up 5% to HK$4.99. GCL-Poly (03800) jumped 5.6% to HK$2.07. GCL New Energy (00451) soared 11.6% to HK$1.06 on its acquisition of a 30% stake in PV power station project.