Greece's debt crisis and probable credit tightening in China prevailed over the stock market, and share prices in HK fell as a result. The market in Hong Kong has been affected by the negativity in China and Greece.

Hang Seng Index fell 0.25 percent. Turnover declined to HK$61.7 billion ($$7.9 billion) from HK$65.9 billion on Wednesday.

Analysts anticipate that the stock index will fluctuate between 21,000 to 21,800 points in the remaining month, as it is plausible that investors will remain guarded. Their investment will be contingent on Greek and Chinese debt circumstances.

However, despite the low close, market participants are more hopeful than they were in the beginning of this year.

"Lingering concerns over Greece's debt problems and continued worries about monetary tightening in China pressured the market today, but gains in China Mobile after its results helped the index narrow its losses", said Ben Kwong, Associate Director at KGI Asia.

A statement from the China Banking Regulatory Commission also aggravated apprehension over credit tightening in China. The Commission warned the country's rural financing institutions to be vigilant when it offers loans to local governments, the real estate sector and industries with overcapacity.