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Hong Kong Stocks End Week Flat; Laopu Gold Rises as Dida, Tianju Dihe Slump in Debut
Hong Kong stocks remained sluggish throughout the day, with the Hang Seng Index falling nearly 1% and the tech-heavy ChiNext Index performing poorly. The performances of new stock offerings varied, with the older company Golden Ridge rising nearly 73%, wh
After a morning surge, Hong Kong's three major stock indexes fluctuated and fell back, affected by the weakness of technology stocks, causing the Hang Seng Technology Index to widen its decline in the afternoon and ultimately close down 0.96%. The Hang Seng Index was basically flat, while the National Index rose slightly by 0.12%.
New stock: Tianjuhe (02479.HK) closed at HKD 111.6, 33.9% higher than its IPO price, in half a day of trading.
On the first day of listing, Tianjudihe (02479.HK) opened at 113 yuan, up 35.6% from the listing price of 83.33 yuan. The highest/lowest prices were 115.8/105 yuan respectively. The half-day closing price was 111.6 yuan, up 33.9% from the listing price of 83.33 yuan. The half-day trading volume was 770,200 shares, involving 85.4491 million yuan.~
Market quick review: Hong Kong's three major indexes opened low and rose high, with rising gold, oil, and coal industry stocks, and new and old stocks of gold surged more than 60%.
Most network technology stocks have risen, with Pa Gooddoctor up more than 3%, Bilibili up nearly 2%, Xiaomi Group up more than 1%, Kuaishou, Baidu, and Tencent all slightly up; JD.com and Alibaba are slightly down.
Tianju Dihe (Suzhou) Technology's shares rose by 36% in the pre-market session on their Hong Kong debut.
Tianju Dihe (Suzhou) Technology's shares rose by 36% in the pre-market session on their Hong Kong debut.
On the first day of its IPO, Tendo Holdings opened at a high of 35.61%, with a trading volume of over HKD 41.58 million.
On June 28th, Futu News reported that the first day of TJDH had a high opening and is now up 35.61%, trading at HKD 113 as of press time, with a turnover of HKD 41.5888 million and a total market value of HKD 5.663 billion.
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