The performance of the newly listed stocks is impressive. New Jiaao RV (00805.HK) surged 26%. Bruker (00325.HK) received favorable reviews from GTJA. Herbs Generation Group Holdings Limited (02593.HK) rose by 7%.

The National Bureau of Statistics announced that the mainland's GDP increased by 5.4% year-on-year in the last quarter, and 5% for the entire year last year, both exceeding expectations. Additionally, the 'three driving forces' data from last December also surpassed forecasts. The market is observing the policies and measures of the incoming USA President Trump. The Hong Kong stock market opened 23 points lower this morning (17th) but initially rose by 58 points, reaching a high of 19,581 before facing resistance. The latest report is 19,498, down 24 points or 0.1%, with a turnover of 41.9 billion HKD. Several new stocks performed well this morning. The new Geely RV (00805.HK), which started its RV business in the Australia-New Zealand market, reversed the previous day's decline with a higher opening on Monday (13th).

AASTOCKSJan 17 10:52

Hong Kong stock movement | Conch Materials Technology (02560) drops another 10% on its second day of listing, halving compared to the offering price. The company is the leader in China's Cement additive market.

Conch Materials Technology (02560) went public yesterday and closed down over 47% on the same day. Today in the early trading session, it fell by more than 10%, with an intraday low of HKD 1.39, which is half of the offering price of HKD 3. As of the time of writing, it has dropped by 10.19%, trading at HKD 1.41, with a transaction volume of HKD 15.9373 million.

Zhitong FinanceJan 10 11:52

Why did the cornerstone 'full coverage' fail to protect the stock price of Conch Materials Technology (02560) after a 47.67% plunge on the first day of listing?

If there is a deep understanding of the fundamentals and valuation of Hai Luo Material Technology, then the performance on its first day of trading will not come as a surprise.

Zhitong FinanceJan 9 19:04

Hong Kong stocks closed (01.09) | The Hang Seng Index fell by 0.2%. The Semiconductors Sector performed actively, and TINGYI (00322) surged by 12%.

Hong Kong stocks surged and then fell today, with the three major Indices turning negative in the afternoon, and only the Hang Seng Technology Index managed to achieve a slight increase, having once risen over 1% in the morning.

Zhitong FinanceJan 9 16:43

On the first day of listing, Haida Materials Technology in Hong Kong experienced a price drop.

On January 9, Gelonghui reported that Conch Materials Technology opened below its listing price on its first day in Hong Kong, with a drop of over 45% at one point.

Gelonghui FinanceJan 9 09:46

New stock first day | Conch Materials Technology (02560) listed for the first time, opened 40% lower in the morning.

The IPO of Hai Luo Material Technology (02560) was launched, and the announcement shows that the price per share is 3 Hong Kong dollars, with a total issuance of 0.145 billion shares, and each lot consists of 1,000 shares, resulting in net proceeds of approximately 0.396 billion Hong Kong dollars. As of the time of this report, it has dropped by 40%, priced at 1.8 Hong Kong dollars, with a transaction value of 21.8144 million Hong Kong dollars.

Zhitong FinanceJan 9 09:23