XUNCE (03317.HK) Shares Rise 1% to $48.5 at Close
XUNCE Debut Performance: XUNCE (03317.HK) opened at $48.02, unchanged from its listing price, and closed at $48.5, reflecting a 1% increase on its debut day with a trading volume of 4.38 million shares.
Stock Price Fluctuations: During the trading session, the stock peaked at $48.84 and bottomed at $38.02, resulting in a book gain of $50 for a board lot size of 100 shares, excluding handling fees.
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Market Performance: The HSI rose by 2.2% to close at 25,959, with significant gains in tech stocks, including MINIMAX-WP and KNOWLEDGE ATLAS, which surged 22.4% and 12.9% respectively.
Short Selling Trends: Notable short selling activity was observed in various stocks, with TENCENT and BABA-W experiencing high short selling ratios of 15.2% and 20.2%, respectively.
Chip and Battery Stocks: Chip stocks like ILUVATAR COREX and BIREN TECH saw substantial increases of 30.2% and 9.3%, while battery stock CATL rallied 9.3% following a strong profit forecast.
Carmakers' Performance: Carmakers BYD and XIAOMI experienced slight declines of 1.1% and 0.2%, contrasting with the overall positive market trend.

Stock Performance: XUNCE (03317.HK) experienced a significant increase in its stock price, rising 17.92% to HK$71.4 after peaking at HK$78, marking a record high since its listing.
Market Attention: The surge in XUNCE's stock is attributed to its collaborations with major companies like KNOWLEDGE ATLAS and MINIMAX-WP, which have drawn heightened market interest.
Analyst Projections: Deutsche Bank's report highlights XUNCE as a leader in real-time data infrastructure, projecting a revenue growth from RMB632 million in 2024 to RMB3.735 billion by 2027, with a CAGR of 81%.
Profit Expectations: The report anticipates that XUNCE will achieve a positive adjusted net profit by 2026, indicating strong future financial performance.
XUNCE Debut Performance: XUNCE (03317.HK) opened at $48.02, unchanged from its listing price, and closed at $48.5, reflecting a 1% increase on its debut day with a trading volume of 4.38 million shares.
Stock Price Fluctuations: During the trading session, the stock peaked at $48.84 and bottomed at $38.02, resulting in a book gain of $50 for a board lot size of 100 shares, excluding handling fees.
XUNCE Debut Performance: XUNCE (03317.HK) opened at $48.02, unchanged from its listing price, and closed midday at $47.96, reflecting a slight decline of 0.1%.
Trading Activity: The stock experienced a trading volume of 3.58 million shares and a turnover of $161.64 million, with a peak price of $48.84 and a low of $38.02 during the session.
Stock Performance: XUNCE (03317.HK) closed at $48.98 in the gray market, reflecting a 2.0% increase from its listing price of $48.
Market Debut: On its debut, the stock opened at $48.02, showing no change from the listing price, with 1.4 million shares traded at market open.









