02583 Overview

Market Performance: The Hang Seng Index (HSI) rose by 396 points (1.6%) to 25,804, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 69 points (1.4%) and 91 points (1.1%) respectively.

Top Gainers: Notable gainers included TENCENT (+5.7% to $545.5), BABA (+3% to $132.6), and CATL (+8.7% to $547), with significant short selling activity reported for these stocks.

Decliners: DEEPEXI TECH experienced a sharp decline of 18.6%, closing at $88.25, while other stocks like XIAOMI and MEITUAN also saw slight decreases.

Short Selling Trends: High short selling ratios were observed in several stocks, including XIAOMI (32.91%) and MEITUAN (34.52%), indicating investor caution or bearish sentiment in these companies.

Market Performance: The Hang Seng Index (HSI) surged 503 points to a four-year high of 27,359, closing at 27,281, up 425 points or nearly 1.6%, with a turnover of HKD151.62 billion, despite a temporary halt in southbound funds due to China's National Day holiday.

Semi-IPO Highlights: Two of the three semi-IPOs debuted on September 30 showed strong demand, with ZIJIN GOLD INTL rising 13.6% to HKD137, significantly above its listing price, and HIPINE soaring 64.8% to HKD174.7, while PATEO experienced a slight decline but remained 48% above its listing price.

HIPINE Debut Performance: HIPINE (02583.HK) debuted today, opening at $84, which is a 183.8% increase from its listing price of $29.6, and closed at $106, marking a total gain of 258.1%.

Trading Volume and Gains: The stock saw a trading volume of 2.82 million shares and a turnover of $244.68 million, resulting in a book gain of $7,640 per board lot of 100 shares, excluding handling fees.

HIPINE Debut Performance: HIPINE (02583.HK) debuted today, opening at $84, which is a 183.8% increase from its listing price of $29.6, and closed midday at $103.1, reflecting a 248.3% rise.

Trading Volume and Price Fluctuations: The stock peaked at $130 and bottomed at $80 during the trading session, with a total volume of 2.51 million shares and a turnover of $212.23 million.

Stock Performance: HIPINE (02583.HK) closed at $85.65 in the gray market, reflecting a 315.54% increase, and debuted at $84, up 183.8% from its listing price of $29.6.

Trading Activity: At market open, 1.4 million shares of HIPINE were traded, indicating strong investor interest.