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Hong Kong Stocks End Flat After Christmas Break; Minieye Jumps 14% in Debut
Hong Kong stocks closed (12.27) | The Hang Seng Index fell by 0.04%. The Semiconductors Sector performed strongly. Kingsoft Cloud (03896) stock price hit a historical high.
The Hong Kong stock market experienced a slight dip in the early session but quickly rebounded, with the three major Indices turning positive collectively, and the Hang Seng Index briefly rising over 1%; in the afternoon, the stock index maintained fluctuations, and the Hang Seng Index turned negative again by the end of the session.
Hong Kong stock movement | Youjia Innovation (02431) opened high and rose on its first day of listing, closing with an increase of over 14%. The company is a supplier of Asia Vets driving solutions.
Youjia Innovation (02431) opened high and continued to rise on its first day of listing. By the close, it increased by 14.12%, closing at 19.4 Hong Kong dollars, with a trading volume of 0.11 billion Hong Kong dollars.
Youjia Innovation (02431) officially listed on the HKEX Main Board.
On December 27, 2024, Youjia Innovation (02431) successfully listed on the Main Board of HKEX with an issuing price of HK$17.00 per share.
Zhichun Hong Kong Stock Investment Journal | December 27
Hong Kong Stock Investment Journal | December 27, 2024
NavInfo Co., Ltd. (002405.SZ): The subsidiary Youjia Innovation has been listed on the Hong Kong Stock Exchange.
Gelonghui, December 26 - NavInfo Co., Ltd. (002405.SZ) announced that its indirect shareholding company, Shenzhen Youjia Innovative Technology Co., Ltd. (referred to as "Youjia Innovation"), will be listed on the Main Board of the Hong Kong United Exchange Limited on December 27, 2024 (stock abbreviation: MINIEYE, stock code: 2431). The issue price is HKD 17.00 per share. As of the announcement date, the company's subsidiary, Peking Siwei China Southern CSI Internet Index Fund(LOF)-A Management Center (Limited Partnership), holds 32,611,320 shares of Youjia Innovation, accounting for 8.17% of its total share capital after the global offering is completed.
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