Equities on China's New Star Market Trade Mixed After Soaring on Debut
Xu Wei
DATE:  Jul 22 2019
/ SOURCE:  yicai
Equities on China's New Star Market Trade Mixed After Soaring on Debut Equities on China's New Star Market Trade Mixed After Soaring on Debut

(Yicai Global) July 22 -- Shares on the new sci-tech SSE Star Market were mixed after skyrocketing at the opening, with three shares stopping trading when they hit their limit up or down under bourse rules.

At 9.35 a.m., Zhejiang Hangke Technology [SHA:688006] and ArcSoft [SHA:688088] suspended trading when they hit their daily limits.

Hangke Technology rose to CNY63.70, (USD9.27), 30 percent higher than its opening price; ArcSoft declined to CNY60.5, 30 percent less than its starting price, but still almost 10 percent over its issue price.

Suzhou Harmontronics Automation Technology [SHA:688022] fell 30 percent off its opening price to CNY47.14 but still climbed 82 percent on its issue price.

The first five trading days on the SSE Star Market imposed no price rise limits, but if a share's intraday trading price increases or decreases by 30 percent and 60 percent, respectively, it temporarily suspends trading for 10 minutes.

Editor: Ben Armour

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Keywords:   Star Market