(Yicai Global) Aug. 8 -- Two more firms joined the Shanghai Stock Exchange's Star Market for innovative tech startups today, with the share price of each rising more than 250 percent.

Amlogic [SHA:688099] closed nearly 272.4 percent higher at CNY143.36 (USD20.35) to give it a market cap of CNY58.9 billion (USD8.36), while Shanghai Friendess Electronics Technology [SHA:688188] ended 255.6 percent higher at CNY243.88, with a market cap of CNY24.4 billion.

The Star Market now has 27 listed companies.

Editor: James Boynton