The top 20 stocks leading a historic performance in Hong Kong

Hong Kong Stock Exchange has recently experienced extraordinary performance among its newly listed companies, particularly among the top 20 stocks that surpassed the hundred million dollar mark in initial market capitalization. These stocks have led a remarkable recovery in the stock markets, once again attracting the interest of both institutional and retail investors in initial public offerings.

Record-breaking performance on the first trading day

According to data compiled by Dealogic and Bloomberg through Ming Pao, the 20 largest-cap stocks have recorded an average gain of 23.8% on their first day of trading. This performance represents a significant jump compared to previous cycles, reflecting market confidence in new listings. The rapid appreciation of these stocks suggests strong demand among market participants, both institutional and individual.

Mid-term consolidation of gains

During the first month of trading, the same 20 stocks continued to consolidate their gains, reaching an average cumulative increase of 30.7%. This result marks the best performance recorded in the past two decades for IPOs in this category, demonstrating a trend of sustained strength in the market. The consistency of these gains across different time periods indicates that the initial enthusiasm was not merely speculative but based on solid expectations regarding the true value of these companies.

Favorable market environment

The emergence of these 20 stocks as leading market players reflects a revitalized investment environment in Hong Kong. The quality of the selected offerings and access to abundant liquidity have contributed to these new stocks experiencing such positive performance, reaffirming the exchange’s position as a key financial hub in Asia.