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Demand is Overwhelming: All SSE Star-listed Companies Surge
COVID-19 and China
Bull statue. Image credit: Brigitte Werner/Pixabay

China's new sci-tech board started operating today.

All the 25 stocks soared by at least 100% in the first two hours of trading.

Total transaction value in the morning session exceeded CNY 37.82 billion (USD 5.5 billion).

Montage Technology (688008:SH) is currently the second hottest stock of the batch, with over 45.97 million transactions completed this morning. Its share price jumped 218% once trading started and then closed at CNY 81.02 (USD 11.78) right before the lunch break.

CRSC (688009:SH), the first H+A-share company on the board, is up 128.5% by the midday break. Starting trading at CNY 5.85 (USD 0.85) per share, it peaked at CNY 15.21 (USD 2.21) and then shifted back to CNY 13.20 (USD 1.92). In Hong Kong (3969:HK) the firm lost 7% as of 11:30.

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