Changxin Technology surged 471.59% at the open on its first trading day in China’s A-share market on July 27, with the stock quoted at 49.5 yuan per share. Based on that opening price, the company’s market capitalization reached 3.31 trillion yuan, making it the largest listed company in the A-share market by market value. On the same day, China’s broader equity indexes were little changed at the open: the Shanghai Composite fell 0.14%, the Shenzhen Component slipped 0.04%, and the ChiNext Index edged up 0.03%, according to BlockBeats. The move put Changxin Technology at the top of the A-share market by valuation as trading began.
Changxin Technology opened up 471.59% on its first trading day in China’s A-share market on July 27, with the stock quoted at 49.5 yuan per share and a corresponding market capitalization of 3.31 trillion yuan, according to BlockBeats.
That opening valuation made Changxin Technology the largest company in the A-share market by market capitalization.
At the same market open, the Shanghai Composite fell 0.14%, the Shenzhen Component dropped 0.04%, and the ChiNext Index rose 0.03%.
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