Hong Kong Recently Listed Stocks Daily Report: Pharma and Semiconductors Take the Baton to Lead Gains, IMPACT THERAP-B Surges 27.78%; Liquidity Concentration at the Top Intensifies - 20260921

NewTimeSpace News: On September 21, 2026, recently listed Hong Kong stocks diverged in price performance. IMPACT THERAP-B rose 27.78% to top the gainers list, while 160 HEALTH fell 13.27% to top the decliners list. On liquidity, Z.AI led with turnover of HKD 7.727 billion, followed by MINIMAX-W. On lock-up releases, FS.COM, NSING TECH and NEW VISION CO will unlock this week, while TONGSHIFU and HUAYAN ROBOTICS will unlock next week.

I. Daily Price Change Statistics for Recently Listed Hong Kong Stocks

On September 21, 2026, recently listed Hong Kong stocks diverged. On the upside, IMPACT THERAP-B rose 27.78% to top the gainers list; DELTON gained 14.31%, GENFLEET-B 13.75%, VGT 12.94% and BIREN TECH 12.23%. These stocks are concentrated in biomedicine, semiconductors and artificial intelligence, with pharmaceutical-related recently listed stocks performing actively.

On the downside, 160 HEALTH fell 13.27%, ABLE DIGITAL 12.98%, HASHKEY HLDGS 11.48%, TRANSWARP 9.18% and HQVT 8.06%. Decliners span healthcare, education technology and digital assets.

II. Liquidity Watch

As of the September 21 close, Z.AI recorded turnover of HKD 7.727 billion with a turnover rate of 3.84%, remaining first among recently listed stocks by trading scale; MINIMAX-W posted turnover of HKD 4.336 billion with a turnover rate of 5.41%; VGT HKD 1.634 billion at 6.91%; ZJ INNOLIGHT HKD 1.628 billion at 2.12%; and INSILICO HKD 1.598 billion at 4.32%. Overall, the head-concentration effect in liquidity among recently listed stocks remains pronounced, with all top five stocks recording turnover above HKD 1.5 billion.

III. Lock-up Releases for Recently Listed Stocks

1.Lock-up Releases This Week

Three recently listed stocks are scheduled to unlock this week. FS.COM will release 16.9229 million shares on September 23, 2026; NSING TECH 12.9624 million shares on September 23, 2026; and NEW VISION CO 2.4875 million shares on September 24, 2026. All three fall below 20 million shares, with NEW VISION CO the smallest. In terms of timing, FS.COM and NSING TECH unlock on the same day, warranting attention to their combined short-term impact on market sentiment.

2.Next Week Lock-up Release Preview

Two recently listed stocks are scheduled to unlock next week. TONGSHIFU will release 500,000 shares on September 30, 2026, a relatively small scale; HUAYAN ROBOTICS will release 45.2658 million shares on September 30, 2026, exceeding the 40 million share mark.

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