HK Newly Listed Stocks Weekly Tracker: MICOT PHARMA-B Gains 62.16% as Two Recent Listings Release 12.5772 Million Shares-20261109

In the period from November 2 to November 6, 2026 (five trading days), more Hong Kong recent listings rose than fell, with 137 gainers, 108 decliners and 1 unchanged among the 246 stocks in the universe. The top five weekly gainers were MICOT PHARMA-B, DKE, KEYTOP PARKING, SIGENERGY and NEXCHIP; the top five weekly decliners were GALAXIS TECH, DIAGENS-B, RECONOVA, GROWN UP GROUP and VIEWTRIX TECH. This week, STAR SPORTS MED and COFOE MEDICAL completed lock-up expiries, with a total of 12.5772 million shares released; next week, LDROBOT, IMPACT THERAP-B and METIS TECHBIO-P will see a total of 134.8532 million shares released from lock-up. In terms of liquidity, Z.AI topped the list with average daily turnover of approximately HK$3.506 billion. In terms of price deviation, QIYUNSHAN FOOD topped the list with a deviation of 973.75% from its issue price, while REFIRE topped the list with a decline of 96.42% below its issue price.

I. Weekly Changes: MICOT PHARMA-B Up 62.16%, GALAXIS TECH Down 46.63%

Source: Choice / NewTimeSpace Research Institute, as of the close on November 6, 2026

Among the recent listings with the largest weekly gains, MICOT PHARMA-B rose 62.16% for the period, DKE rose 38.72%, KEYTOP PARKING rose 37.59%, SIGENERGY rose 32.79%, and NEXCHIP rose 28.47%. On the decline side, GALAXIS TECH fell 46.63%, DIAGENS-B fell 36.80%, RECONOVA fell 26.95%, GROWN UP GROUP fell 26.39%, and VIEWTRIX TECH fell 24.43%.

II. Review of Lock-up Expiries This Week: STAR SPORTS MED and COFOE MEDICAL Released a Total of 12.5772 Million Shares

This week (November 2 - November 8), two recent listings completed lock-up expiries, with a total of 12.5772 million shares released. STAR SPORTS MED saw 2.9229 million shares released on November 5, 2026 and rose 2.94% over the period; COFOE MEDICAL saw 9.6543 million shares released on November 6, 2026 and rose 2.90%.

III. Next Week’s Lock-up Expiry Preview: LDROBOT, IMPACT THERAP-B and METIS TECHBIO-P to Release a Total of 134.8532 Million Shares

Next week (November 9 - November 15), three recent listings will see their lock-up restrictions lifted, with a total of 134.8532 million shares unlocked. LDROBOT will see 10.5082 million shares released on November 11, 2026, while IMPACT THERAP-B and METIS TECHBIO-P will each see releases on November 13, 2026, of 13.9300 million and 110.4150 million shares respectively; METIS TECHBIO-P is the largest single release this period.

IV. Liquidity Observations: Z.AI Tops with Average Daily Turnover of HK$3.506 Billion

Source: Choice / NewTimeSpace Research Institute, as of the close on November 6, 2026

Z.AI topped the liquidity ranking with an average daily turnover of HK$350,625.99 ten thousand, or approximately HK$3.506 billion, and an average daily turnover rate of 2.9134%; ZHONGJI INNOLIGHT recorded HK$247,059.20 ten thousand, or approximately HK$2.471 billion, at 6.2505%; MINIMAX-W HK$195,368.89 ten thousand, or approximately HK$1.954 billion, at 4.4286%; CATL HK$190,374.80 ten thousand, or approximately HK$1.904 billion, at 2.3263%; and ZIJIN GOLD INTL HK$107,186.85 ten thousand, or approximately HK$1.072 billion, at 2.0432%. Among the bottom-ranked stocks, BBSB INTL had an average daily turnover of HK$18,332, GROWN UP GROUP HK$9,307, CONCH MAT TECH HK$6,733, APT ELECTRONICS HK$4,134, and ZG GROUP-W HK$3,407.

V. Deviation from IPO Price: QIYUNSHAN FOOD Up 973.75% Ranks First, REFIRE Down 96.42%

Source: Choice / NewTimeSpace Research Institute, as of the close on November 6, 2026

Compared with the issue price, QIYUNSHAN FOOD closed at HK$85.90, deviating 973.75% from its issue price of HK$8.00 and ranking first; NEW GONOW RV deviated 775.59%, BAIGE DIGITAL 694.87%, ZHIHUI MINING 286.03%, and Z.AI 266.78%. On the issue-price-break side, REFIRE closed at HK$5.27, deviating -96.42% from its issue price of HK$147.00, making it the recent listing with the largest decline below its issue price; GUOFUHEE deviated -94.65%, CIDI -94.54%, NUOBIKAN -93.69%, and HESAI-W -93.57%.

Matters to Watch Next Week

1. Lock-up expiry: LDROBOT will see 10.5082 million shares released on November 11, 2026; IMPACT THERAP-B 13.9300 million shares and METIS TECHBIO-P 110.4150 million shares, both on November 13, 2026, for a combined 134.8532 million shares.

2. Liquidity: Z.AI had an average daily turnover of HK$350,625.99 ten thousand, or approximately HK$3.506 billion, with an average daily turnover rate of 2.9134%, ranking Liquidity TOP1; ZHONGJI INNOLIGHT had an average daily turnover of HK$247,059.20 ten thousand, or approximately HK$2.471 billion, with an average daily turnover rate of 6.2505%.

3. Weekly change and deviation: MICOT PHARMA-B topped the list with a weekly gain of 62.16%, while GALAXIS TECH ranked last with a weekly decline of 46.63%; QIYUNSHAN FOOD topped the list with a deviation of 973.75% from its issue price, while REFIRE topped the list with a decline of 96.42% below its issue price.

Note: This report defines newly listed stocks as HK-listed targets listed for less than 24 months. Weekly changes, average daily turnover and average daily turnover rates are calculated over the five trading days from November 2 to November 6, 2026, with the daily turnover rate derived by dividing the period turnover rate by five; lock-up expiries are attributed by calendar week. The universe excludes 10 old share codes, one temporary rights instrument, one parallel-trading counter and nine targets with no trading during the period, leaving 246 stocks. Note that the issue price of YUNJI (02670.HK) of HK$95.6 is stated on a pre-reorganisation basis and is not comparable with its current closing price, so the stock is excluded from the deviation ranking; its weekly change is presented on the adjusted basis of the data source.