Newtrend Group(02573.HK), which will be listed tomorrow, opened up 15.9% to $21.9 on gray market. Peaking/ bottoming at $32.7/21.9, it closed at $32.6, up 72.5% or $13.70 from the listing price, on volume of 873,000 shares and turnover of $25.9 million, according to PhillipMart data. Excluding handling fee, the book gain was $2,740 per board lot size of 200 shares.

Newtrend Group(02573.HK), which will be listed tomorrow, opened up 21.7% to $23 on gray market. Peaking/ bottoming at $34.2/18.9, it closed at $33.5, up 77.2% or $14.60 from the listing price, on volume of 706,800 shares and turnover of $21.19 million, according to Futu data. Excluding handling fee, the book gain was $2,920 per board lot size of 200 shares.
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