CXMT: Shares Surge Over 530%, Market Cap Hits ¥3.66 Trillion

CXMT debuted on the SSE STAR MARKET today. The stock opened with a massive 471% surge, reaching ¥49.50 per share. It subsequently pulled back, hitting an intraday low of ¥38.11 per share, before rebounding. By the midday close, the share price had climbed to ¥54.65, representing a gain of over 530%, with a total market capitalization of ¥3.66 trillion. The stock ultimately closed at ¥49.00 per share, up 465.82% from its opening price.