--- title: "Hong Kong Stock Movement: GPIXEL rises 12.95%, with excess allocation and market confidence boosting stock price surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/286511664.md" description: "GPIXEL rose 12.95%; Soochow Securities Co., Ltd. fell 1.22%, with a transaction volume of HKD 204 million; AAC Technologies fell 4.92%, with a transaction volume of HKD 190 million; Nobi Kan fell 5.32%, with a transaction volume of HKD 160 million; China Railway Signal & Communication fell 1.39%, with a market value of HKD 37.5 billion" datetime: "2026-05-15T05:26:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286511664.md) - [en](https://longbridge.com/en/news/286511664.md) - [zh-HK](https://longbridge.com/zh-HK/news/286511664.md) --- # Hong Kong Stock Movement: GPIXEL rises 12.95%, with excess allocation and market confidence boosting stock price surge **Hong Kong Stock Movement** GPIXEL rose 12.95%. Based on recent key news: 1. On May 14, GPIXEL announced the end of the stable price period for its global offering, with the stabilizing price operator CITIC Securities Co., Ltd. oversubscribing 9.7941 million shares in the international offering, accounting for approximately 15% of the total shares available for subscription in the global offering. This move stabilized market confidence in the stock, driving the share price up. 2. On May 13, GPIXEL issued and allocated 9.7941 million H shares due to the full exercise of the over-allotment option, with an issue price of HKD 39.88 per share. This increased market liquidity, further supporting the rise in share price. 3. On May 13, the number of GPIXEL's H shares increased from 291,138,500 shares to 300,932,600 shares, indicating strong market demand for the company, which propelled the share price upward. The Hong Kong stock market has seen increased volatility recently, and risks need to be monitored. **Stocks with High Trading Volume in the Industry** Suteng Juchuang fell 1.22%. Based on recent news, 1. On May 14, Suteng Juchuang was once again selected as one of the "Top 100 Global Humanoid Robot Industry Chain" and was also included in the "China Humanoid Robot Value Chain" map, becoming the only Chinese technology company in the global lidar field to be included in both industry maps. Morgan Stanley believes that the strong market performance is the fundamental reason for the continued optimism towards Suteng Juchuang. 2. On May 14, Suteng Juchuang announced that it will hold a board meeting on May 27 to review the first-quarter results for the period ending March 31, 2026. The earnings conference call is scheduled for 8 PM Hong Kong time on May 27. 3. On May 14, Suteng Juchuang showcased the world's first instant delivery robot equipped with its embodied intelligence solution at the 2026 CES exhibition, demonstrating complete technical capabilities from perception to decision execution, attracting significant attention from both domestic and international markets. The overall industry performance is strong, with technological innovation leading the market. AAC Technologies fell 4.92%. Based on recent news, 1. On May 12, AAC Technologies' subsidiary Yuan Di Technology's ATAHORAN series liquid-cooled CDU achieved large-scale mass production and began global bulk delivery. This marks an improvement in the company's industrialization capabilities in the data center liquid cooling field, driving stock price fluctuations. 2. On May 13, Morgan Stanley released a report stating that AAC Technologies' liquid cooling products are of significant strategic importance to the company, maintaining an "Overweight" rating with a target price of HKD 42, which helped boost the stock price. 3. On May 13, Citigroup raised its earnings forecast for AAC Technologies, expecting that the production of Apple's iPhone 18 will drive growth in its touch and thermal management business, raising the target price to HKD 48, further impacting the stock price. Demand in the mobile phone supply chain is improving, with noticeable capital inflows. Nobikang fell 5.32%. Based on recent news, 1. On May 12, NobiKan issued an announcement clarifying that its transaction with Hengxin Dongfang is genuine and valid, leading to a rebound in its stock price. The announcement pointed out that Hengxin Dongfang received an administrative penalty decision related to the inflation of operating income, but NobiKan only has general business dealings with it, and the stock price fluctuation is unrelated to the incident. NobiKan's stock price rose by as much as 26.33%, with a transaction volume of HKD 263 million. Source: Zhitong Finance 2. On May 12, NobiKan's stock price rebounded, with a maximum increase of 26.33%. NobiKan emphasized in its announcement that the transaction with Hengxin Dongfang is genuine and valid, resulting in the stock price rebound. Source: Zhitong Finance 3. On May 12, NobiKan's stock price rebounded, with a maximum increase of 26.33%. NobiKan emphasized in its announcement that the transaction with Hengxin Dongfang is genuine and valid, resulting in the stock price rebound. Source: Zhitong Finance. The Hong Kong stock market has recently experienced increased volatility, and risks need to be monitored. **Stocks ranked among the top in industry market capitalization** China Railway Signal & Communication Corp fell by 1.39%. Based on recent news, 1. On May 13, China National Railway Group Co., Ltd. announced that from January to April this year, the national railway completed fixed asset investment of CNY 200.8 billion, a year-on-year increase of 3.2%. This news indicates positive progress in railway construction, but failed to boost market confidence in China Railway Signal & Communication Corp, leading to a decline in its stock price. 2. On May 12, the Hong Kong Stock Exchange issued an announcement stating that the stock price of China Railway Signal & Communication Corp fell by 1.39%. Although the announcement did not specify the reasons in detail, market sentiment may have been affected by the macroeconomic environment and the overall performance of the industry. 3. No other significant news recently. 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