Five new stocks debuted today, with varying performances.

Visual intelligence AI company RECONOVA (07656) dropped to a low of HKD 15.6, down 27.98% from the offering price of HKD 21.66; it closed at HKD 21, down 3.05%. One lot of 200 shares results in a paper loss of HKD 132.

Silicon carbide power device manufacturer BASICSEMI (09971) reached a high of HKD 37.38, up 18.22% from the offering price of HKD 31.62; it closed at HKD 33.22, up 5.06%. One lot of 200 shares results in a paper gain of HKD 320.

Autonomous driving system developer EACON (07687) peaked at HKD 101.2, up 15.1% from the offering price of HKD 87.92; it closed at HKD 96.7, up 9.99%. One lot of 50 shares results in a paper gain of HKD 439.

Autonomous driving company MOMENTA (06880) reached a high of HKD 314.8, up 6.5% from the offering price of HKD 295.6, closing flat.

The second GEM stock in Hong Kong this year, BAOGAI (08090), peaked at HKD 7, up 12.54% from the offering price of HKD 6.22; it closed at HKD 6.43, up 3.38%. One lot of 500 shares results in a paper gain of HKD 105.

RECONOVA raised a net amount of approximately HKD 529 million, with the public offering oversubscribed by 3645.06 times, and a one lot winning rate of 3%. BASICSEMI raised a net amount of approximately HKD 766 million, with the public offering oversubscribed by 4811.72 times, and a one lot winning rate of 0.17%.

EACON raised a net amount of approximately HKD 2.175 billion, with the public offering oversubscribed by 156.82 times, and a one lot winning rate of 10%. MOMENTA raised a net amount of approximately HKD 5.656 billion, with the public offering oversubscribed by 412.63 times, with a one lot of 20 shares and a winning rate of 5%.

BAOGAI raised a net amount of approximately HKD 69.4 million, with the public offering oversubscribed by 3014.69 times, and a one lot winning rate of 0.5%