- Shares surge past HK$37 as turnover spikes
- Market cap tops HK$60 billion after second day of gains
Shares of Manycore Tech (群核科技), a spatial intelligence pioneer, more than doubled in Hong Kong on April 20, extending a post-listing rally as heavy buying in the afternoon session sent the stock sharply higher.
The company’s shares closed at HK$37.44 ($5.49), up about 101%, after earlier rising as much as 112% intraday. Turnover reached nearly HK$4 billion, with the stock changing hands actively as prices climbed from around HK$26 late in the session.
The surge follows a strong debut last week, when the stock jumped more than 140% on its first day of trading. The latest gains pushed its market capitalization to about HK$63.6 billion, making it one of the most actively traded and best-performing stocks in Hong Kong.
Investor interest has been fueled by expectations that spatial computing—technology that links digital environments with physical space—could play a growing role in areas such as robotics training, industrial simulation and 3D content production, sectors where the company has been expanding its presence.
