Biren Tech's stock price soared 12.72% during intraday trading on Monday.
The surge came after the company was added to the Stock Connect eligible securities list, which allows mainland Chinese investors to trade the stock through the Hong Kong-Shanghai/Shenzhen Stock Connect programs. This inclusion typically increases a stock's accessibility and potential investor base, often leading to increased demand.
Other stocks added to the list also saw significant gains, with Iluvatar Corex rising over 15% and Knowledge Atlas up over 9%.
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