Shares of YUNJI (02670), also known as Beijing Yunji Technology, skyrocketed 45.92% in early trading on Thursday, marking a stellar debut on the Hong Kong Stock Exchange. The dramatic surge came as the stock was set to open at HK$142.8 per share, representing a substantial premium over its initial public offering (IPO) price of HK$95.6.

The strong opening price, which is 49.37% higher than the offer price, reflects robust investor demand and confidence in the company's prospects. This enthusiastic market reception has propelled YUNJI to one of the most impressive stock market debuts in recent Hong Kong history.

Analysts suggest that the significant price jump could be attributed to various factors, including the company's strong market position, growth potential in the technology sector, and overall positive sentiment towards new listings in the Hong Kong market. However, investors are advised to monitor the stock closely as newly listed companies often experience high volatility in their initial trading days.