Shanghai STAR Market has stable first month

Shanghai's tech-focused STAR Market achieved a stable debut with reasonable stock price fluctuations in its first trading month, underpinned by pilot market-oriented mechanisms, the Shanghai bourse and analysts said.

Share prices of all the 28 listed firms on the STAR Market, or the sci-tech innovation board, rose from their offer prices as of Wednesday's close - a month after the market started trading on July 22 - and were up by 171 percent on average, the Shanghai Stock Exchange said in an announcement on Wednesday.

Behind the stock price gain was investors' high interest in the new board.