(Yicai) June 17 -- None of the six companies that went public on the Hong Kong Stock Exchange last month fell on their first trading day thanks to the market picking up. The same feat was last seen in November.

The shares of the six firms surged on average 30 percent on their debut, with EDA Group Holdings' stock [HKG: 2505], which mainly provides one-stop, end-to-end supply chain solutions for e-commerce merchants, soaring the most at 84 percent.

Hong Kong's initial public offering market performed poorly last year, with indicators including the number of new listings and the fundraising size at record lows, according to figures from data provider Wind Information. It had 26 new listings so far in the first half of this year, with only seven falling on their debut, compared with half dropping a year earlier.

The average first-trading-day return of new stocks was 22 percent, significantly higher from a year earlier. Companies going public from the transportation and logistics industries achieved the highest returns after listing, with half reaching a double-digit return rate since last month.

However, the fundraising size of the top 10 Hong Kong IPO stocks shrank 32 percent to HKD8.7 billion (USD1.1 billion) since the beginning of this year from a year ago, according to Wind. Two firms secured over HKD1 billion (USD128 million), compared with four in the first half of last year.

Sichuan-based Baicha Baidao Industrial, which became the second listed Chinese tea chain brand after Nayuki Holdings, has raised the most this year with HKD2.6 billion.

The Hong Kong IPO market has picked up amid increasing favorable factors, with an expected turning point, according to a recent report by Ernst & Young. As more companies from the Chinese mainland try to go public in Hong Kong, the IPO fundraising size will also likely grow.

The number and proceeds of Chinese mainland companies on the Hong Kong bourse accounted for 89 percent and 95 percent, respectively, so far this year, with such stocks continuing to dominate the HKSE IPO market.

Editor: Martin Kadiev