No. 21
Market temperatureSmall Cap Market Map heatVery hot

Market breadthUp1,136Down1,774Flat70Gap-ups (≥1M shares) 1,428

No. 21Closed 16:00 ETRanking stored Inside: Top movers A2 Why they moved A3 HOD timing A4 Market map & FESCI A5 Articles A6

Sections of this recap

Lead · largest opening gap

Top gappers on : CNTB, LGHL and VBIO

1 of the top 10 had an SEC filing or a trading halt between the previous close and this session’s close.

Rank 1CNTBConnect Biopharma Holdings Ltd

Opening gap
+90.52%
Day
+10.89%
HOD (ET)
2.0808:06 ET
Est. turnover
$263.5M
Gap-ups (≥1M shares)
1,428

On Wednesday, September 30, 2026, 1,428 US-listed common stocks and common-stock ADRs opened above their previous close with at least 1M shares of daily volume. The largest opening gap was CNTB at +90.52%.

CNTB (Connect Biopharma Holdings Ltd) opened at 1.89, +90.52% from the previous close of 0.992. Its high of day was 2.08 at 08:06 ET. It closed at 1.10, +10.89% on the day, on an estimated $263.5M of turnover. SEC filings and news were not collected for this session.

Pre-market: 4 of 7 highs of day.

Across the small caps the map tracks, 1,136 advanced and 1,774 declined, with an estimated $17.9B in dollar volume.

Behind it in the ranking: LGHL +46.56% (+25.94% on the day); VBIO +41.34% (-1.06% on the day); NCI +41.27% (+0.00% on the day); TGE +25.90% (+86.75% on the day); AEON +23.78% (+15.83% on the day); WETO +23.64% (-8.18% on the day).

1 of the top 10 had an SEC filing or a trading halt between the previous close and this session’s close.

Continued in Why they moved

Stocks in focus

  1. Rank 2LGHL+46.56%Day +25.94%

    Lion Group Holding Ltd

    High of day 9.79 at 07:18 ET; estimated turnover $137.4M.

  2. Rank 3VBIO+41.34%Day -1.06%

    Valion Bio, Inc.

    High of day 4.39 at 09:31 ET; estimated turnover $193.0M.

  3. Rank 4NCI+41.27%Day +0.00%

    Neo-Concept International Group Holdings Ltd

    High of day 2.56 at 04:00 ET; estimated turnover $30.8M.

  4. Rank 5TGE+25.90%Day +86.75%

    Generation Essentials Group

    High of day 1.90 at 09:49 ET; estimated turnover $285.2M.

  5. Rank 8BIYA+19.51%Day -4.39%

    Baiya International Group Inc.6-K

    REPORT OF FOREIGN PRIVATE ISSUER

    SEC EDGAR

Stored Top Gappers ranking and HOD archive

Market map & FESCI

The Small Cap Market Map for this session loads here.Market Map data as of

Small-cap dollar volume (est.)
$17.9B

Top movers

HOD timing

Pre-market: 4 of 7 highs of day

The Gapper HOD Timeline for this session loads here.

  1. Pre-market04:00–09:304 of 7
  2. First 30 minutes09:30–10:002 of 7
  3. Morning10:00–12:001 of 7
  4. Afternoon12:00–16:000 of 7
  5. After hours16:00–20:000 of 7

Learning corner

Lessons and terms behind this session

Editor’s note

The quarter ended with a mid-stage clinical readout, an interim earnings filing and a registered direct offering among the gappers. Three of the top 10 (VBIO, WETO, BIYA) closed below the prior day's close , giving…

Method

Top Gappers Calendar default method: US-listed common stocks and common-stock ADRs, daily volume ≥ 1,000,000 shares, opening gap highest first

Every session in September 2026

Retrospective data built after the session from stored records, with links to the original sources. Not real-time, not investment advice and not a recommendation to buy or sell any security.