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<A Shrs>3 Key A-Shr Indices Ebb; Shanghai Index Below 3,900-lv.; ChiNext Sags 2.7%; Big 4 CN Banks Up against Mkt
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China's official manufacturing PMI and non-manufacturing PMI for March bounced back, both topping consensus. The three major A-share indices gradually receded. The Shanghai Composite Index lost by 31 points or 0.8% to close at 3,891, with a turnover of RMB891.95 billion. The Shenzhen Component Index slid by 248 points or 1.8% to 13,478, with a turnover of RMB1.1 trillion. The ChiNext Index shed by 88 points or 2.7% to 3,184, with a turnover of RMB474 billion. Chinese banks had a good run against the market trend, with ICBC (601398.SH) and CCB (601939.SH) up by 0.9% and 1.5%, respectively. ABC (601288.SH) spiked by 3.2%, with 2025’s profit attributable to shareholders soaring by 3.18% YoY, and a DPS of RMB13 cents. Bank of China (601988.SH) swelled by 3.5%, with 2025’s profit attributable to shareholders growing by 2.18% YoY, and a final DPS of RMB11.69 cents, down by 3.87% YoY. AASTOCKS Financial News Website: www.aastocks.com |
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