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Shanghai and Shenzhen A-shares Mixed in Narrow Range; Property Stocks Advance; SMIC (688981.SH) Up 5%; CAMBRICON (688256.SH) Surges Over 17% to Record High
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The RMB central parity against the USD was set at 6.8628, down 20 bps MoM. The People's Bank of China conducted RMB126.2 billion of seven-day reverse repos in the open market today (30th), with the operation rate unchanged at 1.4%. With RMB0.5 billion of reverse repos maturing today, the single-day net injection amounted to RMB125.7 billion. China's manufacturing PMI edged down to 50.3 in April, beating expectations; the non-manufacturing PMI fell to 49.4, missing expectations. The April RatingDog manufacturing PMI rose to 52.2, also exceeding expectations. The three major A-share indices were mixed. The Shanghai Composite closed the half-day at 4,111, up 3 points or 0.09%, with turnover of RMB848.45 billion; the Shenzhen Component Index closed the half-day at 15,111, down 9 points or 0.06%, with turnover of RMB957.3 billion; the ChiNext Index closed the half-day at 3,682, down 4 points or 0.1%, with turnover of RMB412.4 billion. Among mainland banks, ICBC (601398.SH) and CCB (601939.SH) fell 0.4% and rose 0.5%, respectively. ICBC's quarterly net profit increased 3.3% YoY. CCB's 1Q net profit rose 3.5% YoY. BANK OF CHINA (601988.SH) slipped 0.7%, with 1Q net profit up 4.17% YoY. MINSHENG BANK (600016.SH) dropped 1.1%, as its 1Q net profit declined 9.64% YoY. CSC (601066.SH) gained 4.4%, with 1Q net profit surging 99.03% YoY. In addition, BYD Company (002594.SZ) fell 2.4%. SERES (601127.SH) declined 1.7%, with 1Q net profit up 0.89% YoY. CONTEMPORARY AMPEREX (300750.SZ) edged down 1.2%. Leading property developers continued to advance. VANKE A (000002.SZ) narrowed its loss to RMB5.95 billion in 1Q26, with its shares rising 1.6%. GREENLAND HOLDINGS (600606.SH) jumped 8.8%. GEMDALE (600383.SH) added 1.7%. Shenzhen further optimized housing policies, easing home purchase restrictions in core districts starting today. Chip-related stocks moved higher. SMIC (688981.SH) A-shares rose 5%. HUA HONG (688347.SH) A-shares gained 4.4%. AI chipmaker CAMBRICON (688256.SH) opened higher and extended gains, surging 17.3% to a record high by midday. Its 1Q net profit soared 185.04% YoY. METAX (688802.SH) narrowed its 1Q net loss to RMB98.8424 million, with shares up 6.9%. MOORE THREADS (688795.SH) rose 4.6%. YANGTZE OPTICAL FIBRE (601869.SH) reported a 226.4% YoY increase in 1Q net profit, but its shares fell 5.7%. GIGADEVICE (603986.SH) climbed 2.5%, posting 1Q net profit of RMB1.461 billion, up 522.79% YoY. YILI (600887.SH) rose 3.2%, with 1Q net profit increasing 10.68% YoY. (ta/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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