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A Shrs Indices Rebound Slightly in PM; CHINA MOBILE (600941.SH) Extends Gains 3.6%; Coal Power and Copper Foil Concept Stocks Rise
The RMB central parity against the USD was set at 6.8594, adjusted up by 54 bps MoM.The Peoples Bank of China conducted RMB5 billion of seven-day reverse repo operations in the op...
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A Shrs Indices Rebound Slightly in PM; CHINA MOBILE (600941.SH) Extends Gains 3.6%; Coal Power and Copper Foil Concept Stocks Rise
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The RMB central parity against the USD was set at 6.8594, adjusted up by 54 bps MoM.

The Peoples Bank of China conducted RMB5 billion of seven-day reverse repo operations in the open market today (21st), with the operation rate unchanged at 1.4%. With RMB1 billion of reverse repos maturing today, the net liquidity injection for the day was RMB4 billion.

Related NewsFixed Asset Investment (YTD) YoY for Mar in China is 1.7%, lower than the previous value of 1.8%. The forecast was 1.9%.
The three major A-share indices opened lower in the morning and rebounded slightly in the afternoon. The Shanghai Composite Index closed at 4,085, up 2 points or 0.07%, with turnover of RMB1.03 trillion. The Shenzhen Component Index closed at 14,982, up 15 points or 0.1%, with turnover of RMB1.38 trillion. The ChiNext Index closed at 3,688, up 11 points or 0.3%, with turnover of RMB634.0 billion.

Mainland banking stocks continued to edge higher. Industrial and Commercial Bank of China (601398.SH)  +0.040 (+0.532%)   and China Construction Bank (601939.SH)  -0.020 (-0.204%)   rose 0.7% and 1.2%, respectively. CHINA MOBILE (600941.SH)  +0.390 (+0.407%)   opened higher and extended gains to close up 3.6%, despite its 1Q net profit declining 4.2% YoY.

Securities stocks weakened. Guosheng Securities (002670.SZ)  -0.300 (-2.318%)   fell by the daily limit, while Guoyuan Securities (000728.SZ)  -0.040 (-0.541%)   dropped 6%. Harbin Investment (600864.SH)  -0.180 (-2.416%)   , ChinaLin Securities (002945.SZ)  -0.250 (-1.584%)   and First Capital (002797.SZ)  -0.160 (-2.010%)   declined between 1.8% and 2.1%.

Related NewsGDP Growth Rate QoQ for Q1 in China is 1.3%, higher than the previous value of 1.2%. The forecast was 1.3%.
Coal and power stocks bucked the market trend and moved higher. Jinneng Holding Coal Industry (601001.SH)  +0.630 (+3.584%)   , Yankuang Energy (600188.SH)  +0.850 (+4.276%)   and Shaanxi Coal Industry (601225.SH)  +0.740 (+2.904%)   rose 3% to 4%. Zhejiang Xinneng (600032.SH)  +0.510 (+4.493%)   and Baoxin Energy (000690.SZ)  +0.050 (+0.931%)   both surged by the daily limit. The Ministry of Industry and Information Technology stated that it is conducting policy research and standard formulation on coordinated development of computing and power. Copper foil concept stocks continued to rally, with Fangbang (688020.SH)  -8.540 (-6.861%)   and Yinglian (002846.SZ)  -0.610 (-3.659%)   both hitting the daily limit.

Chip stocks were under pressure. Semiconductor Manufacturing International Corporation (688981.SH)  -1.860 (-1.724%)   A shares fell 0.5%, while Hua Hong Semiconductor (688347.SH)  -6.310 (-4.879%)   A shares dropped 1.7%. AI chipmaker Cambricon (688256.SH)  -18.240 (-1.364%)   declined 3.5%. Domestic GPU-related stocks Muxi (688802.SH)  -34.000 (-4.847%)   and Moore Threads (688795.SH)  -23.700 (-3.770%)   fell 1.4% and 3.1%, respectively. VeriSilicon (688521.SH)  -14.560 (-5.802%)   slumped 7.3%.

Robot concept stocks strengthened in the afternoon, with Riying Electronics (603286.SH)  -3.730 (-5.426%)   and Zhenyu Technology (300953.SZ)  -9.420 (-4.146%)   surging 8% and 6%, respectively.

Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.
Several new films are scheduled for release during the upcoming May Day holiday period this year, boosting film and television stocks against the broader market. Wentou Holdings (600715.SH)  0.000 (0.000%)   and Beijing Culture (000802.SZ)  -0.130 (-3.066%)   both hit the daily limit, while Bona Film (001330.SZ)  +0.150 (+1.834%)   rose 5.2%.

In addition, CATL (300750.SZ)  +2.320 (+0.532%)   gained 3.5%. Tianqi Lithium (002466.SZ)  -2.670 (-3.775%)   rose 5.8% after forecasting its 1Q net profit to surge 1,530.31% to 1,818.01% YoY. BYD (002594.SZ)  -1.770 (-1.742%)   , however, fell 1.3%. (ta/u) (A Shares quote is delayed for at least 15 mins.)



Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks
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.

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