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Shanghai and Shenzhen Markets: Three Major A-share Indices Rise 0.2% to 1.7% for the Day; YANGTZE OPTICAL FIBRE (601869.SH) Surges Nearly 9%
The RMB central parity against the USD was set at 6.8184, up 3 bps MoM. The PBOC did not conduct seven-day reverse repo operations in the open market today (3rd), with the operatin...
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Shanghai and Shenzhen Markets: Three Major A-share Indices Rise 0.2% to 1.7% for the Day; YANGTZE OPTICAL FIBRE (601869.SH) Surges Nearly 9%
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The RMB central parity against the USD was set at 6.8184, up 3 bps MoM. The PBOC did not conduct seven-day reverse repo operations in the open market today (3rd), with the operating rate unchanged at 1.4%. Meanwhile, RMB177.6 billion of reverse repos matured, resulting in a single-day net withdrawal of RMB177.6 billion.

The three major A-share indices opened mixed, with gains expanding in early trading. Performance turned volatile toward the close, and all three indices ended the day up between 0.2% and 1.7%.

Related NewsRANGE TECHNOLOGY (300442.SZ) Reportedly In Talks for HKD20B Loan to Build Sha Ling Data Park
The Shanghai Composite Index closed at 4,083, up 8 points or 0.22%, with turnover of RMB1.43 trillion. The Shenzhen Component Index rose 113 points or 0.73% to close at 15,704, with turnover of RMB1.7 trillion. The ChiNext Index once broke above the 4,200 level for the first time in history, hitting an intraday peak of 4,218, and closed at 4,122, up 67 points or 1.65%, with turnover of RMB803.0 billion.

Among financials, ICBC (601398.SH)  +0.110 (+1.521%)   fell 0.8% and CCB (601939.SH)  +0.190 (+1.894%)   declined 1.2%. In the insurance sector, CHINA LIFE (601628.SH)  +0.330 (+1.016%)   dropped 1.1% and CHINA PACIFIC INSURANCE (601601.SH)  +0.030 (+0.097%)   fell 1.2%. In addition, BYD Company (002594.SZ)  -0.430 (-0.460%)   slid 2% after announcing plans to complete construction of 20,000 fast-charging stations by year-end. CONTEMPORARY AMPEREX (300750.SZ)  -5.200 (-1.274%)   declined 1.7%.

In the semiconductor space, SMIC (688981.SH)  -7.480 (-5.546%)   rose 1.2% and HUA HONG (688347.SH)  -17.000 (-6.967%)   gained nearly 3%. AI chipmaker CAMBRICON (688256.SH)  -59.700 (-4.393%)   advanced 6%. Domestic GPU makers METAX (688802.SH)  -14.300 (-1.974%)   and MOORE THREADS (688795.SH)  -22.020 (-3.357%)   surged 14% and 8.4%, respectively. LQKJ (688008.SH)  -20.280 (-7.810%)   climbed 7.1%. Optical fibre producer YANGTZE OPTICAL FIBRE (601869.SH)  -14.220 (-3.119%)   jumped 8.9%. Memory chipmaker GIGADEVICE (603986.SH)  -41.310 (-7.805%)   rose 3.7%.

A-share "new king" SEMIGHT INSTRUMENTS (688808.SH)  +25.010 (+1.180%)   gained 7.7% to close at RMB2,004, with a total market capitalization of RMB205.744 billion. KWEICHOW MOUTAI (600519.SH)  +4.860 (+0.383%)   fell 1.9% to RMB1,281.91, with a total market capitalization of RMB1.6 trillion. The company adjusted its profit distribution plan for last year, raising the dividend per share to RMB28.02.

Meanwhile, FOXCONN INDUSTRIAL INTERNET (601138.SH)  -4.490 (-5.716%)   rose 1.3%, with total market capitalization surpassing that of KWEICHOW MOUTAI at RMB1.61 trillion. ZHONGJI INNOLIGHT (300308.SZ)  -100.010 (-7.813%)   surged nearly 7% to close at RMB1,275, with its share price approaching that of KWEICHOW MOUTAI. (jl/u)(A Shares quote is delayed for at least 15 mins.)

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