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<A Shrs> SSE Rises 17 pts at Midday; Mainland Banks Firm; Robotics Concept Stocks Advance
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The central parity rate of RMB against USD was set at 6.8157, adjusted up by 46 bps MoM. The People's Bank of China conducted RMB215 billion of seven-day reverse repos today (5th) at an unchanged rate of 1.4%. With RMB123 billion of reverse repos maturing, there was a net injection of RMB92 billion for the day. The three major A-share indices opened 0.2% to 0.4% lower and then diverged. At midday, the Shanghai Composite Index rose 17 pts, or 0.43%, to 4,075, with turnover of RMB835.848 billion. The Shenzhen Component Index fell 38 pts, or 0.24%, to 15,623, with turnover of nearly RMB1.05 trillion. The ChiNext Index dropped 33 pts, or 0.82%, to 4,055, with turnover of RMB487.984 billion. Major mainland banking stocks were firm. ICBC (601398.SH) and CCB (601939.SH) rose 1.4% and 1.9%, respectively. Insurers also advanced, with CHINA LIFE (601628.SH) up 2.1% and CHINA PACIFIC INSURANCE (601601.SH) up 0.9%. BYD Company (002594.SZ) slipped nearly 1%, while CONTEMPORARY AMPEREX (300750.SZ) edged down 0.2%. ZTE (000063.SZ) surged 7.1%. Among chip stocks, SMIC (688981.SH) fell 2.3% and HUA HONG (688347.SH) declined 2.2%. AI chip maker CAMBRICON (688256.SH) dropped 1.1%. Domestic GPU names METAX (688802.SH) and MOORE THREADS (688795.SH) gained 1.5% and 0.1%, respectively. LQKJ (688008.SH) slid 3.8%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) rose 1.5%. Memory chip firm GIGADEVICE (603986.SH) lost 3.9%. A-share "new stock king" SEMIGHT INSTRUMENTS (688808.SH) climbed 4.6% to RMB2,216.49, with a total market capitalization of RMB227.56 billion. KWEICHOW MOUTAI (600519.SH) added 0.5% to RMB1,274.05, with a total market capitalization of RMB1.59 trillion. Robotics concept stocks performed strongly, with ZHONGZHONG SCIENCE & TECHNOLOGY (603135.SH) and YUHUAN CNC (002903.SZ) both hitting their daily upper limits. (jl/da) Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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