Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<A Shrs> Three Major Indices Slip 0.6% to 2.2% at Midday; Lithium Miners and Chip Stocks Rise Against Trend; YOFC Falls Another 4.5%
Recommend 5 Positive 0 Negative 4 |
||||
|
||||
|
The RMB central parity against the USD was set at 6.8674, lowered by 24 bps MoM. The People's Bank of China conducted RMB5 billion of seven-day reverse repos in the open market today (24th), with the operation rate unchanged at 1.4%. With RMB0.5 billion of reverse repos maturing today, there was a net daily injection of RMB4.5 billion. The three major A-share indices opened lower and trended downward through midday. The Shanghai Composite closed the half day at 4,069, down 23 points or 0.6%, with turnover of RMB751.7 billion; the Shenzhen Component Index closed at 14,837, down 205 points or 1.4%, with turnover of RMB978.2 billion; and the ChiNext Index closed at 3,638, down 81 points or 2.2%, with turnover of RMB483.8 billion. Banking stocks were mixed, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) rising 0.1% and 0.2%, respectively. China Telecom (601728.SH) fell 0.8% after its 1Q net profit declined 17.1% YoY. CATL (300750.SZ) gained 0.8% as its major shareholder Ningbo Lianchuang reduced its stake to 4.96%. BYD (002594.SZ) dropped 1.1%. Lithium mining-related stocks moved higher. Ganfeng Lithium (002460.SZ) and Tianqi Lithium (002466.SZ) rose 3.2% and 4.2%, respectively. Jiangte Motor (002176.SZ) and Rongjie (002192.SZ) surged to the daily limit. Tibet Summit Resources (600338.SH) jumped 7.4%. Chip stocks opened lower but rebounded. SMIC (688981.SH) A shares rose 4.6%, while Hua Hong Semiconductor (688347.SH) A shares surged 9.9%. AI chipmaker Cambricon (688256.SH) gained 3.9%. Novosense Microelectronics (02676.HK) soared more than 11% in Hong Kong, while its A shares (688052.SH) climbed 4.7%. Computing power-related stocks retreated. Hongbo (002229.SZ) fell to the daily limit, while Fuan (603315.SH) and Annoroad (300067.SZ) slumped 7% and 2.2%, respectively. YOFC (601869.SH) extended losses, dropping another 4.5% by midday. Shannon Xinchuang (300475.SZ) opened higher and climbed 6.7%. Its 1Q net profit reached RMB1.327 billion, surging more than 78x YoY, mainly due to expanded sales scale of electronic components and higher product prices compared with the same period last year. Sunwoda (300207.SZ) fell 4.1% after its 1Q net profit declined 70.49% YoY. Optical module giant Eoptolink (300502.SZ) tumbled 12.7% on heavy turnover of RMB35.48 billion for the half day, despite reporting 1Q net profit growth of 76.8% YoY. 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 |
||||
Copied to Clipboard
 |
||||
