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Shanghai and Shenzhen Markets: A Shrs' Three Major Indices Gain 0.5% to 1.9% at Midday; Computing Power Hardware Stocks Advance
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The State Council executive meeting studied work related to advancing the construction of a unified national market. In addition, the National Development and Reform Commission is planning to roll out supporting documents to accelerate the implementation of AI applications. The RMB central parity against the USD was set at 6.8373, lowered by 24 bps MoM. Today (22nd), the PBOC conducted RMB153 billion seven-day reverse repo operations in the open market at an unchanged interest rate of 1.4%. With RMB0.5 billion maturing, the single-day net injection amounted to RMB152.5 billion. The three major A-share indices opened 0.5% to 1.2% higher and gained 0.5% to 1.9% by midday. The Shanghai Composite Index closed at 4,096 at midday, up 18 points or 0.5%, with turnover of RMB790.001 billion. The Shenzhen Component Index rose 211 points or 1.39% to 15,458, with turnover of RMB987.632 billion. The ChiNext Index climbed 72 points or 1.9% to 3,902, with turnover of RMB475.731 billion. Among bank stocks, ICBC (601398.SH) rose 0.6%, while CCB (601939.SH) gained 0.5%. In the insurance sector, CHINA LIFE (601628.SH) fell 0.8% and CHINA PACIFIC INSURANCE (601601.SH) edged down 0.03%. BYD Company (002594.SZ) added 0.4%, denying plans to acquire Maserati. CONTEMPORARY AMPEREX (300750.SZ) rose 0.6% by midday. "New King of A-shares" SEMIGHT INSTRUMENTS (688808.SH) surged 4.1% to RMB1,592.19, with turnover of RMB2.186 billion and a total market capitalization of RMB163.465 billion. KWEICHOW MOUTAI (600519.SH) slipped 1.3% to RMB1,293.67. In the chip sector, SMIC (688981.SH) and HUA HONG (688347.SH) rose 0.09% and 1.5%, respectively. SMIC received approval from the China Securities Regulatory Commission for its proposed share issuance to acquire a 49% stake in SMIC Northern. AI chipmaker CAMBRICON (688256.SH) fell 0.2%. Domestic GPU makers METAX (688802.SH) and MOORE THREADS (688795.SH) rose 0.9% and fell 0.4%, respectively. LQKJ (688008.SH) gained 1.6%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) advanced 1.9%. Memory chipmaker GIGADEVICE (603986.SH) climbed 2.7%. Computing power hardware stocks performed strongly, with SF DIAMOND (300179.SZ) and HUANGHE WHIRLWIND (600172.SH) hitting the daily upper limit. (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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