Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Shanghai and Shenzhen Indices Open Down 0.3%-0.7%; CATL (300750.SZ) Opens Down 2%; WuXi AppTec (603259.SH) Hits Limit Up
Recommend 6 Positive 5 Negative 12 |
||||
|
||||
|
The central parity of RMB against USD was set at 6.8589, down 10 bps MoM. The People's Bank of China conducted RMB43.5 billion seven-day reverse repo operations in the open market today (28th), with the operation rate unchanged at 1.4%. RMB5 billion of reverse repos matured today, resulting in a single-day net injection of RMB38.5 billion. The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,076 points, down 10 points or 0.3%. The Shenzhen Component Index opened at 14,925 points, down 70 points or 0.5%. The ChiNext Index opened at 3,623 points, down 25 points or 0.7%. Banking stocks were subdued at the open. Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened down 0.3% and 0.2%, respectively. GF Securities (000776.SZ) opened up 5.6% after its 1Q26 net profit surged 70.7% YoY. BYD (002594.SZ) opened down 0.5%. CATL (300750.SZ) opened down 2%, after CATL (03750.HK) placed shares at a 7% discount, raising net proceeds of over HKD39.1 billion. Tianqi Lithium (002466.SZ) opened up 1.3%, with its 1Q26 net profit surging 17x YoY. Chip stocks were generally weak. SMIC (688981.SH) fell 1.2% at the open, while Hua Hong Semiconductor (688347.SH) also opened down 1.2%. AI chipmaker Cambricon (688256.SH) opened down 0.2%. YOFC (601869.SH) opened down 1.9%. Montage Technology (688008.SH) reported a 61.3% YoY increase in 1Q26 net profit, but its share price fell 3% at market open. WuXi AppTec (603259.SH) hit limit up after its 1Q26 net profit rose 26.7% YoY to RMB4.65 billion. Junshi Biosciences (688180.SH) opened up 1.8%, with its 1Q26 loss narrowing to RMB20.56 million. Walvax Biotechnology (300142.SZ) opened up 5.5%, with its 1Q26 net profit surging more than 40x YoY. Zhangyuan Tungsten (002378.SZ) opened up 4%, with its 1Q26 net profit rising nearly eightfold YoY. (ta/u) 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
 |
||||
