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<A Shrs> Three Major A-Share Indices Weaken All Day; ChiNext Down 1.4%; Coal Stocks Rise Against Trend
Recommend 7 Positive 8 Negative 6 |
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The RMB central parity against the USD was set at 6.8589, down 10 bps MoM. The Peoples Bank of China conducted RMB43.5 billion of seven-day reverse repos in the open market today (28th), with the operation rate unchanged at 1.4%. With RMB5 billion of reverse repos maturing today, there was a single-day net injection of RMB38.5 billion. The three major A-share indices were broadly weak, with losses on the ChiNext board widening in the afternoon. The Shanghai Composite closed at 4,078 points, down 7 points or 0.2%, with turnover of RMB1.11 trillion; the Shenzhen Component closed at 14,830 points, down 165 points or 1.1%, with turnover of RMB1.42 trillion; the ChiNext Index closed at 3,596 points, down 52 points or 1.4%, with turnover of RMB664.9 billion. Banking stocks bucked the trend with support. INDUSTRIAL AND COMMERCIAL BANK OF CHINA (601398.SH) and CHINA CONSTRUCTION BANK (601939.SH) rose 0.3% and 1.2%, respectively. GF SECURITIES (000776.SZ) jumped 6% after its 1Q26 net profit surged 70.7% YoY. In addition, BYD (002594.SZ) fell 0.8%. CONTEMPORARY AMPEREX TECHNOLOGY (300750.SZ) declined 1.7%, while CONTEMPORARY AMPEREX TECHNOLOGY (03750.HK) priced a placing of H shares at a 7% discount, raising net proceeds of over HKD39.1 billion. International oil prices rose, lifting CNOOC (600938.SH) and PETROCHINA (601857.SH) by 2.5% and 1.8%, respectively. Chemical stocks advanced, with CHITIANHUA (600227.SH) hitting the daily limit up. RIFENG HIGH-TECH (300243.SZ) gained 10.5%. Coal stocks moved higher against the broader weakness, with CHINA COAL ENERGY (601898.SH) climbing 6.2% despite a 3.2% YoY decline in 1Q26 net profit. JINNENG HOLDING COAL INDUSTRY (601001.SH) rose 6.4%. Shipbuilding stocks strengthened, as CSSC (600150.SH) and CSSC OFFSHORE & MARINE ENGINEERING (600685.SH) advanced 7.6% and 3.1%, respectively. Tourism stocks retreated, with SHAANXI TOURISM (603402.SH) hitting the daily limit down. THREE GORGES TOURISM (002627.SZ) and LIJIANG CO., LTD. (002033.SZ) fell 5.4% and 7.2%, respectively. Chip stocks were mixed. SMIC (688981.SH) A shares dropped 2.2%. HUA HONG SEMICONDUCTOR (688347.SH) A shares slid 3.5%. AI chipmaker CAMBRICON (688256.SH) gained 1.3%. Domestic GPU player MOORE THREADS (688795.SH) rose 2.8%. MONTAGE TECHNOLOGY (688008.SH) reported a 61.3% YoY increase in 1Q26 net profit, but its shares fell 2.5%. AMEC (688012.SH) added 2.9% after its 1Q26 net profit surged 197.2% YoY. WUXI APPTEC (603259.SH) hit the daily limit up, with 1Q26 net profit rising 26.7% YoY to RMB4.65 billion. JUNSHI BIOSCIENCES (688180.SH) gained 1.5%, with its 1Q26 loss narrowing to RMB20.56 million. HAIR SMART HOME (600690.SH) rose 4% despite a 15.2% YoY decline in 1Q26 net profit. WALVAX BIOTECH (300142.SZ) jumped 7.5%, as its 1Q26 net profit increased by more than 40 times YoY. BOYUN NEW MATERIALS (002297.SZ) hit the daily limit up, with 1Q26 net profit surging more than 133 times YoY. (ta/da) 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 |
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