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Shanghai & Shenzhen A-shares Trade Narrowly; Property Stocks Advance; CAMBRICON (688256.SH) Hits Limit Up to New High
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The RMB central parity against the USD was set at 6.8628, down 20 bps MoM. The Peoples Bank of China conducted RMB126.2 billion seven-day reverse repo operations in the open market today (30th), with the interest rate unchanged at 1.4%. With RMB500 million of reverse repos maturing today, the single-day net injection amounted to RMB125.7 billion. Chinas April Manufacturing PMI edged down to 50.3, beating expectations; Non-Manufacturing PMI fell to 49.4, missing expectations. April RatingDog Manufacturing PMI rose to 52.2, above expectations. The three major A-share indices fluctuated within a narrow range and closed mixed. The Shanghai Composite Index closed at 4,112, up 4 points or 0.1%, with turnover of RMB1.28 trillion; the Shenzhen Component Index closed at 15,107, down 13 points or 0.09%, with turnover of RMB1.46 trillion; the ChiNext Index closed at 3,677, down 10 points or 0.3%, with turnover of RMB638.1 billion. Among banks, ICBC (601398.SH) and CCB (601939.SH) fell 0.3% and rose 1.4%, respectively. ICBCs quarterly net profit increased 3.3% YoY. CCBs 1Q net profit rose 3.5% YoY. BANK OF CHINA (601988.SH) slipped 0.7%, with 1Q net profit up 4.17% YoY. MINSHENG BANK (600016.SH) declined 1.1%, as its 1Q net profit dropped 9.64% YoY. CSC (601066.SH) climbed 4.1%, with 1Q net profit surging 99.03% YoY. BYD Company (002594.SZ) fell 2.3%. CONTEMPORARY AMPEREX (300750.SZ) dropped 2%. Leading property stocks continued to rise. VANKE A (000002.SZ) gained 1% after reporting its 1Q26 loss narrowed to RMB5.95 billion. GREENLAND HOLDINGS (600606.SH) jumped 6.8%. GEMDALE (600383.SH) added 1.1%. Shenzhen further optimized property policies, easing home purchase restrictions in core districts starting today. Chip-related stocks advanced. SMIC (688981.SH) rose 5.6% in A-shares. HUA HONG (688347.SH) surged 6.7%. AI chipmaker CAMBRICON (688256.SH) hit limit up and closed at a record high, with 1Q net profit up 185.04% YoY. METAX (688802.SH) reported its 1Q net loss narrowed to RMB98.8424 million, with shares up 6.3%. MOORE THREADS (688795.SH) gained 3.8%. YANGTZE OPTICAL FIBRE (601869.SH) posted a 226.4% YoY increase in 1Q net profit, but its shares fell 4.5%. (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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