As the long holiday approaches, the three major indices of A-shares show a lackluster half-day performance, with WuXi AppTec rising over 50% after earnings

AASTOCKS
2025.04.29 03:41

The People's Bank of China today (29th) conducted a 7-day reverse repurchase operation in the open market amounting to 340.5 billion yuan (same below), with the operation interest rate remaining at 1.5%. Today, 220.5 billion yuan of reverse repos are maturing, resulting in a net injection of 120 billion yuan. The central parity rate of the yuan against the US dollar is reported at 7.2029, up 14 points.

As the May Day holiday approaches, the three major indices of A-shares opened lower this morning and showed a lackluster performance. The Shanghai Composite Index fell less than 1 point or 0.03% to close at 3,287 points, with a turnover of 268.9 billion yuan. The Shenzhen Component Index closed at 9,863 points, up 8 points or 0.09%, with a turnover of 376.8 billion yuan. The ChiNext Index closed at 1,935 points, up less than 1 point or 0.05%, with a turnover of 172.4 billion yuan.

Banking stocks such as China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) each fell by 0.4%.

Gold stocks were weak, with Shandong Gold (600547.SH), Zhongjin Gold (600489.SH), and Chifeng Gold (600988.SH) falling between 0.3% and 1.1%.

BYD (002594.SZ) fell by 0.7%. Contemporary Amperex Technology Co., Limited (300750.SZ) fell by 0.3%.

WuXi AppTec (603259.SH) reported a year-on-year net profit growth of 89.06% in the first quarter, with its stock price opening high and rising by 5.2%.

SZPRD (000011.SZ) reported a year-on-year net profit growth of 979.79% in the first quarter, with its stock price rising by 1.7%.

Three Squirrels (300783.SZ) earned 22% less in the first quarter and has applied for a listing in Hong Kong, with its stock price falling by 4.6%