The three major A-share indices in Shanghai and Shenzhen rose by 0.4% to 0.7% throughout the day, with the Shanghai Composite Index fluctuating around 3,900 points, and retail stocks gained
The central parity rate of the RMB against the US dollar was raised by 33 points to 7.0550 against one US dollar, reaching a new high in over 14 and a half months.
The People's Bank of China today (19th) conducted a seven-day reverse repurchase operation of 56.2 billion RMB (the same below) in the open market, with the operation rate remaining at 1.4%. At the same time, a 14-day reverse repurchase operation was conducted, involving 100 billion RMB. Today, 120.5 billion RMB of reverse repos matured, resulting in a net injection of 35.7 billion RMB for the day.
The three major indices of A-shares opened higher and rose, with the Shanghai Composite Index testing 3,900 points but ultimately losing ground. The Shanghai Composite Index closed up 14 points or 0.4% at 3,890 points, with a turnover of 738.1 billion RMB. The Shenzhen Component Index closed up 86 points or 0.7% at 13,140 points, with a turnover of 987.85 billion RMB. The ChiNext Index closed up 15 points or 0.5% at 3,122 points, with a turnover of 438.3 billion RMB.
Major domestic bank stocks showed mixed performance, with Industrial and Commercial Bank of China (601398.SH) down 1.4% and China Construction Bank (601939.SH) up 0.1%.
Leading domestic real estate stocks stabilized and rose, with China Vanke (000002.SZ), Poly Developments (600048.SH), and Greenland (600606.SH) rising between 0.6% and 1.6%.
Some consumer retail stocks rose, with DoBe Group (300947.SZ) and SHJB (600838.SH) both hitting the daily limit. Dalian Friendship (000679.SZ) rose 7.2%. China Duty Free Group (601888.SH) also rose 8.3%.
Leading domestic chip stocks rose steadily, with SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) up 0.7% and 0.2%, respectively. Cambrian (688256.SH) fell 1.5%. Computing power stock Yangtze Optical Fibre (601869.SH) continued to rise by 6.9%.
In addition, CATL (300750.SZ) and BYD (002594.SZ) rose 0.5% and 0.8%, respectively
