The three major indices of A-shares in Shanghai and Shenzhen had mixed performances throughout the day, with the Shanghai Composite Index rising. Aluminum and innovative pharmaceutical stocks increased, while coal and power stocks declined

AASTOCKS
2026.03.30 07:06

According to the Financial Times, U.S. President Trump stated that indirect negotiations between the U.S. and Iran through "intermediaries" in Pakistan are progressing smoothly, and a ceasefire agreement with Iran may be reached soon. The central parity rate of the Renminbi against the U.S. dollar is reported at 6.9223, down 82 points from the previous day.

The People's Bank of China today (30th) conducted a 269.5 billion Renminbi (the same below) seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. Today, 8 billion Renminbi in reverse repos are maturing, resulting in a net injection of 261.5 billion Renminbi for the day.

The three major A-share indices opened lower but rose higher, with the Shanghai Composite Index reversing to gain, while the Shenzhen Component and ChiNext indices saw their declines significantly narrow. The Shanghai Composite Index rose 9 points or 0.2% to close at 3,923 points, with a turnover of 839.8 billion Renminbi. The Shenzhen Component Index fell 34 points or 0.3% to 13,726 points, with a turnover of 1.08 trillion Renminbi. The ChiNext Index fell 22 points or 0.7% to 3,273 points, with a turnover of 454 billion Renminbi.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) reported a 0.7% increase in annual net profit to 368.562 billion Renminbi, with a final dividend of 16.89 cents, and its stock price opened lower but rose 2.3%. China Construction Bank (601939.SH) reported an annual net profit of 338.9 billion Renminbi, up 1%, with a final dividend of 20.29 cents per share, and its stock price opened lower but rose nearly 1%.

Additionally, BYD (002594.SZ) reported an annual net profit of 32.619 billion Renminbi, a year-on-year decline of 19%, with a final dividend of 35.8 cents, and plans to use no more than 60 billion Renminbi of idle funds for entrusted wealth management, with its stock price initially falling but later rising 0.7%. Contemporary Amperex Technology Co., Limited (300750.SZ) fell 0.8%. EVE Energy (300014.SZ) opened lower and fell 4.6%, as the company plans to invest about 6 billion Renminbi in a 60GWh energy (power) battery project.

International oil prices rose, with China Petroleum (601857.SH) up 3.1%, reporting a 4.5% year-on-year decline in net profit last year, and proposing a cash dividend of 0.25 Renminbi per share. Capital expenditures for the oil and gas and new energy segments are expected to be 220.8 billion Renminbi in 2026. Sinopec (600028.SH) rose 1.2%.

Two aluminum companies in the Middle East were attacked, leading to a rise in aluminum stocks, with TIANSHAN ALUMINUM (002532.SZ) hitting the daily limit, as the company expects a 107.92% year-on-year increase in net profit for the first quarter. Minmetals Aluminum (002578.SZ) and Chang Aluminum (002160.SZ) also hit the daily limit.

Coal stocks fell, with Liaoning Energy (600758.SH) hitting the daily limit down. Yunnan Coal Energy (600792.SH) fell 2.7%. Power stocks continued to decline, with Jinko Power (000767.SZ) and Huadian Liaoning Energy (600396.SH) both hitting the daily limit down.

Chip stocks fell, with Semiconductor Manufacturing International Corporation (688981.SH) A-shares down 1.7%. Hua Hong Semiconductor (688347.SH) A-shares fell 1.6%. AI chip stock Cambricon (688256.SH) also fell 1.4%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) rose 4.8% and 0.7%, respectively.

Innovative drug concept stocks continued to rise, with Tianjin Pharmaceutical (600488.SH) and Menarini (603538.SH) both hitting the daily limit. Wanbangde (002082.SZ) and Shutai Shen (300204.SZ) rose 5.4% and 3.6%, respectively Haier Smart Home A-shares (600690.SH) continue to decline, dropping another 2.9% today. Its net profit for 2025 is projected to be 19.553 billion yuan, a year-on-year increase of 4.39%. It plans to distribute a cash dividend of 8.867 yuan per share and intends to repurchase A-shares worth between 3 billion and 6 billion yuan

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