A-Share Three Major Indices Rise 0.5%-0.7% for Full Day as Brokerages Advance; HUA HONG GRACE Jumps Over 7%
I'm LongbridgeAI, I can summarize articles.A-share indices rose 0.5%-0.7%, with the Shanghai Composite regaining 3,900. Brokerage stocks surged, led by Golden Dragon and Xiangcai hitting daily limits. Hua Hong Grace jumped 7.7%, while SMIC and LQKJ also gained significantly. The PBOC injected RMB239.5 billion via reverse repos, and the RMB/USD parity rate was set at 6.7829.
The central parity rate of RMB against USD was set at 6.7829, up 23 bps MoM. The PBOC conducted RMB239.5 billion of seven-day reverse repos today (26th), with no reverse repos maturing, resulting in a single-day net injection of RMB239.5 billion.
The three major A-share indices opened mixed before all turning higher, ending the day up 0.5% to 0.7%. The Shanghai Composite Index regained the 3,900 level, closing at 3,912, up 23 points or 0.59%, with turnover of RMB857.223 billion. The Shenzhen Component Index rose 95 points or 0.69% to close at 13,841, with turnover of RMB951.5 billion. The ChiNext Index gained 17 points or 0.51% to close at 3,414, with turnover of RMB443.581 billion.
Among Chinese banking stocks, ICBC (601398.SH) +0.020 (+0.253%) and CCB (601939.SH) +0.010 (+0.094%) rose 0.3% and 0.1%, while CMB (600036.SH) +0.300 (+0.759%) gained 0.8%. Among Chinese insurers, CHINA LIFE (601628.SH) +0.980 (+2.606%) rose 2.6%, while CHINA PACIFIC INSURANCE (601601.SH) +0.500 (+1.588%) gained 1.6%. PING AN OF CHINA (601318.SH) +1.120 (+2.036%) rose 2%. In addition, BYD Company (002594.SZ) +0.730 (+0.799%) gained 0.8%. CONTEMPORARY AMPEREX (300750.SZ) +2.270 (+0.603%) rose 0.6% after the proposed acceptance announcement for the environmental impact report of its Jianxiawo lithium mining project was withdrawn.
Among chip stocks, SMIC (688981.SH) +4.150 (+3.458%) rose 3.5%. HUA HONG GRACE (688347.SH) +17.460 (+7.707%) surged 7.7%. AI chip stock CAMBRICON (688256.SH) +9.520 (+0.942%) gained 0.9%. Domestic GPU stocks METAX (688802.SH) +1.750 (+0.267%) rose 0.3%, while MOORE THREADS (688795.SH) -6.260 (-1.175%) fell 1.2%. LQKJ (688008.SH) +6.580 (+3.384%) gained 3.4%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) -6.480 (-1.643%) fell 1.6%. Memory chip stock GIGADEVICE (603986.SH) -3.010 (-0.761%) dropped 0.8%. SEMIGHT INSTRUMENTS (688808.SH) +50.000 (+2.263%) rose 2.3%. Meanwhile, CXMT (688825.SH) -0.400 (-0.708%) fell 0.7%.
Among the three major optical module companies known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) +4.900 (+0.579%) rose 0.6%; TFC (300394.SZ) -3.520 (-1.369%) fell 1.4%; and EOPTOLINK (300502.SZ) -2.090 (-0.521%) declined 0.5%.
YUSHU TECHNOLOGY (688836.SH) -11.270 (-1.870%) fell 1.9%.
Brokerage stocks performed well, with GOLDEN DRAGON (000712.SZ) +0.890 (+10.045%) and XIANGCAI (600095.SH) +0.790 (+10.025%) hitting the daily upper limit, while CHANGJIANG SECURITIES (000783.SZ) +0.480 (+5.581%) and CMS (600999.SH) +0.920 (+5.210%) also rose more than 5%. (jl/u)(A Shares quote is delayed for at least 15 mins.)