The three major A-share indices of Shanghai and Shenzhen rose by 1.2% to 3.1% in the first half of the day, with strong performance in chip, photovoltaic, computing power, and commercial aerospace stocks

AASTOCKS
2026.02.09 03:30

The central parity rate of the RMB against the US dollar was raised by 67 points today, reported at 6.9523 per US dollar.

The People's Bank of China today (9th) conducted a 1.13 billion RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 75 billion RMB of reverse repos are maturing, resulting in a net injection of 38 billion RMB for the day.

The three major A-share indices opened high and rose, with an increase of about 1% to 3%. The Shanghai Composite Index closed at 4,113 points at noon, up 47 points or 1.2%, with a turnover of 622.6 billion RMB; the Shenzhen Component Index closed at 14,194 points at noon, up 287 points or 2%, with a turnover of 868.4 billion RMB; the ChiNext Index closed at 3,337 points at noon, up 100 points or 3.1%, with a turnover of 429.4 billion RMB.

Heavyweight domestic bank stock Industrial and Commercial Bank of China (601398.SH) closed flat. China Construction Bank (601939.SH) fell by 0.1%. Ping An Insurance (601318.SH) and China Life (601628.SH) rose by 2.6% and 1.7%, respectively. ZTE Corporation (000063.SZ) plans to invest 200 million RMB to subscribe to shares of the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund, with its stock price rising by 2.8%.

Real estate stocks strengthened, with Vanke (000002.SZ), China Jinmao (600383.SH), Beijing Investment Development (600683.SH), and Greenland Holdings (600606.SH) rising by 2.4% to 4.5%.

International gold prices rebounded, with spot gold rising above 5,000 USD, and gold-related stocks favored, with Zijin Mining (601899.SH), Shandong Gold (600547.SH), Chifeng Jilong Gold Mining (600988.SH), Zhongjin Gold (600489.SH), and Zhaojin Mining (000506.SZ) rising by 0.6% to 3%.

Chip-related stocks strengthened, with SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) rising by 1.7% and 3.5%, respectively. AI chip stock Cambricon (688256.SH) rose by 5%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) rose by 5.5% and 3.7%, respectively.

Photovoltaic and computing power concept stocks surged, with Shuangliang Energy (600481.SH) and TCL Zhonghuan (002129.SZ) rising by 7.5% and 8.6%, respectively. Yangtze Optical Fibre and Cable Joint Stock Limited Company (601869.SH), Tianfu Communication (300394.SZ), and Guangku Technology (300620.SZ) all hit the daily limit.

Commercial aerospace stocks performed well, with Dinggu Jichuang (300749.SZ) and Hangxiao Steel Structure (600477.SH) both hitting the daily limit. The mainland successfully launched a type of reusable experimental spacecraft, and commercial aerospace is expected to enter a stage of high-frequency launches In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) closed flat. BYD Company Limited (002594.SZ) rose by 0.4%

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