The three major A-share indices of Shanghai and Shenzhen opened mixed, lithium mining stocks rose, while CATL was slightly weak

The People's Bank of China today (26th) conducted a 32.05 billion yuan (the same below) seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. Today, 400 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 79.5 billion yuan for the day.

The central parity rate of the yuan against the US dollar is reported at 6.9228, an increase of 93 points from the previous day. The three major A-share indices opened mixed. The Shanghai Composite Index opened at 4,151 points, up 0.09% or 3 points. The Shenzhen Component Index opened at 14,495 points, up 19 points or 0.1%. The ChiNext Index opened at 3,346 points, down 8 points or 0.2%.

Banking stocks such as Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened up 0.1% and 0.2%, respectively. In addition, BYD (002594.SZ) opened flat. CATL (300750.SZ) opened down 1.7%.

Zimbabwe announced the suspension of lithium concentrate and raw ore exports effective immediately. The country has lithium reserves of 126 million tons, making it a major global supplier. Lithium mining stocks rose accordingly, with Ganfeng Lithium (002460.SZ) and Tianqi Lithium (002466.SZ) opening up 4.4% and 5.9%, respectively.

In the semiconductor sector, SMIC (688981.SH) opened flat in A-shares. SMIC plans to issue shares to acquire 49% equity in SMIC North, and the application documents have been accepted by the Shanghai Stock Exchange.

AI chip stock Cambrian (688256.SH) opened up 1.2%. Hua Hong (688347.SH) opened up 0.9% in A-shares.

Haiguang Information (688041.SH) is expected to see a year-on-year increase of 23% in net profit for the first quarter, reaching 42%, with the stock price opening up 2%