Three Major A-Share Indices Open 0.3%-1.5% Higher; ZHONGJI INNOLIGHT Surges Over 4%
I'm LongbridgeAI, I can summarize articles.China's three major A-share indices opened higher, with the Shanghai Composite up 0.27%, Shenzhen Component up 0.85%, and ChiNext up 1.52%. The PBOC conducted a net withdrawal of RMB1 billion via reverse repo operations. Key sectors saw mixed performance: optical module stocks surged, led by Zhongji Innolight (+4.2%) and TFC (+8.9%), while chip stocks like SMIC and Hua Hong Grace also gained. Conversely, major bank and insurance stocks opened slightly lower.
The RMB central parity rate against the USD was set at 6.7888, down 6 bps daily. The PBOC did not conduct seven-day reverse repo operations today (13th). With RMB1 billion of reverse repos maturing, the single-day net withdrawal reached RMB1 billion. The three major A-share indices opened 0.3% to 1.5% higher this morning.
The Shanghai Composite Index opened up 10 pts or 0.27% at 3,957. The Shenzhen Component Index opened up 122 pts or 0.85% at 14,536. The ChiNext Index opened up 54 pts or 1.52% at 3,656.
Among mainland Chinese bank stocks, ICBC (601398.SH) -0.010 (-0.133%) and CCB (601939.SH) -0.030 (-0.293%) opened down 0.5% and 0.7%, respectively, while CMB (600036.SH) -0.040 (-0.103%) opened down 0.3%. Among mainland Chinese insurance stocks, CHINA LIFE (601628.SH) +0.010 (+0.027%) opened down 0.5%, while CHINA PACIFIC INSURANCE (601601.SH) +0.050 (+0.164%) opened down 0.4%. In addition, BYD Company (002594.SZ) -0.300 (-0.332%) opened down 0.04%, while CONTEMPORARY AMPEREX (300750.SZ) -0.710 (-0.180%) opened down 0.2%.
Among chip stocks, SMIC (688981.SH) +4.260 (+3.329%) opened up 0.8%, while HUA HONG GRACE (688347.SH) +11.650 (+4.264%) opened up 2.5%. AI chip stock CAMBRICON (688256.SH) +54.620 (+4.941%) opened up 2.2%. The company said changes in the future market environment may increase inventory impairment risks and adversely affect profitability, and it will continue expanding the market and controlling related risks.
Domestic GPU stocks METAX (688802.SH) +14.810 (+2.070%) and MOORE THREADS (688795.SH) +8.510 (+1.486%) opened up 0.9% and 0.6%, respectively. LQKJ (688008.SH) +6.330 (+2.938%) opened nearly 3% higher. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) +6.230 (+1.802%) opened up 1.8%. Memory chip stock GIGADEVICE (603986.SH) +11.380 (+2.754%) opened up 2.9%. SEMIGHT INSTRUMENTS (688808.SH) +45.990 (+2.046%) opened up 2.3%.
Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) +29.440 (+3.197%) opened up 4.2%, while TFC (300394.SZ) +21.310 (+8.877%) and EOPTOLINK (300502.SZ) +17.040 (+3.979%) opened up 4.2% and 3.8%, respectively.
CXMT (688825.SH) +1.420 (+2.653%) also opened up 2.4%. (jl/u)(A Shares quote is delayed for at least 15 mins.)