A-Share Three Major Indices Open 0.2%-0.5% Higher; Tourism Stocks Advance
I'm LongbridgeAI, I can summarize articles.A-share indices opened higher, with the Shanghai Composite up 0.16%, Shenzhen Component up 0.29%, and ChiNext up 0.52%. The PBOC withdrew RMB85 billion net liquidity. Tourism stocks surged following State Council approval of the '15th Five-Year Plan' for a strong tourism nation, with Lingnan Holdings hitting the daily limit-up. Chip stocks also advanced, while Luxshare ICT set its H-share offer price at HKD63.28.
The central parity rate of RMB against USD was set at 6.8077, down 23 bps daily. The PBOC conducted RMB15 billion of seven-day reverse repo operations, while RMB100 billion of reverse repos matured, resulting in a net liquidity withdrawal of RMB85 billion in a single day. The three major A-share indices opened 0.2% to 0.5% higher.
The Shanghai Composite Index opened up 6 pts or 0.16% at 3,996. The Shenzhen Component Index opened up 44 pts or 0.29% at 15,269. The ChiNext Index rose 20 pts or 0.52% to 3,932.
Among mainland banking stocks, ICBC (601398.SH) +0.040 (+0.551%) and CCB (601939.SH) -0.030 (-0.302%) both opened down 0.6%, while CMB (600036.SH) +0.170 (+0.453%) opened down 0.5%. Among mainland insurance stocks, CHINA LIFE (601628.SH) +0.090 (+0.240%) opened down 0.4%, while CHINA PACIFIC INSURANCE (601601.SH) -0.080 (-0.271%) opened down 0.2%. In addition, BYD Company (002594.SZ) +0.400 (+0.464%) opened down 0.3%. CONTEMPORARY AMPEREX (300750.SZ) -4.220 (-1.133%) opened up 0.4%.
Among chip stocks, SMIC (688981.SH) +1.900 (+1.307%) opened up 1.8%, while HUA HONG GRACE (688347.SH) +7.090 (+2.188%) opened up 1.1%. AI chip stock CAMBRICON (688256.SH) +42.740 (+3.079%) opened up 2.5%. Domestic GPU stocks METAX (688802.SH) -1.590 (-0.191%) and MOORE THREADS (688795.SH) -3.200 (-0.483%) opened up 0.4% and nearly flat, respectively. LQKJ (688008.SH) -1.640 (-0.648%) opened up 1.1%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) -1.410 (-0.329%) opened up 1.2%. Memory chip stock GIGADEVICE (603986.SH) +1.000 (+0.161%) opened up 1.6%.
Among the three major optical module players, ZHONGJI INNOLIGHT (300308.SZ) +5.370 (+0.479%) opened up 1.2%, TFC (300394.SZ) +3.690 (+1.512%) opened up 0.8%, and EOPTOLINK (300502.SZ) -1.180 (-0.231%) opened nearly 1% higher.
Tourism stocks performed well, with LINGNAN HOLDINGS (000524.SZ) +0.900 (+10.056%) hitting the daily limit-up at market open. The State Council in principle approved the "15th Five-Year Plan" for building China into a strong tourism nation, aiming to foster new growth drivers for tourism development, enrich tourism supply, unleash consumption potential, and accelerate the construction of a strong tourism country.
Luxshare ICT (02475.HK) set its H-share offer price at HKD63.28 per share, while LUXSHARE PRECISION (002475.SZ) -1.780 (-2.813%) opened down 0.4% on the A-share market.
VANKE A (000002.SZ) -0.030 (-1.003%) opened down 0.3%. The company will repay 40% of the principal upon maturity of 23 Vanke MTN004, while the remaining 60% principal will be extended by one year. (jl/da)(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.)