The three major indices of A-shares in Shanghai and Shenzhen closed lower for the day, while consumer stocks rose against the trend. BYD fell more than 2% again
The People's Bank of China today (28th) conducted a 215.5 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 157 billion yuan of reverse repos matured, resulting in a net injection of 58.5 billion yuan. The central parity rate of the yuan against the US dollar was reported at 7.1894, down 18 points.
The three major A-share indices were slightly weak, with trading volume being light. The Shanghai Composite Index fell less than 1 point or 0.02%, closing at 3,339 points, with a turnover of 389.3 billion yuan; the Shenzhen Component Index dropped 25 points or 0.3%, closing at 10,003 points, with a turnover of 620.6 billion yuan; the ChiNext Index decreased by 6 points or 0.3%, closing at 1,985 points, with a turnover of 272.2 billion yuan.
Banking stocks such as China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) fell by 0.2% and 0.1%, respectively. In addition, CATL (300750.SZ) dropped by 0.2%. BYD (002594.SZ) continued to decline, falling another 2.6% throughout the day.
Gold stocks initially fell and then stabilized, with Shandong Gold (600547.SH), Zhongjin Gold (600489.SH), and Chifeng Gold (600988.SH) rising by 0.1%-0.7%.
Various e-commerce platforms launched the "618" promotion, with consumer stocks such as food rising against the trend, Juneyao Grand Healthy Drinks (605388.SH) hitting the daily limit again. PINLIVE (300892.SZ) rose by 2.6%
