A-Share Three Major Indices Gain 0.7%-1.6% at Midday; Humanoid Robot Concept Stocks Perform Well
I'm LongbridgeAI, I can summarize articles.A-share indices rose 0.7%-1.6% by midday, driven by strong performance in humanoid robot concept stocks following Unitree Robotics' IPO approval. The Shanghai Composite gained 0.69%, Shenzhen Component 1.39%, and ChiNext 1.58%. Key sectors saw mixed results: chip and AI stocks like Hua Hong Grace and Cambricon rose, while bank and insurance stocks declined slightly. BOE A fell 5.7% despite announcing new tech projects. PBOC conducted reverse repo operations with a net liquidity withdrawal of RMB168.5 billion.
The RMB central parity rate against the USD was set at 6.8047, up 41 bps from the previous day. The PBOC conducted RMB63 billion of seven-day reverse repo operations at an unchanged operating rate of 1.4%. Meanwhile, RMB231.5 billion of reverse repos matured, resulting in a net daily liquidity withdrawal of RMB168.5 billion.
The three major A-share indices opened mixed before fluctuating higher, gaining 0.7% to 1.6% by midday.
The Shanghai Composite Index closed the morning session at 4,056, up 27 points or 0.69%, with turnover of RMB939.241 billion. The Shenzhen Component Index rose 215 points or 1.39% to 15,714, with turnover of RMB1.12 trillion. The ChiNext Index gained 63 points or 1.58% to 4,080, with turnover of RMB518.768 billion.
Among mainland bank stocks, ICBC (601398.SH) -0.020 (-0.284%) fell 0.3%, CCB (601939.SH) -0.080 (-0.833%) dropped 0.8%, and CMB (600036.SH) -0.050 (-0.137%) slipped 0.1%. Among mainland insurance stocks, CHINA LIFE (601628.SH) -0.300 (-0.779%) declined 0.8%, while CHINA PACIFIC INSURANCE (601601.SH) -0.070 (-0.236%) edged down 0.2%. In addition, BYD Company (002594.SZ) +2.990 (+3.578%) rose 3.6%, while CONTEMPORARY AMPEREX (300750.SZ) +1.810 (+0.473%) gained 0.5%.
Among chip stocks, SMIC (688981.SH) -0.450 (-0.312%) fell 0.3%, while HUA HONG GRACE (688347.SH) +8.880 (+3.121%) climbed 3.1%. AI chip stock CAMBRICON (688256.SH) +22.860 (+1.666%) rose 1.7%. Domestic GPU stocks METAX (688802.SH) +19.870 (+2.744%) and MOORE THREADS (688795.SH) +12.410 (+1.934%) gained 2.7% and 1.9%, respectively. LQKJ (688008.SH) +3.350 (+1.245%) added 1.2%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) +15.630 (+3.366%) advanced 3.4%. Memory chip stock GIGADEVICE (603986.SH) -3.030 (-0.436%) slipped 0.4%.
BOE A (000725.SZ) -0.520 (-5.714%) said it has established project teams for Micro LED optical interconnect systems and glass substrate-based CPO technology development to accelerate technological breakthroughs, but its share price still dropped 5.7% in the morning session.
With Unitree Robotics receiving registration approval for its IPO on the STAR Market of the Shanghai Stock Exchange, humanoid robot concept stocks performed strongly. LEADSHINE (002979.SZ) +6.320 (+9.995%) and JINGXING PAPER (002067.SZ) +0.380 (+9.948%) were among multiple stocks hitting the daily limit-up.
VANKE A (000002.SZ) +0.010 (+0.327%) rose 0.3% after the company signed an accounts receivable pledge agreement with Shenzhen Metro Group.
DHI's H shares were added to the Stock Connect eligible securities list, while DHI (002487.SZ) +1.150 (+2.104%) A shares rose 2.1%. (jl/da)(A Shares quote is delayed for at least 15 mins.)