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Shanghai Composite Slips 0.3%; CAMBRICON (688256.SH) Jumps Over 6%; ZHONGJI INNOLIGHT (300308.SZ) Becomes Second GEM Stock to Top RMB1,000
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The People's Bank of China (PBOC) stated that it will continue to implement a moderately accommodative monetary policy and further improve the interest rate regulation framework. The RMB central parity against the USD was set at 6.8426, strengthened by 41 bps MoM. Today (12th), the PBOC conducted RMB500 million of seven-day reverse repo operations in the open market at an unchanged rate of 1.4%. With no reverse repos maturing, the single-day net injection amounted to RMB500 million. The three major A-share indices opened 0.1% to 0.5% higher before diverging. The Shanghai Composite Index closed down 10 points, or 0.3%, at 4,214, with turnover of RMB1.47 trillion. The Shenzhen Component Index fell 74 points, or 0.5%, to close at 15,824, with turnover of RMB1.78 trillion. The ChiNext Index rose 5 points, or 0.2%, to 3,934, with turnover of RMB838.293 billion. Mainland banking stocks were broadly steady. ICBC (601398.SH) rose 0.1%, while CCB (601939.SH) gained 0.3%. BYD Company (002594.SZ) fell 1.2%. CONTEMPORARY AMPEREX (300750.SZ) declined 3.3%. Among chip stocks, SMIC (688981.SH) and HUA HONG (688347.SH) slipped 0.4% and 2.3%, respectively. AI chipmaker CAMBRICON (688256.SH) surged 6.5% against the broader market trend. Domestic GPU makers METAX (688802.SH) and MOORE THREADS (688795.SH) fell 1.4% and edged up 0.02%, respectively. LQKJ (688008.SH) dropped 3.4%. Optical fibre producer YANGTZE OPTICAL FIBRE (601869.SH) climbed 2.8%. The second RMB1,000 stock on the ChiNext board was born as ZHONGJI INNOLIGHT (300308.SZ), a leading optical module manufacturer, hit an intraday high of RMB1,022.9 and closed at RMB1,017.99, up 8.3%. It is the second stock in ChiNext history and the tenth A-share in history to surpass the RMB1,000 mark. (jl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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