The three major A-share indices of the Shanghai and Shenzhen markets rose by 0.6% to 2.8% in the first half of the day, with brokerage and innovative drug concept stocks gaining

AASTOCKS
2025.08.13 03:30

The People's Bank of China today (13th) conducted a 118.5 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 138.5 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 20 billion yuan. The central parity rate of the yuan against the US dollar was raised by 68 points to 7.1350.

The three major A-share indices opened high and rose further. The SSE Index closed at 3,686 points at noon, up 20 points or 0.6%, with a turnover of 533.3 billion yuan; the Shenzhen Index closed at 11,518 points, up 167 points or 1.5%, with a turnover of 779.9 billion yuan; the ChiNext Index closed at 2,476, up 67 points or 2.8%, with a turnover of 389.6 billion yuan.

Banking stocks underperformed the market, with China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) falling 0.4% and 0.3%, respectively. In addition, Contemporary Amperex Technology Co., Ltd. (300750.SZ) and BYD (002594.SZ) rose 2.9% and 1.7%, respectively.

Brokerage stocks rose, with Guosheng Finance (002670.SZ) hitting the daily limit. Eastmoney Information Co., Ltd. (300059.SZ) and Huaxin Securities (600621.SH) rose 2.3% and 1%, respectively.

Leading chip stocks performed well, with SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) rising 0.5% and 2.2%, respectively.

Lithium mining stocks were soft, with Ganfeng Lithium (002460.SZ) and Tianqi Lithium (002466.SZ) falling 0.7% and 1.2%, respectively. Ganfeng Lithium will integrate the PPGS lithium salt lake project to create an efficient lithium product production supply chain.

Innovative drug concept stocks rose, with Shouyao Holdings (688197.SH) and Haisco (002653.SZ) both hitting the daily limit. Changshan Pharmaceutical (300255.SZ) and Zhaoyan New Drug (603127.SH) rose 7.8% and 8.3%, respectively.

Kweichow Moutai (600519.SH) fell 0.9%, with a net profit of 45.403 billion yuan in the first half of the year, an annual increase of 8.89%.

Cambricon Technologies (688256.SH) fell 0.8%. The company stated that the information circulating online about the company placing a large order for carrier boards with a certain manufacturer is false

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