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Shanghai Composite Gains 8 pts for Day as YUSHU TECHNOLOGY (688836.SH) Rises Over 5%, APPTEC (603259.SH) Slumps Over 6%
2026-10-16 15:34:31 The central parity rate of RMB against the USD was set at 6.7220, up 33 bps from the previous day. The PBOC conducted RMB60 billion of seven-day reverse repo operations today (16th), with the interest rate unchanged at 1.4%. Separately, RMB2 billion of reverse repos matured, resulting in a net injection of RMB58 billion for the day. The three major A-share indices opened 0.4% to 1.8% higher before fluctuating upward, though gains weakened in the afternoon session and performance diverged. The Shanghai Composite Index closed up 8 pts, or 0.24%, at 3,716, with turnover of RMB732.475 billion. The Shenzhen Component Index fell 14 pts, or 0.12%, to close at 11,802, with turnover of RMB822.939 billion. The ChiNext Index dropped 10 pts, or 0.39%, to close at 2,772, with turnover of RMB394.226 billion. Among major mainland banking stocks, ICBC (601398.SH) fell 0.2%, CCB (601939.SH) was flat, AGRICULTURAL BANK (601288.SH) dropped 0.3%, CMB (600036.SH) declined 0.5%, and BANK OF CHINA (601988.SH) slid 1.8%. Among insurers, CHINA LIFE (601628.SH) fell 0.2%, PING AN OF CHINA (601318.SH) rose 0.2%, and THE PEOPLE'S INSURANCE (601319.SH) gained 0.4%. In addition, BYD Company (002594.SZ) rose 0.6%, while CONTEMPORARY AMPEREX (300750.SZ) fell 0.5%. Chip stocks were mixed, with HUA HONG GRACE (688347.SH) falling 2.7% and SMIC (688981.SH) declining 1.7%. AI chip stock CAMBRICON (688256.SH) rose nearly 2%. Domestic GPU stocks METAX (688802.SH) climbed 3.2% and MOORE THREADS (688795.SH) gained 1.8%. LQKJ (688008.SH) advanced 3.8%. Memory chip stock GIGADEVICE (603986.SH) rose 1.3%. LONGSYS (301308.SZ) fell nearly 1%, despite forecasting its net profit for the first three quarters to surge by between 18.6x and 19.9x. SEMIGHT INSTRUMENTS (688808.SH) dropped 5.2%, while CXMT (688825.SH) gained 3.3%. Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) rose nearly 2%, EOPTOLINK (300502.SZ) gained 0.3%, while TFC (300394.SZ) fell 4.7%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) slipped 0.5%. YUSHU TECHNOLOGY (688836.SH) climbed 5.4%. PCB stocks were mixed. SUNTAK TECHNOLOGY (002815.SZ) rose nearly 1%, SOLARTRON TECHNOLOGY (688299.SH) gained 1.3%, KINWONG ELECTRONIC (603228.SH) edged up 0.3%, and HAN'S LASER (002008.SZ) added 0.8%, while DONGSHAN PRECISION (002384.SZ) fell 1.2%. CHAMPION ASIA (603386.SH) reversed course to slump 7.9%, VICTORY GIANT TECHNOLOGY (300476.SZ) fell 2.2%, and WUS CIRCUIT (002463.SZ) declined 2.4%. CCL stocks were generally weak, with NANYA NEW MATERIAL (688519.SH) dropping 4%, CJS (600176.SH) falling 0.3%, and SYTECH (600183.SH) closing nearly flat. Three Chinese government departments including the Ministry of Industry and Information Technology formed a joint investigation team to probe the fractured brake pedal bracket issue in the Maextro V800 vehicle, sending JIANGHUAI AUTO (600418.SH) limit-up. APPTEC (603259.SH) plunged in late trading and closed down 6.6% for the day. (jl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese 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. | |