Bank of China Shares Hit Record High at RMB 6.17, Up 0.65%
Bank of China's A-shares hit an intraday record high on August 25, rising 0.65% to RMB 6.17 by 10:32, with turnover of 87.96 million shares worth RMB 540 million and a turnover rate of 0.04%. The bank's total A-share market value reached RMB 1.472 trillion, with float market value at RMB 1.300 trillion. The banking sector rose 0.19%, with nine gainers led by Lanzhou Bank, Bank of China, and Agricultural Bank. Margin balance stood at RMB 999 million as of August 24, down 10.19% over 10 days. Q1 revenue rose 8.44% to RMB 178.846 billion, net profit up 4.17% to RMB 56.631 billion.
Bank of China's shares hit an intraday record high during trading. As of 10:32, the stock was up 0.65% at RMB 6.17, with volume of 87.9579 million shares and turnover of RMB 540 million, representing a turnover rate of 0.04%. The bank's latest total A-share market value reached RMB 1.472101 trillion, with A-share float market value at RMB 1.300423 trillion.
The banking sector as a whole rose 0.19%, with nine stocks in the industry advancing. The top gainers were Lanzhou Bank, Bank of China, and Agricultural Bank of China, rising 0.94%, 0.65%, and 0.58%, respectively. Twenty-seven stocks declined, with the biggest losers being Bank of Guiyang, Chongqing Rural Commercial Bank, and Bank of Qingdao, falling 5.87%, 1.42%, and 1.33%, respectively.
Margin trading data showed that as of August 24, the stock's margin balance stood at RMB 999 million, of which financing balance was RMB 956 million, down RMB 108 million over the past 10 days, a decrease of 10.19%.
The company's first-quarter report showed that in Q1, it achieved operating revenue of RMB 178.846 billion, up 8.44% year-on-year, and net profit of RMB 56.631 billion, up 4.17% year-on-year. Basic earnings per share were RMB 0.1800, and the weighted average return on equity was 2.12%.