CITIC Bank Shares Hit Record High, Up 1.43% to RMB8.51, Market Cap RMB346.893 Billion
CITIC Bank's A-shares hit a record high, rising 1.43% to RMB8.51, with total and float market capitalization both at RMB346.893 billion. The banking sector gained 0.92%, with 41 stocks advancing. The stock's margin financing and securities lending balance fell 9.36% over 10 days to RMB232 million. In the first quarter, revenue grew 5.23% to RMB54.649 billion, net profit rose 3.02% to RMB20.098 billion, and basic EPS was RMB0.36 with weighted ROE of 2.78%.
CITIC Bank's shares hit a record high during trading. As of 9:48, the stock was up 1.43% at RMB8.51, with volume of 18.1378 million shares and turnover of RMB153 million, representing a turnover rate of 0.04%. The stock's latest A-share total market capitalization and float market capitalization both stood at RMB346.893 billion.
The banking sector rose 0.92% overall, with 41 stocks advancing. Leading gainers included Chongqing Rural Commercial Bank, Xiamen Bank, and CITIC Bank, with gains of 2.20%, 1.66%, and 1.43%, respectively. One stock declined: Bank of Qingdao, down 0.17%. Margin financing and securities lending data showed the stock's latest balance at RMB232 million, of which margin financing balance was RMB224 million, down RMB23.1404 million over the past 10 days, a sequential decline of 9.36%.
The company's first-quarter report showed revenue of RMB54.649 billion, up 5.23% year on year; net profit of RMB20.098 billion, up 3.02%; basic earnings per share of RMB0.36; and weighted average return on equity of 2.78%.