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ETF Market Wrap | A-shares Drop on Lower Volume, S&P Consumer ETF Rises 2.53%
Gelonghui December 2nd | The three major A-share indices collectively fell today. At the close, the Shanghai Composite Index dropped 0.42% to 3897 points, the Shenzhen Component Index fell 0.68%, and the ChiNext Index declined 0.69%. The total market turnover reached RMB 1.61 trillion, decreasing by RMB 282.2 billion compared to the previous trading day, with over 3700 stocks falling. The lithium battery industry chain led the declines, while innovative drugs, GPUs, robotics, photovoltaics, AI applications, semiconductors, and new energy vehicle concept stocks also experienced significant losses. In contrast, cross-strait integration, pharmaceutical commerce, and consumer electronics sectors showed resilience. Regarding ETFs, robust Black Friday consumption data in the U.S. drove the Invesco Great Wall Fund S&P Consumer Discretionary ETF up by 2%.
ETF Midday Review | Hong Kong dividend stocks lead gains, with the Hong Kong Dividend Low Volatility ETF and Hong Kong Stock Connect Dividend Low Volatility ETF rising over 1%.
Gelonghui December 2nd | The three major A-share indices collectively fell during the morning session. As of the midday break, the Shanghai Composite Index dropped by 0.55%, the Shenzhen Component Index declined by 0.77%, and the ChiNext Index fell by 0.88%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets amounted to RMB 1.056 trillion, representing a decrease of RMB 180.7 billion compared to the previous day. Over 3,900 stocks in the entire market posted declines. In terms of sector performance, leading gains were seen in pharmaceutical commerce, Fujian-related stocks, Hainan Free Trade Zone, tourism and hospitality, AI mobile phones, real estate, and coal mining and processing sectors. Conversely, weakened performances were observed in lithium battery electrolyte, CRO (Contract Research Organizations), GPU (Graphics Processing Unit), rare earth permanent magnets, superhard materials, servers, robotics, and photolithography concept stocks. Regarding ETFs,
ETF Midday Review | Collective Rally in Hong Kong and Mainland Stocks, HK Stock Connect Non-Banking ETF and HK Stock Connect Technology 30 ETF Surge Over 3%
Gelonghui, October 21 | The three major indices of China's A-share market collectively rose in early trading, with the Shanghai Composite Index climbing 1.2% to surpass 3900 points and the ChiNext Index surging by 2.92%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets reached 1.1632 trillion yuan, representing a decrease of 7.7 billion yuan compared to the previous day. Over 4,500 individual stocks across the market were up. Technology stocks continued to rebound, with strong momentum seen in Apple's supply chain, memory chips, and Co-Packaged Optics (CPO) concepts, while the deep-earth economy concept began to gain traction. Real estate, brokerage, and ultra-hard materials sectors performed notably well; however, dividend assets moved against the trend, with coal and civil aviation sectors declining. In the ETF sector, financial stocks in Hong Kong, led by insurance, posted significant gains, with Guangfa Fund’s Hong Kong stock offerings.
The Hong Kong Stock Connect Dividend Low Volatility ETF, Hong Kong Stock Connect Central Enterprise Dividend 50 ETF, and Dividend Hong Kong Stock Connect ETF have risen, indicating that capital indeed favors low valuations in the fourth quarter.
During every round of market volatility, dividend and low-volatility assets always come to mind. ETFs such as the Hang Seng Dividend ETF (Guangfa), Hang Seng Dividend Low Volatility ETF, Hang Seng SOE Dividend ETF (Southern), Hang Seng Central Enterprise Dividend 50 ETF, Dividend Hong Kong Stock ETF, Hang Seng Dividend ETF (Fullgoal), and Hang Seng Dividend ETF all rose over 1%. Recently, a new round of trade negotiations between China and the U.S. has impacted market expectations and sentiment. The technology sector, which was the main driver of this uptrend, experienced a pullback, and the impressive gains from earlier may need short-term consolidation. Market risk appetite has declined somewhat, and there may be a relative rotation towards value and dividend-focused sectors. From the recent movements of southbound capital, high-dividend sectors have become relatively prominent.
ETF Market Wrap | AI Application Stocks Lead Declines, Gaming ETF and Huatai柏瑞 Gaming ETF Fall 4%
Gelonghui, September 26th | The three major indices of the A-share market collectively fell today. By the close, the Shanghai Composite Index dropped by 0.65%, the Shenzhen Component Index fell by 1.76%, and the ChiNext Index declined by 2.6%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 2.1661 trillion, a decrease of RMB 225.7 billion compared to the previous day. More than 3,400 stocks across the market ended lower. In terms of sector performance, leading gains were seen in wind power equipment, chemical fibers, agrochemical products, soybeans, textile manufacturing, and military equipment sectors; while significant declines were observed in gaming, computing hardware, lithography machines, and consumer electronics sectors. Regarding ETFs, the Bosera Fund All-Index Cash Flow ETF rose by 4.6%, with the latest premium/discount rate at 3.
Express News | CICC: The upward trend of the mid-term index has not yet ended.