ETF Mid-Day Review | Shanghai Composite Index Up 0.51%, Shenzhen Component Index Up 1.48%, and ChiNext Index Up 1.99%
Glorious Eight August 11th｜The three major A-share indices rose collectively, with the Shanghai Composite Index up 0.51%, the Shenzhen Component Index up 1.48%, the ChiNext Index up 1.99%, and the North Development Index up 1.34%. The combined trading volume of the three cities reached 11496 billion yuan, a 563-billion-yuan increase from the previous day. Over 4200 stocks rose across the market. In terms of sectors, PEEK materials, energy metals, and CPO all rose high, while precious metal sector corrected.
In the ETF market, lithium mining stocks rose strongly, with Xinhua New Energy Car ETF, Founder Science and Technology Innovation ETF, and China Everbright New Energy Vehicle ETF all rising by 3%. Financial technology sector returned to its aggressive stance, with Huarong Financial Technology ETF, Boshi Financial Technology ETF, and Zheshang Financial Technology ETF rising by 3.13%, 2.96%, and 2.71% respectively. CPO sector rebounded, with Entrepreneurship Board AI ETF, China Entrepreneurship Board AI ETF, and Founder Entrepreneurship Board AI ETF rising by 3%, 2.94%
Gold stocks retreated, with Gold Stock ETF, Gold Stocks ETF, and Gold Stocks ETF all falling by 2.3%, 2.29%, and 2.27% respectively. Innovative pharmaceutical sector continued to fall, with Hong Kong Pharmaceutical Innovation ETF and Shanghai Pharmaceutical Innovation ETF both falling by 0.91% and 0.83%