ETF Review | All three major A-share indices rise, innovative pharmaceutical plate erupts, Hong Kong Stock Connect innovative pharmaceutical ETF surges over 5%, and Entrepreneurial Board AI ETF rises 4.28%
Glorious Times July 29th | All three major A-share indices rose, with the Shanghai Composite Index rising by 0.33%, the Shenzhen Component Index rising by 0.64%, and the Entrepreneurial Board Index rising by 1.86%. The Northbound 50 Index rose by 0.68%, with a total trading volume of RMB 18293 billion, up 632 billion compared to the previous day. More than 2200 stocks in both cities rose. In terms of themes, CRO, special steel concepts, and low-voltage plate sectors surged, while bank, insurance, and pork plate sectors adjusted.
In the ETF market, innovative pharmaceutical plate sectors erupted, with Hong Kong Stock Connect innovative pharmaceutical ETF surging over 5%, making it the top performer in the entire market. Innovative pharmaceutical ETFs from Hua An Fund and Tianhong Fund rose by 4.95% and 4.56% respectively. AI hardware sectors performed strongly, with funds such as Communication Equipment ETF and Entrepreneurial Board AI ETF rising by 4.4% and 4.28% respectively.
The 180 Governance ETF fell by 2.71%. European stocks declined, with German ETF and French CAC40 ETF falling by 2.36% and 2.16% respectively. The bank sector continued to weaken, with Bank AH Select ETF and Bank ETF Tianhong falling by 1.56% and 1.36% respectively.