Original Zhang Zhibo
Recently, the frequent policies in the power sector are good for catalysis, and the net ETF of a number of power themes has increased by more than 2%.
ETF, the theme of electric power and livestock breeding, led the rise.
This week (May 20-24), the market fluctuated downwards, with all three major indexes falling more than 2%, with the Prev losing its 3100-point mark. Most of the industry fell, only a few sectors such as coal mining, aquaculture, electricity and photovoltaic equipment rose.
ETF market (passive index, QDII), electricity, coal, animal husbandry, photovoltaic and other themes of ETF growth this week. According to data Bao of the Securities Times, the net value of 10 ETF reinstatement units has increased by more than 2%, all of which are the subject of electric power.JackpotpokerCathay Pacific CSC Coal ETF ranked 11th with an increase of 1.Jackpotpoker.98% Bing 4 livestock farming ETF rose 1% to 1.5% range.
Recently, there have been frequent policy benefits in the power sector. On May 24, the website of the Shanghai Municipal Development and Reform Commission published Shanghai's opinions on promoting green power consumption and speeding up energy low-carbon transformation, which mentioned that by 2025, the transaction volume of green power will reach more than 5 billion kilowatt-hours. On May 14, the National Development and Reform Commission issued the basic rules for the Operation of the electricity Market, making it clear that it is necessary to promote more market-oriented trading of electricity, capacity and auxiliary services. among them, new operators such as energy storage enterprises, virtual power plants and load aggregators are added to the market members.
Debang Securities said that the reform of the power system is expected to be further deepened. The new power system will be driven by digital information technology. With the continuous improvement of auxiliary service market, spot market, capacity market and other markets, the construction of the system will continue to accelerate. Power operators and power IT are expected to benefit first.
The aquaculture sector continued to rise, with the Shenwan aquaculture index rising 2.68% a week. Everbright Securities believes that the current pig prices have entered the upstream channel, the upstream production capacity continues to shrink, frozen goods inventory and other price suppression factors have been released, and pig prices are expected to rise in a considerable slope from May to June. With the impact of producer behavior on digestion and the realization of capacity gaps, the upward trend of the cycle will be clearer, and the future cycle will have a considerable height and economic duration.
In this context, animal husbandry ETF was sought after this week. The net capital inflows of China Merchants China Securities Animal Husbandry ETF and Penghua China Securities Animal Husbandry ETF were 24.2767 million yuan and 32.2058 million yuan respectively; at the same time, soybean meal, as one of the raw materials of pig feed, was also favored. Huaxia feed soybean meal futures ETF rose 1.5%, with a net capital inflow of 190 million yuan.
The innovative drugs and technology sectors of Hong Kong stocks fell sharply.
In terms of decline, the net value of 63 ETF reinstatement units fell more than 5%, Hong Kong stock innovative drugs, biotechnology, science and technology and other themes ETF suffered a sharp setback. Guangfa Hong Kong innovative drug ETF, Huitian rich country certificate Hong Kong stock through innovation new drug ETF, Yinhua national certificate Hong Kong stock through innovation new drug ETF led the decline, more than 9% Fuguo Hang Seng Hong Kong Stock Exchange Healthcare ETF, Penghua China Stock Exchange Hong Kong Stock Exchange Medicine and Health Comprehensive ETF and other medical and biological theme ETF fell by more than 8%.
On May 24, the share price of Kangfang, the leader of Hong Kong's innovative drugs, flashed, falling nearly 45% in intraday trading and closing down 22.89%. Leading plunge with the collapse of Hong Kong stocks to create new drug-related plates, a number of theme ETF net worth fell sharply. In terms of news, Kangfang's second-line biological anticancer drug AK112 (Ivacizumab) in the third phase of clinical data is not as expected rumors widely spread in the market. The company said that the third phase of the trial is still in progress and hopes that the market will be patient and wait for the trial to be completed.
The Hang Seng Technology Index has declined continuously this week, with a cumulative decline of 7.61%, and the net worth of several Hang Seng Technology-themed QDII funds has been revised back. Hua an Hang Seng Technology ETF, Yi Fang Da Hang Seng Technology ETF and Bosch Hang Seng Technology ETF all fell 7.63%. However, in the long run, the Hong Kong stock technology sector is still worthy of attention. Debang Securities recommends that it continue to focus on Hang Seng Technology and AI-related high-quality assets; Huaxi Securities has previously said that the rapid development of AI+ applications will continue to promote Hang Seng Technology performance.
The share of 8 ETF increased by more than 500 million copies.
From the perspective of fund share changes, excluding the newly established funds, 8 ETF increased by more than 500 million this week. Among them, Yi Fangda Shanghai and Shenzhen 300 medical and health ETF, Penghua Shanghai and Shenzhen 300ETF, Huaxia Shanghai Stock Exchange 50ETF were among the top growth, increasing by 1.267 billion, 1.186 billion and 943 million respectively. From a financial point of view, Huaxia Shanghai 50ETF and Penghua Shanghai and Shenzhen 300ETF are the two ETF with the highest net capital inflows this week, with 2.383 billion yuan and 864 million yuan respectively.
Sub-theme point of view, medical and health, photovoltaic, semiconductors, animation games and other theme fund share growth. However, only the photovoltaic theme ETF rose, with Huatai Berry's photovoltaic industry ETF and Tianhong's photovoltaic industry ETF up 1.09% and 1.08% respectively. The share of three A50 themed ETF funds increased significantly, with Dacheng CSC A50ETF, Yi Fangda CSC A50ETF and Huatai Barry CSI A50ETF increased by 387 million, 284 million and 276 million respectively.
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