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The Shanghai Composite Index regained 2,900 points, A50ETF Fund (159592) was actively traded in the morning, Sinopec led the rise丨ETF Observation

2024-07-24

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The market bottomed out and rebounded in the early trading, with the three major indexes rising and falling. The Shanghai Composite Index once fell below 2,900 points during the sessionAs of midday close, the Shanghai Composite Index rose 0.1%, regaining the 2,900 point mark, the Shenzhen Component Index fell 0.35%, and the ChiNext Index fell 0.18%. The CSI A50 Index fell 0.14% as of the morning close.

In terms of ETFs,A50ETF Fund (159592) fell 0.31% as of midday close, with a turnover of over 190 million yuan and a turnover rate of 5.14%. Trading was active in the morningAmong the constituent stocks, Sinopec and AECC rose by more than 2%, while CRRC, China Construction, Yangtze Power, China Shenhua and CATL rose by more than 1%.


A50ETF Fund (159592) closely tracks the CSI A50 Index, which is a layout of core A-share assets., the 50 securities with the largest market capitalization are selected from the leading listed securities in various industries as index samples to reflect the overall performance of the most representative leading listed securities in various industries.

Dongguan Securities believesThe current market situation is still characterized by rotation and local market conditions. Considering that the central bank continues to inject large amounts of liquidity into the market through reverse repurchases, as well as the positive economic development policies recently announced, the overall economy will show a stable and positive trend.The short-term market volatility will not change the medium- and long-term upward trend.

(The opinions expressed in this article come from licensed securities institutions and do not constitute any investment advice, nor do they represent the opinions of the platform. Investors are requested to make independent judgments and decisions.)