news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Stock indexes fluctuated this week, with net inflows of more than 30 billion yuan in total for equity ETFs and cross-border ETFs in Shanghai and Shenzhen.

From the perspective of industry themes, chip and pharmaceutical-related ETFs are favored by funds, while securities-related ETFs are sold off by funds.

ETFs saw a net inflow of more than 30 billion yuan this week

This week, the Shanghai and Shenzhen stock markets traded 3.6 trillion yuan, of which the Shanghai market traded 1.62 trillion yuan and the Shenzhen market traded 1.98 trillion yuan. As of the latest closing, the Shanghai Composite Index closed at 2905.34 points, up 0.5% for the week, and the Shenzhen Component Index closed at 8553.55 points, down 0.51% for the week.

Performance of major index-related ETFs this week

This week, the market stock indexes rose and fell. Among the five major index ETFs, the CSI 500 ETF and the Science and Technology Innovation 50 ETF rose by more than 1%, while the ChiNext ETF fell by more than 1%.

In terms of capital flows, the shares of CSI 300 ETF, SSE 50 ETF, ChiNext ETF and CSI 500 ETF increased by 2.109 billion, 1.49 billion, 1.155 billion and 445 million shares respectively, while the shares of Sci-Tech Innovation 50 ETF decreased by 189 million shares.

The above five index ETFs had a total net inflow of approximately 14.8 billion yuan this week, of which the CSI 300 ETF had a net inflow of 7.282 billion yuan.

Overall, stock indices rose and fell this week, with net inflows of more than 30 billion yuan in equity ETFs and cross-border ETFs in Shanghai and Shenzhen.

Regarding the recent market, some securities firms said that after the A-share market went through a phase of adjustment, its valuation advantage became more obvious. At the same time, the disturbance factors facing the market have been resolved, and the impact on investor sentiment has subsided. In addition, policies to stabilize the expected economic growth target in the second half of the year have been intensively introduced, and the policy intensity has also been significantly increased, which has boosted market confidence and played a key role in stabilizing the market. Therefore, it is expected that the market risk appetite in August will be stronger than in July, and the market may usher in a turnaround.

Chips are sought after by funds, while securities are sold off

In terms of industry-themed ETFs, there were 13 funds whose shares increased by more than 100 million shares this week. Among them, the science and technology chip ETF, semiconductor ETF and chip ETF increased by 639 million shares, 466 million shares and 340 million shares respectively, with net inflows of 640 million yuan, 336 million yuan and 176 million yuan.

In terms of capital outflow, 11 industry-themed ETFs saw their shares decrease by more than 100 million shares this week. Securities ETF (512880), brokerage ETF and securities ETF (159841) saw their shares decrease by 1.093 billion shares, 745 million shares and 311 million shares respectively, with net outflows of 904 million yuan, 590 million yuan and 207 million yuan.

Chip semiconductor concept stocks performed strongly this week, with the Science and Technology Innovation Chip ETF's shares rising to 7.558 billion this week, a record high.

Secondary market price and share changes of Science and Technology Innovation Chip ETF (588200)

A brokerage firm said that data center AI chips and accelerators will continue to dominate the global semiconductor market, with shipments growing at a compound annual growth rate of 33% to 33 million units per year from 2023 to 2029. AI is driving demand for computing power, and the related industry chain is expected to continue to benefit.

Many Hong Kong stock ETFs hit a 60-day low this week

This week, there were 19 stock ETFs and cross-border ETFs with a trading volume of over 4 billion yuan, of which 3 ETFs had a weekly trading volume of over 10 billion yuan.

Looking at individual ETFs, the weekly trading volume of the CSI 300 ETF was nearly 20 billion yuan, while the weekly trading volume of the SSE 50 ETF and the Hang Seng Technology Index ETF exceeded 10 billion yuan.

It is worth noting that many Hong Kong stock-related ETFs hit a new 60-day low this week.

In the view of securities firms, the market expects the Fed to start the process of interest rate cuts in September, which will benefit the denominator of the Hong Kong stock market, as global liquidity and financial conditions are loosened, external constraints are weakened, and domestic policy space will be further opened up. In terms of industry allocation, the Hang Seng Technology Index and high-quality Internet leaders are recommended first, and stable high-dividend mid-term bottom positions are preferred.

Three ETFs to be launched next week

The stocks that funds hold heavily have always been a hot topic for investors, but there is usually a certain lag in the revelation of the stocks that actively managed funds hold heavily, while the targets of ETF layout are very clear. By tracking newly listed ETFs, you can usually discover recent hot stocks, and the incremental funds brought by newly listed ETFs are also worthy of attention.

Currently, there is one ETF that has been announced to be listed next week, tracking the semiconductor materials and equipment theme.

Currently, three ETFs have been announced to be issued next week, tracking the Hong Kong Stock Connect High Dividend, Power Grid Equipment Theme and Central Enterprises Science and Technology Innovation Index. In addition, another ETF will be issued on August 16, tracking the CSI 300.

Investment is risky, independent judgment is important

This article is for reference only and does not constitute a basis for buying or selling. You should bear the risks of entering the market at your own risk.

Ye Feng, editor of Every Economic Review

Cover image source: Photo by Liu Siqi of Daily Economic News (file photo)

Welcome to forward, share and like to support