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1. Review of the Securities Market

According to data from Tonghuashun, yesterday (August 8), the Shanghai Composite Index had extremely low intraday volatility compared with the previous trading day's closing, closing at 2869.9 points, with a high of 2886.4 points; the Shenzhen Component Index fell 0.04% on the day, closing at 8446.21 points, with a high of 8514.67 points; the ChiNext Index fell 0.54% on the day, closing at 1611.51 points, with a high of 1628.66 points.

II. ETF Market Performance 1. Overall Market Performance of Stock ETFs

The median return rate of stock ETFs yesterday was 0.03%. According to different classifications, the Science and Technology Innovation 50 Enhanced ETF has the highest return rate of 0.65% in the scale index; the grain ETF has the highest return rate of 1.9% in the industry index; the quality ETF has the highest return rate of 0.66% in the strategy index; the Zhejiang Merchants River Phoenix ETF has the highest return rate of 1.43% in the style index; and the China Universal CSI Chinese Medicine ETF has the highest return rate of 1.59% in the theme index.

2. Stock ETF price increase and decrease ranking

The top three stock ETFs with the highest gains yesterday and their yields were:Grain ETF (1.9%), Tianhong CSI Food and Beverage ETF (1.66%), Huaxia Consumer ETF (1.61%)The top 10 stocks with the highest growth rates are listed in the table below:

The three ETFs with the largest declines yesterday and their yields were:Harvest CSI High-end Equipment Segment 50 ETF (-3.42%), Fuguo CSI Military Industry Leader ETF (-3.41%), National Defense ETF (-3.4%)The top 10 decliners are detailed in the table below:

3. ETF fund flows

The three ETFs with the largest inflows of equity ETFs yesterday and their inflow amounts were:Hua Xia SSE 50 ETF (inflow of 1.254 billion yuan), Huatai-PineBridge CSI 300 ETF (inflow of 1.103 billion yuan), E Fund CSI 300 ETF Launch (inflow of 341 million yuan)The top 10 funds inflow details are shown in the table below:

The three ETFs with the largest outflows of equity ETFs yesterday and their inflows were:Cathay CSI Defense Industry ETF (outflow of 162 million yuan), GF CSI Defense Industry ETF (outflow of 102 million yuan), Invesco Great Wall ChiNext 50 ETF (outflow of 93 million yuan)The top 10 funds outflow details are shown in the table below:

3. Institutional Views 1. Galaxy Securities: The food and beverage industry is entering a performance window period, and it is recommended to pay attention to high-quality targets

Galaxy Securities pointed out thatLiquor sector: The current industry prosperity is weak and the market risk appetite is low, but the fundamentals of the leading liquor companies are still in good condition. With the stabilization and recovery of Maotai wholesale prices, it is recommended to pay attention to high-quality targets. In the liquor sector, with the arrival of the consumption peak season in July and the catalysis of marketing events such as sports events, and the weakening of the high base effect in the previous period, it is expected that liquor companies will have a good performance in the peak season. In the mass food sector, on the one hand, as the window for the disclosure of mid-year performance is approaching, it is recommended to continue to give priority to the beverage, condiment, and snack sectors with strong performance resilience; on the other hand, as the country introduces policies to boost domestic consumption, it is expected to drive the macroeconomic cycle further upward, and it is recommended to pay attention to the catering supply chain and dairy products sectors with a safety margin in valuation.

2. Ping An Securities: Consumption recovery will show a rhythm of low at the beginning and high at the end, which is expected to boost market confidence

Ping An Securities said that with the continuous introduction of policies to promote consumption and the gradual recovery of residents' income and confidence, the consumption recovery will show a rhythm of low at the beginning and high at the end, which is expected to boost market confidence. Recommended attention: The frozen food, pre-prepared dishes, and frozen bakery industries have broad space and clear long-term logic. At the same time, the prosperity of the downstream catering industry is gradually improving; the cost pressure of wine continues to ease, and with the transmission of cost dividends, the profitability of the industry is expected to continue to improve, and the long-term high-end trend will continue.