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the consumer sector continues to rebound, and the major consumer etf (159672) hit the daily limit in early trading, rising sharply for three consecutive days.

2024-09-30

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in the early trading on september 30, a-share trading volume increased significantly, and the three major indexes strengthened again after opening higher and falling back. as of 11:10, more than 5,300 stocks had risen, led by software, securities, new energy and other sectors.

the consumer sector also performed well and has continued to rise in volume since last week. boosted by market conditions, the major consumer etf (159672) opened almost flat in early trading and then moved rapidly higher. after hitting the daily limit, it fell back. the overall increase remained above 4%, rising sharply for three consecutive trading days. among the constituent stocks, bethany, huaxi biotechnology, juewei food, luzhou laojiao, etc. led the gains; no stocks fell.

citic securities previously reported that the policy benefits exceeded market expectations, and (last week) consumption experienced a sharp rebound despite deep adjustments in previous valuations and low positions. looking forward to the market outlook, the post-consumption cycle has significant characteristics, and the expectation of economic recovery after the policy attitude is clear will actively promote the expectation of a rebound in the consumption boom. it is recommended to actively treat consumption recovery opportunities under the policy shift.

information shows that the csi major consumption index tracked by the major consumption etf (159672) covers many major consumption tracks, including food, beverages, wine, agricultural products and other consumer goods. in each segment, liquor ranks first. .

the latest price-to-earnings ratio (pe-ttm) of the index is only 23.87 times, which is at the 7.28% percentile in the past three years. that is, the valuation is lower than 92.72% in the past three years and is still at a historical low.

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