ETF midday review | High dividend sector continues to weaken, HKEX-listed CSI Central State-Owned Enterprises Dividend Index ETF and Honglietf dropped more than 3%.

On September 9, Gelunhui | A-shares' three major indices collectively adjusted in the morning. As of midday, the Shanghai Composite Index fell by 0.92%, the Shenzhen Component Index fell by 0.74%, and the CHINEXT Price Index fell by 0.23%. The trading volume of the Shanghai and Shenzhen stock markets was 338.9 billion yuan, a decrease of 11.4 billion yuan from the previous day. Over 3000 stocks in both markets declined. In terms of the market, cell immunotherapy, private hospitals, and medical equipment sectors led the gains, while online car-hailing, precious metals, coal, and bank concepts led the declines. High-priced stocks collectively plunged, with Dazhong Transportation, Kunshan Kersen Science & Technology experiencing a daily limit-down situation, and Shenzhen Huaqiang Industry hitting the limit down. In terms of ETFs, the private hospitals and medical equipment sectors continued their recent upward trend, with the Taikang Fund Medical Services ETF and E Fund Medical 50ETF rising by 1.46% and 1.27% respectively. Yongyin Fund Medical Equipment ETF and China Merchants Fund Medical Equipment Index ETF both rose by 0.4%. Growth sectors led the declines, with the ChiNext 100ETF Enhanced and GEM 200ETF E Fund falling by 4.42% and 3.19% respectively. The Hong Kong dividend sector continued to pull back, with the HKEX State-owned Enterprises Dividend 50ETF and the Honglietf HKEX dividend ETF falling by 3.4% and 3.15% respectively. The energy sector with high dividend characteristics followed the weakness, with the Energy ETF and Energy ETF Fund both falling by 2.9%.