ETF afternoon review | The YaJiang Hydropower Station Concept continues to be popular, Star New Energy ETF and Star New Energy Fund have risen over 3%.

On July 22, Gelonghui reported that the three major A-share indices rose collectively in the morning. By lunchtime, the Shanghai Composite Index was up 0.25%, the Shenzhen Component Index rose 0.56%, the GEM Index increased by 0.69%, and the Beizheng 50 Index gained 0.73%. The combined trading volume for the Shanghai, Shenzhen, and Beijing markets reached 1158.9 billion yuan, an increase of 56.3 billion yuan from the previous day. More than 2400 individual stocks rose across the All Market. In terms of sectors and themes, Hydropower, Construction Machinery, Precious Metals, Solid State Battery, and Military Equipment sectors saw the highest gains; meanwhile, Banks, Zhipu AI, Papermaking Packaging, and Gaming sectors recorded the largest declines. In terms of ETFs, the concept of Hydropower in the Yajiang area continued to be in high demand, while the Photovoltaic and Lithium Mining sectors strengthened together. The New Energy ETFs from Fuquan Funds and Penghua Funds in the Star market increased by 3.46% and 3.1%, respectively. The Building Materials and Infrastructure sectors continued their momentum from yesterday, with the E Fund Building Materials ETF, GF Securities Infrastructure 50 ETF, and Guotai Junan Building Materials ETF rising by 2.97%, 2.82%, and 2.76%, respectively. The Innovative Drugs sector maintained its upward trend, with the Huatai-PB Hang Seng Innovative Drugs ETF increasing by 2.69%. The Photovoltaic sector rebounded, with the E Fund Photovoltaic ETF rising by 2.31% and the Ping An Fund Photovoltaic ETF increasing by 2.17%. Oil prices slightly declined, with two S&P Oil and Gas ETFs dropping by 2%. Bank stocks experienced a significant pullback, with the Hwabao WP CSI Banks ETF, Bank A Preferred ETF, and Banking ETF Index Fund falling by 1.48%, 1.35%, and 1.34%, respectively. The Gaming sector continued to weaken, with the Huatai-PB Gaming ETF and Gaming ETF declining by 1.28% and 1.25%, respectively.