ETF Market Review | Low-priced upstream sectors saw a full recovery, with the Coal ETF, E Fund Materials ETF, and Infrastructure ETF falling by 8.25%, 7.91%, and 6.99% respectively.

Gelonghui, July 22 | The three major A-share Indices rose collectively today. By the close, the Shanghai Composite Index rose by 0.62%, the Shenzhen Component Index by 0.84%, the GEM Index by 0.61%, and the North证50 Index by 0.45%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1928.6 billion yuan, with an increase of 201.5 billion yuan compared to the previous day. Over 2,500 stocks in the All Market rose, marking the second consecutive day with over 100 stocks hitting the daily limit. In terms of Sector themes, Yashuam hydroelectric, Construction Machinery, coal, steel, pork, and liquor sectors had the largest increases; Zhibu AI, gaming, banking, and PCB concept stocks faced the steepest declines. In terms of ETFs, the Yashuam hydroelectric concept ignited low-priced upstream sectors, with the Guotai Funds Coal ETF rising by 8.25%, and the latest premium discount rate is 8.25%. The building materials Sector rose for the second consecutive day, with the E Fund and the Guotai Fund building materials ETFs rising 7.91%, 6.88%, and 6.76% respectively, and the latest premium discount rates are 4.46%, 3.66%, and 3.47%. The infrastructure Sector continued to rise, with the Yinhua Fund infrastructure ETF and Guotai Fund infrastructure ETF increasing by 6.99% and 6.44% respectively, with the latest premium discount rates being 3.38% and 3.08%. International oil prices fell slightly, with two S&P oil and gas ETFs dropping by 2.18% and 1.98%. The banking Sector corrected, with the Hwabao WP CSI Banks ETF dropping by 1.48%. The gaming Sector continued to decline, with the Huatai PineBridge gaming ETF and the gaming ETF dropping by 1.43% and 1.4%. The AI computing power Sector is trending down, with the Yun 50 ETF dropping by 1.41%.