ETF Midday Review | Lithium mining stocks surge, NEW En Car ETF and Star New energy Fund ETF rise 3%

Gelonghui, August 11 | The three major A-share indices collectively closed higher. By midday, the Shanghai Composite Index rose by 0.51%, the Shenzhen Component Index increased by 1.48%, and the ChiNext Index climbed by 1.99%. The Beijing Stock Exchange 50 Index also gained 1.34%. The half-day trading volume in the Shanghai, Shenzhen, and Beijing markets reached RMB 1.1496 trillion, up by RMB 56.3 billion from the previous day. Over 4,200 stocks across the market saw gains. In terms of sector performance, PEEK materials, energy metals, and CPO (co-packaged optics) stocks were among the top gainers, while the precious metals sector experienced a pullback. On the ETF front, lithium mining stocks surged, with the New Energy Vehicle ETFs from Bosera Fund, Fullgoal Fund's STAR Market New Energy ETF, and Huatai-PB Fund's New Energy Vehicle ETF all rising by 3%. The fintech sector resumed its upward momentum, with the Fintech ETFs from Huabao Fund, Bosera Fund, and ChinaAMC increasing by 3.13%, 2.96%, and 2.71%, respectively. The CPO sector continued to be active, with the AI ETFs for the ChiNext from Dacheng and Huabao climbing by 3% and 2.94%, respectively. Gold stocks faced a correction, with the Gold Stocks ETF, Gold Equity ETF, and Gold Equity ETF declining by 2.3%, 2.29%, and 2.27%, respectively. The innovative drug sector extended its downward trend, with the Hang Seng Innovative Pharmaceutical ETF and HK Innovation Drug Select ETF falling by 0.91% and 0.83%, respectively.