ETF Midday Review | A-shares Reclaim 4,000 Points, New Energy Sector Leads Gains, with Photovoltaic ETF and Power Grid Equipment ETF Up 4%

Gelonghui, October 29 | The three major A-share indices collectively rose in the morning session. As of midday, the Shanghai Composite Index gained 0.37% to surpass the 4,000-point mark, the Shenzhen Component Index rose 0.9%, the ChiNext Index climbed 1.35%, and the Beijing Stock Exchange 50 Index increased by 0.29%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 1.4342 trillion in the morning session, an increase of RMB 74.7 billion compared to the previous day. Over 2,000 stocks across the market posted gains. In terms of sector performance, photovoltaic (PV), lithium battery, and ultra-high voltage (UHV) supply chains were active, while brokerage shares saw intraday rallies. Sectors such as non-ferrous metals, quantum technology, batteries, and gaming led the gains; conversely, banking, baijiu (Chinese liquor), and semiconductor themes weakened. Regarding ETFs, the Southern Asset Management Asia-Pacific Select ETF surged 4.2%, with its latest premium rate at 4.78%. The PV sector led the market higher, with the Tianhong Fund Photovoltaic ETF and Huatai柏瑞 Fund Photovoltaic ETF rising 4.18% and 3.97%, respectively. The UHV supply chain remained vibrant, with the China AMC Grid Equipment ETF climbing 4%. Japanese stocks continued their upward trend, gaining 2%; ICBC Credit Suisse Nikkei ETF rose 3.74%, with its latest premium rate at 7.52%. The non-ferrous metals sector rebounded, with the China Merchants Fund Mining ETF and Guotai Fund Non-Ferrous Metals 60 ETF both increasing over 3%. The semiconductor sector initially surged but later retreated, with the STAR Semiconductor Equipment ETF and STAR Semiconductor ETF both falling 1.6%. Banking stocks declined, with the E Fund Bank ETF and the Bank ETF both dropping 1.4%.