ETF Market Close | Shanghai Composite Index Stabilizes Above 4,000 Points, New Energy Sector Surges, Fuguo's ChiNext 50 ETF Rallies 12% in Late Trading

Gelonghui, October 29 | The SSE Composite Index closed up 0.7%, breaking above the 4,000-point mark and reaching a new high in the rebound; the ChiNext Index rose nearly 3%; the Beijing Stock Exchange 50 Index surged over 8%, marking its largest single-day gain in nine months. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 2,290.7 billion, an increase of RMB 125.4 billion compared to the previous day. More than 2,600 stocks across the market recorded gains. In terms of sector performance, new energy concept stocks surged, with energy storage-related shares leading a wave of limit-up trading; sectors including computing hardware, base metals, and securities firms posted notable gains, while banking, cinema chains, liquor, and Fujian-based stocks saw declines. In the ETF space, the ChiNext 50 ETF (managed by Fullgoal Fund) surged 12.29% in the closing minutes, with the latest premium rate standing at 8.63%. Photovoltaic stocks rallied sharply in the afternoon session, with Huitian Fund's Photovoltaic Leader ETF, Tianhong Fund's Photovoltaic ETF, and Yinhua Fund's Photovoltaic 50 ETF all rising over 8%. The lithium battery sector followed suit, with Huitian Fund’s Battery 50 ETF and Jia Shi's Battery ETF climbing 6.55% and 6.47%, respectively. Banking stocks declined significantly, with E Fund's Bank ETF, Bank ETF Index, and Tianhong Fund’s Bank ETF each falling 1.9%. Crude oil futures declined, with the SPDR S&P Oil & Gas ETF dropping 1%. Dividend strategy ETFs weakened, with the CSI High Dividend Low Volatility ETF falling 0.9%.