ETF Market Close | Rare Metals Sector Rallies in the Afternoon; Rare Metals ETF, Rare Metals ETF Fund Rise by 2%

Gelonghui, October 30 | The three major A-share indices collectively fell today. As of the market close, the Shanghai Composite Index dropped by 0.73%, the Shenzhen Component Index declined by 1.16%, the ChiNext Index fell by 1.84%, and the Beijing Stock 50 Index slid by 1.3%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 2.4643 trillion, an increase of RMB 173.6 billion compared to the previous day. A total of 4,100 stocks in the entire market recorded declines. In terms of sector performance, notable gains were seen in energy metals, steel, quantum technology, batteries, wind power equipment, port shipping, and phosphorus chemical sectors. Conversely, significant declines were observed in CPO (Co-Packaged Optics), PET copper foil, coal mining and processing, gaming, lithography machines, and securities sectors. In the ETF space, the rare metals sector saw a broad afternoon rally, with Guangfa Fund’s Rare Metals ETF, ICBC Credit Suisse Fund’s Rare Metals ETF, and HuaFu Fund’s Rare Metals ETF all rising over 2%. The energy sector strengthened, with China Asset Management's Oil & Gas Resources ETF climbing 1.96%. The non-ferrous metals sector rebounded, as Penghua Fund’s Non-Ferrous Metals ETF and Southern Fund’s Non-Ferrous Metals ETF both rose by 1%. The ChiNext 50 ETF managed by Fubon Fund experienced an unusual late-session surge yesterday but closed down 9.67%. Hong Kong-listed innovative pharmaceuticals extended their declines in the afternoon, with CSOP’s Hong Kong Innovative Pharmaceuticals ETF and Hang Seng Innovative Pharmaceuticals ETF falling by 4.3% and 3.5%, respectively. The CPO sector led the downturn, with China Southern Fund’s ChiNext Artificial Intelligence ETF and Communication Equipment ETF dropping by 3.65% and 3.5%, respectively.