Last week, the market fell in shock, and the three major indexes fell by more than 2%. In terms of ETF market, theme ETFs such as electricity, coal, livestock breeding and photovoltaic ranked first.
Power themed ETF led the rise
According to the statistics of Securities Times · Databao, the net value of 10 ETF rights recovery units rose by more than 2% last week, all of which were electricity themed; Cathay Pacific CSI coal ETF ranked 11th, up 1.98%; Four animal husbandry themed ETFs increased by 1% to 1.5%.
Recently, the power sector has seen frequent policy benefits. On May 24, the website of Shanghai Development and Reform Commission published the Implementation Opinions of Shanghai on Promoting Green Power Consumption and Accelerating Low Carbon Transformation of Energy, which mentioned that by 2025, the scale of green power trading will reach more than 5 billion kilowatt hours. On May 14, the National Development and Reform Commission issued the Basic Rules for the Operation of the Electric Power Market, which clearly stated that it was necessary to promote more marketization of electricity, capacity and ancillary service transactions, among which market members added new business entities such as energy storage enterprises, virtual power plants and load aggregators.
Deppon Securities said that the power system reform is expected to be further deepened. The new power system will be driven by digital information technology. With the continuous improvement of auxiliary service market, spot market, capacity market and other types of markets, the system construction will continue to accelerate. Power operators and power IT are expected to benefit first.
The aquaculture sector continued to rise, with the Shenwan aquaculture index rising 2.68% weekly. Everbright Securities It is believed that the current pig price has entered the upward channel, the upstream capacity has continued to shrink, and the price repression factors such as average weight and frozen product inventory have been released. It is expected that the slope of pig price rise from May to June will be considerable. With the influence of producer behavior on digestion and capacity gap realization, the upward trend of the cycle will be more clear, and the future cycle will have a considerable height and boom duration.
Against this background, last week's animal husbandry ETF was sought after. During this period, the net capital inflow of China Merchants Securities Animal Husbandry ETF and Penghua Securities Animal Husbandry ETF was 24.2767 million yuan and 32.2058 million yuan respectively; At the same time, as one of the raw materials of pig feed, soybean meal also gained favor. The ETF of Huaxia Feed Soybean Meal Futures rose 1.5%, with a net inflow of 190 million yuan.
Hong Kong stock innovative drugs and science and technology themes
ETF callback
Last week, the net value of 63 ETF rights recovery units fell by more than 5%, and Hong Kong stock innovative medicine, biotechnology, science and technology and other topics suffered a big setback. GF China Securities Hong Kong Innovative Medicine ETF, Huitian Fuguo Securities Hong Kong Stock Connect Innovative Medicine ETF, Yinhua Guozheng Hong Kong Stock Connect Innovative Medicine ETF and other funds' net values fell by more than 9%, ranking first; Fuguo Hang Seng Hong Kong Stock Connect Healthcare ETF, Penghua Zhongzheng Hong Kong Stock Connect Medicine and Health Comprehensive ETF and other medical and biological theme ETFs fell by more than 8%.
On May 24, the stock price of Kangfang Biology, the leading stock of innovative drugs in Hong Kong stock market, fell sharply by nearly 45% at one time, closing down 22.89%. On the news side, Kangfang's second-line biological anti-cancer drug AK112 (Evoximab) was widely spread in the market after its phase III clinical data was lower than expected. The company said that the Phase III clinic was still in progress and hoped that the market would be patient and wait for the end of the trial.
The Hang Seng Technology Index fell 7.61% last week. The net value of Hua'an Hang Seng Technology ETF, E Fund Hang Seng Technology ETF and Bosera Hang Seng Technology ETF all fell 7.63%. Deppon Securities suggested that we should continue to focus on Hang Seng Technology and AI related high-quality assets.
The share of 8 ETFs increased significantly
From the perspective of fund share changes, except for newly established funds, the increment of eight ETFs last week exceeded 500 million. Among them, E Fund's Shanghai Shenzhen 300 medical and health ETF, Penghua Shanghai Shenzhen 300 ETF and Huaxia Shanghai Stock Exchange 50 ETF share increased by 1.267 billion, 1.186 billion and 943 million, respectively. From the perspective of capital, Huaxia Shanghai Stock Exchange 50ETF and Penghua Shanghai Shenzhen 300ETF were the two ETFs with the highest net capital inflows last week, respectively 2.383 billion yuan and 864 million yuan.
By theme, the increase in share of theme funds such as medicine and health, photovoltaic, semiconductor, animation and game ranked first. However, only the photovoltaic theme ETF rose, and the ETF of Huatai Birui Zhongzheng Photovoltaic Industry and Tianhong Zhongzheng Photovoltaic Industry rose 1.09% and 1.08% respectively. The share of three A50 themed ETFs increased significantly, with 387 million, 284 million and 276 million respectively for Dacheng CSI A50ETF, E Fund China Securities A50ETF and Huatai Berry China Securities A50ETF.
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Editor in charge: Yang Hongyan
