As of 14:34, the CSI Digital Economy Thematic Index is strong today, now up 2.02%. The related ETF, Digital Economy ETF (159658), continued to rise higher in the afternoon, now up 2.03%, with a turnover of 49.66 million yuan, with a continuous expansion of trading volume and active market trading.
Image source: Wind
Among the index components, Zhuosheng Micro rose 10.22%, Jingjia Wei rose 10.17%, iFLYTEK rose 10.01%, Flush rose 9.54%, and individual stocks such as Kingsoft Office and Dahua followed suit.
Image source: Wind
On the news, on May 31, Jingjiawei (300474) announced that it intends to raise a total of 4.2 billion yuan from no more than 35 specific objects to invest in high-performance general-purpose GPU chip R&D and industrialization projects and the construction of general-purpose GPU advanced architecture R&D center.
According to the data, the CSI Digital Economy Thematic Index selects the securities of listed companies in the application fields involving digital economy infrastructure and high degree of digitalization from the Shanghai and Shenzhen markets as the index sample, so as to reflect the overall performance of the securities of listed companies with digital economy themes in the Shanghai and Shenzhen markets.
As of May 31, 2023, the top 10 weighted stocks of the index include Hikvision, Oriental Wealth, iFLYTEK, Huichuan Technology, NAURA and others, with the sum of the top 10 being 51.14%. (Data source: China Securities Index Company, index constituent stocks do not represent individual stock recommendations)
Image source: China Securities Index Company
Shenwan Strategy believes that the digital economy is expected to become the new darling of institutional positions in the future. According to the latest position simulation calculations, the TMT position of the public offering increased by 1.7 percentage points compared with 22Q4, but it is still around the historical 30% decile, and there is still considerable room for the limit of institutional positions, and there is no need to worry about congestion in the short term. The era of digital economy has arrived, and in the context of comprehensive emphasis on scientific and technological innovation, information technology, artificial intelligence, automation and other industries have stood at the beginning of a new cycle, and on the basis of the pressure on the fundamentals of the crowded track in the early stage, the digital economy as a new field is gradually increasing its attractiveness, and is expected to become the next new field with 20% of the public offering heavy position.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for the cloud.