1. Review of the securities market
Flush data shows that on April 29, the Shanghai Composite Index rose 0.79% to close at 3,113.04 points, with a maximum of 3,119.69 points, the Shenzhen Component Index rose 2.22% to close at 9,673.76 points, with a maximum of 9,718.36 points, and the ChiNext Index rose 3.5% to close at 1,887.57 points, with a maximum of 1,904.92 points. Northbound funds decreased from 22.449 billion yuan in the previous trading day to 10.892 billion yuan.
2. ETF market performance
1. The overall market performance of equity ETFs
The median yield of equity ETFs yesterday was 1.94%. Among them, according to different classifications, the scale index China ChiNext 50 ETF has the highest yield of 3.87%, the industry index China AMC CSI All Index Real Estate ETF has the highest yield of 6.33%, the strategy index China Xia ChiNext Low Volatility Value ETF has the highest yield of 3.29%, the style index of GF SSE Science and Technology Innovation Board Growth ETF has the highest yield of 3.87%, and the theme index real estate ETF has the highest yield of 6.2%.
2. Equity ETFs are ranked by the rise and fall
The three ETFs with the highest gains in equity ETFs yesterday and their yields were: ChinaAMC CSI All-Index Real Estate ETF (6.33%), CSI All-Index Real Estate ETF (6.32%), and Huabao CSI 800 Real Estate ETF (6.22%). Details of the top 10 gainers are shown in the table below:
The three ETFs with the biggest declines in equity ETFs yesterday and their yields were: CUAM CSI Energy ETF (-1.81%), Gold Stock ETF (-1.75%), and ChinaAMC CSI CSI Shanghai-Shenzhen-Hong Kong Gold Industry ETF (-1.73%). Details of the top 10 decliners are shown in the table below:
3. Equity ETF fund flow
The three ETFs with the largest inflows of equity ETFs yesterday and their inflows were: Huatai Barry CSI 300 ETF (inflow of 4.484 billion yuan), CSI 500 ETF (inflow of 3.104 billion yuan), and ChinaAMC SSE Science and Technology Innovation Board 50 Component ETF (inflow of 2.281 billion yuan). Details of the top 10 inflows are shown in the table below:
The three ETFs with the largest outflows of equity ETFs yesterday and their inflows were: low dividend volatility (outflow of 829 million yuan), Huatai Barry SSE Dividend ETF (outflow of 238 million yuan), and Wells Fargo ChiNext ETF (outflow of 140 million yuan). Details of the top 10 outflows are shown in the table below:
3. Institutional perspectives
1. Everbright Securities: Core cities continue to increase support for house purchases, and the valuation of the risk mitigation sector can be expected to recover
Everbright Securities pointed out that on the whole, the fundamentals of the mainland economy in the first quarter were stable and improving, the recent real estate policies in core cities continued to be introduced, and Vanke's recent public clarification on credit risk-related matters has eased the credit risk of the real estate industry to a certain extent, and in the long run, the real estate market can be expected to stabilize and recover, and the long-term valuation of the real estate sector can be expected.
2. Guojin Securities: It is expected that more core cities are expected to introduce policies after May
Guojin Securities said that Chengdu introduced a series of measures to stabilize the real estate market, Shenzhen supports the "old for the new", the current policy coverage and support is better than in the past, and it is expected that more core cities are expected to introduce policies after May. It is the first central state-owned enterprise to focus on the layout and continue to cultivate first-tier and core second-tier cities, focus on improving products, and have experience and strength in urban village transformation.
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