I. Securities Market Review
Data from the South Finance Financial Terminal shows that yesterday (October 14th, same below), the Shanghai Composite Index rose by 2.07% during the day, closing at 3,284.32 points, with a high of 3,294.62 points; the Shenzhen Component Index rose by 2.65% during the day, closing at 10,327.4 points, with a high of 10,361.69 points; the ChiNext Index rose by 2.6% during the day, closing at 2,155.4 points, with a high of 2,163.27 points.
II. ETF Market Performance
1. Overall Market Performance of Equity ETFs
The median return rate of equity ETFs yesterday was 2.15%. Among them, according to different classifications, the highest return rate in the scale index was the Easy Fund ChiNext Mid-Cap 200 ETF, at 5.77%; the highest return rate in the industry index was the Southern China Securities All-Share Computer ETF, at 6.39%; the highest return rate in the strategy index was the Dividend TK, at 3.14%; the highest return rate in the style index was the China Life Security Creation Selection 88 ETF, at 4.44%; and the highest return rate in the theme index was the Bosera Financial Technology ETF, at 6.73%.
Advertisement
2. Ranking of Equity ETF Price Changes
The top three ETFs with the highest price increase yesterday and their return rates were: Bosera Financial Technology ETF (6.73%), Huaxia China Securities Financial Technology Theme ETF (6.59%), and Huabao China Securities Financial Technology Theme ETF (6.53%). Details of the top 10 are shown in the table below:
The top three ETFs with the largest price decrease yesterday and their return rates were: Jing Shun Great Wall China Securities A500 ETF (-7.36%), Morgan China Securities A500 ETF (-7.32%), and China Merchants China Securities A500 ETF (-6.84%). Details of the top 10 are shown in the table below:3. Equity ETF Fund Flows
The top 3 equity ETFs with the highest fund inflows yesterday and their respective inflow amounts are: Huatai-Pine沪深300 ETF (inflow of 6.613 billion yuan), Yifangda沪深300 ETF Initiated (inflow of 4.882 billion yuan), and Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (inflow of 3.622 billion yuan). Details of the top 10 inflows can be seen in the table below:
The top 3 equity ETFs with the highest fund outflows yesterday and their respective outflow amounts are: Guotai Zhongzheng Securities Company ETF (outflow of 825 million yuan), Huabao Zhongzheng Securities Company ETF (outflow of 456 million yuan), and Sci-Tech 100 (outflow of 239 million yuan). Details of the top 10 outflows can be seen in the table below:
4. Equity ETF Margin Financing and Securities Lending Overview
The top 3 equity ETFs with the highest margin purchase amounts yesterday and their respective purchase amounts are: Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (1.63 billion yuan), Yifangda ChiNext ETF (1.446 billion yuan), and Huatai-Pine沪深300 ETF (1.076 billion yuan). Details of the top 10 margin purchases can be seen in the table below:
The top 3 equity ETFs with the highest margin sale amounts yesterday and their respective sale amounts are: Southern Zhongzheng 500 ETF (47.5851 million yuan), Huatai-Pine沪深300 ETF (39.5177 million yuan), and Southern Zhongzheng 1000 ETF (7.3593 million yuan). Details of the top 10 securities lending sales can be seen in the table below:
III. Institutional Views1. Guojin Securities: Debt restructuring has high priority, and AMC companies benefit the most directly
Guojin Securities stated that on October 12th, at the press conference held by the State Council Information Office, the Ministry of Finance announced a package of incremental policies, sending a somewhat positive signal. Among them, the priority of debt restructuring is high, and AMC companies (Asset Management Companies) benefit the most directly; the counter-cyclical adjustment of fiscal policy has been further strengthened, which helps to enhance confidence in economic stability, boost market risk appetite, and continue to favor the offensive attributes of strong beta securities brokers and the main line of securities mergers and acquisitions; in the short term, insurance logic is strong beta, with performance resonating with the market. In the medium to long term, it benefits from the alleviation of asset risks related to debt restructuring and the deepening of real estate policies, further alleviating concerns about the asset side of insurance companies.
2. Kaiyuan Securities: Positive policy signals, short-term adjustments in the non-bank sector bring a good opportunity for layout
Kaiyuan Securities believes that on October 12th, the fiscal policy statement was positive, with clear directions for stable growth, stable real estate, and stable stock market. Short-term adjustments in the non-bank sector bring better opportunities for layout. Looking at the third-quarter reports, it is expected that the elasticity of proprietary investment will react ahead of securities brokerage and 2C financial information services, with significant improvements in the performance growth of life insurance and traditional securities firms. It is optimistic about low-value leading securities firms, internet securities firms, and 2C financial information service providers, as well as targets along the merger and acquisition main line, and in insurance, it is optimistic about targets with outstanding TPL equity elasticity.