On October 23, the A-share market saw a bottoming out and subsequent rebound throughout the day, with major indices strengthening in the afternoon. By the close of trading, the Shanghai Composite Index stood at 3,690.48 points, up 0.89%; the Shenzhen Component Index rose by 2.79%, the ChiNext Index increased by 4.16%, and the Science and Technology Innovation Composite Index gained 3.68%. The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 197.28 billion yuan, an increase of 431 billion yuan compared to the previous trading day.

On the market, over 4,500 individual stocks rose across the board. The concept of humanoid robots erupted again, with Yushu Technology and Liad reaching a 20% limit up, while Fulei New Materials, Zhaowei Electromechanical, and several other stocks also hit their daily limit ups; the large consumer sector performed actively, with retail stocks leading the gains, with Shanghai Jiubai and BaiDa Group both hitting their daily limit ups; the fintech concept saw fluctuating gains, with Hualin Securities and Dazhihui reaching their daily limit ups. Tech heavyweight stocks collectively pulled upward in the afternoon, with Changxin Technology, Zhongji Xuchuang, Cambricon, and others among those with the highest increases.

Multiple broad-based ETF funds saw explosive trading volumes today. Among them, the trading volumes of E Fund's GEM ETF, Huatai-PineBridge's CSI 300 ETF, and Huaxia's Sci-Tech 50 ETF all exceeded 15 billion yuan.

Further analysis reveals that on the GEM board, the trading volume of E Fund ETF reached 19.7 billion yuan, which is the third-highest trading volume in its history since its listing, second only to the volumes on October 8th and October 9th, 2024. Additionally, the trading volumes of Huatai-PineBridge CSI 300 ETF and Huaxia Sci-Tech 50 ETF also exceeded yesterday's total trading volume.

In addition to the aforementioned ETF, several other broad-based ETF products also saw a significant increase in trading volume compared to the previous trading day. Specifically, on October 23, the CSI 300 ETF Huaxia traded 6.459 billion yuan, while on October 22 it traded 4.054 billion yuan. Today, the CSI 300 ETF E Fund traded 5.953 billion yuan, and on October 22 it traded 1.08 billion yuan.

Judging from the trading rhythm of ETF, many broad-based indices ETF saw a significant increase in trading volume in the morning, which continued to grow in the afternoon, leading to a rapid rise. Taking the GEM index ETF managed by E Fund as an example, the total trading volume for the day was 19.7 billion yuan, with 9.6 billion yuan traded in the morning and another 4.3 billion yuan traded within half an hour after the market opened in the afternoon. This index ETF once fell by more than 3% in the morning but ultimately closed up 4.24%.

Judging from the increase of ETF, the robot-themed ETF led the gains. Among them, the robot ETF of Boshi rose by 9.8%. Due to the rapid influx of funds, the premium rate of this ETF exceeded 2%. In addition, the robots ETF of Dacheng, ETF of E Fund, and ETF of GF also had increases of over 8%.

The software sector also performed quite impressively. Industrial software ETF Boshi, GEM board software ETF Fuguo, and industrial software ETF GF Fund all saw increases of over 7%.

In addition, due to its smaller scale, the GEM new energy ETF stock saw a rapid increase at the end of trading, with a premium rate exceeding 5%.

Source: Shanghai Securities News