ETF Review | A-shares Rally on Low Volume, Gold and Pharmaceuticals Lead Gains, Yongyinghuangjin Gold Stock ETF Rises Nearly 5%

Gelonghui March 24 | The three major A-share indices all rose today. By the close, the Shanghai Composite Index increased by 1.78%, the Shenzhen Component Index by 1.43%, the ChiNext Index by 0.5%, and the Beijing 50 Index by 1.94%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was 20.96 trillion yuan, down 3.52 trillion yuan from the previous day. Over 5,100 stocks across the three markets rose. Leading sectors included lithium mining, electricity, environmental protection, shipping, precious metals, pharmaceuticals and biotech, chemical fibers, consumer goods, and military industry. Themes such as computing hardware, AI applications, semiconductors, smart grids, and deep-sea technology were active. More than 5,100 stocks gained.

Today, the precious metals, pharmaceuticals and biotech, military, and consumer sectors all advanced across the board, forming a linkage with shipping and electricity themes. Over 5,100 stocks increased, and related ETFs saw significant gains:

Precious metals sector: Gold stock ETF Yongying (517520) surged 4.97%, leading the market and directly benefiting from the precious metals rally. Pharmaceuticals and biotech sector: Hong Kong innovation drug ETF Invesco (513780) rose 4.94%, Hang Seng Innovation Drug ETF Huatai-PineBridge (520500) up 4.84%, GF Hong Kong Innovation Drug ETF (513120) increased 4.81%, Yongying Hong Kong Medical ETF (159366) up 4.70%, Guotai Sci-Tech Innovation Drug ETF (589720) gained 4.68%, Hong Kong Stock Connect Innovation Drug ETF (159570) rose 4.61%, Huaxia Hang Seng Pharma ETF (159892) increased 4.57%. The entire pharma and biotech sector was active. Military sector: Ship ETF Wanguo (560710) rose 4.67%, benefiting from the overall strength of the military industry.

Consumer sector: Huatai-PineBridge Hong Kong Stock Connect Consumer ETF (159268) increased 4.65%, following the consumer sector rally.

Today, energy, chemical, broad-based indices, and new energy sectors experienced slight pullbacks, with related ETFs leading declines:

Energy and chemical sector: Energy and chemical ETF CCB (159981) fell 3.43%, leading the decline. Broad-based indices: MSCI China A-shares ETF Morgan (515770) down 3.36%, Sustainable Development ETF Bosera (515090) down 2.95%, China Low Volatility ETF Ping An (512390) decreased 1.24%, Shanghai Mid-Cap ETF E Fund (510130) down 1.12%. New energy and energy sectors: New energy ETF Shenwan Lingxin (159752) declined 1.07%, Energy ETF (159930) down 1.06%, Green Energy ETF (562010) decreased 1.05%, Energy ETF GF (159945) fell 0.96%, Photovoltaic Leader ETF GF (560980) declined 0.80%.