ETF Midday Review | A-Shares Decline Across the Board, Precious Metals Sector Leads Losses, Winbond Gold Stock ETF and Guotai Mining ETF Fall Over 4%

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Gelonghui March 19 | The three major A-share indices all declined in the early trading session. By midday, the Shanghai Composite Index fell 0.95%, the Shenzhen Component Index dropped 1.11%, the ChiNext Index decreased 0.11%, and the Beijing 50 Index declined 2.21%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 1,314.8 billion yuan, an increase of 65.3 billion yuan compared to the previous day. A total of 4,700 stocks in the market declined. The sectors with the largest declines were non-ferrous metals, rare earths, lithium mining, and petrochemicals, while hardware for computing power, oil and gas, and coal stocks performed countertrend and strengthened.

Today, oil and gas, energy chemicals, and coal sectors performed countertrend and strengthened, with related ETFs leading the gains:

Oil and gas sector: S&P Oil & Gas ETF (513350) surged 3.78%, leading the market. Energy chemicals sector: China Securities Energy Chemical ETF (159981) increased by 2.69%. Coal and energy sectors: Guotai Coal ETF (515220) rose 1.76%, GF Energy ETF (159945) increased 1.74%, and Energy ETF (159930) rose 1.54%. Power and technology sectors: Jiashi Green Power ETF (159625) up 0.82%, Huabao Artificial Intelligence ETF (159363) up 0.82%, Communication Equipment ETF (159583) up 0.81%, E Fund Telecom ETF (563010) up 0.60%, Power ETF (159611) up 0.52%.

Today, the non-ferrous metals, precious metals, and mining sectors experienced deep corrections, with significant declines in related ETFs: Precious metals sector: Yongying Gold ETF (517520) fell 4.93%, leading the market. Non-ferrous metals and mining sectors: Guotai Mining ETF (561330) down 4.63%, Non-ferrous Metals ETF (512400) down 4.63%, Wanjia Industrial Non-ferrous ETF (560860) down 4.60%, Non-ferrous Metals ETF Fund (516650) down 4.59%, Huabao Non-ferrous ETF (159876) down 4.57%, Penghua Non-ferrous ETF (159880) down 4.31%. Materials and rare metals sectors: Materials ETF (159944) declined 4.07%, Jiashi Rare Metals ETF (562800) down 4.05%, Jiashi Rare Earth ETF (516150) down 3.48%.

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