The market opened on a high note today, with all three major indexes reaching new highs for the year. The GEM index led the gains, while flying car concept stocks surged, consumer electronics concept stocks strengthened, and AI concept stocks were active. However, coal stocks saw a decrease in value.
In a positive development, 8 ETFs tracking the CSI A50 Index were listed on the market today, all of which achieved gains on their first day. The total transaction volume of these 10 ETFs exceeded 6 billion yuan, indicating a strong investor interest in tracking the CSI A50 Index.
Automobile ETFs and new materials ETFs saw a significant rise of more than 4%, while Hong Kong stock Internet, battery, and other ETFs also rose by more than 3%. Some organizations believe that the recently issued “Action Plan for Promoting Large-Scale Equipment Updates and Trade-In of Consumer Goods” will drive economic growth, particularly in the new energy vehicle sector.
On the downside, the coal ETF and gold stock ETF saw a decrease of more than 1%. Overall, more than 4,500 stocks rose in the market, indicating a generally positive sentiment among investors.
(Source: Daily Economic News)