As of 15:00 on April 18, 2024, the CSI Semiconductor Industry Index was down 1.15 percent. Components were mixed, with Core Source Micro (688037) leading the rise of 3.74 per cent, Jacques Technology (002409) up 2.97 per cent, Wen Yi Technology (600520) up 2.86 per cent, Zhengfan Technology (688596) leading the decline of 4.10 per cent, Huafeng Measurement and Control (688200) down 3.40 per cent and Jinhaitong (603061) down 3.35 per cent.

in terms of on-market ETF, semiconductor equipment ETF(561980) fell 1.45 percent, with the latest offer of 0.885 yuan, with intraday turnover reaching 22.8514 million yuan and a turnover rate of 20.13.

Credit: Wind

institutional point of view, CITIC Securities believes that the overall investment thinking of the semiconductor sector in the second quarter of 2024 is "safety, recovery, innovation", security is the foundation, recovery is the trend, innovation to open up space. Overall, we are optimistic about the investment opportunities brought about by the semiconductor sector, driven by security and innovation, as well as the overall valuation repair of the industry. Overall, industry demand in the first quarter of 2024 is still showing a weak recovery in terminal demand, is expected in the second quarter of 2024 and the second half of 2024 with the terminal demand gradually open pull goods, is expected to drive the performance of related companies to improve quarter by quarter.

It is worth noting that the valuation of the CSI Semiconductor Industry Index tracked by the fund is at a historical low. The latest price-to-book ratio PB is 3.85 times, which is lower than the index's more than 90.77 in the past year. The valuation is cost-effective.

The Semiconductor Equipment ETF closely tracks the CSI Semiconductor Industry Index, which selects no more than 40 listed company securities from listed companies whose business involves semiconductor materials, equipment, applications and other related fields as an index sample to reflect the overall performance of the securities of listed companies in the semiconductor core industry.

Data show that as of March 29, 2024, the top ten heavyweights in China Securities Semiconductor Industry Index (931865) are North Huachuang (002371), SMIC (688012), SMIC (688981), Haiguang Information (688041), Weir (603501), Tuojing Technology (688072), Huahai Qingke (688120), Changchuan Technology (300604), Shanghai Silicon Industry (688126) and Xinyuan Micro (688037), the top ten weighted stocks together accounted for 76.39 per cent.

Semiconductor Equipment ETF(561980), OTC Connection (Class A: 020464; Class C: 020465).

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