On August 28, 2024, the three major A-share indices collectively opened lower; As of 10:14, the SSE STAR Market 50 Component Index (000688) fell 0.61%. In terms of constituent stocks, Daqo Energy (688303) led the gains, Sany Renewable Energy (688349) and Guobo Electronics (688375) followed suit; Transsion Holdings (688036) led the decline, while Loongson Zhongke (688047) and Zhongfu Shenying (688295) followed. The leading 50 ETF (588060) was revised downward, and the intraday turnover has reached 27.2538 million yuan.

Source: Wind

In terms of scale, the scale of the leading 50 ETF has increased by 97.6786 million yuan in the past two weeks, achieving significant growth. In terms of shares, the latest share of the leading 50 ETF reached 10.087 billion shares, a new high since its establishment.

From the perspective of net inflow of funds, the leading 50 ETF has received continuous net inflows in the past 17 days, with the highest net inflow of 155 million yuan in a single day, with a total of 850 million yuan.

The data shows that leveraged funds continue to be deployed. Since the beginning of this month, the leading 50 ETF has raised a net purchase of 2.9294 million yuan, and the latest financing balance has reached 262 million yuan.

It is worth noting that the valuation of the SSE Science and Technology Innovation Board 50 Component Index tracked by the fund is at a historical low, with the latest price-to-book ratio of 3.02 times, which is lower than the index of more than 99.63% in the past 1 year, and the valuation is cost-effective.

The STAR 50 ETF closely tracks the SSE STAR Market 50 Component Index, which is composed of 50 securities with large market capitalization and good liquidity in the Shanghai Stock Exchange's STAR Market, reflecting the overall performance of the most representative group of science and technology enterprises in the market.

According to the data, as of July 31, 2024, the top 10 weighted stocks of the SSE Science and Technology Innovation Board 50 Component Index (000688) are SMIC (688981), Haiguang Information (688041), AMEC (688012), Cambrian (688256), Montage Technology (688008), Kingsoft Office (688111), United Imaging Healthcare (688271), Transsion Holdings (688036), JinkoSolar (688223), Roborock (688169), the top ten weighted stocks accounted for 53.65% of the total.

As the disclosure of the 2024 semi-annual report enters the peak period, the results of the first half of the science and technology innovation board with "hard technology" as the background have been announced. Wind data shows that as of August 25, a total of 232 companies on the Science and Technology Innovation Board have disclosed semi-annual reports, of which 170 have achieved profitability, accounting for more than 73%; The net profit attributable to the parent company of 41 companies doubled year-on-year. From the perspective of industry distribution, the profitable and high-growth companies in the first half of the year are mainly concentrated in semiconductors and semiconductor production equipment, technical hardware and equipment, pharmaceutical, biotechnology and life sciences and other industries.

In terms of industry dynamics, recently, the 2024 World Robot Conference was held in Beijing. Robots embody the comprehensive integration of various modern technologies, integrating new technologies and new industries such as artificial intelligence, new materials, and biomimicry, and are an important symbol to measure the level of scientific and technological innovation and high-end manufacturing.

Internationally, United States Federal Reserve Chairman Jerome Powell said at the Jackson Hole Global Central Bank Annual Economic Policy Symposium in Wyoming on the 23rd that the Fed has come to cut interest rates. Some institutions believe that the Federal Reserve has signaled interest rate cuts, and external demand is expected to improve. In addition, large-scale equipment renewal to boost domestic demand is expected to resonate with going overseas, and the domestic high-end equipment industry is expected to open a new round of business cycle.

STAR 50 ETF Leader (588060), OTC Connect (Class A: 013810; Category C: 013811; GF STAR 50 ETF Initiation Connection F: 021768).