The A-share broad-based index has synchronized its pullback, with consistent performance across the A series broad-based indices, as funds counter-trend allocate to the A500ETF

On March 26, the A-share market experienced overall fluctuations and a downward trend, with the A-series broad-based indices adjusting simultaneously. The CSI A500, A100, and A50 indices all fell by 1.4%. In terms of valuation, the rolling price-to-earnings ratio of the CSI A500 index is 16.8 times, A100 is 17.0 times, and A50 is 17.5 times. Despite the market downturn, the A500 ETF saw a net subscription of nearly 100 million shares throughout the day. China Merchants Securities believes that the current A-share market is in the latter half of the decline, with limited room for further significant drops, but external shocks may trigger volatility. Risk warning: Investment should be approached with caution