--- title: "The characteristics of small and micro-cap technology stocks combined with the bull market's oversold recovery pioneer, the Penghua SSE Science and Technology Innovation Board 200 ETF rose nearly 1%" type: "News" locale: "en" url: "https://longbridge.com/en/news/282319330.md" description: "The Science and Technology Innovation Board 200 ETF performed excellently in the bull market, rising nearly 1%. This index consists of 200 technology stocks with smaller market capitalizations and good liquidity, primarily concentrated in emerging industries such as electronics, pharmaceuticals, and biotechnology. The Science and Technology Innovation Board 200 has shown better recovery performance in the bull market compared to other indices, indicating higher earnings elasticity. Its constituent stocks, such as NANOMICRO and GEMPHARMATECH, have both seen significant increases, reflecting the market's strong preference for technology stocks" datetime: "2026-04-10T09:14:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282319330.md) - [en](https://longbridge.com/en/news/282319330.md) - [zh-HK](https://longbridge.com/zh-HK/news/282319330.md) --- # The characteristics of small and micro-cap technology stocks combined with the bull market's oversold recovery pioneer, the Penghua SSE Science and Technology Innovation Board 200 ETF rose nearly 1% **1\. Characteristics of the Science and Technology Innovation 200 Index: "Small-cap Technology Elastic Layer" of the Science and Technology Innovation Board** The Science and Technology Innovation 200 Index is based on December 30, 2022, and consists of 200 securities with smaller market capitalization (median market capitalization of the Science and Technology Innovation 200: 8.88 billion yuan; median market capitalization of the Science and Technology Innovation 50: 55.8 billion yuan; median market capitalization of the Science and Technology Innovation 100: 23.5 billion yuan) and better liquidity from the Science and Technology Innovation Board. It is closely aligned with the direction of new productive forces, with over 90% of its weight in new economy sectors and strategic emerging industries. In terms of industry distribution, as of April 10, 2026, the top five Shenwan first-level industries by weight in the Science and Technology Innovation 200 Index are electronics (weight: 31.9%), pharmaceuticals and biotechnology (21.8%), machinery and equipment (12.2%), power equipment (9.9%), and computers (7.9%). It possesses strong science and technology innovation attributes and good growth potential, serving as an "elastic reservoir" in a bull market. **2\. Review and Outlook: The Pioneer of Oversold Recovery in a Bull Market** Since the start of this bull market (September 24, 2024), the maximum drawdown of the Science and Technology Innovation 200 during various phase corrections has not significantly exceeded that of other indices, and the overall adjustment remains within a reasonable range for high-elasticity growth assets. However, within one month after the start of each recovery phase, its maximum increase has significantly outperformed the Science and Technology Innovation 100, Science and Technology Innovation 50, and broad-based indices during most time periods, reflecting a higher recovery slope and stronger return elasticity. The core reason behind the high recovery elasticity is: on one hand, the Science and Technology Innovation 200 is in the "small-cap layer" of the Science and Technology Innovation Board, making it more sensitive to improvements in liquidity, recovery of risk appetite, and warming policy expectations; on the other hand, its constituent stocks are highly concentrated in growth lines such as electronics, pharmaceuticals, high-end manufacturing, power equipment, and computers, which determines that its rebound combines small-cap style elasticity with support from industrial main lines. Therefore, in the current environment where the expectations of the bull market have not been damaged and the market is entering a phase of oversold recovery, the Science and Technology Innovation 200 is a high-quality offensive variety that reflects the technology main line, growth attributes, and price recovery efficiency, serving as the pioneer of oversold recovery in a bull market. As of April 10, 2026, 15:00, the Shanghai Science and Technology Innovation Board 200 Index (000699) rose strongly by 1.02%, with constituent stocks NANOMICRO rising by 20.02%, GEMPHARMATECH rising by 10.55%, WanRun New Energy rising by 9.49%, and stocks such as Chenghe Technology and Aoptical also following suit Penghua SSE Science and Technology Innovation Board 200 ETF (588240) rose by 0.88%, with the latest price reported at 1.61 yuan ### Related Stocks - [688046.CN](https://longbridge.com/en/quote/688046.CN.md) - [000699.CN](https://longbridge.com/en/quote/000699.CN.md) - [588240.CN](https://longbridge.com/en/quote/588240.CN.md) - [688690.CN](https://longbridge.com/en/quote/688690.CN.md) ## Related News & Research - [Lytica Launches Supplier Intelligence to Modernize Buyer-Supplier Dynamics in Electronics Procurement](https://longbridge.com/en/news/286921721.md) - [I've been wrong about this tech stock for years, but I've finally bought shares](https://longbridge.com/en/news/286592097.md) - [11:42 ETLG ELECTRONICS NAMED TO 'FORBES 'ACCESSIBILITY 200' LIST](https://longbridge.com/en/news/286940876.md) - [06:00 ETVon Londoner Bussen bis E-Supermarktflotten: Geotab zeichnet fünf europäische Flotten aus](https://longbridge.com/en/news/286891047.md) - [Non-discretionary PMS clients can pledge securities held in demat: Sebi](https://longbridge.com/en/news/286886059.md)