On April 9th, the A-share market overall showed a trend of fluctuating adjustments, with the Shanghai Composite Index falling by 0.72%. The total market turnover exceeded 2.1 trillion yuan, and the sectors exhibited significant differentiation characteristics. Specifically, sectors such as copper cable high-speed connections, oil and gas extraction services, optical fibers, lithography machines, CPO, rare earth permanent magnets, liquid-cooled servers, PCBs, and PET copper foil led the gains; while tourism and hotels, gaming, pharmaceutical commerce, video content, insurance, and beauty care sectors faced downward pressure. The Hong Kong stock market also weakened, with the innovative drug sector retreating after a rise, and technology stocks collectively declined.
At the index level, core broad-based indices generally adjusted: the CSI A500 Index fell by 0.5%, the CSI 300 Index fell by 0.6%, the ChiNext Index fell by 0.7%, the Shanghai Stock Exchange Science and Technology Innovation Board 50 Index fell by 0.7%, and the Hang Seng China Enterprises Index fell by 0.8%.
According to WIND data compilation, the core large-cap broad-based indices currently in the market are:
CSI 300 Index: Composed of 300 stocks with large market capitalization and good liquidity from the Shanghai and Shenzhen markets, covering all 11 first-level industries of the CSI. Today's change is -0.6%, with a rolling price-to-earnings ratio of 14.2 times, and a valuation percentile of 65.2% since its release in 2005.
CSI A500 Index: Composed of 500 securities with larger market capitalization and better liquidity across various industries, covering 89 of the 93 third-level industries. Today's change is -0.5%, with a rolling price-to-earnings ratio of 17.3 times, and a valuation percentile of 75.6% since its release in 2004.
ChiNext Index: This index consists of 100 stocks with large market capitalization and good liquidity from the ChiNext board, with a high proportion of strategic emerging industries. The combined proportion of the power equipment, communication, and electronics industries is nearly 60%. Today's change is -0.7%, with a rolling price-to-earnings ratio of 41.0 times, and a valuation percentile of 35.7% since its release in 2010.
Science and Technology Innovation Board Index: This index consists of 50 stocks with large market capitalization and good liquidity from the Science and Technology Innovation Board, featuring significant &#34;hard technology&#34; leaders, with semiconductors accounting for over 65%, and the combined proportion of medical devices, software development, and photovoltaic equipment industries is nearly 80%. Today's change is -0.7%, with a rolling price-to-earnings ratio of 167.7 times, and a valuation percentile of 95.3% since its release in 2020.
Hang Seng China Enterprises Index: This index consists of 50 stocks with large market capitalization and active trading among Chinese mainland enterprises listed in Hong Kong, covering a wide range of industries, with the combined proportion of consumer discretionary, information technology, finance, and energy industries being nearly 85%. Today's change is -0.8%, with a rolling price-to-earnings ratio of 10.5 times, and a valuation percentile of 64.1% since 2002.
The core large-cap broad-based ETF under E Fund is detailed in the image below:
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OLEP-loyau0xMDaonZIrLukZaHIw6Neno95yZWvzjdSicAA/1000?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OLEP-loyau0xMDaonZIrLukZaHIw6Neno95yZWvzjdSicAA/1000"/>
Risk Warning: Funds have risks, and investment should be cautious

563360

510310

399300

510330

510300

512050

159352

159357

中证A500

000300

On April 9th, the A-share market experienced overall fluctuations and adjustments, with the Shanghai Composite Index falling by 0.72%. The trading volume exceeded 2.1 trillion yuan, and there was significant sector differentiation. Copper cables, high-speed connections, and oil and gas extraction led the gains, while tourism, gaming, and pharmaceuticals faced pressure. Core broad-based indices generally adjusted, with the CSI A500 Index down 0.5%, the CSI 300 Index down 0.6%, and the ChiNext Index down 0.7%. In terms of market valuation, the price-to-earnings ratio of the CSI 300 is 14.2 times, the price-to-earnings ratio of the CSI A500 is 17.3 times, the price-to-earnings ratio of the ChiNext is 41.0 times, and the price-to-earnings ratio of the STAR Market is 167.7 times

A-shares fluctuate and adjust, focusing on broad-based value in the market