Venture(US:VEMLY) Xin Lang Cai Jing·2025-05-07 09:54Market Performance - As of May 7, 2025, the Shanghai Composite Index rose by 0.80% to 3342.67 points, while the Shenzhen Component Index increased by 0.22% to 10104.13 points, marking three consecutive days of gains [1] - The ChiNext Index also saw a rise of 0.51%, closing at 1996.51 points, achieving three consecutive days of gains [1] - The total trading volume of both markets reached 1.47 trillion yuan, exceeding 1 trillion yuan for ten consecutive days [1] Sector Performance - The ground weaponry sector performed notably well, surging by 5.42% on the day [1] - The aviation and aerospace equipment sectors followed closely, with increases of 3.91% and 3.66%, respectively [1] ETF Insights - The ChiNext ETF (Hua Xia, 159957) rose by 0.39%, achieving three consecutive days of gains, with the latest price at 1.30 yuan [1] - The trading volume for the ChiNext ETF reached 32.97 million yuan, with a turnover rate of 1.93% [1] - Over the past two weeks, the ChiNext ETF has accumulated a rise of 2.29% [2] Fund Size and Valuation - The latest size of the ChiNext ETF (Hua Xia) is 1.694 billion yuan [3] - The ETF tracks the ChiNext Index, which is currently at a historical low valuation with a price-to-book (PB) ratio of 4.01 times, lower than 85.6% of the time over the past five years, indicating a strong valuation appeal [3] - The top ten weighted stocks in the ChiNext Index account for 50.3% of the index, with notable companies including Ningde Times, Dongfang Wealth, and Mindray Medical [3]