上证综指ETF（510760）涨近0.9%，必选消费估值性价比凸显

Group 1 - The essential viewpoint is that the essential consumer sector shows superior valuation cost-effectiveness, with the average valuation percentile for food and beverage, as well as agriculture, forestry, animal husbandry, and fishery over three and five years being only 15.13%/9.09% and 12.67%/9.24%, indicating potential for valuation recovery [1] - The midstream materials and manufacturing sectors, represented by automotive and machinery equipment, as well as the large financial sector represented by banks, are at historical high valuation levels, suggesting limited upward space amid volume contraction and structural adjustment [1] - Attention should be paid to certain sectors experiencing rapid short-term valuation increases, with textiles, apparel, and beauty care having current one-year average valuation percentiles exceeding 92%, indicating a significant convergence of valuation cost-effectiveness advantages [1] Group 2 - Most primary industries experienced declines this week, with TMT and large financial sectors leading the drop, particularly in computer, communication, electronics, and non-bank financials [1] - Emerging industries overall declined, with the digital economy facing the largest drop, as cloud computing and IDC fell by 3.63% and 3.5% respectively; high-end equipment manufacturing also weakened across the board, with industrial mother machines and integrated circuits dropping by 3.87% and 2.25% respectively [1] - The Shanghai Composite Index ETF (510760) tracks the Shanghai Composite Index (000001), which is compiled by the Shanghai Stock Exchange and encompasses all A-shares and B-shares listed on the exchange, effectively reflecting the overall performance of the Shanghai securities market [1]