Venture(US:VEMLY) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-18 02:23Market Performance - On August 18, the three major indices experienced fluctuations and rose, with the Shanghai Composite Index surpassing 3700 points and the ChiNext Index breaking through 2576.22 points, marking a new high since February 15, 2023 [1] - The leading sectors included telecommunications, media, and computers [1] ETF and Fund Management - The Tianhong ChiNext ETF (159977) increased by 2.02%, with a trading volume exceeding 22 million yuan and a premium/discount rate of 0.06% [1] - Tianhong Fund announced a reduction in management and custody fees for the ChiNext ETF and its connecting funds, effective from August 15, lowering them to 0.15% and 0.05% respectively, making them the lowest in the market for index funds [1] Industry Insights - The ChiNext Index (399006.SZ) closely tracks the performance of 100 representative companies listed on the ChiNext board, reflecting the operational status of the emerging industries and high-tech enterprises [2] - As of August 18, the total box office for the summer movie season in 2025 reached 9.956 billion yuan, with total audience numbers exceeding 260 million, showing significant growth compared to the previous year [2] Market Outlook - According to Everbright Securities, the market may reach new highs in the second half of the year, driven by short-term and long-term expectations, including continuous improvement in fundamentals and opportunities from emerging industries [3] - Key sectors to watch include machinery and power equipment for short-term recovery, and consumption, technology independence, and dividend stocks for long-term growth [3] - According to Xinda Securities, the current market may be in the early stages of a bull market, with potential shifts in market style as it progresses [3]