Venture(US:VEMLY) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-10 07:16Group 1 - The A-share market experienced a decline, with the Shanghai Composite Index falling below 3900 points in the afternoon session [1] - The ChiNext ETF (天弘, 159977) dropped by 5.07%, with a trading volume exceeding 271 million yuan, while leading stocks included Yingke Medical, Yangjie Technology, and Lihua Stock [1] - The Photovoltaic ETF (光伏ETF, 159857) also fell by 5.04%, with a trading volume over 300 million yuan, featuring stocks like Nanfang Glass A, Solar Energy, and Zhejiang New Energy showing positive performance [1] Group 2 - The ChiNext ETF closely tracks the ChiNext Index, focusing on high-growth and high-elasticity assets, with a management fee of 0.15% and a custody fee of 0.05%, among the lowest in the market [1] - The Photovoltaic ETF tracks the CSI Photovoltaic Industry Index, selecting up to 50 representative companies from the photovoltaic industry chain to reflect the overall performance of the sector [1] - Pacific Securities noted that the current index volatility is low, suggesting that sectors like photovoltaics with policy support may offer better odds and winning rates for investors [1] Group 3 - Dongguan Securities indicated that major A-share indices are at a high stage, with increased capital divergence and potential short-term volatility due to profit-taking [2] - The liquidity environment is expected to improve with the Federal Reserve's interest rate cuts attracting foreign capital, while domestic risk-free interest rates declining further highlight the value of equity assets [2] - Despite potential market fluctuations, the upward momentum is expected to remain unchanged due to various contributing factors [2]