创业板指配置空间仍然存在，创业板ETF（159915）半日净申购超1.8亿份

Core Viewpoint - The ChiNext index and related indices experienced declines, while there was significant net subscription activity in the ChiNext ETF, indicating mixed market sentiment and potential investment opportunities in specific sectors [1] Group 1: Market Performance - As of midday close, the ChiNext Mid 200 Index fell by 1.0%, and both the ChiNext Index and ChiNext Growth Index decreased by 1.7% [1] - The ChiNext ETF (159915) saw a net subscription exceeding 180 million units during the half-day session, suggesting strong investor interest despite the overall market decline [1] Group 2: Sector Analysis - From an allocation perspective, the ChiNext index still shows relative certainty in horizontal comparisons, particularly in the new energy-related industry chain, which is highlighted as a key sector in the current market environment [1] - There is evidence of stabilization and recovery in the prices of upstream silicon materials and wafers, although downstream demand may face challenges related to commercial inventory storage, which has not yet formed a consensus expectation in the market [1] - Additionally, the valuation of key stocks in the telecommunications and electronics sectors appears reasonable in horizontal comparisons, indicating that there is still potential for future allocation in these areas [1]