市场震荡分化，百股涨停，A500ETF易方达（159361）、沪深300ETF易方达（510310）助力布局核心资产

Market Overview - The market experienced weak fluctuations today, with the Shenzhen Component Index and ChiNext Index narrowing their declines towards the end of trading. A total of 100 stocks in the market hit the daily limit up, indicating rapid rotation of hot sectors, particularly in energy metals, military industry, and AI applications, while precious metals and pharmaceuticals saw declines [1]. - The closing figures showed the CSI 500 Index down by 0.4%, the CSI 300 Index down by 0.7%, the ChiNext Index down by 0.2%, the STAR Market 50 Index down by 0.5%, and the Hang Seng China Enterprises Index down by 0.7% [1]. Index Performance - The CSI 300 Index, composed of 300 stocks from the Shanghai and Shenzhen markets, fell by 0.7% today, with a rolling price-to-earnings (P/E) ratio of 14.2 times, placing it in the 65.7% valuation percentile since its inception in 2005 [2]. - The CSI 500 Index, which includes 500 securities with good liquidity across various industries, decreased by 0.4% today, with a rolling P/E ratio of 16.8 times, ranking in the 72.2% valuation percentile since its launch in 2004 [2]. - The ChiNext Index, tracking 100 stocks with high liquidity in the ChiNext market, dropped by 0.2% today, with a rolling P/E ratio of 40.3 times, placing it in the 33.1% valuation percentile since its inception in 2010 [2]. - The STAR Market 50 Index, which includes 50 high-liquidity stocks from the STAR Market, fell by 0.5% today, with a rolling P/E ratio of 153.0 times, ranking in the 95.7% valuation percentile since its launch in 2020 [2]. Hong Kong Market - The Hang Seng China Enterprises Index, which tracks 50 large-cap and actively traded stocks listed in Hong Kong, declined by 0.7% today, with a rolling P/E ratio of 10.8 times, placing it in the 66.1% valuation percentile since its inception in 2002 [3].