Venture(US:VEMLY) Xin Lang Cai Jing·2025-11-21 06:17Market Performance - The ChiNext Index has decreased by 3.00% as of November 21, 2025, with mixed performance among constituent stocks [1] - Notable gainers include Changying Precision (+5.32%), BlueFocus (+4.40%), and Nanda Optoelectronics (+2.46%), while Tianhua New Energy led the decline at -19.05% [1] - The ChiNext ETF (Boshi, 159908) fell by 3.49%, with a latest price of 2.74 yuan, but has seen a 2.23% increase over the past month [1] Liquidity and Trading Volume - The ChiNext ETF recorded a turnover rate of 1.68% with a trading volume of 19.6867 million yuan [1] - The average daily trading volume over the past month was 39.9654 million yuan [1] Economic Indicators - The U.S. non-farm payroll report for September showed an increase of 119,000 jobs, significantly above expectations, leading to reduced hopes for a Federal Reserve rate cut in December [1] - This economic data resulted in a substantial decline in U.S. stock markets, with the Nasdaq index dropping by 2.16% [1] Sector Analysis - Despite short-term adjustments in the tech sector, the fundamentals remain strong, with Nvidia reporting a 62% year-over-year revenue increase to $57.01 billion, exceeding Wall Street expectations [1] - Nvidia's guidance for Q4 sales also surpassed market consensus, reinforcing the demand for AI chips [1] Investment Trends - Analysts note increased volatility in the innovation and entrepreneurship sector since Q4, but the underlying fundamentals remain unchanged [2] - The semiconductor sector in China shows attractive PEG levels compared to overseas peers, with recent earnings reports from U.S. chip giants exceeding market expectations [2] - The new energy sector is highlighted as a key area for investment, with signs of price stabilization in upstream silicon materials [2] Fund Performance - The latest size of the ChiNext ETF (Boshi) is 1.196 billion yuan, with a net inflow of 5.7123 million yuan recently [3] - Over the past 10 trading days, there have been net inflows on 6 days, totaling 11.508 million yuan, averaging 1.1508 million yuan per day [3] - The ChiNext Index is composed of 100 stocks with high market capitalization and liquidity, reflecting the market's performance [3]