创业板成长ETF下跌超5%

Core Viewpoint - The A-share market experienced a collective decline, with significant drops in major indices, indicating a bearish sentiment in the market [1] Market Performance - As of November 21, 2025, the Shanghai Composite Index fell by 2.43%, the Shenzhen Component Index decreased by 3.38%, and the ChiNext Index dropped by 3.94% [1] - The ChiNext Growth ETF (159967) saw a decline of 5.04%, with the latest price at 0.546 yuan and a trading volume of 236 million yuan, resulting in a turnover rate of 7.84% [1] Stock Performance - Among the constituent stocks, Guangku Technology led with a gain of 1.00%, while Shuanglin Co. and Huace Navigation rose by 0.20% and 0.13%, respectively [1] - Conversely, Xiechuang Data fell by 9.18%, Jiejia Weichuang decreased by 8.22%, and Zhongke Electric dropped by 8.11% [1] Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the ChiNext Growth ETF is 37.54, which is at the 36.46th percentile over the past decade, indicating that the valuation is lower than 63.54% of the time in the last ten years, suggesting a moderate valuation [1] Sector Weighting - The index tracked by the ChiNext Growth ETF is heavily weighted in sectors such as Communication (36.69%), Power Equipment (20.11%), Electronics (12.66%), Non-banking Financials (10.96%), and Computers (9.05%), reflecting a high new economy attribute [1] Historical Performance - Historically, the ChiNext Growth ETF is suitable for positioning during phase rebounds and trending upward markets, suggesting a strategy of buying on dips [1]