市场放量反弹，A500ETF易方达(159361)、沪深300ETF易方达(510310)助力布局核心资产

Market Performance - The Shanghai Composite Index increased by 0.4% this week, with overall market trading volume expanding compared to last week, including two trading days where turnover exceeded 2 trillion yuan [1] - The CSI 300 Index decreased by 0.1%, while the CSI A500 Index rose by 0.3%. The ChiNext Index saw a significant increase of 2.7%, and the STAR Market 50 Index rose by 1.7%. In contrast, the Hang Seng China Enterprises Index fell by 1.3% [1][3] Sector Performance - Sectors that performed well included controllable nuclear fusion, CPO, photolithography machines, commercial aerospace, and precious metals, while sectors such as phosphate chemicals, real estate, traditional Chinese medicine, and dairy experienced adjustments [1] - The ChiNext Index is composed of 100 stocks with high market capitalization and liquidity, with a significant focus on strategic emerging industries, particularly in power equipment, communications, and electronics, which together account for nearly 60% [4] - The STAR Market 50 Index consists of 50 stocks with large market capitalization and liquidity, prominently featuring "hard technology" leaders, with semiconductors making up over 50% and combined with medical devices and photovoltaic equipment, accounting for nearly 75% [4] Index Valuation - The rolling P/E ratio for the CSI 300 Index is 13.9 times, while the CSI A500 Index stands at 16.4 times. The ChiNext Index has a higher P/E ratio of 40.4 times, and the STAR Market 50 Index has an exceptionally high P/E ratio of 149.8 times. The Hang Seng China Enterprises Index has a P/E ratio of 10.4 times [3] - The rolling P/E ratio percentiles indicate that the CSI 300 Index is at the 60.7th percentile, the CSI A500 Index at the 68.6th percentile, the ChiNext Index at the 33.6th percentile, the STAR Market 50 Index at the 94.8th percentile, and the Hang Seng China Enterprises Index at the 63.3rd percentile [3][4]