Group 1 - The A-share market opened lower on May 29, with the CSI A500 index initially declining but then rebounding [1] - The A500 index ETF (159351) fell by 0.41%, while stocks like Zhangqu Technology rose over 8% [1] - The A500 index ETF has seen a net inflow of nearly 200 million yuan on May 29, marking seven consecutive trading days of inflows, totaling over 650 million yuan [1] Group 2 - The A500 index ETF closely tracks the CSI A500 index, which selects 500 stocks representing strong market capitalization across various industries [1] - According to Zhongtai Securities, there is an expectation of a turning point in foreign capital allocation to A-shares, benefiting from global capital rebalancing [1] - The performance of RMB assets has been superior this year, with AH shares outperforming US stocks, and the RMB remaining stronger than the USD [1] Group 3 - Everbright Securities indicates that ongoing policy support and the resulting profit effect will likely enhance market valuations [2] - The current valuation of the A-share market is near the average since 2010, with potential for further increases due to policy initiatives and inflows from profit-taking [2] - The focus for investment should be on technology growth and consumer sectors [2]

截至3月23日，从中证A500指数已经披露业绩快报的成份股来看，其中营业收入同比实现增长的占 比超7成，其中中际旭创同比大增122%，寒武纪、澜起科技、百济神州、海光信息、拓荆科技等科技龙 头营收同比增幅均在50%以上。 超7成成份股营收同比增长，核心资产价值再显，招 商A500指数ETF单日获1.1亿元资金增仓 随着"四月决断"窗口临近，基本面影响权重大幅提升，核心资产或再度迎来关注机会。资金面上 看，相关标的也重回流入状态。以招商A500指数ETF为例，上交所数据显示，3月21日该ETF获1.1亿元 资金净流入，资金回暖信号明显。 中证A500指数7成成份股营收同比增长，科技龙头表现亮眼 中信证券建议关注两个关键时点：一个是4月初外部风险落地后带来的交易性机会，经过3月大幅调 整且后期有催化的科技主题，因其弱宏观关联和强产业催化，预计会成为4月至5月最好的方向；从资金 面来看，增量资金或来自前期高切低回补、仓位回补以及部分追逐港股的趋势资金回流。二是年中中美 经济和政策周期同频后带来的配置性机会，可能会催生2013年以来中国出现的第四轮总量经济刺激。 中银证券认为，短期市场存在一定震荡调整的需求，但中期来 ...