A股早盘震荡，板块题材上，智谱AI、液冷服务器、辅助生殖板块走高，钢铁、煤炭板块调整；港 股走势分化，互联网板块走强。截至午间收盘，中证A500指数下跌0.9%，沪深300指数下跌1.1%，创业 板指数上涨0.4%，上证科创板50成份指数上涨0.1%，恒生中国企业指数下跌1.0%。 | 沪深300指数由沪深市场中规 | 截至午间收盘 | 该指数 | 该指数自2005年 | | --- | --- | --- | --- | | 模大、流动性好的300只股票 | 沪深300指数涨跌 | 演动市留率 | 发布以来估值分位 | | 组成,完整覆盖11个中证一级 | | | | | 行业 | -1. 1% | 13.4倍 | 55. 0% | | 中证A500指数由各行业市值较 | 截至午间收盘 | 该指数 | 该指数自2004年 | | 大、流动性较好的500只证券 | 中证A500指数涨跌 | 滚动市盘率 | 以来估值分位 | | 组成,覆盖93个三级行业中的 | | | | | 91个 | -0. 9% | 15.5倍 | 58. 2% | | 创业板大盘宽基:创业板ETF | | | 159915 | | 跟 ...

Market Performance - The market saw an afternoon rise with sectors such as CRO, special steel, and super hydropower gaining, while banking, insurance, and pork sectors adjusted [1] - By the close, the CSI A500 index rose by 0.5%, the CSI 300 index increased by 0.4%, the ChiNext index surged by 1.9%, and the STAR Market 50 index climbed by 1.5%, while the Hang Seng China Enterprises Index fell by 0.3% [1] Index Details - The CSI 300 index, composed of 300 large and liquid stocks from the Shanghai and Shenzhen markets, had a rolling P/E ratio of 13.5 times, with a valuation percentile of 57.0% since its inception in 2005 [2] - The CSI A500 index, made up of 500 stocks with good liquidity across various industries, recorded a daily increase of 0.5% and a rolling P/E ratio of 15.7 times, with a valuation percentile of 60.2% since 2004 [2] - The ChiNext index, tracking 100 large and liquid stocks in the ChiNext market, rose by 1.9% with a rolling P/E ratio of 35.1 times, and a valuation percentile of 20.3% since its launch in 2010 [2] - The STAR Market 50 index, consisting of 50 large and liquid stocks from the STAR Market, increased by 1.5% with a rolling P/E ratio of 146.1 times, and a valuation percentile of 99.6% since its inception in 2020 [2] Hang Seng Index - The Hang Seng China Enterprises Index, which includes 50 large and actively traded stocks listed in Hong Kong, saw a decline of 0.3% and has a rolling P/E ratio of 10.4 times, with a valuation percentile of 63.1% since 2002 [3]

Group 1 - The A-share market has shown steady growth in the first half of 2025, with the Shanghai Composite Index returning to 3500 points, and the ETF market continuing to expand in both scale and product quantity [1] - As of July 10, the number of stock ETFs in the market exceeded 1100, with a total scale surpassing 3.6 trillion yuan, reflecting an increase of approximately 310 billion yuan since the end of last year [1] - Several ETFs have demonstrated strong profitability this year, particularly in sectors such as Hong Kong pharmaceuticals and technology, with multiple thematic ETFs yielding over 20% returns [1] Group 2 - The Hong Kong pharmaceutical sector has emerged as a significant performer, with indices such as the Hang Seng Hong Kong Stock Connect Innovative Drug Index and the Hang Seng Hong Kong Stock Connect Healthcare Index rising over 50% as of July 10 [2] - The Hang Seng Innovative Drug ETF (159316) has gained 67.5%, attracting considerable market attention following a revision to its index composition to exclude CXO companies, achieving a "purity" of 100% [2] - Other sectors, including technology and finance, have also shown strong performance, with the Hong Kong Securities ETF (513090) and the Hong Kong Internet ETF (513040) rising 33.5% and 26.6%, respectively [2] Group 3 - Broad-based ETFs have been a major driver of growth in the ETF market this year, with the total inflow into the CSI 300 index-related ETFs exceeding 48 billion yuan as of July 10 [3] - The top five inflow ETFs include several related to the CSI 300 index, indicating strong investor interest in these broad-based products [3] - The technology sector has also seen significant inflows, with the Hong Kong Internet and Hang Seng Technology index-related ETFs attracting over 18 billion yuan each [3] Group 4 - The net inflow into the CSI Artificial Intelligence theme index-related ETFs has surpassed 11 billion yuan, with the AI ETF (159819) alone attracting nearly 8 billion yuan, ranking among the top ten inflow ETFs in the market [4] - Over 18 billion yuan has flowed into ETFs related to the robotics index, with the EasyGo Robotics ETF (159530) experiencing an eightfold increase in scale this year, leading the market in growth [4] Group 5 - The ETF market has been rapidly expanding, with over 50 ETF managers currently operating, and eight companies managing over 100 billion yuan in stock ETFs, collectively holding nearly 80% of the market share [6]