Today (October 28), the Shanghai Composite Index briefly surpassed 4,000 points, significantly boosting market sentiment. Industry statistics show that since August 18, 2015—the last time the index reached this level—top-performing stocks have surged over tenfold, with many from the electronics sector, such as GigaDevice, Victory Giant Technology, and NAURA, leading gains at 4,064%, 3,364%, and 1,905%, respectively.
The Electronic ETF (515260), which rallied 4.22% and 3.91% in the previous two sessions, underperformed today, peaking at a 0.84% intraday gain before closing 0.56% lower. Trading volume soared 81% to 68.71 million yuan. Technically, the ETF has logged six consecutive days of gains, with prices consistently above short-term moving averages (MA5, MA10, MA20), while medium-to-long-term MAs (MA60, MA120, MA250) exhibit a bullish alignment.
Among constituents, PCB leader Shengyi Technology rose over 4%, while沪电股份 gained 3%. Consumer electronics giant华勤技术 climbed 4%, with工业富联 up 1%. Semiconductor leaders like卓胜微,紫光国微,拓荆科技, and豪威集团 advanced over 2%.
Capital flows reveal strong institutional favor for electronics, reflecting bullish sentiment. The sector attracted 6.145 billion yuan in net inflows today, ranking second among 31 SW industries. Over longer horizons, it dominated with 50.2 billion, 89.7 billion, and 411.6 billion yuan inflows in the past 5, 20, and 60 days, respectively.
Catalysts include Qualcomm’s new AI chips challenging Nvidia in data centers. Galaxy Securities notes that amid computing power shortages, Chinese tech firms are accelerating efforts to reduce reliance on foreign AI chips, boosting domestic AI chip market growth and competition.
Fundamentally, earnings optimism prevails. Of Electronic ETF’s 50 constituents, 15 have reported Q3 results—all profitable, with 14 posting double-digit YoY net profit growth. Victory Giant Technology,寒武纪,闻泰科技, and瑞信微 led with 324%, 321%, 265%, and 121% surges, respectively.
Galaxy Securities highlights semiconductors’ structural rally driven by policy tailwinds and AI trends, emphasizing self-reliance in tech supply chains. CITIC Securities projects sustained upside for electronics, citing seasonal demand, AI device launches, and robust capital expenditure from global tech giants.
For exposure, the Electronic ETF (515260) and its feeder funds (Class A: 012550/Class C: 012551) track the CSI Electronic 50 Index, featuring: 1. **Innovation Leaders**: Heavyweights in semiconductors and consumer electronics, covering PCB, AI chips, automotive electronics, and 5G, with top holdings like Luxshare, SMIC,寒武纪, and工业富联. 2. **Apple Chain Momentum**: With iPhone 17 driving upgrades, Apple suppliers (43.43% of ETF weight) may outperform. 3. **Policy & AI Tailwinds**: Domestic semiconductor self-sufficiency and AI-driven product innovation align with national policies.
**Risk Disclosure**: The ETF tracks the CSI Electronic 50 Index (base date: 2008.12.31; launch: 2009.7.22). Past performance doesn’t guarantee future results. Holdings and sector views are illustrative, not investment advice. The fund carries moderate risk (R3), suitable for balanced (C3) or higher-risk investors. Investment decisions bear individual responsibility.
MACD golden crosses signal bullish momentum for select stocks.
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