As of 11:23 on February 2, 2024, STAR 100 ETF**(588220)**290% with a turnover of 50.9 billion yuan, 1676% with a turnover rate of 938%, active intraday trading!
The STAR 100 ETF** closely tracks the SSE STAR Market 100 Index, and as of 11:23 on February 2, 2024, among the index constituent stocks, Haohaishengke**127%, Shengxiang Biological, Huitai Medical, etc. followed suit.
Data**: Wind, February 2, 2024.
The official manufacturing PMI is slightly ** and is still below the tolerance and drying line, but the service PMI is large ** and returns to above the tolerance and drying line. Today's Caixin PMI may provide further information on the manufacturing industry. At present, the market expects that the Caixin PMI may decline slightly. If the Caixin PMI can exceed expectations again, it means that the recovery of domestic demand may be very smooth, which will go a long way in boosting investor confidence.
Yesterday, the Caixin manufacturing PMI slightly exceeded expectations, maintaining 508 position, the same as in December. Taking into account the previous official PMI data manufacturing PMI** and the service PMI significantly**, the economic fundamentals in January this year were relatively optimistic, domestic demand was relatively stable, and exports may further improve. The economy as a whole was not much affected by real estate in the first month of this year.
On the whole, judging from the PMI data in January, the pressure of overcapacity of industrial products still exists, and industrial products** may continue to decline. Since the important meeting in 2023, the trend of commodity ** has been relatively weak, and it is expected that the adjustment of industrial products ** may come earlier after the Spring Festival in 2024, and the PPI in the first quarter of 2024 may continue to be under pressure year-on-year. Combined with the central bank's recent statement that "the current price level is still far from the expected target", as well as the statement of "promoting a moderate rebound", we expect that guiding the real interest rate downward in 2024 may still be an important direction of monetary policy.
Based on the available data, credit and currency** in January may have been affected by the impact of commercial housing sales and fell short of expectations. **Growth stocks, in particular, are highly affected by currency liquidity, which may lead to greater volatility in capital markets in January. However, the fundamentals of ** have not changed significantly, referring to the performance of Caixin manufacturing PMI, and the earnings of some sectors may even improve a lot. It may be oversold in January, and there is a high probability that it will be repaired after subsequent liquidity repairs.
According to the data disclosed so far, the market fundamentals in 2024 are relatively optimistic. Considering the current market concerns and the possibility that the liquidity of the capital market brought about by the RRR cut may be tightened before loosened, the market may still be dominated by safe-haven exchanges in the short term. However, as long as the fundamentals of listed companies do not deteriorate, there is still a large space in the market. In the short term, white horse stocks with low valuations and high dividends may be relatively more popular due to their safety.
Penghua STAR 100 ETF** (588220) closely tracks the SSE STAR Market 100 Index and continues to be actively traded
Science and technology related products: Science and Technology Innovation 100 ETF** (588220).
*There are risks and caution should be exercised.
STAR 100ETF**(SH588220)$
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