The Shanghai Composite Index returns to 4000 points! The ChiNext 50 ETF has a return of nearly 57% this year, leading the way. Institutions are optimistic about the resonance opportunities between AI and new energy.

On November 6th, the main indexes of A-shares strengthened in early trading. The Shanghai Composite Index fluctuated and rose, returning to the 4000-point mark; the ChiNext Index and the Shenzhen Component Index both rose more than 1% in the morning. With this momentum, the ChiNext 50 ETF rose by 1.59%, closing at 1.529 yuan, with a turnover rate of 3.88% and a trading volume of 10.51 billion yuan. By midday, the top ten heavily weighted stocks in the ChiNext 50 ETF all closed higher. Galaxy Securities pointed out that traditional lithium battery equipment manufacturers are expected to extend their advantages in technology and industrial chain resources to the field of solid-state batteries. In addition, new market opportunities will be brought by incremental processes such as dry electrode and isostatic pressing. Therefore, it is recommended to pay attention to the research and development progress and order situation of related companies in the field of solid-state battery equipment. Open Source Securities analysis suggests that ETF capital inflows may further drive the valuation restoration of the ChiNext board. Although the scale of the ChiNext ETF fell in September, there was a significant increase in volume in August. In the current market environment where "selecting industries is better than selecting individual stocks", the ChiNext board covers multiple high-growth tracks such as new energy, semiconductors, pharmaceuticals, and AI. If subsequent funds continue to flow in through thematic ETFs, the overall valuation restoration still has sustainability. Investors who are optimistic about the long-term development of China's technology growth sector can directly trade in the ChiNext 50 ETF through a stock account or invest through linked funds. It is recommended to use a dollar-cost averaging or phased approach to smooth out short-term volatility risks, and closely monitor the performance realization of index component stocks and the progress of relevant policies.