The ChiNext 50 ETF surged by 3.36% on high trading volume, leading the same category with a half-day turnover of 9.1 billion yuan, indicating a quiet inflow of funds.

On February 9th, the three major indexes of the A-share market opened high and rose in the morning, with the GEM index rising more than 3% and the Shenzhen Component Index rising more than 2% in the morning. Against this background, the GEM 50 ETF rose by 3.36%, reaching 1.570 yuan, with a turnover rate of 3.84% and a trading volume of 9.10 billion yuan, ranking first among similar ETFs. In terms of fund flow, the GEM 50 ETF has recently shown a trend from net outflow to net inflow. As of February 6, 2026, the ETF's circulation scale was 23.148 billion yuan. Specifically, in the recent 60 trading days, funds have flowed out by 3.39 billion yuan, in the recent 10 trading days, there was a net outflow of 1.04 billion yuan, and in the recent 5 trading days, it turned into a net inflow of 1.9 billion yuan. Industrial Securities pointed out that the recent global asset adjustments are more about digesting emotional narratives, rather than substantial changes in fundamentals or policies. As risks gradually dissipate, the most vulnerable phase of market sentiment may have passed. With subsequent events catalyzing and the "Spring Festival effect" and other factors influencing, the market is expected to recover, and holding stocks during the festival has a certain probability and odds. In terms of allocation, one can gradually shift towards being more active, focusing on positioning in the Spring Festival market. In terms of relative winning ratios, post-Spring Festival, technology manufacturing, resources & infrastructure chains are clearly advantageous. Huaxi Securities believes that despite recent disturbances in the overseas AI expectations, the technology sector is under short-term pressure. However, with the stabilization and rebound of US technology stocks, related domestic sectors are also expected to recover. Historical data shows that market trading usually contracts before the Spring Festival, with a significant return of funds after the holiday and an increase in risk appetite. Currently, it is appropriate to steadily position oneself for post-holiday market conditions, with the technology sector typically showing better elasticity after the holiday. Investors can directly trade the GEM 50 ETF through a stock account, or participate through its associated funds.