Today (April 29), Prev stood above 3100 points! In a day of market rally, the performance of the chemical sector is particularly eye-catching. The subdivided chemical index hit a new high since the rebound, and the floor price of Chemical ETF (516020), which reflects the overall trend of the chemical sector, soared by 3%.Harddrivin.04%, Japanese Line four Lianyang, closing price reached the highest level since November 16, 2023!
In terms of constituent stocks, Wanhua Chemical, the leader of the plate, closed up 3.Harddrivin.59%, up more than 6% in intraday trading, Kaiser Bio up 12.99%, Lanxiao Technology up 8.85%, heavyweight Divine Materials up 5.64%, and satellite chemistry up 4.25%.
It is worth noting that since this round of market, the performance of the chemical sector is significantly better than the main index. Data show that since the close of trading today, the sub-index of the chemical industry ETF (516020) has risen as much as 24.47%, significantly outperforming the Shanghai Composite Index (15.2%) and the CSI 300 Index (13.23%) over the same period.
At present, with the help of multiple factors, the future market of the chemical sector is expected to continue.
[accelerated inflows of all kinds of funds]
With the recent rebound of the chemical sector, all kinds of funds also enter the market non-stop. Wind data show that in terms of northbound funds, by the end of the last trading day, the basic chemical sector had bought a net 906 million yuan in northward funds for nearly a week, ranking first among 30 Citic first-tier industries.HarddrivinIn terms of main funds, today, the basic chemical sector received a net inflow of 4.435 billion yuan, ranking third among the 30 CITIC first-tier industries.
ETF (516020), a hot chemical industry in the field, is also welcomed.HarddrivinA large amount of money continued to flow in. Wind data show that by the end of the last trading day, Chemical ETF (516020) had a net inflow of funds in 8 of the nearly 10 trading days, with a cumulative net inflow of more than 53 million yuan in the past 10 days.
[the quarterly report of weighted stocks is eye-catching]
Wind data show that as of today's close, 8 of the top 10 chemical ETF (516020) heavyweights have announced quarterly results for 2024, of which 7 have achieved year-on-year growth in net profit, while Hengli Petrochemical and Juhua shares have increased by more than 100%! Longbai Group, Satellite Chemistry, Hualu Hengsheng and Baofeng Energy have all achieved double-digit growth in net profit.
From the valuation level, at present, the chemical sector is still at a low level. Wind data show that by the close of the last trading day, the chemical index had a price-to-book ratio of 2.13 times, which is at the low level of 20.74% in the past 10 years, and the medium-and long-term allocation performance-to-price ratio is prominent.
Looking to the future, Guohai Securities said that the traditional industry is expected to hit bottom and rebound in 2024, the new material industry may accelerate the landing, and the chemical industry cycle may have bottomed out. From the perspective of the global competition pattern, the cost and efficiency advantages of Chinese superior enterprises have been very obvious and stable. Chinese advantageous enterprises are still expanding their production capacity, and the improvement of their global market share is expected to bring long-term performance.
How to grasp the opportunity of chemical plate rebound? Through the chemical industry ETF (516020) layout efficiency or higher. According to the public data, Chemical ETF (516020) tracks the subject index of CSI subdivision of chemical industry, covering all subdivision areas of chemical industry. Among them, nearly 50% of the positions are concentrated in large market capitalization leading stocks, including Wanhua Chemical, Salt Lake shares, Enjie shares, Hualu Hengsheng, Tianji Materials, Rongsheng Petrochemical, etc., sharing Hengqiang investment opportunities of the strong; the remaining 50% positions take into account the layout of phosphate fertilizer and phosphate chemical industry, fluorine chemical industry, nitrogen fertilizer, coal chemical industry, titanium dioxide and other sub-sectors leading stocks, fully grasp the chemical sector investment opportunities.
Pictures and data sources: Shanghai and Shenzhen Stock Exchange, Warburg Fund, Snowball, Wind, etc., as of April 29th, 2024. Risk hint: chemical ETF passively tracks the sub-theme index of the chemical industry in CSI, the base date of the index is 2004.12.31, the release date is 2012.4.11, and the composition of the index stocks is timely adjusted according to the compilation rules of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, which is suitable for investors with appropriateness rating C3 (balanced type) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.