ETF Morning Review | A-shares surge then pull back, oil and gas sector leads the decline, S&P Oil & Gas ETF drops 4%

NightAirdropper · 2026-04-02T03:05:16+00:00

As of the midday close, the Shanghai Composite Index declined, with trading volume increasing compared to yesterday. Most sectors pulled back, while financials, pharmaceuticals, and large consumer sectors rose against the trend. Oil & gas, grains, and other sectors performed poorly, with related ETFs showing significant declines.

NightAirdropper

2026-04-02 03:05:16

Abstract generation in progress

Gelonghui March 31 | As of midday, the Shanghai Composite Index fell 0.38%, the Shenzhen Component Index fell 1.45%, the ChiNext Index fell 2.36%, and the Beijing Stock Exchange 50 fell 0.1%. The total market turnover was 1,337.5 billion yuan, up by 8.6 billion yuan from the previous trading day. CPO, lithium battery, semiconductors, computing power leasing, AI computing power, and photovoltaic-related themes all pulled back across the board. Coal, chemical, non-ferrous metals, and the power sector led the declines; financials, pharmaceuticals, and broad consumer segments rose against the trend.

Today, the financial, healthcare and biopharmaceuticals, and broad consumption sectors strengthened against the trend, with relevant ETFs leading the gains:

Broad consumption and home appliances sector: Household Appliances ETF Bosera (159730) rose 1.37%, Consumer Leaders ETF ICBC (159520) rose 1.04%, Consumer 50 ETF FOTAR (515650) rose 0.99%, Consumer Leaders ETF Huabo (516130) rose 0.97%, directly benefiting from the broad consumer sector’s upside, against-the-trend move. Biopharmaceuticals and satellite industry sector: Biopharmaceutical ETF Add/Collect (159839) rose 1.15%, Satellite ETF Penghua (563790) rose 1.34%, Satellite ETF China Merchants (159218) rose 1.12%, tracking the active pharma and satellite navigation themes. Financial real estate sector: Financial Real Estate ETF China Southern Minsheng/UBS (159933) rose 1.00%, forming linkage with the financial sector’s green moves against the trend.

Today, oil & gas, grain, coal, and battery sectors saw deep pullbacks, with related ETFs leading the declines:

Oil & gas sector: SPDR S&P Oil & Gas ETF Franklin Templeton (513350) plunged 4.37%, SPDR S&P Oil & Gas ETF James (159518) fell 3.56%, leading the entire market lower. Grain and agriculture sector: Grain ETF GF (159587) fell 3.86%, Grain ETF Penghua (159906) fell 3.39%. Battery and energy storage sector: Energy Storage Battery ETF E Fund (159566) fell 3.23%, Battery ETF FOTAR (562880) fell 3.18%, impacted by pullbacks in lithium battery and photovoltaic themes. Coal and growth sector: Coal ETF Gaitai (515220) fell 3.31%, Deep Growth ETF Dacheng (159906) fell 3.43%, STAR 200 ETF ICBC (589200) fell 3.34%, and ChiNext Growth ETF Huaxia (159967) fell 3.26%.

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