Shanghai-Shenzhen Stock Connect ETF Daily: Gold ETFs Surge Over 6% as Power, Nonferrous Metals, and Building Materials Sectors Rally
On March 24, 2026, the Shanghai-Shenzhen Stock Connect ETF market exhibited a rotational pattern, characterized by a strong rebound in cyclical and resource sectors, while broad-based indices experienced a modest consolidation.
The market’s upward momentum was concentrated in cyclical and resource sectors such as gold, power, and nonferrous metals. The Gold ETF managed by China AMC (159562.SZ) rose 6.14%, leading the gains; the Gold ETF managed by Maxwealth Fund (517520.SH) gained 4.97%. Power-themed ETFs collectively strengthened, with the Power ETF managed by GF Fund (159611.SZ) rising 3.93%, and the Power ETF managed by Huatai-PineBridge (561560.SH) up 3.91%. Nonferrous metals and building materials sectors also performed actively: the Nonferrous Metals ETF managed by Southern Fund (512400.SH) rose 3.78%, while the Building Materials ETF managed by GuotaiAsset (159745.SZ) advanced 3.69%.
Rare metals and steel sectors also posted significant gains. The Rare Metals ETF managed by ICBC UBS (159671.SZ) rose 3.63%; the Steel ETF managed by Guotai Asset (515210.SH) gained 3.57%; the Rare Metals ETF managed by Harvest Fund (562800.SH) advanced 3.47%; and the Industrial Nonferrous Metals ETF managed by Wanjia Asset (560860.SH) rose 3.42%.
Top 10 Gainers Among Shanghai-Shenzhen Stock Connect ETFs |
|||||
|
Rank |
Code |
Name |
Change (%) |
Underlying Index |
Fund Manager |
|
1 |
159562.SZ |
ChinaAMC Gold Stock ETF |
6.14 |
SSH Gold Industry Stock Index |
China AMC |
|
2 |
517520.SH |
Maxwealth Gold Stock ETF |
4.97 |
SSH Gold Industry Stock Index |
Maxwealth Fund |
|
3 |
159611.SZ |
GF Power ETF |
3.93 |
Power Index |
GF Fund |
|
4 |
561560.SH |
Huatai-PineBridge Power ETF |
3.91 |
Power Index |
Huatai-PineBridge |
|
5 |
512400.SH |
China Southern Nonferrous Metals ETF |
3.78 |
Nonferrous Metals |
Southern Fund |
|
6 |
159745.SZ |
Guotai Building Materials ETF |
3.69 |
Building Materials |
GuotaiAsset |
|
7 |
159671.SZ |
ICBC UBS Rare Metals ETF |
3.63 |
CSI Rare Metals Index |
ICBC UBS |
|
8 |
515210.SH |
Guotai Steel ETF |
3.57 |
CSI Steel Index |
Guotai Asset |
|
9 |
562800.SH |
Harvest Rare Metals ETF |
3.47 |
CSI Rare Metals Index |
Harvest Fund |
|
10 |
560860.SH |
Wanjia Industrial Nonferrous Metals ETF |
3.42 |
Industrial Nonferrous Metals |
Wanjia Fund |
|
Source: Wind / NewTimeSpace Research Institute as of March 24, 2026 |
|||||
On the downside, adjustments were mainly concentrated in broad-based indices and certain new energy themes, though the overall declines were relatively limited. The CSI 300 ETF managed by CPIC Fund (515660.SH) fell 1.74%, recording a relatively larger decline; the HFT CSI A500 ETF managed by HFT Investment (563860.SH) declined 0.97%; the Coal ETF managed by Guotai Asset (515220.SH) fell 0.54%; the ChiNext ETF managed by ICBC UBS (159958.SZ) declined 0.31%; the Carbon Neutrality ETF managed by China AMC (159790.SZ) fell 0.24%; the CSI 300 ETF managed by China Life AMP (510380.SH) declined 0.22%; the Battery ETF managed by GF Fund (159755.SZ) fell 0.19%; the CSI 300 ETF managed by GF Fund (510360.SH) declined 0.18%; the Battery ETF managed by CUAM (159796.SZ) fell 0.10%; and the ChiNext ETF managed by China AMC (159957.SZ) declined 0.09%.
Top 10 Losers Among Shanghai-Shenzhen Stock Connect ETFs |
|||||
|
Rank |
Code |
Name |
Change (%) |
Underlying Index |
Fund Manager |
|
1 |
515660.SH |
CPIC CSI 300 ETF |
-1.74 |
CSI 300 |
CPIC Fund |
|
2 |
563860.SH |
HFT CSI A500 ETF |
-0.97 |
CSI A500 |
HFT Investment |
|
3 |
515220.SH |
Guotai Coal ETF |
-0.54 |
CSI Coal |
Guotai Asset |
|
4 |
159958.SZ |
ICBC UBS ChiNext ETF |
-0.31 |
ChiNext Index |
ICBC UBS |
|
5 |
159790.SZ |
China AMC Carbon Neutrality ETF |
-0.24 |
Mainland Low Carbon |
China AMC |
|
6 |
510380.SH |
China Life AMP CSI 300 ETF |
-0.22 |
CSI 300 |
China Life AMP |
|
7 |
159755.SZ |
GF Battery ETF |
-0.19 |
New Energy Battery |
GF Fund |
|
8 |
510360.SH |
GF CSI 300 ETF |
-0.18 |
CSI 300 |
GF Fund |
|
9 |
159796.SZ |
CUAM Battery ETF |
-0.10 |
CSI Battery Theme Index |
CUAM |
|
10 |
159957.SZ |
China AMC ChiNext ETF |
-0.09 |
ChiNext Index |
China AMC |
|
Source: Wind / NewTimeSpace Research Institute as of March 24, 2026 |
|||||
Overall, the market on March 24 exhibited a rotational pattern characterized by a strong rebound in cyclical and resource sectors, while broad-based indices experienced modest consolidation. According to New Space Research Institute data, sectors such as gold, power, nonferrous metals, and building materials gained market favor, forming a notable sector rotation effect. In contrast, broad-based indices, which had previously held up relatively well, along with certain new energy themes, saw mild pullbacks. The shift in market focus from defensive assets to cyclical and resource sectors was relatively evident.
NewTimeSpace Disclaimer:All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
