The operating rate data is improving, the construction machinery ETF ChinaAMC adjusted in early trading, and the updated cycle supports the prosperity of the sector

On March 16, the three major A-share indices showed divergent trends, with the Shanghai Composite Index falling by 0.92%. The engineering machinery ETF ChinaAMC CSI Construction Machinery Theme ETF decreased by 2.41%, but some constituent stocks, such as Dianguang Tech and Paguld, rose. The operating rate of engineering machinery has improved, with the operating rates of concrete equipment and lifting equipment in February increasing year-on-year. Southwest Securities pointed out that the prosperity of the engineering machinery industry continues to improve, with an upward trend for the whole year. The management fee and custody fee of this ETF are both at the lowest level in the industry