The power grid equipment ETF from E Fund surged over 3%, as the power grid industry chain enters a medium to long-term high prosperity cycle
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The Power Grid Equipment ETF E Fund (560390) rose by 3.09%, and the Hang Seng A-Share Power Grid Equipment Index (HSCAUPG) increased by 3.05%. As of April 14, this ETF saw a growth of 35 million shares in the past week, attracting 496 million yuan. The European Union plans to launch new energy policies to address the surge in oil and gas prices, promoting the construction of clean energy and smart grids. Huafu Securities pointed out that the power equipment sector is experiencing an upward trend, with accelerated investments from the State Grid and Southern Power Grid, ushering in a medium to long-term high prosperity cycle for the power grid industry
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