HALO logic triggers market rally! Power grid equipment ETF (159326) surges 4.73%, China Xidian hits the daily limit

On March 5th, the three major A-share indices all rose. The Shanghai Composite Index increased by 0.43%, the Shenzhen Component Index rose by 1.5%, and the ChiNext Index gained 2.14%. As of 10:11, the Power Grid Equipment ETF (159326) opened higher and continued to rise strongly, up 4.73%, with a trading volume of 1.523 billion yuan and a turnover rate of 5.61%, maintaining active trading. Its constituent stocks, Tongguang Cable, Dalian Electric Porcelain, China Western Electric, Han Cable Shares, and others hit the daily limit, with Jicheng Electronics up 9.79%, and stocks like Jinpan Technology, Shama Power, Canaan Intelligent, and Sanhui Electric also rising.

Since 2026, the HALO asset concept (Heavy Assets, Low Obsolescence) proposed by Goldman Sachs has become a core focus in the investment market. The “HALO trading” strategy believes that AI technology is disrupting light-asset industries such as software and IT services. Market funds are gradually shifting toward physical assets with high entry barriers and low risk of obsolescence, such as power and energy assets, thereby driving demand for real assets.

Industrial Securities states that under the HALO trading logic, there is optimism about the overseas expansion of electrical equipment. In North America, increased demand for AIDC, power shortages, and accelerated grid construction will boost demand for electrical equipment. Domestic power grid equipment, power supplies, and energy storage companies are also expected to see new growth opportunities.

The Power Grid Equipment ETF (159326) is the only product in the market tracking the CSI Power Grid Equipment Theme Index. The secondary industry classification of Power Grid Equipment in Shenwan’s classification accounts for over 77%, making it the purest power grid index in the market. Among them, the weight of smart grid accounts for as high as 90%, and ultra-high voltage accounts for 69%, both ranking first in the market. The product comprehensively covers industry leaders such as State Grid South Electric, TBEA, Siyuan Electric, and others, precisely aligning with the three main themes of ultra-high voltage projects, smart grid upgrades, and AI computing power supporting grid transformation. It is a key tool for conveniently capturing the high prosperity of the power grid equipment industry.

Daily Economic News