"New and Old Energy" Join Forces to Lead Gains, Coal Leader LOF (161032), Photovoltaic ETF Fuguo (560230) Reverse Trend and Strengthen in Early Trading

SadMoneyMeow · 2026-03-23T13:20:15+00:00

On March 23, A-shares opened lower and rebounded slightly, with coal, photovoltaic, and energy metal sectors performing well. Coking coal futures rose more than 9%, with new energy tracks viewed as a good direction for market rebound, and rising energy storage system prices supporting industry recovery. Coal leader LOF and photovoltaic ETF showed significant gains.

SadMoneyMeow

2026-03-23 13:20:15

Abstract generation in progress

On the morning of March 23, the A-shares opened significantly lower and then slightly rebounded. In terms of sectors, coal, photovoltaic, and energy metals led the gains against the trend.

Among related ETFs, as of 10:13, the leading coal LOF (161032) rose over 2.2%, and the photovoltaic ETF Fuguo (560230) increased nearly 1%.

In news, coking coal futures rose more than 9% in the early trading session. Additionally, some analysts pointed out that the new energy sector is currently a relatively resistance-free area for market rebound. On one hand, geopolitical factors have increased focus on energy security, and photovoltaic energy storage, supported by energy security strategies, combined with high overseas installation demand, keeps the industry highly prosperous. On the other hand, since 2026, the prices for energy storage system centralized procurement have stopped falling and started to rise again, with the average price in February increasing by 10% to 18% month-on-month, and battery cell prices stabilizing, gradually easing industry vicious competition.

Data shows that the performance benchmark for the coal leader LOF (161032) is the CSI Coal Index return rate × 95% plus the bank’s current deposit interest rate (after tax) × 5%. This fund has gained over 26% so far this year, ranking 20th out of 3,856 in its category.

The photovoltaic ETF Fuguo (560230) tracks the CSI Photovoltaic Industry Index, which comprehensively covers the entire industry chain—from upstream silicon materials and wafers, to midstream batteries and modules, and downstream photovoltaic power stations. The top ten constituent stocks include leaders in various segments such as TBEA, Longi Green Energy, and Sungrow.

Daily Economic News

(Edited by: Zhang Xiaobo)

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