The coal sector led the gains, with the CSI Dividend Index rising 0.8% at midday, and the E Fund Dividend ETF (515180) attracting nearly 200 million yuan in total inflows over the past two days.

On the morning of March 12, defensive sectors such as coal and banking performed relatively strongly. By midday, the CSI Dividend Index rose 0.8%, the CSI Dividend Value Index increased 0.5%, the CSI Dividend Low Volatility Index gained 0.1%, and the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index declined 0.5%. According to Wind data, the Harvest CSI Dividend ETF (515180, Connect Funds A/C/Y: 009051/009052/022925) has been receiving additional funds for two consecutive days, totaling nearly 200 million yuan.

Risk warning: Funds are subject to risks; please invest cautiously.

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