Education ETF rose by more than 2%, and New Oriental online rose by nearly 5%

$New Oriental(EDU.US)$
In the morning, Education ETF $Bosera CSI Global China Education Theme ETF(QDII)(513360.SH)$rose by more than 2%. The turnover exceeded 39 million, the turnover rate exceeded 6%, and the trading was active.

Education stocks rose collectively, New Oriental online $EAST BUY(01797.HK)$ rose nearly 5%, Youdao $Youdao(DAO.US)$ led the rise by more than 8%, TAL $TAL Education(TAL.US)$ and Gaotu Techedu Inc. $Gaotu Techedu(GOTU.US)$ rose by more than 4%, and individual stocks such as NetDragon $NETDRAGON(00777.HK)$ , Chuanzhiboke Education $Jiangsu Chuanzhiboke Education Technology(003032.SZ)$ and New Oriental-S $NEW ORIENTAL-S(09901.HK)$ followed.

According to Tianfeng Securities $Tianfeng(601162.SH)$ , the business structure of New Oriental, such as the original university / going abroad and the new cultivation of literacy, is gradually becoming. FY22's overseas examination preparation business income increased by 6%, the overseas consulting business income increased by 16%, and the domestic examination and training business of adults and college students increased by 30%. FY23 will continue to accelerate the development of the two original core businesses of overseas universities by virtue of its brand strength and operational ability.