Underlying Index Performance: The ETF's price closely tracks the performance of its underlying index, the SSE STAR Market 50 Index. Positive index performance typically increases the ETF price, and vice versa.

Supply and Demand: Market forces of supply and demand directly influence the ETF's price. Higher demand pushes the price up, while increased selling pressure can lower it.

Investor Sentiment: Overall investor confidence and risk appetite significantly affect ETF prices. Positive market sentiment leads to increased investment and higher prices.

Trading Activity: The volume of trading in the ETF impacts its price. Higher trading volume can indicate strong investor interest and potentially greater price volatility.

Expense Ratio: The ETF's management fees and other expenses can indirectly affect its long-term price performance. Higher expense ratios may reduce returns relative to the index.

Market Maker Activity: Market makers play a crucial role in providing liquidity and ensuring the ETF price stays aligned with its net asset value. Their activities can influence short-term price fluctuations.