Underlying Index Performance: The ETF's price closely mirrors the performance of its underlying index, the SSE STAR Market 50 Index. Positive index movements generally lead to ETF price increases, while negative movements cause decreases.

Supply and Demand: Market demand for the ETF influences its price. Higher demand pushes prices up, while increased selling pressure leads to price declines. Issuance and redemption mechanisms can impact supply.

Market Sentiment: Overall investor confidence and risk appetite in the market affect ETF prices. Positive sentiment often drives investment into ETFs, increasing their value. Conversely, negative sentiment prompts selling.

Trading Costs and Liquidity: Transaction costs and the ease of buying or selling the ETF can impact its price. Lower trading costs and higher liquidity tend to make the ETF more attractive, supporting its price.

NAV (Net Asset Value): While the market price can deviate slightly, the NAV acts as a benchmark. Large discrepancies between the market price and NAV can create arbitrage opportunities, pulling the price closer to the NAV.