Yesterday (December 6th), the turnover of the two cities was 998.2 billion, a decrease of 56.9 billion compared with the previous trading day. Choice data shows that there were 236 million net redemptions of equity ETFs in the market yesterday, including 46 million net redemptions of equity ETFs in Shanghai and 189 million net redemptions of equity ETFs in Shenzhen. Based on the latest net value, the net redemption amount in the market yesterday reached 1.723 billion yuan.

the 1tf fund in the bay area led the gains

according to the data, among the stock ETFs in the market yesterday, the 1tf fund in the bay area, the food 5ETF fund and the wine ETF fund were among the top gainers, among which the 1tf fund in the bay area rose by 3.44%, ranking first.

kechuang 5ETF has the largest subscription

yesterday, the largest net subscription amount was kechuang 5ETF, with a net subscription amount of 699 million. In addition, Chinese medicine ETF funds and securities insurance ETF funds were also among the top subscribers, with net subscription amounts of 356 million yuan and 142 million yuan respectively.

SSE 5ETF was redeemed

The data also showed that SSE 5ETF fund had the largest net redemption amount yesterday, with a redemption amount of 1.62 billion yuan, followed by CSI 1ETF fund with a redemption amount of 381 million yuan.

institutions look at the market outlook

Galaxy Securities believes that due to multiple factors, the overall yield of the banking sector in 222 is weak, and the valuation is at a historical low. Up to now, the bank's index yield is -1.9%, and PB is .5X Economic growth and real estate risk are the core factors to suppress the bank's valuation, and also provide a good allocation time. Short-term steady growth and accelerated release of the effectiveness of real estate financing policies will become the key to the reversal of the banking sector, and the inflection point has already appeared. In the medium and long term, it is still necessary to seize the opportunity of economic transformation and upgrading, lay out market segments and high-quality tracks, and seek more development space.

Zhongtai Securities believes that the recent gradual relaxation of policy constraints has opened an opportunity for economic and market environment restoration. Recently, with the optimization of epidemic prevention and control measures, the market has great expectations for the recovery of consumption. The agency predicts that the consumption recovery environment next year will be generally comparable to that in 221, and the annual social zero growth rate will be around 4%. Next year, the infrastructure and manufacturing industries should not be underestimated, and GDP will exceed 5%. I am optimistic about the investment growth next year.

The agency believes that the short-term interest rate adjustment has not been completed, and attention will be paid to the cyclical vibration next year. In the short term, the growth "resilience" is stronger than the expected "elasticity".

first, the rights and interests market opportunities or the midstream processing and assembly industry dominated by domestic demand such as machinery;

Second, the economic recovery will push up the interest rate level, and the adjustment of the bond market has not been completed, and the high point may be 3%.

Third, the prices of precious metals such as gold are on the rise. In the medium term, the relaxation of epidemic constraints will help the recovery of consumption, but the consumer industry with necessary attributes will increase even more.

in addition, the second half of next year is likely to usher in a new round of Sino-US recovery cycle, while the first half will see the start of pro-cyclical market. As for the RMB exchange rate, despite the weakening of exports, it is expected that the US dollar index will return to an equilibrium level after falling.