Yesterday (December 27), the turnover of the two cities was 668.6 billion, 44.3 billion higher than the previous trading day.

Choice data shows that yesterday there were 1.777 billion net redemptions of stock ETFs on the exchange, of which 1.096 billion were net redemptions of Shanghai stock ETFs and 681 million were net redemptions of Shenzhen stock ETFs.

Based on the latest net value, the net redemption amount in the market yesterday reached 3.121 billion yuan.

Data from the 180 Governance ETF Fund shows that among the stock ETFs on the market yesterday, the 180 Governance ETF Fund, the Deep Value ETF Fund and the Photovoltaic ETF Fund were among the top gainers. Among them, the 180 Governance ETF Fund increased by 4.42%, ranking first.

300ETF Fund had the most subscriptions yesterday, and the largest net subscription amount was 300ETF Fund, with a net subscription amount of 206 million yuan.

In addition, Nasdaq ETF Fund and Big Data ETF Fund also received top subscriptions, with net subscription amounts of 152 million yuan and 107 million yuan respectively.

The CSI 500 ETF redemption data also shows that the on-site stock ETF with the largest net redemption amount yesterday was the CSI 500 ETF fund, with a redemption amount of 926 million yuan, followed by the SSE 50 ETF fund, with a redemption amount of 745 million yuan.

Institutions looking at the market outlook, Huaxin Securities, said that the risk of uncertainty is gradually coming to an end. Logically, due to the Federal Reserve’s interest rate hike entering the final stage, coupled with the weakening of U.S. bond yields and the U.S. dollar, the RMB exchange rate has performed relatively strongly, especially during the 23-year economic recession in the United States.

According to the expected logic, as it becomes more and more recognized by the market, foreign capital's support for A-shares will once again become the main incremental funds in the market. At the same time, the total volume trend of such characteristics is likely to run through the first half of 23, so the start of the blue-chip stock market will be a key factor for A-shares.

The trend of rising prices has laid the foundation, especially with the current strategy of expanding domestic demand, consumer blue chips will be more attractive to funds.

Beijing Capital Securities believes that the core factor suppressing the market is capital. There are often liquidity problems at the end of the year, and the short-term capital supply in the stock market is insufficient. Beishang has been bargain hunting recently, but domestic capital has been under pressure.

After December 7, the market entered a period of shock adjustment, and the proportion of financing transactions continued to decline. Recently, major sentiment indicators have reached historical extremes, and the index valuation has strong security. Considering that the current fundamentals are stable and improving,

The momentum and space for further downward movement are limited, and it is recommended to gradually increase positions at this position.