上穿20日均线，航空航天ETF（159227）企稳反弹，全市场规模最大空天国防类ETF

Group 1 - The A-share market experienced a collective pullback on September 26, with the military industry showing signs of stabilization after a significant adjustment in early September. The aerospace ETF (159227) rose by 1.06%, surpassing the 20-day moving average, with a trading volume of 62.53 million yuan, leading its category. Key stocks such as Aerospace Technology surged over 7% [1] - The military industry is heavily influenced by five-year plans, which significantly impact operational and market expectations. The execution of the "14th Five-Year" plan is entering a critical phase for capability integration and delivery, with order demand expected to accelerate [1] - Dongfang Securities anticipates sustained growth in equipment demand over the long term. The gradual implementation of the "15th Five-Year" plan is expected to present new development opportunities for China's military industry, driving technological innovation, equipment upgrades, and optimization of the industrial structure across the entire military supply chain [1] Group 2 - The aerospace ETF (159227) closely tracks the National Aerospace Index, focusing on core military aerospace sectors. It has a high concentration, with the Shenwan first-level military industry accounting for 97.96%, making it the highest "military purity" index in the market. The weight of aerospace equipment in its constituent stocks is 65.4%, significantly surpassing the China Securities Military and National Defense indices [2] - As the largest aerospace and national defense ETF product in the market, this ETF serves as an efficient tool for investing in leading military stocks [2]