Group 1 - The core viewpoint indicates that the market is currently in a bull market consolidation phase, characterized by high capital flow into low volatility stocks and a horizontal index movement with reduced trading volume [1] - The China Securities Index shows that the CSI Dividend Low Volatility Index increased by 0.4%, while the CSI Dividend Index and CSI Dividend Value Index both decreased by 0.2% [1] - The market is supported by structural prosperity and ample liquidity, suggesting limited downside potential [1] Group 2 - The banking, coal, and transportation sectors collectively account for nearly 55% of the high dividend yield A-share market, with the banking sector having a significant weight [3] - The rolling price-to-earnings ratio for the CSI Dividend Index is reported at 8.7 times, with a valuation percentile of 78.7% since its inception [3] - The market is advised to focus on dividend styles towards the end of the year, with a shift in investment style already underway [1]
红利板块震荡分化，恒生红利低波ETF（159545）全天获1500万份净申购
Sou Hu Cai Jing·2025-11-20 10:42