银行、煤炭等板块逆势走强，价值ETF（159263）标的指数连续3日上涨

Core Viewpoint - The A-share market experienced a collective decline in the afternoon, with value sectors such as banking and coal showing resilience, leading to an increase in related indices. The market is currently influenced by valuation and expectations due to the lack of high-frequency quarterly performance verification as it enters a performance gap period towards the end of the year [1]. Group 1 - The Guozheng Value 100 Index rose by 0.3%, while the Guozheng Free Cash Flow Index increased by 0.01%. In contrast, the Guozheng Growth 100 Index fell by 0.4% [1]. - The recent style switch and dispersion in the A-share market over the past two months are attributed to the upcoming performance gap period, which has led to increased market volatility primarily driven by valuation and expectations [1]. - Future performance of low-value styles may be strong if there are policy catalysts or inflows of resident funds [1].