杠杆资金入场热情回升，12月首日再现单日逾百亿融资净买入

Core Viewpoint - The A-share market experienced a positive start in December, with all three major indices rising and trading volume increasing significantly, indicating a recovery in market sentiment and investor participation [1] Market Performance - On the first trading day of December, the total trading volume reached 1.87 trillion yuan, up from 1.59 trillion yuan on November 28, marking a notable increase [1] - This increase in trading volume reversed the declining trend observed in late November [1] Leverage Fund Activity - The enthusiasm for leveraged funds has rebounded, with the latest data showing that as of December 1, the financing balance on the Shanghai Stock Exchange was 1.249 trillion yuan, the Shenzhen Stock Exchange was 1.211 trillion yuan, and the Beijing Stock Exchange was 75.69 billion yuan, totaling 2.467 trillion yuan, an increase of 10.21 billion yuan since November 28 [1] - This marks the first occurrence of a net financing inflow exceeding 10 billion yuan in a single day since October 29 [1] Historical Context - In November, the attitude of leveraged funds was notably cautious, with the total financing balance across the market at 2.456 trillion yuan as of November 28, a decrease from 2.469 trillion yuan on October 31 [1] - During November, there were 19 trading days, with 9 days showing net financing outflows, and no day recorded a net financing inflow exceeding 10 billion yuan, contrasting sharply with the more active participation of leveraged funds observed in the second half of the year [1]