算力与商业航天引领市场！多只ETF单日涨超2%

Market Performance - On December 8, the A-share market experienced a significant increase, with the Shanghai Composite Index rising by 0.54% to 3924.08 points, the Shenzhen Component Index up by 1.39% to 13329.99 points, and the ChiNext Index soaring by 2.60% [1] - The total trading volume exceeded 2 trillion yuan, indicating a notable increase compared to the previous trading day [1] Sector Focus - Market capital flowed into two main sectors: optical communication, represented by computing power chains, and commercial aerospace, with CPO concept stocks showing particularly strong performance [1] - Leading stocks such as Zhongji Xuchuang and Tianfu Communication reached historical highs, reflecting the robust demand for AI computing power [1] - The commercial aerospace sector was active due to multiple catalysts, including policy support, technological advancements, and performance improvements, with stocks like Aerospace Power and Aerospace Engineering hitting the daily limit [1] ETF Performance - Several ETFs under GF Fund performed exceptionally well, with 12 products rising over 2%, covering various technology growth sectors such as communication, cloud computing, and the ChiNext market [1] - The GF ChiNext ETF (159952) recorded a daily increase of 2.60%, with its tracked index's top ten weighted stocks including leading stocks from the current market rally, achieving a year-to-date increase of 49% [1] - The GF ChiNext ETF has a current scale of 14 billion yuan and a low annual fee rate of 0.20%, making it an effective tool for investors to gain exposure to the technology growth sector [1] Valuation Insights - The current price-to-earnings ratio (TTM) of the ChiNext Index is approximately 39.8 times, positioned at about 38% of its historical percentile over the past decade, indicating a favorable margin of safety and potential for recovery [2] - With the ongoing AI industry wave and domestic policies promoting technological self-reliance, the profitability of ChiNext companies is expected to gradually recover, leading to a dual catalyst of "valuation recovery" and "growth premium" for the index [2] Future Outlook - According to Zhongyin International, the market is currently supported by capital and policy, remaining in an upward trend [3] - The A-share market is expected to continue its bull market next year, supported by valuation and stable earnings, with a potential early start to the cross-year allocation [3] - The investment focus is anticipated to shift towards "critical" areas such as storage and power, as well as AI applications driven by the AI interaction revolution [3]