ETF日报|沪指险守3900点！地产午后狂飙，地产ETF（159707）超跌反弹3.73%！CPI同比创21个月新高，跨年行情将开启？

Market Overview - The A-share market showed mixed performance on December 10, with the Shanghai Composite Index down 0.23% and the Shenzhen Component Index up 0.29% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.78 trillion yuan, a decrease of over 120 billion yuan compared to the previous day [1] Sector Performance - The real estate sector saw a significant rebound, with the only ETF tracking the CSI 800 Real Estate Index (159707) rising by 3.73%, leading the market [1][5] - The non-ferrous metals sector was also active, with the Non-Ferrous Metals Leading ETF (159876) increasing by 1.11% [1][6] - The agriculture, animal husbandry, and fishery sector experienced a surge, with the corresponding ETF (159275) rising by 1.03% [1] - The AI industry chain continued to perform well, with the AI ETF (159363) reaching a new high [1] - The commercial aerospace concept stocks were active, with the Defense and Military Industry ETF (512810) closing up 0.85%, marking a near one-month high [1][14] Economic Indicators - The National Bureau of Statistics reported that the Consumer Price Index (CPI) in November decreased by 0.1% month-on-month but increased by 0.7% year-on-year, marking the highest level in 21 months [2] - The increase in CPI was attributed to reduced tailing factors and rising food prices, indicating a steady recovery in demand [2] Future Outlook - Guotai Junan Securities predicts that the Chinese stock market may enter a new upward phase, with a window for policy, liquidity, and fundamentals to resonate from December to February [3] - Galaxy Securities maintains a long-term positive outlook for the A-share market, citing regulatory adjustments that will release more insurance funds into the market [4] Investment Strategies - Citic Securities suggests that 2026 may be a critical year for real estate companies to repair their balance sheets, recommending a focus on core areas and quality properties [6] - The Non-Ferrous Metals Leading ETF (159876) has seen significant net inflows, reflecting investor confidence in the sector's future performance [6][7] - The Defense and Military Industry ETF (512810) is highlighted as a key investment tool, covering various themes including commercial aerospace and low-altitude economy [18]