溢价风险！明日停牌1小时

Core Viewpoint - The A-share market experienced wide fluctuations on December 29, with the aviation sector rising against the trend, leading to a general increase in related ETFs [1] Group 1: Aviation Sector Performance - The aviation ETF, general aviation ETF, and military industry ETFs saw significant gains, with increases exceeding 2% [4] - Key aviation ETFs included: - Aerospace ETF: +5.15% - General Aviation ETF: +3.66% - Aviation ETF: +2.42% [5] - Factors driving the aviation sector included strong performance in commercial aerospace themes and positive sentiment from policy developments related to low-altitude economy and eVTOL commercialization [4][5] Group 2: ETF Trading Activity - The trading volume for the CSI A500 ETF remained robust, with several ETFs exceeding 10 billion yuan in trading volume [6] - Notable trading volumes included: - Short-term Bond ETF: 250.73 billion yuan - Yinhua Daily Profit ETF: 182.59 billion yuan - CSI A500 ETF by Huatai Baichuan: 137.98 billion yuan [7] - Last week, the CSI A500 ETF attracted over 10 billion yuan in net inflows, indicating strong investor interest [6][8] Group 3: Metal Sector Insights - The non-ferrous metal sector continued to show high prosperity, with the index rising over 90% year-to-date as of December 29 [10] - Factors contributing to this performance included geopolitical tensions, a weaker dollar, and recovering demand, which exceeded market expectations [10] - Analysts predict that the high prosperity of the non-ferrous metal sector will continue into 2026, driven by macroeconomic factors and expectations of shortages in industrial metals [10]