两市成交额温和放量逼近3万亿大关！证券ETF(159841)倒车接人，标的指数两连阳后回调蓄势

Core Insights - The securities ETF (159841) turnover reached 4.51% with a transaction volume of 4.54 billion yuan, while the tracked CSI All Share Securities Index (399975) fell by 1.48% [1] - The A-share market saw a significant increase in new accounts, with 2.6 million new accounts opened in December 2025, marking a 30.54% year-on-year increase [2] - A-share companies distributed over 2.6 trillion yuan in dividends in 2025, setting a new historical record for annual dividends [2] Market Activity - The trading volume in the Shanghai and Shenzhen markets reached 2.85 trillion yuan on January 7, 2026, an increase of 476 billion yuan from the previous trading day, marking the second consecutive day of surpassing 2.8 trillion yuan [1] - The securities industry is expected to maintain high activity levels, with the securities ETF (159841) positioned to capitalize on investment opportunities in the sector [1] Institutional Perspectives - Huaxi Securities anticipates that 2026 will be a "big year" due to multiple positive factors, with a solid foundation for a bull market and an early onset of spring market activity [2] - The macroeconomic policy environment is favorable, with coordinated fiscal and monetary policies expected to enhance market liquidity [2] - Institutional funds, particularly from stock ETFs, are expected to drive market trends, supported by foreign capital inflows and a narrowing decline in PPI, which may lead to a mild recovery in corporate profits [2]