证券ETF龙头(159993)涨近1%，机构称理性看待短期ADT提升弹性，持续看好市场机会

Group 1 - The core viewpoint of the news highlights that the trading volume in the Shanghai and Shenzhen markets has exceeded 2.5 trillion yuan for five consecutive trading days, with an expected total trading amount of over 3.6 trillion yuan for the day [1] - Current market conditions indicate that the influx of funds is still in its early stages, predominantly driven by individual investors, with a relatively high turnover rate for personal funds [1] - Compared to the institutional-led phase from 2019 to 2021, the current turnover rate has reached a relatively high point, and there is potential for the average daily trading (ADT) to reach a high of 4 trillion yuan, similar to the individual-led phase from 2014 to 2015 [1] Group 2 - The market is expected to maintain a bullish sentiment supported by fundamental and financial conditions, with improved sector balance and rotation [1] - The securities and IT sectors are anticipated to benefit from sustained fundamentals and low valuations, indicating potential for valuation elasticity [1] - The National Securities Leading Index (399437) has shown a strong increase of 1.16%, with notable gains in constituent stocks such as Tianfeng Securities (up 4.43%) and Dongfang Caifu (up 3.56%) [1] Group 3 - The Securities ETF closely tracks the National Securities Leading Index, reflecting the market performance of quality listed companies in the securities theme [2] - As of December 31, 2025, the top ten weighted stocks in the National Securities Leading Index account for 79.13% of the index, including companies like Dongfang Caifu and CITIC Securities [2]