每日市场观-20251201

Market Performance - On December 1, 2025, major A-share indices closed in the green, with the Shanghai Composite Index rising by 0.34%, the Shenzhen Component Index up by 0.85%, and the ChiNext Index increasing by 0.7%[1] - The total trading volume across both markets was 1.6 trillion yuan, slightly down from the previous trading day, with over 4,100 stocks rising, indicating sustained market activity[1] Sector Highlights - Lithium carbonate prices have rebounded over 70% from their year-to-date low, stabilizing above 100,000 yuan/ton, driven by a strong demand growth expectation of 30%-40% globally in 2026[1] - The lithium mining sector saw significant gains due to improved supply-demand dynamics, while banks, vitamins, and traditional Chinese medicine sectors experienced slight pullbacks[1] Policy and Industry Developments - The National Space Administration announced a three-year action plan for commercial aerospace, aiming to launch 156 satellites to build a space perception constellation, which is expected to boost related sectors[2] - The Ministry of Commerce is working to expand foreign investment market access, focusing on service sectors and enhancing the investment environment for foreign enterprises[8] Financial Trends - In November, the Shanghai Composite Index fell by 1.67%, ending a six-month streak of gains, while the ChiNext Index dropped by 4.23%[4] - On November 28, net inflows into the Shanghai and Shenzhen markets were 175.55 billion yuan and 156.54 billion yuan, respectively, with the top sectors for inflows being general equipment, batteries, and optical electronics[5] Fund Dynamics - The number of newly established index funds has surged by over 416% year-on-year, with 160 new products launched this year, driven by policy support and investor demand[15] - The issuance of dividend-themed funds has accelerated, with a total of 66.15 billion yuan raised in November alone, marking a monthly record for the year[16]