Market Overview - The market experienced fluctuations in the morning session, with the ChiNext Index leading the decline and the CSI A500 Index down by 0.23% [1] - Consumer stocks, particularly in the liquor sector, showed signs of rebound, while non-ferrous metal concept stocks strengthened [1] - High-priced stocks underwent significant adjustments [1] ETF Performance - As of the morning close, 39 ETFs tracking the CSI A500 Index saw slight declines, with 14 of them having transaction volumes exceeding 100 million yuan, and 3 surpassing 3.2 billion yuan [1] - The transaction amounts for A500 ETFs were as follows: A500 ETF Fund at 4.669 billion yuan, A500 ETF Huatai-PB at 3.697 billion yuan, and A500 ETF Southern at 3.21 billion yuan [1] Market Outlook - According to brokerage firms, three main drivers—residential savings transfer, policy dividend release, and profit cycle recovery—remain solid for the medium to long term, suggesting a potential continuation of a gradual upward trend [1] - The short-term outlook for the A-share market is expected to be characterized by steady fluctuations and upward movement, with close attention needed on policy, capital flow, and external market changes [1]