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On December 12th, the A-share market fluctuated all day, and the GEM index was relatively strong. At the close, the Shanghai Composite Index reported 3461.50 points, up 0.85%; Shenzhen Component Index reported 10,957.13 points, up 1.00%; Growth enterprise market index reported 2292.15 points, up 1.35%. The turnover of the Shanghai and Shenzhen stock markets on that day was 1,866.9 billion yuan, 90.5 billion yuan more than the previous trading day.The big financial sector, led by brokers, pulled up before noon yesterday, boosting the index further. At the close, Guosheng Financial Holdings and Guolian Securities had daily limit, while Harbin Investment and Southwest Securities rose more than 5%.Ctrip data shows that since the end of November, the sales of ice and snow travel products have started. In the past week, the search volume of "skiing" on the platform increased by 50% month-on-month, and the search popularity of ice and snow related products continued to rise in December.

A shares fluctuated higher, and the large consumer sector collectively strengthened.Looking forward to the market outlook, Guohai Securities said that the upside of the index has been opened, and Hong Kong stocks, as the leading indicator, may be more flexible with the blessing of the Fed's interest rate cut. Stylistically, the market is dominated by stages at the end of the year, and the SSE 50 is at a low level relative to the small-cap style. The recent value style is expected to remain strong driven by "insurance capital allocation+policy expectation".Huaxi Securities believes that in 2025, A-share earnings are expected to usher in an inflection point, with a high probability of technological growth assets, and revenue growth is expected to become the dominant factor in style allocation. The short-term "New Year's Market" has been launched, focusing on the value direction of the market before the year, and looking at the two main lines of domestic demand and advanced manufacturing after the year. It is expected that A shares will remain in a volatile state, and the "New Year's Market" configuration has a high winning rate.

The big consumption sector has become the strongest main line of the market.A shares fluctuated higher, and the large consumer sector collectively strengthened.The big consumption sector has become the strongest main line of the market.