Galaxy Securities: The market enters a key window for the layout of the New Year, paying attention to the small restless market before and after New Year's Day.

China Galaxy Securities pointed out that in the short term, affected by the phase tightening of liquidity at the end of the year and the repeated expectations of overseas monetary policies, the market may continue to experience a volatile structure, with sector rotation happening at a faster pace. As 2026 is about to begin, the A-share market enters a key window for year-end layout, focusing on the small market movements around New Year's Day. As the year 2026 marks the beginning of the "Fifteenth Five-Year Plan," the pace of policy dividend release is expected to be relatively early, and structural opportunities will focus on the track of policy guidance and industrial prosperity resonance, with the later spring market movements worth looking forward to.