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Closing summary-Market trend: Shanghai Composite Index closed at 3,461.50 yuan, up 29.01 yuan or 0.85% from the previous trading day. The market showed a trend of shock and rebound, with relatively stable fluctuations throughout the day and reduced amplitude compared with previous days.

Closing summary on December 12th, 2024 and stock market forecast for tomorrow.Closing summary on December 12th, 2024 and stock market forecast for tomorrow.-Macro factors: From a macro perspective, the Ministry of Human Resources and Social Security and other departments recently issued the Notice on the Full Implementation of the Personal Pension System. Since December 15, 2024, the implementation scope of the personal pension system has been expanded to the whole country, and the product range has been further enriched, which will bring long-term and stable capital inflows to the capital market and form a certain favorable support for the stock market as a whole. In addition, the central bank conducted a seven-day reverse repurchase operation of 66.1 billion yuan today, and the winning bid rate remained the same as before, maintaining a stable market liquidity.

-Other markets: domestic commodity futures closed in early trading, and most of the main contracts rose, with fuel oil, low-sulfur fuel oil and Shanghai nickel among the top gainers, while European container freight and live pigs fell.-Macro factors: From a macro perspective, the Ministry of Human Resources and Social Security and other departments recently issued the Notice on the Full Implementation of the Personal Pension System. Since December 15, 2024, the implementation scope of the personal pension system has been expanded to the whole country, and the product range has been further enriched, which will bring long-term and stable capital inflows to the capital market and form a certain favorable support for the stock market as a whole. In addition, the central bank conducted a seven-day reverse repurchase operation of 66.1 billion yuan today, and the winning bid rate remained the same as before, maintaining a stable market liquidity.On December 12, 2024, the domestic stock market showed a certain differentiation trend and characteristics. The following is a summary of the closing of the day and a forecast analysis of the stock market tomorrow.