With the recent continuous market turbulence, A-share valuations are already at a relatively low level, and listed companies are actively carrying out repurchases. As of November 8, the repurchase amount of A-share listed companies has exceeded 33 billion yuan since October, and the repurchase amount of the Ningde Era has exceeded 5 billion yuan. Analysts believe that the current valuation and sentiment of the A-share market are close to the bottom threshold of previous markets, and the bottom structure may be relatively sufficient. However, it is still in the stage of repeated refinement, and the conditions for a trend reversal are not yet fully met. In the future, we need to focus on observing key signals such as policy, US bond yields, and trading volume.

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