请务必阅读报告正文后的重要声明部分 热门概念方面,当日收益率前五的分别为:光模块(CPO)指数(5.40%)、覆铜板 指数 (4.38%)、高频 PCB 指数 (3.26%)、通信设备指数 (2.71%)、券商指数 (2.25%)。 请务必阅读报告正文后的重要声明部分 图表 6: IH、IF、IC、IM基差走势 30 25 20 10 资料来源:Wind、麦高证券研究发展部 | --- | --- | --- | --- | --- | |-------------|------------------|----------|-------------|-----------| | 代码 | 名称 | 指数分类 | 收盘点位 | 涨跌幅(%) | | DJI. GI | 道琼斯工业指数 | 关股指数 | 38, 647. 10 | -0. 17 | | IXIC. GI | 纳斯达克指数 | 美股指数 | 17, 667. 56 | 0. 34 | | SPX. GI | 标普500 | 美股指数 | 5, 433. 74 | 0. 23 | | GDAXI. GI | 德国DAX | 德国指数 | 18, ...

Export Performance - In May 2024, China's export value reached $302.35 billion, a year-on-year increase of 7.6%[8] - Major trade partners like ASEAN and Hong Kong saw significant export growth, with ASEAN up 22.51% and Hong Kong up 10.24%[11] - The share of electromechanical products in exports is nearly 60%, with integrated circuits and mobile phones showing strong performance, recording increases of 28.47% and 8.13% respectively[25] Import Trends - In May 2024, China's import value was $219.73 billion, a year-on-year increase of 1.8%[8] - Imports of unrefined steel and copper maintained high growth rates of 29.18% and 17.34% respectively, while imports of crude oil and soybeans saw significant declines[30] - The trade surplus for May was $82.62 billion, an increase of $10.27 billion from the previous month[8] Market Outlook - The overall trade data for May indicates a sustained high level of export activity, supported by resilient external demand as reflected in the PMI of major economies[55] - The manufacturing sector is expected to continue its upward trend as developed economies enter a restocking phase and a cycle of interest rate cuts begins[55] - Risks include potential slower-than-expected recovery in major overseas economies and increasing geopolitical uncertainties[33]

图表 1: 2024年4月国内市场行情表现 ... ... ... ... ... ... ... 图表 12: 近一年备案私募基金数量 ... . 数据来源:wind、麦高证券研究发展部 联系电话:024-22955429 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------|-------------|---------------------|---------------------|-------------------|---------------------|-------------------|-------------------|-----------------| | 私募集喀 指數 | 当月 收益率 | 今年以来 累计收益率 | 近六个月 累计收益率 | 近一年 累计收益率 | 近六个月 年化波动車 | 近一年 年化波动率 | 近六个月 最大回搬 | 近一年 最大回搬 | | 沪深 300* | 1. 89% | 5.05% | 0. 89% | -10. 54% | 18. 24% | 1 ...

证券研究报告-宏观研究周报 撰写日期:2024年06月10日 上周国内主要新闻: 2. 5月财新中国制造业 PMI 录得 51.7,较4月上升 0.3%。 上周国际主要新闻: 2. 欧洲央行正式开启降息周期。 上周沪深两市总体维持弱势调整的态势,盘中各行业上涨动能较弱, 全周只有公用事业和交通运输行业上涨,其他行业均下跌,赚钱效应持续 走弱。全周量能略有放大,但仍处于低位水平,市场增量资金不足。北向 资金在经过前周净流出之后,上周转为资金净流入。国内方面,上周财新 公布了制造业和非制造业的 PMI 数据,虽然此前官方公布的制造业和非制 造业 PMI 双双下滑,但财新公布的数据均较上月上行,显示经济进一步修 复迹象明显。同时,海关总署公布了 5月份进出口数据,数据稳中向好, 特别是集成电路、船舶出口金额同比增长明显,数据表明目前整体经济基 本面呈现出稳步增长的态势。下周,美国将公布 CPI 数据,美联储将召开 议息会议,议息会议的方向将会对市场形成影响。因此,从盘面上看,A 股市场短期走势较弱,但随着制约市场因素的逐步缓解,市场抛压或将逐 步释放,市场或将有所修复。 麦高证券 研究发展部 相关研究 请务必阅读报 ...

证券研究报告-每日市场简报 撰写日期:2024年06月12日 麦高研究之每日市场观察(2024.06.12) 重要新闻:据中国证券报消息,商务部研究院发布了《"跨境电商+产 业带"高质量发展报告》。《报告》指出,在"跨境电商+产业带"中,跨境电 商与产业带是双向促进的关系。即跨境电商通过数字化、协同创新、精准营 销、智能物流等方式,形成立体联动的助力生态,推动产业带数字化、产品 创新、国际市场扩大、高效履约,形成优质供应链,进一步为我国跨境电商 高质量发展提供强大支撑。 今日 A 股重要市场指数简报:上证综指上涨 0.31%,收于 3037.47点, 深证成指上涨 0.08%,收于 9269.94点,创业板指下跌 0.44%,收于 1779.42 点,科创50下跌 0.12%,收于 754.93点,北证 50上涨 0.31%,收于 741.84 点,两市 A 股成交金额为 6940.46亿元。 今日规模风向标简报:万得全 A 上涨 0.43%,收于 4346.89点,上证 50 下跌 0.00%,收于 2423.61点,沪深 300 上涨 0.04%,收于 3544.12点, 中证 500 上涨 0.30%, ...

Group 1 - The report indicates that the A-share market experienced mixed performance, with the Shanghai Composite Index declining by 0.27% to close at 3078.49 points, while the Shenzhen Component Index increased by 0.07% to 9370.50 points [11][22]. - The ChiNext Index rose by 0.79% to 1819.46 points, and the STAR 50 Index increased by 0.97% to 750.43 points, indicating a positive trend in the growth sectors [11][22]. - The total trading volume in the A-share market reached 8337.03 billion, reflecting active market participation [11][22]. Group 2 - The report highlights the top-performing indices for the day, with the Continuous Board Index leading at 4.18%, followed by the Shipping Index at 3.18%, and the Memory Index at 2.81% [12]. - The report also notes that the overall market sentiment was negative, with a significant increase in the number of declining stocks, totaling 4401, compared to only 906 advancing stocks [47]. - The report mentions that the Wande All A Index fell by 0.53% to 4402.99 points, while the CSI 300 Index rose by 0.25% to 3588.75 points, indicating a divergence in performance among different market segments [19][44].

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.08% to close at 3051.28 points, while the Shenzhen Component Index fell by 0.90% to 9255.68 points. The ChiNext Index decreased by 2.16% to 1781.07 points, and the STAR 50 Index dropped by 0.71% to 737.93 points. The North Exchange 50 Index increased by 0.93% to 733.56 points. The total trading volume for A-shares reached 7190.04 billion [15][29]. Industry Performance - Among the industries, the top gainers were Environmental Protection (2.47%), Real Estate (2.11%), and Comprehensive (1.73%). Conversely, the industries with the largest declines included Electric Equipment (-1.99%), Food and Beverage (-1.07%), and Home Appliances (-0.84%) [3][21]. Concept Indices - The top-performing concept indices for the day included the Wind Micro-Stock Index, which rose by 5.60%, the Lithography Machine Index at 3.13%, the Gas Index at 3.03%, the Shipping Index at 2.15%, and Real Estate at 2.14% [16][33]. Market Sentiment - The market sentiment indicated a significant increase in the number of rising stocks, with 4118 stocks rising, an increase of 3609 from the previous trading day. The number of stocks that remained flat was 85, while 1158 stocks declined, a decrease of 3648 from the previous day [48]. Key Index Movements - The Wind All A Index increased by 0.13% to 4333.61 points, while the Shanghai 50 Index decreased by 0.43% to 2457.26 points, and the CSI 300 Index fell by 0.50% to 3574.11 points. The CSI 500 Index dropped by 0.38% to 5208.98 points, while the CSI 1000 Index rose by 0.44% to 5153.59 points. The CSI 2000 Index saw a notable increase of 1.83% to 1883.29 points [19][24]. 5G Industry Impact - The report highlighted the impact of the 5G industry, noting that as of April 2024, China had built 3.748 million 5G base stations. The 5G commercial rollout over the past five years has directly contributed 5.6 trillion yuan to the economy and indirectly boosted total output by approximately 14 trillion yuan, promoting high-quality economic and social development [23].

| --- | --- | --- | --- | --- | |------------|------------------|----------|-------------|-----------| | 代码 | 名称 | 指数分类 | 收盘点位 | 漆跌幅(%) | | DJI. GI | 道琼斯工业指数 | 美股指數 | 38, 807. 33 | 0. 25 | | IXIC. GI | 纳斯达克指数 | 美股指数 | 17, 187. 91 | 1.96 | | SPX. GI | 标 件500 | 美股指數 | 5, 354. 03 | 1. 18 | | GDAXI. GI | 终国DAX | 终国指数 | 18, 575. 94 | 0. 93 | | FCHI. GI | 法国CAC40 | 法国指數 | 8, 006. 57 | 0. 87 | | FTSE. GI | 英国富时100 | 英国指數 | 8, 246. 95 | 0. 18 | | IMOEX. MCX | 俄罗斯MOEX | 俄国指數 | 3, 212. 24 | 0. 79 | | N225. GI | 日 经22 ...

(2024. 05. 13-2024. 05. 17) 10. 00 5.00 0.00 -5.00 -10. 00 -15.00 -20.00 -25.00 -30.00 上证指数 深证成指 创业板指 科创50 北证50 ■周涨跌幅(%) ■月涨跌幅(%) ■年涨跌幅(%) 资料未源:Wind、麦高证券研究发展部 ●市盆率分位数(近十年) 港股市场行情回顾 每周市场回顾 图表 15:恒生 AH 股溢价指数跟踪 南向资金延续净买入趋势,全周累计净买入170.72亿元。沪市港股通 日均成交额 379.91 亿元,较上周日均增加 26.7%,沪市港股通历史累计资 金净流入升至 14626.80 亿元。深市港股通日均成交额 278.43 亿元,较上 周日均增加 32.65%,深市港股通历史累计资金净流入升至 12672.65 亿元。 3 A 股主要指数市盈率分析 每周市场回顾 7 资料来源:Wind、老高证券研究发展部 每周市场回顾 本周上证指数下跌 0.02%,收于 3154.03点,深证成指下跌 0.22%,收 于 9709.42点,创业板指下跌 0.70%,收于 1864.94点,科创 50 下跌 1.66% ...

公募基金月报(6月) 本月各因子间收益率都趋于平缓,也体现了在5月中下旬的"题材荒"。 股指期货方面,IH、IF、IC、IM年化贴水率加深,分别为 6.35%、5. 15%、 6. 11%、7.47%,从贴水率以及变化绝对值看,沪深 300指数相对强势,"国 九条"的影响还在持续,小盘代表指数 IM 相对较弱,在市值风格上,更加看 好大盘风格的表现。 风险提示:本报告对于基金产品的研究分析均基于历史公开信息,可 能受样本的变化而产生一定的分析偏差;此外,基金的历史业绩与表现不代 表未来;量化模型存在模型失效风险;本报告不涉及证券投资基金评价业 务,不涉及对基金产品的推荐。 分析师:钟奕昕 资格证书:S0650524030001 联系邮箱:zhongyixin@mgzq.com 联系电话:15800464258 《公募基金月报(5月)》2024.05.09 《公募基金月报(4月)》2024.04.22 | --- | --- | |------------------------------------------------------------------------------------------- ...