摘要 重要新闻:据中国证券报消息,6月4日,上海市政府举行新闻发布 会,介绍 2024 陆家嘴论坛有关情况。上海将尽快出台全球金融科技中心新 一轮建设方案,筹建国际金融资产交易平台,创新人民币计价的国际化期货 期权品种。本届论坛期间,证监会将发布资本市场的相关政策措施,还将与 上海市人民政府共同建立资本市场支持上海加快"五个中心"建设的协作工 作机制。 今日A股重要市场指数简报:上证综指下跌 0.83%,收于 3065.40点, 深证成指下跌 0.80%,收于 9393.61点,创业板指下跌 0.54%,收于 1833.55 点,科创50下跌0.21%,收于 752.04点,北证 50下跌 1.28%,收于 746.65 点,两市 A 股成交金额为 6913. 16 亿元。 麦高证券 研究发展部 证券研究报告-每日市场简报 撰写日期:2024年06月05日 麦高研究之每日市场观察(2024.06.05) 今日规模风向标简报:万得全 A 下跌 1.03%,收于 4379.63点,上证 50 下跌 0.61%,收于 2468.19点,沪深 300下跌 0.58%,收于 3594.79点, 中证 500 下跌 1. ...

证券研究报告-每日市场简报 撰写日期:2024年06月04日 今日 A 股重要市场指数简报:上证综指上涨 0.41%,收于 3091.20点, 深证成指上涨 1.05%,收于 9469.32点,创业板指上涨 1.33%,收于 1843.59 点,科创50上涨0.43%,收于 753.64点,北证 50上涨 0.13%,收于 756.36 点,两市A股成交金额为7487.90亿元。 摘要 今日规模风向标简报:万得全 A上涨 0.50%,收于 4425.05点,上证 50 上涨 0.58%,收于 2483.32点,沪深 300 上涨 0.75%,收于 3615.67点, 中证 500 上涨 1.29%,收于 5341.95点,中证 1000上涨 0.55%,收于 5313.71 点,中证 2000下跌 0.99%,收于 1968.06点,万得微盘股指数下跌 2.89%, 收于 218742. 72点。 风险提示:量化结论基于历史统计,如若未来市场环境发生变化时, 存在失效风险。 麦高证券 研究发展部 分析师:胡晓璐 资格证书: S0650523100002 联系邮箱:huxiaolu@mgzq.com 联系电话: ...

每周市场回顾 本周恒生指数下跌2.84%,收于18079.61点,恒生科技指数下跌2.86%, 收于 3690.76点,恒生中国企业指数下跌 3.22%,收于 6392.58点,恒生港 股通中小型股下跌 1.36%,收于 2328.00点。 风险提示:量化结论基于历史统计,如若未来市场环境发生变化时, 存在失效风险。 联系人:林永绿 资格证书:S0650123040001 联系邮箱:linyonglv@mgzq.com 联系电话:15000307034 每周市场回顾 每周市场回顾 价值风格类板块代表指数上证 50、中证 100、沪深 300 分别下跌 0.49%、下跌 0.70%、下跌0.60%,成长风格类板块代表指数中小 100、中证 500、中证 1000、中证 2000 分别上涨 0.17%、下跌 0.09%、上涨 0.10%、上涨 0.01%。 4 当前上证指数市盈率(TTM)为 13.56,处于近十年的48.97%分位数,深证成指 市盈率(TTM)为 22.07,处于近十年的 20.60%分位数,创业板指市盈率(TTM)为 27.74, 处于近十年的 3.54%分位数。 PE (TTM) 本周日均成 ...

4. 澳大利亚政府5月28日发布首份"国家机器人技术战略"。 请务必阅读报告正文后的重要声明部分 风险提示:政策不及预期,国际贸易政策风险,地缘政治冲突风险。 一周主要新闻汇总 g g 3 国际信用评级机构标准普尔5月31日发布报告,将法国主权信用评级从 "AA"下调至"AA一",评级展望为"稳定"。报告说,下调法国主权信用评级 是因为预计法国政府一般债务占国内生产总值(GDP)比例将上升,到 2027年将达到 112.1%,高于 2023年的 109.0%。目前,法国政府一般债 务占 GDP 比例居欧元区第三,仅次于希腊和意大利。 宏观市场周报(20240527-20240531) 上周国内主要新闻: 证券研究报告-宏观研究周报 撰写日期:2024年06月04日 1. 中共中央政治局召开会议,审议《新时代推动中部地区加快崛起 的若干政策措施》《防范化解金融风险问责规定(试行)》。 2. 国家集成电路产业投资基金三期于5月24日成立。 3. 国务院印发《2024-2025年节能降碳行动方案》。 4. 国家统计局5月27日发布 1-4月全国规模以上工业企业利润。 国家统计局发布制造业 PMI、非制造业 PMI ...

Group 1: Market Overview - Long-term investment opportunities in gold remain promising due to potential shifts in Federal Reserve monetary policy, with expectations of a downward trend in long-term U.S. Treasury yields[2] - As of May 31, 2024, SPDR Gold ETF holdings were approximately 832.21 tons, unchanged from the previous week, while iShares Gold ETF holdings decreased by 0.26 tons to 381.20 tons[8] - Gold prices experienced fluctuations driven by inflation data and Federal Reserve policy expectations, with the April core PCE price index showing a year-on-year increase of about 2.8%, the lowest since April 2021[11] Group 2: Federal Reserve and Economic Indicators - Market expectations for a June interest rate cut are around 4.4%, with a 95.6% probability of maintaining the current rate[57] - As of May 31, 2024, the CME Fedwatch tool indicated an 83.8% probability of no rate change in July and a 47.0% probability of a 25 basis point cut in September[57] - The S&P 500 volatility index (VIX) recorded 12.92 points as of May 31, 2024, reflecting increased market uncertainty due to geopolitical risks[59] Group 3: Gold Market Dynamics - As of May 28, 2024, CFTC COMEX non-commercial net long positions in gold rose by 6,779 contracts to 236,585 contracts[16] - Global central bank gold reserves totaled 35,938.91 tons as of May 2024, with a year-to-date increase of 111.41 tons despite a monthly decrease of 37.30 tons[63] - China's central bank gold reserves increased by 4.98 tons to 2,262.45 tons, marking 17 consecutive months of accumulation[63]

Market Overview - The Shanghai Composite Index decreased by 0.62%, closing at 3091.68 points, while the Shenzhen Component Index fell by 0.32% to 9384.72 points. The ChiNext Index saw a slight increase of 0.12%, closing at 1813.15 points, and the STAR 50 Index rose by 1.14% to 742.70 points. The North Exchange 50 dropped by 1.41%, closing at 771.59 points. The total trading volume of A-shares reached 7266.97 billion [2][5]. Sector Performance - Among the major sectors, the defense and military industry led with a gain of 1.68%, followed by electronics at 1.59% and automotive at 0.47%. Conversely, the non-ferrous metals sector experienced the largest decline at -3.25%, followed by real estate at -2.33% and coal at -1.92% [25]. Hot Concepts - The top five performing hot concepts for the day included Hong Kong semiconductor and semiconductor production equipment with a return of 2.91%, followed by the lithography machine index at 2.79%, the National Big Fund index at 2.54%, the satellite internet index at 2.49%, and the semiconductor index at 2.32% [3][28]. Cross-Border E-commerce - Cross-border e-commerce and overseas warehouses have gained significant policy support in recent years. In the first quarter of this year, Shenzhen's cross-border e-commerce import and export volume exceeded 110 billion, marking a year-on-year growth of over 95%, setting a new record for the same period [10].

Economic Policy and Market Trends - President Xi Jinping emphasized the need for comprehensive reform to advance Chinese-style modernization, aiming to eliminate systemic barriers and enhance economic dynamism[1] - The recent real estate policies are expected to stimulate high-quality development in the sector, boosting domestic consumption and aiding economic recovery[8] Market Performance - Last week, the main indices in the Shanghai and Shenzhen markets experienced declines, with the Shanghai Composite Index falling by 2.07% to 3088.87 points[13] - The net outflow of major funds reached 112.34 billion yuan, a significant increase from the previous week's outflow of 66.39 billion yuan[3] Sector Analysis - Only the utilities sector saw a net inflow of funds, while sectors like electronics, computers, and real estate faced substantial outflows[3] - The coal sector recorded a modest gain of 2.19%, while the real estate sector dropped by 5.26%[20] Investment Climate - The net inflow of northbound funds decreased to 8.35 million yuan, indicating a tightening liquidity environment[13] - The recent introduction of stringent regulations on shareholder share reductions aims to maintain market order and protect investor interests[8] International Context - U.S. inflation and employment pressures have eased, reducing the likelihood of immediate impacts on the domestic market from U.S. monetary policy changes[8] - China's foreign non-financial direct investment grew by 18.7% year-on-year in the first four months, indicating a stable investment environment[28]

撰写日期：2024 年 05 月 20 日 1. 国家统计局 5 月 11 日发布我国 4 月份 CPI 和 PPI 数据。 2. 5 月 17 日，财政部公开招标发行 2024 年首只超长期特别国债。 3. 港交所于 5 月 13 日不再披露北向交易实时成交额及每日额度余额 调整。 4. 国家主席习近平同俄罗斯总统普京举行会谈。 5. 中国 4 月份经济"成绩单"出炉。 6. 央行打出优化住房金融政策组合拳，还有一波楼市重磅政策将发 布。 一周市场回顾： 分析师：徐滢 资格证书：S0650511010002 | --- | --- | |-----------------------------------------------------|-----------| | | | | 相关研究 | | | 《宏观市场周报（ 20240505- | | | 20240510）》2024.05.14 《黄金周度观察—— 2024 年第 | 20 周》 | | 2024.05.13 《宏观市场周报（ 20240429- | | | 20240505）》2024.05.08 《黄金周度观察—— 2024 年第 | ...

Market Overview - The Shanghai Composite Index rose by 1.14%, closing at 3124.04 points, while the Shenzhen Component Index increased by 0.88% to 9507.75 points. The ChiNext Index saw a rise of 0.68%, closing at 1830.96 points, and the STAR Market 50 Index increased by 1.57% to 738.65 points. The North Exchange 50 Index rose by 0.46% to 787.69 points. The total trading volume of A-shares in both markets was 7783.86 billion [21][25]. Market Sentiment - The number of stocks that rose reached 3397, an increase of 2084 from the previous trading day. The number of stocks that fell decreased to 1760, down by 2090. The number of stocks hitting the daily limit up was 45, while those hitting the limit down increased to 51 [8][22]. Sector Performance - Among the major sectors, the electronic sector led with a rise of 2.14%, followed by coal at 2.05% and transportation at 1.70%. The sectors with the largest declines were construction materials at -0.65%, real estate at -0.12%, and comprehensive at -0.07% [31]. Capital Flow - The net inflow of northbound funds amounted to 27.48 billion, with the Shanghai Stock Connect seeing a net buy of 24.28 billion and the Shenzhen Stock Connect a net buy of 3.20 billion [21][25]. M&A Activity - As of May 26, 121 listed companies have updated significant restructuring announcements this year, significantly higher than the 45 from the same period last year. The report highlights three trends: industry consolidation becoming mainstream, the diminishing value of "shell" resources, and technology-driven central state-owned enterprises leading M&A activities. The report anticipates continued activity in A-share M&A as policy benefits are released and market ecology improves [23].

证券研究报告—每周市场回顾 撰写日期：2024 年 05 月 27 日 每周市场回顾 本周上证指数下跌 2.07%，收于 3088.87 点，深证成指下跌 2.93%，收 于 9424.58 点，创业板指下跌 2.49%，收于 1818.56 点，科创 50 下跌 3.61%， 收于 727.21 点，北证 50 下跌 0.80%，收于 784.07 点。 本周恒生指数下跌4.83%，收于18608.94点，恒生科技指数下跌7.61%， 收于 3799.47 点，恒生中国企业指数下跌 4.75%，收于 6605.24 点，恒生港 股通中小型股下跌 4.65%，收于 2360.12 点。 本周北向资金净流入，全周累计净流入 8.35 亿元。沪股通日均成交额 604.16 亿元，较上周日均减少 4.83%，沪股通历史累计资金净流入升至 10292.25 亿元。深股通日均成交额 585.87 亿元，较上周日均减少 4.17%， 深股通历史累计资金净流入降至 8277.61 亿元。 麦高证券 研究发展部 （2024.05.20-2024.05.24） 投资要点： 当前上证指数市盈率（TTM）为 13.54，处于近十年 ...