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每日复盘-2025-03-26
Guoyuan Securities·2025-03-26 14:45

Market Performance - On March 26, 2025, the three major indices experienced slight declines: Shanghai Composite Index down 0.04%, Shenzhen Component Index down 0.05%, and ChiNext Index down 0.26%[2] - The total market turnover was 11,540.76 billion CNY, a decrease of 1,039.25 billion CNY from the previous trading day[2] - Out of 5,290 stocks, 3,602 rose while 1,688 fell, indicating a generally positive market breadth despite the index declines[2] Sector and Style Analysis - The top-performing sectors included Comprehensive (up 2.18%), Agriculture, Forestry, Animal Husbandry and Fishery (up 1.65%), and Automotive (up 1.31%)[22] - Conversely, the weakest sectors were Banking (down 1.43%), Non-ferrous Metals (down 0.35%), and Steel (down 0.28%)[22] - In terms of investment style, cyclical stocks outperformed, followed by consumer and growth stocks, while financials lagged behind[22] Capital Flow - On March 26, 2025, the net outflow of main funds was 132.46 billion CNY, with large orders seeing a net outflow of 139.74 billion CNY and small orders continuing to see inflows of 197.44 billion CNY[26] - Southbound capital saw a net inflow of 83.68 billion HKD, with 50.77 billion HKD from the Shanghai-Hong Kong Stock Connect and 32.91 billion HKD from the Shenzhen-Hong Kong Stock Connect[28] ETF Trading Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw changes in trading volume, with the former increasing by 5.32 billion CNY and the latter by 6.51 billion CNY[31] - The total trading volume for ETFs on March 26 was significantly lower compared to the previous day, indicating a cautious market sentiment[31] Global Market Overview - On March 26, 2025, major Asia-Pacific indices closed higher, with the Hang Seng Index up 0.60% and the Nikkei 225 up 0.65%[34] - European indices also showed positive performance on March 25, with the DAX up 1.13% and the CAC40 up 1.08%[35] - In the US, major indices experienced slight gains, with the Dow Jones Industrial Average up 0.01% and the S&P 500 up 0.16%[35]