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上周股市企稳，资金继续流入权重指数托市
Great Wall Securities·2025-04-21 12:07

Group 1: Market Overview - The domestic stock indices showed mixed performance last week, with the CSI 300, SSE 50, and SSE Composite Index rising by 0.59%, 1.45%, and 1.19% respectively, while the CSI 500, CSI 1000, and ChiNext Index fell by -0.37%, -0.52%, and -0.64% respectively [2][9] - The style indices also exhibited mixed results, with financial, cyclical, consumer, growth, and stability style indices changing by 2.76%, 0.35%, -0.05%, -0.54%, and 1.10% respectively [2][9] - The trading volume of the comprehensive ETF last week was 1014.99 billion yuan, a decrease of 1255.55 billion yuan from the previous week [27] Group 2: ETF Performance - Among the 32 thematic ETFs, the average weekly change was -0.10%, with large-cap style ETFs averaging a weekly change of 1.14% and small-cap style ETFs averaging -1.04% [3][28] - The top three performing comprehensive ETFs were the 50ETF, 300ETF, and another 300ETF, with changes of 1.61%, 0.86%, and 0.80% respectively, while the bottom three were ChiNext, 1000ETF, and 500ETF, with changes of -0.74%, -0.47%, and -0.41% respectively [4][32] - In the thematic ETFs, the top performers were the banking ETF, real estate ETF, and financial ETF, with changes of 4.03%, 3.25%, and 2.92% respectively [32] Group 3: Fund Flows - The comprehensive ETFs continued to see inflows, particularly in the SSE 50, CSI 300, CSI 500, and CSI 1000, indicating ongoing support for these weighted indices [32] - In the thematic sectors, there was notable inflow into banking, real estate, and pharmaceutical sectors, suggesting a bottom-fishing strategy by investors [32] Group 4: Bond and Commodity Markets - In the bond market, the Shanghai Stock Exchange convertible bonds fell by -0.43%, while the pure bond indices showed slight increases of 0.02%, 0.06%, and 0.08% for government, corporate, and local government bonds respectively [16][17] - The commodity market showed mixed results, with the Nanhua precious metals index, CRB commodity index, and CRB poultry spot changing by 3.64%, 2.05%, and 1.88% respectively [19][22]