A股市场快照：宽基指数每日投资动态-20250422

• The report tracks the performance of broad-based indices, highlighting that on April 21, 2025, indices such as CSI 2000 (2.29%) and CSI 1000 (2.07%) had the highest daily gains, while SSE 50 (-0.18%) declined [3][15][16] - All tracked indices exceeded their 5-day and 10-day moving averages, but most remained below their 20-day moving averages, with CSI 500, CSI 1000, and ChiNext showing significant deviations from longer-term averages, indicating potential reversal momentum [19][20] - CSI 2000 had the highest trading volume share at 29.67%, followed by CSI 1000 (22.15%) and CSI 300 (20.14%), with turnover rates ranging from 0.2% (SSE 50) to 3.49% (CSI 2000) [5][22] - Daily return distributions show that ChiNext had the highest positive skewness and kurtosis, indicating concentrated returns and increased extreme positive outcomes, while CSI 2000 had the lowest skewness and kurtosis [28][29] - Risk premium analysis reveals CSI 2000 (94.44%) and CSI 1000 (93.65%) had the highest 5-year percentile values, while SSE 50 (43.73%) and CSI 300 (65.63%) were lower, reflecting relative investment attractiveness [31][32][34] - PE-TTM values indicate CSI 500 (79.42%) and CSI 1000 (62.4%) are near high historical percentiles, suggesting elevated valuations, while CSI 300 (47.6%) and ChiNext (21.9%) are relatively undervalued [44][45] - Dividend yield analysis shows CSI 300 (98.43%) and CSI All Index (96.03%) are at high historical percentiles, while CSI 2000 (84.05%) and CSI 500 (70.91%) are lower, reflecting varying levels of cash return attractiveness [52][54][55] - Current net asset break rates indicate SSE 50 (26.0%) has the highest rate, followed by CSI 300 (19.0%) and CSI 500 (15.4%), with ChiNext (3.0%) being the lowest, reflecting market valuation attitudes [56]