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A股市场快照：宽基指数每日投资动态-20250423
江海证券·2025-04-23 11:00
  • The report tracks the performance of various broad-based indices in the A-share market, including the daily, weekly, monthly, and yearly changes in their values. For instance, on April 22, 2025, most indices declined except for the SSE 50, which rose by 0.14%[3][12][14] - The report compares the indices with their moving averages and their positions relative to the highs and lows of the past 250 trading days. For example, the SSE 50 fell below its 5-day moving average, while all tracked indices remained above their 10-day moving averages[17][19] - The report analyzes the trading volume and turnover rates of the indices. On April 22, 2025, the CSI 2000 had the highest trading volume share at 29.84%, followed by the CSI 1000 at 22.86% and the CSI 300 at 19.47%[21] - The report examines the distribution of daily returns for the indices, noting that the ChiNext Index had the highest positive skewness and kurtosis, indicating a higher concentration of returns in certain ranges and an increased likelihood of extreme positive returns[26][28] - The report evaluates the risk premiums of the indices relative to the 10-year government bond yield. On April 22, 2025, the SSE 50 and CSI 300 had relatively high 5-year percentile risk premiums at 57.62% and 50.0%, respectively, while the CSI 500 and ChiNext Index had lower values at 36.03% and 30.08%[31][32][33] - The report assesses the PE-TTM (Price-to-Earnings Trailing Twelve Months) ratios of the indices as a valuation metric. The CSI 500 and CSI 1000 had relatively high 5-year percentile values at 78.68% and 62.48%, respectively, while the CSI 300 and ChiNext Index had lower values at 49.42% and 21.4%[36][39][43][44] - The report tracks the dividend yields of the indices, noting that the CSI 300 and CSI All Share had relatively high 5-year percentile values at 97.11% and 95.95%, respectively, while the CSI 2000 and CSI 500 had lower values at 83.97% and 70.08%[47][51][53][54] - The report monitors the price-to-book ratios of the indices, indicating the proportion of stocks trading below their book value. As of the report date, the SSE 50 had the highest percentage of stocks trading below book value at 26.0%, while the ChiNext Index had the lowest at 3.0%[55]