股指日报：涨跌不一-20250428

Report Industry Investment Rating - Not provided Core View - The current trading core of the domestic market is policy expectations and external tariff disturbances. The A-share market's sensitivity to tariff policies has weakened, and domestic policies are expected to act according to tariff game progress and economic data. Before a change occurs, the volatile market is likely to continue. With the decline in trading volume today, the market sentiment is cautious, and the market is expected to remain cautious during the three - trading - day week before the holiday, with the stock index maintaining a volatile trend [6] Market Review - Today, stock indices showed mixed performance. Except for the Shanghai Stock Exchange 50 Index, all others closed down. The turnover of the two markets decreased by 572.58 billion yuan. In the futures index market, IH rose with shrinking volume, while other varieties fell with shrinking volume [4] Important Information - Fed Chairman Powell emphasized the central bank's independence from political intervention. The Fed is in a quiet period, and the market expects the Fed to keep interest rates unchanged for the third time. The IMF lowered the forecast of Asia's GDP growth rate to 3.9% this year and warned of further downward risks [5] - From January to March, the total profit of industrial enterprises above the designated size in China was 1509.36 billion yuan, a year - on - year increase of 0.8%. The National Development and Reform Commission said it has rich policy reserves and will speed up the implementation of measures to stabilize employment and the economy, with most policies to be implemented in the second quarter [5] Strategy Recommendation - Hold positions and wait and see [7] Futures Index Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main contract intraday change | -0.19% | 0.06% | -0.52% | -0.97% | | Trading volume (10,000 lots) | 6.872 | 3.6602 | 6.8008 | 18.786 | | Trading volume change | -1.3541 | -0.7492 | -1.2934 | -3.8222 | | Open interest | 244031 | 78966 | 199764 | 315511 | | Open interest change | -1592 | -3111 | -5259 | -7247 | [7][8] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index change (%) | -0.20 | | Shenzhen Component Index change (%) | -0.62 | | Ratio of rising to falling stocks | 0.30 | | Turnover of the two markets (billion yuan) | 10563.09 | | Turnover change (billion yuan) | -572.58 | [8]