建信期货股指日评-20250430

Group 1: Report Overview - Report Type: Stock Index Daily Review [1] - Date: April 30, 2025 [2] - Researchers: Nie Jiayi, He Zhuoqiao, Huang Wenxin [3] Group 2: Market Performance 2.1 Index Spot - On April 29, the Wind All A index rose with lower trading volume, opening lower, rising, and then moving in a volatile manner, closing up 0.20%, with over 60% of stocks rising. Among the index spots, the CSI 300 and SSE 50 opened lower, rose, and then declined, closing down 0.17% and 0.22% respectively; the CSI 500 and CSI 1000 rose 0.12% and 0.45% respectively, indicating stronger performance of small and medium - cap stocks [6]. 2.2 Index Futures - The IH main contract performed weaker than the spot, closing down 0.26%. The IF, IC, and IM main contracts performed stronger than the spot. The IF closed down 0.16%, while the IC and IM closed up 0.30% and 0.78% respectively (calculated based on the previous trading day's closing price) [6]. 2.3 Sector Performance - The beauty care, machinery equipment, and media sectors led the gains, rising 2.60%, 1.44%, and 1.27% respectively. The public utilities, comprehensive, and petroleum and petrochemical sectors led the losses, with declines of 1.78%, 0.97%, and 0.55% respectively [6]. Group 3: Market Data - The report provides detailed data on index futures and spot, including closing prices, daily percentage changes, daily amplitudes, trading volumes, trading turnovers, open interests, and changes in open interests [7]. Group 4: Market Outlook - In terms of tariff policies, as the US attitude eases, market risk - aversion sentiment has weakened, but the tariff war is still in the negotiation stage, and "verbal" concessions are unlikely to cause significant market fluctuations. Domestically, the Politburo meeting in April pointed out that policies to stabilize employment and the economy should be improved, and incremental reserve policies should be introduced in a timely manner. The meeting also proposed to create new structural monetary policy tools and new policy - based financial tools to support technology, consumption, and foreign trade [9]. - In terms of funds, the trading volume of some key broad - based ETFs held by Central Huijin has gradually returned to normal levels, and the "national team" support has weakened. Overall, with policy support, the index shows resilience, and the downside risk is relatively controllable. In the long - term, there is still room for domestic macro - policies to exert force, and the economic structural transformation driven by technological innovation is not pessimistic. However, in the short - term, it is still in the tariff policy digestion period, and the impact on the domestic economy needs further observation. With the approaching of the May Day holiday, funds are cautious, and it is recommended to focus on the dividend and domestic demand - gaming sectors [10]. Group 5: Industry News - On April 29, the National Development and Reform Commission announced that to implement the "two new" policies, the first batch of ultra - long - term special treasury bond funds was issued in January 2025. As of April 27, consumer goods replacement drove related sales of about 720 billion yuan, supporting a 4.6% year - on - year increase in the national total retail sales of consumer goods in Q1. Recently, 81 billion yuan of the second - batch funds have been issued, and the NDRC will promote the implementation of the policy [30]. - On April 29, the NDRC, the Ministry of Commerce, and the State Administration for Market Regulation issued a notice to clean up and rectify market access barriers to promote the construction of a unified national market. The focus is on regulations and practices that violate market access requirements. The NDRC will supervise and urge the rectification of problems [30].