大越期货股指期货早报-20250530

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The market ended its decline and stabilized yesterday due to the ruling of the US International Trade Court and the unfreezing of funds on the Beijing Stock Exchange, with the technology sector leading the gains [2]. - The index has stopped falling and stabilized. A significant intraday rise at the current level is an opportunity to reduce positions, while a sharp decline is a chance to increase positions. The market lacks a clear short - term mainline [5]. 3. Summaries According to Related Catalogs 3.1 Futures Market - IH Contracts: IH2506 had a price of 2,673.60 with a 0.25% increase, a trading volume of 37,631, and a discount of 17.29 points. IH2507, IH2509, and IH2512 also showed price increases and varying degrees of discounts [6]. - IF Contracts: IF2506 had a price of 3,832.80 with a 0.68% increase, a trading volume of 70,602, and a discount of 25.90 points. Other IF contracts also had price increases and different discount levels [6]. - IC Contracts: IC2506 had a price of 5,668.60 with a 1.89% increase, a trading volume of 68,773, and a discount of 51.31 points. Other IC contracts followed a similar pattern [6]. - IM Contracts: IM2506 had a price of 6,031.00 with a 2.35% increase, a trading volume of 166,397, and a discount of 58.58 points. Other IM contracts also showed price increases and discounts [6]. 3.2 Spot Market - Important Indexes: The Shanghai Composite Index, Shanghai 50, CSI 300, and other important indexes had different daily percentage changes, with the CSI 500 rising 1.47% and the ChiNext Index rising 1.24% [15]. - Style Indexes: Different style indexes such as the 300 Cycle, 300 Non - Cycle, and others had varying daily percentage changes, with the Small - Cap Index (Shenwan) rising 1.82% and the 300 Growth rising 2.29% [18]. 3.3 Market Structure - AH - Share Premium: The Hang Seng AH Premium Index showed fluctuations over time [24]. - PE and PB: The PE (TTM) and PB of the Shanghai 50, CSI 300, CSI 500, and ChiNext Index had long - term trends [27][29]. 3.4 Market Fundamentals - Stock Market Inflows: The net inflow of A - share funds and the CSI 300 index showed historical trends [31]. - Margin Trading Balance: The margin trading balance and the CSI 300 index had historical trends [33]. - Northbound Inflows: The net inflow of northbound funds showed historical fluctuations [35]. - Funding Costs: SHIBOR overnight, SHIBOR one - week, and SHIBOR two - week rates showed historical trends [41]. 3.5 Market Sentiment - Turnover Activity: The turnover rates of the Shanghai 50, CSI 300, CSI 500, and ChiNext Index (based on free - floating market capitalization) showed historical trends [44][47]. - Public - Fund Mixed - Fund Positions: The positions of public - fund mixed - funds showed historical trends [49]. 3.6 Other Indicators - Dividend Yield and Bond Yield: The dividend yields of index futures and the ten - year government bond yield showed historical trends [53]. - Exchange Rate: The US dollar - to - RMB exchange rate showed historical trends [55]. - New Account Openings and Index Tracking: The number of new account openings and the Shanghai Composite Index showed a tracking relationship [56]. - Newly Established Fund Sizes: The sizes of newly established stock - type, mixed - type, and bond - type funds showed historical changes [58][60][62].