国元证券每日复盘-20250530

Report Industry Investment Rating No industry investment rating information is provided in the report. Core View of the Report On May 30, 2025, the two markets adjusted with shrinking volume, and the breeding stocks strengthened collectively. The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all declined, and most industries and concept sectors fell. The main funds had a net outflow, while the southbound funds had a net inflow. The closing prices of major Asia - Pacific stock indexes on May 30 showed mixed performance, and the European and US stock indexes on May 29 also had different trends [2]. Summary by Directory 1. Market News - In Q1 2025, the balance of RMB loans of financial institutions was 265.41 trillion yuan, a year - on - year increase of 7.4%, and the RMB loans increased by 9.78 trillion yuan in Q1 [12]. - In April 2025, China's international balance of payments in goods and services trade had an import - export scale of 43706 billion yuan, a year - on - year increase of 6%, with a trade surplus of 462 billion US dollars [12]. - In June 2025, 1932 kinds of food in Japan will increase in price, and the annual increase may exceed 20,000 kinds, affected by factors such as rising raw material prices and labor costs [12]. - US tariff policies and other uncertainties dragged down corporate performance and the employment market in Q1 2025, with corporate profits falling by 118.1 billion US dollars and the number of initial jobless claims increasing [12]. - Three departments issued a notice to increase the salary distribution incentives for state - owned enterprise skilled talents, including optimizing salary distribution, setting up special allowances, and improving the salary growth mechanism [12]. 2. Overall Market Performance - On May 30, 2025, the two markets adjusted with shrinking volume. The Shanghai Composite Index fell 0.47%, the Shenzhen Component Index fell 0.85%, and the ChiNext Index fell 0.96%. The market turnover was 1138.816 billion yuan, a decrease of 46.415 billion yuan from the previous trading day. There were 1132 rising stocks and 4216 falling stocks in the whole market [2][15]. 3. Market Style and Industry Performance - Style: The order of index gains and losses is 0 > Stable > Financial > Consumption > Cycle > Growth; Large - cap value > Mid - cap value > Small - cap value > Large - cap growth > Small - cap growth > Mid - cap growth; Fund heavy - holdings performed better than the CSI All - Share Index [20]. - Industry: Among the 30 CITIC first - level industries, most declined. The relatively top - performing industries were Agriculture, Forestry, Animal Husbandry and Fishery (1.42%), Banking (0.64%), and Medicine (0.36%); the relatively bottom - performing industries were Automobile (- 1.92%), Computer (- 1.79%), and Electronics (- 1.75%) [20]. - Concept sectors: Most concept sectors fell. The rising sectors included Heparin, Pork, and Alzheimer's, while the sectors with significant declines included Reducers, Molten Salt Energy Storage, and Controllable Nuclear Fusion [20]. 4. Capital Flow Performance - On May 30, the main funds had a net outflow of 50.84 billion yuan, with super - large orders having a net outflow of 25.892 billion yuan and large orders having a net outflow of 24.948 billion yuan. Medium - sized orders had a net inflow of 9.547 billion yuan, and small orders had a continuous net inflow of 38.896 billion yuan [3][24]. - Southbound funds had a net inflow of 9.646 billion Hong Kong dollars on May 30, with a net inflow of 8.167 billion Hong Kong dollars through Shanghai - Hong Kong Stock Connect and 1.479 billion Hong Kong dollars through Shenzhen - Hong Kong Stock Connect [4]. 5. ETF Capital Flow Performance - On May 30, most of the trading volumes of ETFs such as SSE 50, CSI 300, CSI 500, and CSI 1000 increased compared with the previous trading day. On May 29, the main broad - based ETF capital flow showed that funds mainly flowed into the CSI 300ETF, with an inflow amount of 2.213 billion yuan [29]. 6. Global Market Performance - On May 30, the closing prices of major Asia - Pacific stock indexes showed mixed performance. The Hang Seng Index fell 1.20%, the Hang Seng Tech Index fell 2.48%, the Nikkei 225 Index fell 1.22%, the South Korean Composite Index fell 0.84%, and the Australian S&P 200 Index rose 0.30% [33]. - On May 29, the three major European stock indexes generally declined, while the three major US stock indexes generally rose. Among the popular technology stocks in the US, the "Big Seven" had different trends [5].