麦高证券策略周报-20250616

Market Liquidity Overview - R007 increased from 1.5514% to 1.5811%, a rise of 2.97 basis points, while DR007 decreased from 1.5323% to 1.502%, a drop of 3.03 basis points, resulting in a widening spread of 6.00 basis points between R007 and DR007 [9][11] - The net inflow of funds this week was 709.14 billion, an increase of 142.27 billion from the previous week, with total fund supply at 1323.94 billion and demand at 614.80 billion [11][12] Industry Sector Liquidity Tracking - The performance of the CITIC first-level industries was mixed, with non-ferrous metals and oil & petrochemicals leading gains at approximately 3.95% and 3.31% respectively, while food & beverage and computer sectors saw the largest declines at 4.42% and 2.25% respectively [16][18] - The pharmaceutical sector exhibited high overall congestion, with financials showing high congestion from volatility and turnover rates, while non-ferrous metals displayed high congestion from a momentum perspective, indicating elevated risk [29][30] Style Sector Liquidity Tracking - Growth style maintained the highest daily trading volume share at 48.79%, while financial and cyclical styles saw slight increases in their trading volume shares [32][33] - Daily turnover rates for growth style remained the highest at 2.48%, whereas financial and stable styles maintained relatively low turnover rates [32]