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期指：震荡等待新的驱动
Guo Tai Jun An Qi Huo·2025-06-17 02:05

Report Industry Investment Rating - Not provided Core View of the Report - On June 16, all four major stock index futures contracts for the current month rose. The trading enthusiasm of investors cooled down as the total trading volume of stock index futures declined. The total positions of all four major stock index futures also decreased [1][2]. Summary by Relevant Catalogs [Periodic Index and Spot Data Tracking] - Index Futures Price Changes: On June 16, IF rose 0.38%, IH rose 0.48%, IC rose 0.46%, and IM rose 0.72%. The closing prices, price - to - spot basis, trading volumes, and open interest of each contract of the four major index futures are presented in detail [1]. - Trading Volume Changes: The total trading volume of index futures decreased, with IF increasing by 1520 lots, IH decreasing by 3940 lots, IC decreasing by 1262 lots, and IM decreasing by 25196 lots [2]. - Open Interest Changes: The total open interest of index futures decreased, with IF decreasing by 13714 lots, IH decreasing by 5088 lots, IC decreasing by 2937 lots, and IM decreasing by 12803 lots [2]. [Trend Intensity] - The trend intensity of IF and IH is 1, and the trend intensity of IC and IM is 1. The trend intensity ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [6]. [Important Drivers] - In May, the national economy showed overall stable and progressive development. The year - on - year growth rate of industrial added value above designated size was 5.8%, the total retail sales of consumer goods increased by 6.4% year - on - year, and the national urban survey unemployment rate was 5.0% [6]. [Stock Market Performance] - On June 16, the Shanghai Composite Index rose 0.35%, the Shenzhen Component Index rose 0.41%, the ChiNext Index rose 0.66%, the Beijing Stock Exchange 50 rose 1.84%, the Science and Technology Innovation 50 fell 0.21%, the Wind All - A Index rose 0.54%, the Wind A500 rose 0.31%, and the CSI A500 rose 0.25%. The A - share trading volume was 1.24 trillion yuan, down from 1.5 trillion yuan the previous day [7]. [Top 20 Member Position Changes in Index Futures] - The position changes of long and short positions of the top 20 members in each contract of IF, IH, IC, and IM are presented, with some data not disclosed [5].