申港证券策略周报：上周信心出现波动-20250618

Investment Summary - The report indicates that market confidence has fluctuated, with four out of five tracked indices experiencing slight declines and one showing a minor increase [2][23]. - The price-to-earnings (PE) ratio percentiles for the CSI 300 and Shanghai Composite Index are analyzed, revealing that as of June 13, 2025, the CSI 300's PE percentile is approximately 35.76%, indicating a relatively low valuation state, while the Shanghai Composite's PE percentile is around 60%, suggesting it is higher than 60% of the time since January 1, 2019, but not at an extreme overvaluation [2][25]. Index Performance Overview - The performance of major indices last week was as follows: CSI 300 Index decreased by 0.25%, Shanghai Composite Index decreased by 0.25%, Shenzhen Component Index decreased by 0.60%, ChiNext Index increased by 0.22%, and the CSI 500 Index decreased by 0.38% [8][14]. - Among the 31 primary industry indices tracked, 13 experienced gains while 18 saw declines, with the top five performing sectors being non-ferrous metals, oil and petrochemicals, agriculture, media, and pharmaceuticals, while the bottom five were food and beverage, household appliances, building materials, computers, and electronics [8][14]. Market Trading Data - The total trading volume last week was 557.263 billion shares, with a total transaction value of 6,858.389 billion yuan. There were 1,859 stocks that rose and 3,473 that fell [17][18]. - As of the end of last week, 32 stocks reached historical highs, while 7 stocks hit historical lows. The number of stocks reaching new highs over the past 30, 60, and 120 days were 528, 438, and 258 respectively, while the new lows were 816, 302, and 60 respectively [17][19]. Margin Trading Data - Margin trading data indicates that the weekly financing balance increased by approximately 8.016 billion yuan, while the weekly margin balance rose by about 0.086 billion yuan [19][20].