大越期货股指期货早报-20250623

Report Industry Investment Rating No relevant content provided. Core View of the Report - IC2507 has a discount of 51.11 points, and IM2507 has a discount of 64.79 points, indicating a bearish signal. The US bombed Iranian nuclear facilities on Sunday, and the market should closely monitor Iran's response. Short - term uncertainties may decrease, with oil prices opening high and closing low. The market corrected last week due to uncertainties between Israel and Iran, and market hotspots decreased. The margin trading balance is 1809.1 billion yuan, a decrease of 7.5 billion yuan, also a bearish signal. IH2507 has a discount of 36.92 points, and IF2507 has a discount of 42.24 points, showing a neutral situation. The main contracts are ranked as IM>IC>IF>IH, and IH, IF, IM, IC, and IF are below the 20 - day moving average, indicating a bearish trend. The long positions of IH main contracts decreased, those of IF main contracts increased, and those of IC main contracts decreased, showing a bullish signal. The US bombing of Iranian nuclear facilities and limited benefits from the Lujiazui Forum, along with global stock market adjustments, have increased the upward pressure on domestic indices, leading to a weak adjustment of the indices [3]. Summary by Relevant Catalogs Futures Market - Index Contract Information: Details of contracts such as IH, IF, IC, and IM including contract prices, price changes, trading volumes, index prices, price - to - earnings ratios, price - to - book ratios, dividend yields, spreads, discount ratios, annualized discounts, contract values, delivery dates, and remaining terms are provided [4]. - Base and Spread Charts: Charts of the base and spread of the Shanghai Stock Exchange 50 and CSI 500 are presented, with data sourced from Wind Information and organized by Dayue Futures [7][10]. Spot Market - Important Index Daily Price Changes: The daily price changes of important indices such as the Shanghai Composite Index, Shanghai Stock Exchange 50, CSI 300, etc. are shown [13]. - Style Index Daily Price Changes: The daily price changes of style indices such as the 300 - cycle index, 300 - non - cycle index, etc. are presented [16][19]. Market Structure - AH Share Premium: A chart of the Hang Seng AH Premium Index is provided, showing the premium situation of AH shares [23]. - Price - to - Earnings Ratio (PE): A chart of the PE (TTM) of the Shanghai Stock Exchange 50, CSI 300, CSI 500, and ChiNext Index is presented [26]. - Price - to - Book Ratio (PB): A chart of the PB of the Shanghai Stock Exchange 50, CSI 300, CSI 500, and ChiNext Index is provided [28]. Market Capital - Stock Market Capital Inflow: A chart of the capital inflow into the A - share market and the CSI 300 is presented [30]. - Margin Trading Balance: A chart of the margin trading balance and the CSI 300 is provided [32]. - Northbound Capital Inflow: A chart of the net inflow of northbound capital is presented [34]. - Stock Unlock: Although mentioned, no specific content is provided [36]. - Capital Cost: A chart of SHIBOR overnight, SHIBOR one - week, and SHIBOR two - week rates is presented [40]. Market Sentiment - Trading Activity: Charts of the turnover rates (based on free - floating market value) of the Shanghai Stock Exchange 50, CSI 300, CSI 500, and ChiNext Index are provided [43][46]. - Public - Offering Hybrid Fund Positions: Although mentioned, no specific content is provided [48]. Other Indicators - Dividend Yield and Treasury Yield: A chart of the dividend yields of index futures and the 10 - year treasury bond yield is presented [52]. - Exchange Rate: A chart of the US dollar - to - RMB exchange rate is provided [54]. - New Account Openings and Index Tracking: Although mentioned, no specific content is provided [55]. - Newly Established Fund Sizes: Charts of the newly established sizes of stock - type, hybrid, and bond - type funds are mentioned, but no specific content is provided [57][59][61].