Market Performance - On June 25, 2025, the Shanghai Composite Index reached a new high for the year, rising by 1.04% to 3,455.97 points[12] - The Shenzhen Component Index increased by 1.72% to 10,393.72 points, while the ChiNext Index surged by 3.11% to 2,128.39 points[12] - The total market turnover was 16,025.35 billion CNY, an increase of 1,882.62 billion CNY compared to the previous trading day[12] Sector and Style Analysis - All 30 sectors in the CITIC first-level industry index saw gains, with the top performers being Comprehensive Finance (5.70%), Non-Bank Finance (4.42%), and National Defense Industry (3.49%)[18] - The market style performance ranked as follows: Financial > Growth > Cyclical > Stable > Consumption[18] - Small-cap growth stocks outperformed mid-cap growth and large-cap value stocks[18] Capital Flow - On June 25, 2025, the net inflow of main funds was 38.67 billion CNY, with large orders seeing a net inflow of 144.22 billion CNY[22] - Southbound capital recorded a net inflow of 95.74 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 47.54 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 48.20 billion HKD[24] ETF Trading Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant trading volume increases, with changes of +0.60 billion CNY and +20.26 billion CNY respectively[27] - The trading volume for the CSI 500 ETF was 21.84 billion CNY, reflecting a slight decrease of 0.42 billion CNY from the previous day[27] Global Market Trends - On June 25, 2025, major Asia-Pacific indices closed higher, with the Hang Seng Index up 1.23% and the Nikkei 225 Index up 0.39%[30] - European indices also saw gains, with the DAX Index rising by 1.60% and the CAC40 Index increasing by 1.04%[31] - In the US, the Dow Jones Industrial Average rose by 1.19%, while the S&P 500 and Nasdaq Composite increased by 1.11% and 1.43% respectively[31]
2025年6月25日沪指创下年内新高,市场全天放量大涨
Guoyuan Securities·2025-06-25 15:32