股指日报：股指冲高后回落，上方存在压力-20250627

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View - Today, the stock index rose after opening and then declined, indicating significant upward pressure. With a quiet news background and the domestic economy in a weak recovery, the stock index lacks sufficient positive drivers and is unlikely to break through the pressure line to form an upward trend. The latest data shows that the profits of industrial enterprises above a designated size have turned negative year - on - year, affected by tariffs and prices, and also indicating insufficient effective demand. Amid weak economic data, expectations of supportive policies have increased, providing support for the stock index. In the short term, the stock index is expected to fluctuate within a range. Attention should be paid to the policy guidance from the Politburo meeting in July [6]. 3. Summary by Related Catalogs Market Review - Today, the stock indices showed mixed performance, with large - cap indices closing down and small - and medium - cap indices closing up. The trading volume of the two markets decreased by 420.50 million yuan. In the futures index market, IF and IH declined on increased volume, while IC and IM rose on increased volume [4]. Important Information - The National Development and Reform Commission announced that it will allocate the third batch of funds for the consumer goods trade - in program in July. The National Bureau of Statistics reported that the profits of industrial enterprises above a designated size in May decreased by 9.1% year - on - year, and from January to May, they decreased by 1.1% [5]. Strategy Recommendation - Hold positions and wait and see. The table shows the main contract's intraday percentage change, trading volume, trading volume change compared to the previous period, open interest, and open interest change compared to the previous period for IF, IH, IC, and IM [7]. Spot Market Observation - The table presents the Shanghai Composite Index's percentage change, Shenzhen Component Index's percentage change, the ratio of rising to falling stocks, the trading volume of the two markets, and the trading volume change compared to the previous period [8]. Other Data Presentations - There are charts showing the ratio of margin trading turnover to A - share trading turnover, cross - variety strength comparisons (IH/IC, IC/IM, IH/IM, IF/IH, IF/IM, IF/IC), volume - weighted average premium/discount rates and closing prices of various indices (IF, IH, IC, IM), and price - to - earnings ratios of various indices (CSI 300, SSE 50, CSI 500, CSI 1000) [9][10][11][18]