财达证券每日市场观察-20250630

Market Overview - On June 30, 2025, the market showed mixed performance with a trading volume of 1.58 trillion, a decrease of approximately 60 billion from the previous trading day[1] - The Shanghai Composite Index fell by 0.7%, while the Shenzhen Component Index and the ChiNext Index rose by 0.34% and 0.47%, respectively[2] Sector Performance - Over half of the sectors experienced gains, with notable increases in non-ferrous metals, telecommunications, textiles, and electronics[1] - The banking and utilities sectors saw significant declines, indicating a sector rotation[1] Capital Flow - On June 27, 2025, net inflows into the Shanghai Stock Exchange amounted to 1.441 billion, while the Shenzhen Stock Exchange saw net inflows of 12.368 billion[4] - The top three sectors for capital inflow were telecommunications equipment, industrial metals, and components, while the largest outflows were from state-owned banks, electricity, and joint-stock banks[4] Economic Indicators - From January to May 2025, profits of large-scale industrial enterprises fell by 1.1% year-on-year, totaling 27,204.3 billion[5] - State-owned enterprises reported a profit decline of 7.4%, while private enterprises saw a profit increase of 3.4%[5] Fund Dynamics - As of June 25, 2025, over 180 active equity funds reached new net asset value highs, with more than half having been established for over one year[12] - The total scale of public funds reached 33.74 trillion, marking the eighth historical high since early 2024[13]