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大盘指数企稳，后续风格或将切换至中小盘
Great Wall Securities·2025-07-16 02:35

Group 1: Market Overview - The major domestic stock indices experienced an overall increase last week, with the Shanghai Composite Index rising by 1.09%, and the CSI 300 and CSI 50 increasing by 0.82% and 0.60% respectively [2][9] - The small and mid-cap indices also saw significant gains, with the CSI 500, CSI 1000, and ChiNext Index rising by 1.96%, 2.36%, and 2.36% respectively [2][9] - Style indices across the board increased, with financial, cyclical, consumer, growth, and stability styles rising by 2.06%, 1.04%, 1.47%, 2.11%, and 1.21% respectively [2][9] Group 2: ETF Market Statistics - The total trading volume of ETFs reached 579.56 billion yuan last week, an increase of 56.10 billion yuan from the previous week [3][30] - Among the ETFs tracked, the large-cap style ETFs had an average weekly increase of 2.48%, while the small-cap style ETFs averaged an increase of 1.63% [3][30] - The trading volume for large-cap style ETFs was 335.04 billion yuan, up by 76.85 billion yuan, while small-cap style ETFs saw a decrease in trading volume to 244.52 billion yuan, down by 20.75 billion yuan [3][30] Group 3: Sector Performance - The top-performing ETFs in the comprehensive category included the ChiNext 50, ChiNext, and CSI 1000 ETFs, with weekly increases of 2.58%, 2.44%, and 2.43% respectively [4][34] - In the industry-themed ETFs, the real estate, steel, and brokerage ETFs were the top performers, with increases of 6.87%, 4.66%, and 4.44% respectively [4][34] - Conversely, the bottom performers included the banking, home appliance, and new energy vehicle ETFs, which saw declines of -0.11%, -0.07%, and 0.32% respectively [4][34] Group 4: Fund Flow Trends - Significant capital inflows were observed in the CSI 1000 ETF within the comprehensive category, while sectors such as banking, coal, semiconductor, and military industries also experienced substantial capital inflows [4][34] - The total market capitalization of comprehensive ETFs increased to 3722.15 billion shares, with large-cap style ETFs accounting for 2433.70 billion shares, up by 4.64 billion shares [28][30] - The small-cap style ETFs saw a slight decrease in shares, totaling 1288.45 billion shares, down by 0.13 billion shares [28][30]