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股指周报:主线拉动此起彼伏,关注下周重磅变量-20250725
Nan Hua Qi Huo·2025-07-25 09:00

Group 1: Report Industry Investment Rating - The short - term attitude towards the market is cautiously optimistic [1][11] Group 2: Core View of the Report - This week, the stock index hit a new high. Affected by the Yaxia Power Station and Hainan Free Trade Port's full - customs - closure policy, upstream resource and infrastructure - related industries, as well as the pan - consumption sector, drove the stock market up. The trading volume of the two markets reached about 1.9 trillion yuan, and the proportion of margin trading volume in A - share trading volume increased [1][2] - In the medium - to - long - term, the stock market needs a virtuous cycle of supply and demand to support a bull market. Short - term information - driven optimism and volume cooperation do not guarantee sustainable structural upward movement [6] - At the end of the month, the stock market will be affected by two major events: the Sino - US economic and trade talks and the July Politburo meeting. The market expects positive results, but there are risks of short - term index correction [7] - After the correction, the market may still be driven by optimism. If the information does not meet expectations and the trading volume drops, risk management is needed [1][11] Group 3: Summary According to the Table of Contents 1. Abstract - This week, the stock index hit a new high. Driven by positive factors such as the Yaxia Power Station and Hainan Free Trade Port's full - customs - closure policy, different main lines in the stock market went up, and the trading volume of the two markets reached about 1.9 trillion yuan. After the correction, the market may still be driven by optimism, but attention should be paid to the results of the Sino - US talks and the July Politburo meeting [1] 2. Market Analysis and Strategy Recommendation - The stock index hit a new high this week. The Yaxia Power Station and Hainan Free Trade Port's full - customs - closure policy drove related industries up, and the trading volume and margin trading proportion increased [2] - The short - term upward trend of the market driven by information may not be sustainable. In the medium - to - long - term, the stock market needs supply - demand coordination. The market will be affected by the Sino - US talks and the July Politburo meeting, and there are risks of short - term index correction [6][7] - The short - term attitude towards the market is cautiously optimistic. If the information does not meet expectations and the trading volume drops, risk management is needed. The strategy is mainly to hold positions and wait and see [11][12] 3. Weekly Fun Chart - The RMB exchange rate fluctuated this week, and the short - term exchange - rate impact weakened [13] - The market's optimistic sentiment gradually cooled down as the futures index position PCR first rose and then fell [15] - This week, small - cap futures indexes were relatively strong. Although the information drove up the upstream resource industries, the anti - deflation narrative heated up, and funds mainly flowed into small - cap stocks [18]