Guoyuan Securities·2025-08-21 12:42Market Performance - On August 21, 2025, the Shanghai Composite Index rose by 0.13%, while the Shenzhen Component Index fell by 0.06% and the ChiNext Index decreased by 0.47%[2] - The total market turnover was 24,603.36 billion yuan, an increase of 119.20 billion yuan compared to the previous trading day[2] - A total of 2,170 stocks rose, while 3,091 stocks fell[2] Sector and Style Analysis - The top-performing sectors included Comprehensive Finance (1.54%), Agriculture, Forestry, Animal Husbandry, and Fishery (1.38%), and Oil and Petrochemicals (1.17%)[2] - The worst-performing sectors were Machinery (-0.89%), Electric Power Equipment and New Energy (-0.84%), and National Defense and Military Industry (-0.78%)[2] - In terms of investment style, Stable outperformed Consumption, Finance, and Growth[2] Capital Flow - On August 21, 2025, the net outflow of main funds was 664.20 billion yuan, with large orders contributing to a net outflow of 303.99 billion yuan[3] - Small orders saw a continuous net inflow of 739.47 billion yuan[3] ETF Performance - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant decreases in turnover, with changes of -3.48 billion yuan and -19.41 billion yuan respectively[3] - The total turnover for the major ETFs was as follows: SSE 50 ETF (26.12 billion yuan), CSI 300 ETF (39.97 billion yuan), and CSI 500 ETF (20.28 billion yuan)[3] Global Market Overview - On August 21, 2025, major Asia-Pacific indices showed mixed results, with the Hang Seng Index down 0.24% and the Nikkei 225 down 0.65%[4] - European indices also had mixed performances, with the DAX down 0.60% and the FTSE 100 up 1.08%[5] - In the US market, the Dow Jones Industrial Average rose by 0.04%, while the S&P 500 and Nasdaq Composite fell by 0.24% and 0.67% respectively[5]