科创再度举起大旗

Report Industry Investment Rating - Not mentioned in the provided content Core View - Today's stock market showed a strong overall trend, with the Sci - tech Innovation Board surging. At the industry level, TMT led the gains. However, the ratio of rising to falling stocks was around 1.23, different from the previous near - across - the - board rise. Also, although tech concepts led the gains and had a higher weight in small - cap indices, large - cap indices performed stronger today, suggesting a possible shift of funds from small - cap to large - cap stocks. With the support of sentiment and funds, the stock market continued to rise. Taking the CSI 300 as an example, after breaking through the resistance line at 4250, it showed a strong trend, and the next resistance line is around the previous high of 4450. In the short term, continue to hold positions and observe while doing a good job in risk avoidance. Before the Jackson Hole meeting, several Fed officials made hawkish statements. If Powell takes a hawkish stance tonight, it may put some pressure on the A - share market from the perspectives of liquidity expectations and risk appetite [6]. Market Review - Today, the stock index showed a significant upward trend. In terms of capital flow, the trading volume of the two markets increased by 122.653 billion yuan. In the futures index market, all varieties rose with increased trading volume, and large - cap futures indices showed a stronger trend [4] Strategy Recommendation - Insurance strategy: Hold spot and buy put options [7] Futures Index Market Observation - Main contract intraday percentage changes: IF 2.72%, IH 2.80%, IC 2.50%, IM 2.25% - Trading volume (in ten thousand lots): IF 14.0136, IH 7.3462, IC 12.8579, IM 27.7717 - Trading volume change compared to the previous period (in ten thousand lots): IF 1.9002, IH 1.385, IC 0.7116, IM - 1.3374 - Open interest (in ten thousand lots): IF 27.7117, IH 11.3515, IC 23.3603, IM 39.1042 - Open interest change compared to the previous period (in ten thousand lots): IF 1.889, IH 1.0155, IC 0.4551, IM 0.0694 [7] Spot Market Observation - Shanghai Composite Index percentage change: 1.45% - Shenzhen Component Index percentage change: 2.07% - Ratio of rising to falling stocks: 1.23 - Total trading volume of the two markets (in billion yuan): 25467.10 - Trading volume change compared to the previous period (in billion yuan): 1226.53 [8]