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期指：仍有企稳回升可能
Guo Tai Jun An Qi Huo·2025-08-28 02:27

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The stock index futures still have the possibility of stabilizing and rebounding [3] 3. Summary by Relevant Catalogs 3.1. Index Futures Data Tracking - On August 27, all the current-month contracts of the four major index futures declined. IF dropped 1.71%, IH dropped 1.84%, IC dropped 1.51%, and IM dropped 2.08% [1] - On this trading day, the total trading volume of index futures rebounded, indicating that investors' trading enthusiasm has increased. Specifically, the total trading volume of IF increased by 43,644 lots, IH increased by 16,891 lots, IC increased by 57,059 lots, and IM increased by 92,377 lots. In terms of positions, the total positions of IF increased by 13,045 lots, IH increased by 3,677 lots, IC increased by 24,398 lots, and IM increased by 17,455 lots [2] 3.2. Index Futures Member Positions - The long and short positions of the top 20 member institutions in different contracts of IF, IH, IC, and IM have different changes. For example, in IF2509, the long positions increased by 4,337 lots, and the short positions increased by 3,404 lots [5] 3.3. Trend Strength and Important Drivers - The trend strength of IF and IH is 1, and the trend strength of IC and IM is 1. The range of trend strength values is an integer in the [-2, 2] interval [6] - The Ministry of Commerce will introduce several policy measures to expand service consumption next month, and the relevant policy document on promoting service exports will be publicly issued soon. In July, the profits of industrial enterprises above designated size decreased by 1.5% year-on-year, with the decline narrowing for two consecutive months. High-tech manufacturing profits turned from a 0.9% decline in June to an 18.9% increase [6] - The three major A-share indexes rose and then fell, with the Shanghai Composite Index recording its largest decline in nearly five months. The market's full-day trading volume was 3.2 trillion yuan, ranking second in history [6]