股指期货：结构性拉动下，警惕“一时热情"

1. Report Industry Investment Rating - No relevant content provided 2. Core View - The stock market rose significantly with higher trading volume today, and the trading volume of the two markets returned above 2.4 trillion yuan. The closing price of the CSI 300 index reached a new high this year, and the industry indices of the stock market generally increased. The positive impact of the US PPI data on the stock market was limited. The rise was mainly due to the industry - pulling effect of Oracle. After several days of adjustment in the A - share market, funds re - entered the market, pushing up the overall stock market. In the context of a structural market, attention should be paid to the sustainability of market enthusiasm, mainly by tracking changes in trading volume, and being vigilant against sharp rises and falls [4] 3. Summary by Relevant Catalogs Market Review - The stock index rose significantly today. Taking the CSI 300 index as an example, it closed up 2.31%. In terms of funds, the trading volume of the two markets increased by 459.96 billion yuan. In the futures index market, all varieties increased in volume [2] Important Information - The State Council has approved the launch of 10 comprehensive reform pilot projects for the market - based allocation of factors within 2 years starting from today. OpenAI has signed an agreement to purchase $300 billion worth of computing power from Oracle in about five years, causing Oracle to surge nearly 36% overnight and its market value to soar by $243.8 billion [3] Strategy Recommendation Futures Index Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main - contract intraday percentage change (%) | 2.64 | 1.56 | 3.44 | 2.94 | | Trading volume (10,000 lots) | 16.9613 | 7.0995 | 19.5795 | 31.8107 | | Trading volume change compared to the previous period (10,000 lots) | 3.8933 | 1.7746 | 6.1198 | 4.3013 | | Open interest (10,000 lots) | 28.2139 | 10.4398 | 26.6336 | 38.8332 | | Open interest change compared to the previous period (10,000 lots) | 0.6664 | 0.8511 | 1.8948 | 0.4629 | [5] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index percentage change (%) | 1.65 | | Shenzhen Component Index percentage change (%) | 3.36 | | Ratio of rising stocks to falling stocks | 4.17 | | Trading volume of the two markets (100 million yuan) | 24377.19 | | Trading volume change compared to the previous period (100 million yuan) | 4595.96 | [6]