每日复盘-20250912

Market Performance - On September 12, 2025, the three major indices collectively declined: Shanghai Composite Index down 0.12%, Shenzhen Component Index down 0.43%, and ChiNext Index down 1.09%[2] - Market turnover reached 25,483.13 billion CNY, an increase of 837.23 billion CNY from the previous trading day[2] - A total of 1,926 stocks rose while 3,373 stocks fell across the market[2] Sector and Style Analysis - Among the 30 CITIC first-level industries, the top performers were non-ferrous metals (up 1.96%), real estate (up 1.43%), and steel (up 1.34%); the worst performers included telecommunications (down 2.07%), banking (down 1.54%), and non-bank financials (down 1.48%)[20] - In terms of investment style, growth stocks outperformed value stocks, with small-cap growth leading the way[20] Capital Flow - On September 12, 2025, the net outflow of main funds was 536.40 billion CNY, with large orders contributing to a net outflow of 231.38 billion CNY and small orders showing a net inflow of 543.27 billion CNY[26] - Major ETFs saw a decrease in trading volume compared to the previous day, with notable declines in the turnover of several ETFs, including a drop of 18.85 billion CNY for the Huaxia SSE 50 ETF[30] Global Market Trends - On September 12, 2025, major Asia-Pacific indices closed higher, with the Hang Seng Index up 1.16% and the Nikkei 225 Index up 0.89%[33] - European indices also saw gains on September 11, 2025, with the DAX Index up 0.30% and the FTSE 100 Index up 0.78%[34]