Workflow
股指期货周报-20250919

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core View of the Report - A-share major indices generally rose this week, except for the Shanghai Composite Index. The four stock index futures showed mixed performance, with small and medium-cap stocks performing better, ranked as IM > IC > IF > IH in terms of strength. The market trading activity increased slightly. Overseas, the Fed cut interest rates by 25 basis points as expected, and the RMB first rose and then fell. Domestically, economic data in August was under pressure, but financial data indicated improved consumer willingness. The stock index still has long-term upward potential, and it is recommended to buy on dips with a light position [5][98]. 3. Summary by Relevant Catalogs 3.1 Market Review - Futures: IF2512 had a weekly decline of 0.72%, IH2512 fell 1.89%, IC2512 dropped 0.07%, and IM2512 rose 0.24%. - Spot: The Shanghai and Shenzhen 300 Index fell 0.44%, the Shanghai 50 Index dropped 1.98%, the CSI 500 Index rose 0.32%, and the CSI 1000 Index rose 0.21% [8]. 3.2 News Overview - Economic data in August was weak: industrial added value, social retail sales, fixed - asset investment, real estate development investment all declined, and the unemployment rate rose. - The Ministry of Commerce and other nine departments issued policies to expand service consumption. - The Fed cut interest rates by 25 basis points for the first time this year [11][12]. 3.3 Weekly Market Data - Domestic major indices: The Shanghai Composite Index fell 1.30%, the Shenzhen Component Index rose 1.14%, the STAR 50 Index rose 1.84%, the SME 100 Index rose 1.99%, and the ChiNext Index rose 2.34%. - Overseas major indices: The S&P 500 rose 0.72%, the UK FTSE 100 fell 0.59%, the Hang Seng Index rose 0.59%, and the Nikkei 225 rose 0.62%. - Industry sectors: Bank and non - ferrous metal sectors weakened significantly, while coal and power equipment sectors led the gains. - Industry main funds: Most industries had net outflows, with the electronics sector having a large net outflow. - SHIBOR short - term interest rates increased, but the capital price was still at a low level. - This week, major shareholders had a net reduction of 14.536 billion yuan in the secondary market, the restricted - share lifting market value was 181.127 billion yuan, and northbound funds traded a total of 1.234444 trillion yuan. - The basis of the main contracts of IF, IH, IC, and IM fluctuated [16][17][21][25][29][32]. 3.4 Market Outlook and Strategy - The stock index has long - term upward potential. It is recommended to buy on dips with a light position [98].