A股市场快照：宽基指数每日投资动态-20250923

• The report primarily focuses on tracking and analyzing the performance of broad-based indices in the A-share market, including metrics such as daily returns, moving averages, turnover rates, risk premiums, PE-TTM, dividend yields, and price-to-book ratios [1][2][3] - The turnover rates for various indices on September 22, 2025, were as follows: CSI 2000 (3.89), ChiNext Index (2.95), CSI 1000 (2.79), CSI 500 (2.05), CSI All Share (1.8), CSI 300 (0.6), and SSE 50 (0.28) [16] - The daily return distribution analysis highlights that the ChiNext Index exhibited the highest kurtosis and positive skewness, indicating a more concentrated distribution and a higher likelihood of extreme positive returns, while the SSE 50 showed the lowest kurtosis and positive skewness [22][23] - Risk premium analysis, using the 10-year government bond yield as the risk-free rate, revealed that the CSI 500 (76.11%) and SSE 50 (70.56%) had the highest 5-year percentile values, while the ChiNext Index (65.24%) and CSI 2000 (57.7%) were relatively lower [27][29] - The PE-TTM analysis showed that the CSI 500 (99.92%) and CSI All Share (96.78%) had the highest 5-year percentile values, suggesting elevated valuations, while the SSE 50 (81.49%) and ChiNext Index (59.75%) were comparatively lower [37][40][41] - Dividend yield analysis indicated that the ChiNext Index (65.04%) and CSI 1000 (41.07%) were at higher 5-year historical percentiles, whereas the CSI 500 (14.3%) and CSI 2000 (12.31%) were at lower percentiles [45][50][51] - The current price-to-book ratios showed that the SSE 50 had the highest proportion of stocks trading below book value (24.0%), followed by CSI 300 (17.0%), CSI 500 (11.8%), CSI 1000 (7.8%), CSI 2000 (3.5%), ChiNext Index (1.0%), and CSI All Share (6.37%) [52]