宝城期货股指期货早报（2025年9月30日）-20250930

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core Viewpoints of the Report - The short - term view of the stock index is a wide - range shock, the medium - term view is an upward trend, and the intraday view is a weak shock [1][5]. - The core logic is the game between short - term capital profit - taking willingness and the fermentation of medium - and long - term policy favorable expectations [1][5]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2512, the short - term trend is a shock, the medium - term trend is an upward movement, the intraday trend is a weak shock, and the overall view is a wide - range shock. The core logic is the conflict between short - term capital profit - taking and medium - and long - term policy favorable expectations [1]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is a weak shock, the medium - term view is an upward movement, and the reference view is a wide - range shock [5]. - Yesterday, all stock indexes fluctuated and rose. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2.1781 trillion yuan, an increase of 12 billion yuan from the previous day [5]. - The Politburo meeting on September 29 studied major issues in formulating the 15th Five - Year Plan, and the expectation of policy benefits continues to ferment [5]. - In the medium and long term, the expectation of policy benefits and the long - term net inflow trend of funds are the driving forces for the upward movement of stock indexes. In the short term, due to the significant increase in the stock valuation and the approaching of the index to the previous high, the demand for profit - taking of profitable funds increases, and the upward momentum of the stock index before the holiday is limited [5]. - The future market mainly focuses on the game between the rhythm of capital profit - taking and the fermentation of policy expectations [5].