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A股市场快照：宽基指数每日投资动态-20251015
Jianghai Securities·2025-10-15 12:14
  • The report provides a snapshot of the A-share market performance, highlighting that all broad-based indices experienced a decline on October 14, 2025, with the largest drops seen in the ChiNext Index (-3.99%) and the CSI 500 (-2.46%) [3][11][12] - All tracked indices have fallen below their 5-day and 10-day moving averages, with the SSE 50 remaining above its 20-day moving average. The ChiNext Index has retreated 9.4% from its 250-day high [3][14] - The turnover rate of the indices on October 14, 2025, was highest for CSI 2000 (4.2), followed by ChiNext Index (3.32), CSI 1000 (3.14), CSI 500 (2.45), CSI All Share Index (2.21), CSI 300 (1.14), and SSE 50 (0.51) [3][16] - The daily return distribution analysis shows that the ChiNext Index has the largest negative skewness and kurtosis deviation, while CSI 1000 has the smallest negative kurtosis deviation [3][22][23] - Risk premium analysis indicates that SSE 50 (42.06%) and CSI 2000 (12.46%) have relatively high 5-year percentile values, while CSI 500 (2.62%) and ChiNext Index (1.19%) are relatively low. The risk premium volatility of CSI 1000 and CSI 2000 is higher compared to other indices [3][27][29] - PE-TTM analysis reveals that CSI 500 (99.01%) and CSI All Share Index (96.53%) have high 5-year percentile values, while CSI 300 (84.21%) and ChiNext Index (57.36%) are relatively low. The PE-TTM values of all indices except ChiNext Index exceed their danger threshold (80%) [4][39][40] - Dividend yield analysis shows that ChiNext Index (69.67%) and CSI 1000 (43.8%) are at relatively high 5-year historical percentiles, while CSI 2000 (19.17%) and CSI 500 (15.21%) are at lower percentiles. Current dividend yields are as follows: SSE 50 (3.29%), CSI 300 (2.67%), CSI 500 (1.33%), CSI 1000 (1.11%), CSI 2000 (0.78%), CSI All Share Index (1.99%), and ChiNext Index (1.01%) [4][49][50] - The current net asset value (NAV) ratios for the indices are as follows: SSE 50 (24.0%), CSI 300 (16.67%), CSI 500 (11.0%), CSI 1000 (7.3%), CSI 2000 (3.35%), ChiNext Index (1.0%), and CSI All Share Index (6.01%) [4][51]