股指期货周报-20251107

1. Report Industry Investment Rating - No information provided in the given content 2. Core View of the Report - A-share major indices generally rose this week, with all except the Science and Technology Innovation 50 recording small increases. The four stock index futures showed differentiation, with large-cap blue-chip stocks outperforming small and medium-cap stocks. Market trading activity declined compared to last week. The A-share third-quarter reports overall performed well, providing bottom support for the market, but the significant decline in external demand in October is expected to drag on the economic fundamentals in the fourth quarter, having a certain negative impact on stock market sentiment. In the short term, there are no more positive news releases. Currently, after the disclosure of A-share third-quarter reports and without important domestic meetings this month, the market is in a policy and performance vacuum period. Without clear trading guidance, the market is expected to show a random walk pattern, and stock indices will remain volatile. It is recommended to wait and see for now [5][86] 3. Summary by Relevant Catalogs 3.1. Market Review - Futures: IF2512 had a weekly increase of 0.60%, IH2512 rose 0.76%, IC2512 fell 0.17%, and IM2512 increased by 0.59%. - Spot: The Shanghai and Shenzhen 300 rose 0.82%, the Shanghai Stock Exchange 50 increased by 0.89%, the CSI 500 fell 0.04%, and the CSI 1000 rose 0.47% [8] 3.2. News Overview - As of November 5, 1035 companies announced interim dividends this year, with a total dividend amount of 735.686 billion yuan, exceeding last year's interim dividends, including 316 companies making their first interim dividends, which is neutral to bullish. - China announced specific measures to implement the consensus of the China-US economic and trade consultations in Kuala Lumpur, which is neutral. - In October, China's exports (in US dollars) decreased by 1.1% year-on-year, imports increased by 1%, and the trade surplus was 90.07 billion US dollars; exports (in RMB) decreased by 0.8% year-on-year, imports increased by 1.4%, and the trade surplus was 640.49 billion yuan, which is neutral to bearish [11][12] 3.3. Weekly Market Data - Domestic Main Indices: The Shanghai Composite Index rose 1.08%, the Shenzhen Component Index increased by 0.19%, the Science and Technology Innovation 50 rose 0.01%, the SME 100 fell 0.59%, and the ChiNext Index rose 0.65% [15] - External Main Indices (as of Thursday): The S&P 500 fell 1.75%, the UK FTSE 100 rose 0.19%, the Hang Seng Index increased by 1.26%, and the Nikkei 225 fell 4.07% [16] - Industry Sector Performance: Most industry sectors rose, with sectors such as power equipment, coal, and petroleum and petrochemicals strengthening, while the beauty care sector led the decline. Industry main funds generally showed net outflows, with the computer sector having a large net outflow and the coal sector having a small net inflow [20][24] - Other Data: This week, major shareholders had a net reduction of 8.449 billion yuan in the secondary market, the market value of restricted shares lifted was 26.12 billion yuan, and northbound funds had a total trading volume of 9.8154 trillion yuan. The SHIBOR short-term interest rates showed differentiation, and the IF, IH, IC, and IM main contract basis fluctuated [31][28][39] 3.4. Market Outlook and Strategy - The market is expected to show a random walk pattern, and stock indices will remain volatile. It is recommended to wait and see for now [86]