金融工程日报：沪指冲高回落，算力、半导体产业链领跌-20251114

• The market experienced a broad decline today, with the CSI 2000 index performing relatively well among scale indices, and the SSE Composite Index performing better among sector indices[2][6] - The banking, real estate, textile and apparel, pharmaceutical, and comprehensive industries performed relatively well, while the electronics, communications, computer, media, and new energy industries performed poorly[2][7] - Market sentiment was relatively high today, with 90 stocks hitting the daily limit up and 9 stocks hitting the daily limit down at the close[2][12] - The financing balance as of November 13, 2025, was 24,882 billion yuan, and the securities lending balance was 184 billion yuan, with the total margin balance accounting for 2.5% of the market's circulating market value[2][17][20] - The ETF with the highest premium on November 13, 2025, was the Internet ETF Shanghai-Hong Kong-Shenzhen, with a premium of 0.59%, while the ETF with the highest discount was the Zhejiang Merchants Zhijiang Phoenix ETF, with a discount of 0.73%[3][21] - The median annualized discount rates for the main contracts of the SSE 50, CSI 300, CSI 500, and CSI 1000 index futures over the past year were 0.39%, 3.23%, 10.86%, and 13.33%, respectively[3][26] - The stock with the most institutional research over the past week was Boying Special Welding, which was researched by 79 institutions[4][28] - The top ten stocks with net inflows from institutional seats on the Dragon and Tiger List on November 14, 2025, included Time-Space Technology, Hailu Heavy Industry, Zhongyi Technology, Lianhua Technology, Kangzhi Pharmaceutical, Kangpeng Technology, Worth Buying, Chengda Pharmaceutical, Zhaoyi Innovation, and Minsheng Health[4][33]