A股市场快照：宽基指数每日投资动态-20251209

• The report primarily focuses on tracking and analyzing the performance of broad-based indices in the A-share market, including their daily returns, moving averages, turnover rates, and valuation metrics such as PE-TTM and risk premiums[1][2][3] - The analysis highlights that all broad-based indices experienced gains on December 8, 2025, with the ChiNext Index (2.6%) and CSI 2000 (1.47%) showing the largest daily increases. For the year-to-date performance, the ChiNext Index (48.97%) recorded the highest growth, followed by CSI 2000 (33.97%) and CSI 500 (25.27%)[10][11] - All indices have surpassed their 5-day, 10-day, and 20-day moving averages, with CSI 1000 and CSI All Share also breaking above their 60-day moving averages. However, CSI 500 remains below its 60-day moving average, indicating a continued market recovery[14][15] - The turnover rates for December 8, 2025, were highest for CSI 2000 (4.34), followed by ChiNext Index (2.78) and CSI 1000 (2.47). The lowest turnover rates were observed for SSE 50 (0.26) and CSI 300 (0.61)[17] - The distribution of daily returns shows that the ChiNext Index has the largest negative kurtosis deviation, while CSI 1000 has the smallest. Similarly, the ChiNext Index exhibits the largest negative skewness, indicating a higher likelihood of extreme negative returns compared to other indices[23][25] - Risk premiums, calculated relative to the 10-year government bond yield, are highest for the ChiNext Index (2.60%) and CSI 2000 (1.46%), with their 5-year percentile ranks at 93.41% and 85.79%, respectively. In contrast, SSE 50 (0.57%) and CSI 300 (0.80%) have lower risk premiums and percentile ranks[27][31] - The PE-TTM ratios for broad-based indices show that CSI 1000 (97.52%) and CSI 500 (95.54%) have the highest 5-year percentile ranks, while CSI 2000 (84.3%) and the ChiNext Index (57.69%) are relatively lower. The ChiNext Index's 5-year percentile rank is below its danger threshold of 80%[39][43][44] - Dividend yields are highest for SSE 50 (3.30%) and CSI 300 (2.71%), while CSI 500 (1.37%) and CSI 2000 (0.75%) are the lowest. The ChiNext Index's 5-year historical percentile rank for dividend yield is relatively high at 66.69%[48][53][55] - The percentage of stocks trading below their book value (PB ratio < 1) is highest for SSE 50 (22.0%) and lowest for the ChiNext Index (1.0%), reflecting varying market valuation attitudes across indices[57]