恒生聚源策略周报-20260309

Market Liquidity Overview - R007 decreased from 1.5292% to 1.4920%, a reduction of 3.72 basis points; DR007 fell from 1.4805% to 1.4149%, down 6.56 basis points. The spread between R007 and DR007 increased by 2.84 basis points [9][12] - The net outflow of funds this week was 72.445 billion yuan, with a decrease in net inflow of 65.34 billion yuan compared to last week. Fund supply was -16.047 billion yuan, while fund demand was 56.398 billion yuan. Specifically, fund supply decreased by 64.689 billion yuan, with net financing purchases down by 103.682 billion yuan [12][15] Industry Sector Liquidity Tracking - Most sectors in the CITIC first-level industry index experienced declines, with a weak overall market style and continued sector differentiation. The number of declining sectors exceeded those that rose, with the oil and petrochemical sector showing the most significant increase at 7.18%, while media and computer sectors led the declines at 6.96% and 5.48%, respectively [17][20] Style Sector Liquidity Tracking - Most style indices saw declines, with the growth style experiencing the largest drop of 3.58%, followed by the consumer style at 2.45%. The average daily trading volume for the growth style was the highest at 55.07%, indicating it was the most active sector [3][10]