股指期货周报-20260313

1. Report Industry Investment Rating - No relevant information provided in the report 2. Core Viewpoints of the Report - A - share major indices showed mixed performance this week, with the Shenzhen market generally outperforming the Shanghai market. Among the four stock - index futures, only IF showed a slight increase. The market was significantly affected by overseas geopolitical news. The continuous conflict between the US and Iran pushed up oil prices, causing global equity assets to face significant correction pressure under the re - inflation expectation, and A - shares were also notably affected. Meanwhile, the release of domestic inflation and import - export data this week showed a significant rebound in prices and external demand, and the positive macro - fundamentals provided some support to the market. Market trading activity declined slightly compared to last week. After the conclusion of the Two Sessions, the policy benefits brought by the national Two Sessions to the market have been gradually realized, and the market will shift to the fact - verification stage. Although external shocks have a short - term impact on the domestic market, after the negative impact of rising oil prices is digested, A - shares are still expected to continue the slow - bull market [7][95] 3. Summary According to the Directory 3.1 Market Review - The performance of the four stock - index futures was differentiated. IF2603 rose 0.26%, IH2603 fell 1.10%, IC2603 fell 1.31%, and IM2603 fell 0.30%. Among the spot indices, the CSI 300 rose 0.19%, the SSE 50 fell 1.20%, the CSI 500 fell 1.44%, and the CSI 1000 fell 0.42% [9] 3.2 News Overview - In February 2026, China's CPI rose 1.3% year - on - year and 1% month - on - month, while PPI fell 0.9% year - on - year and rose 0.4% month - on - month. From January to February 2026, China's total import - export value of goods trade was 7.73 trillion yuan, a year - on - year increase of 18.3%. Iran's Supreme Leader issued a statement, indicating that Iran will not give up revenge and will take strategic measures including blocking the Strait of Hormuz. Iran's Deputy Foreign Minister said that Iran has allowed some ships to pass through the Strait of Hormuz [13] 3.3 Weekly Market Data - Domestic Major Indices: The Shanghai Composite Index fell 0.70%, the Shenzhen Component Index rose 0.76%, the STAR 50 Index fell 2.88%, the SME 100 Index rose 0.80%, and the ChiNext Index rose 2.51% [16] - Overseas Major Indices (as of Thursday): The S&P 500 fell 1.00%, the UK FTSE 100 rose 0.20%, the Nikkei 225 fell 3.24%, and the Hang Seng Index fell 1.13% [17] - Industry Sector Performance: Most industry sectors declined. The national defense and military industry sector weakened significantly, while the coal and power equipment sectors led the gains. Industry main - force funds generally showed a net outflow. The electronics and machinery equipment sectors had a large net outflow of funds, and the basic chemical industry sector had the highest net inflow [21][25] - SHIBOR Short - term Interest Rates: SHIBOR short - term interest rates showed a differentiated performance, and the capital market was slightly looser [29] - Other Data: This week, major shareholders had a net reduction of 7.221 billion yuan in the secondary market, and the market value of restricted - share unlocking was 55.839 billion yuan. Northbound funds had a total trading volume of 1.257577 trillion yuan. The basis of the IF, IH, IC, and IM main contracts fluctuated [32][40][44] 3.4 Market Outlook and Strategy - The market is expected to shift to the fact - verification stage after the policy benefits of the Two Sessions are realized. Although external shocks have a short - term impact on the domestic market, after the negative impact of rising oil prices is digested, A - shares are still expected to continue the slow - bull market [95]