股指缩量反弹

1. Report Industry Investment Rating There is no information about the report industry investment rating provided in the content. 2. Core Viewpoints of the Report - Geopolitical factors remain the core concern of the market. After the Trump administration released more signals of easing the situation, most global equity markets rebounded. The domestic market also showed a shrinking - volume rebound. Attention should be paid to potential positive factors from domestic policies. If the market trading volume effectively increases in the future, it is expected to drive the market to form a trend - upward [1][3]. 3. Summary According to Related Catalogs 3.1 Market Analysis - Macro - aspect: The State Administration for Market Regulation held a symposium on price supervision and anti - unfair competition work, emphasizing efforts in various aspects such as deepening price supervision, rectifying "involution - style" competition, and strengthening anti - unfair competition law enforcement [1]. - Geopolitical - aspect: Trump stated that the US had "won" in the action against Iran, and the US proposed a 15 - condition conflict - ending plan to Iran through Pakistan, including requirements on nuclear plans, missile capabilities, and regional issues [1]. 3.2 Index Performance - Spot Market: A - share major indices rebounded. The Shanghai Composite Index rose 1.78% to 3881.28 points, and the ChiNext Index rose 0.5%. Most sector indices rose, with only the petroleum and petrochemical, and coal industries closing down. The environmental protection, textile and apparel, building materials, and non - ferrous metal industries led the gains. The trading volume on that day was 2.1 trillion yuan. As of the end of February, the scale of existing private equity funds reached 22.6 trillion yuan, an increase of 160 billion yuan from the end of the previous month, hitting a new high. Overseas, the preliminary value of the US S&P Global Composite PMI in March dropped to 51.4, a new low in 11 months. The manufacturing and service sectors showed different trends: the manufacturing PMI rose to 52.4, exceeding expectations, while the service PMI dropped to 51.1, also a new low in 11 months. The three major US stock indices closed down, with the Nasdaq falling 0.84% to 21761.89 points [2]. - Futures Market: In the futures market, the basis of IF, IH, and IM decreased. In terms of trading volume and open interest, both the trading volume and open interest of index futures decreased [2]. 3.3 Strategy - Geopolitical factors are still the core focus of the market. After the Trump administration released more signals of easing the situation, most global equity markets rebounded. The domestic market showed a shrinking - volume rebound. Attention should be paid to potential positive factors from domestic policies. If the market trading volume effectively increases in the future, it is expected to drive the market to form a trend - upward [3]. 3.4 Chart Information - Macro - economic Charts: Include charts showing the relationship between the US dollar index and A - share trends, US Treasury yields and A - share trends, RMB exchange rate and A - share trends, and US Treasury yields and A - share style trends [6][8][10]. - Spot Market Tracking Charts: Table 1 shows the daily performance of major domestic stock indices on March 24, 2026, including the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, etc. There are also charts of the trading volume of the Shanghai and Shenzhen stock markets and the margin trading balance [13]. - Stock Index Futures Tracking Charts: Table 2 shows the trading volume and open interest of IF, IH, IC, and IM index futures, including the current values and changes. Table 3 shows the basis of index futures (futures - spot). Table 4 shows the inter - period spreads of index futures. There are also multiple charts related to the open interest, net open interest of foreign capital, basis, and inter - period spreads of different index futures contracts [17][39][45].