【光大研究每日速递】20250703

Group 1 - The core viewpoint of the article highlights the acceleration of new stock issuance and increased enthusiasm for offline subscriptions in the stock market, with a significant rise in the amount raised compared to previous months [4] - In June 2025, a total of 8 new stocks were listed, raising a total of 9.153 billion yuan, which represents a month-on-month increase of 164.8% [4] - The average first-day increase for new stocks on the main board was 188.17%, while the average for the dual innovation board was 190.72%, indicating a positive market sentiment [4] Group 2 - The sentiment indicators have issued a bullish signal, with the proportion of rising stocks in the CSI 300 index exceeding 60%, suggesting a high market sentiment [5] - The momentum sentiment indicators show an upward trend for the fast line and a downward trend for the slow line, indicating a sustained bullish outlook in the near term [5] - The short-term moving average indicators suggest that the CSI 300 index is in a state of sentiment prosperity [5] Group 3 - The inventory of breeding sows has slightly increased, while the refining industry maintains stable year-on-year performance, with predictions of negative profit growth in coal, float glass, and steel industries [6] - The oil price rebound has supported the stability of the refining industry's performance, while the cement industry is expected to see positive profit growth year-on-year [6] - Economic data indicates a steady state, with the PMI rolling average stabilizing and housing sales area showing a slight year-on-year decline [6] Group 4 - In the first half of 2025, the cumulative sales amount of the top 100 real estate companies was 1.8 trillion yuan, with a year-on-year decline of 11.4% [7] - The cumulative sales area for the same period was 85.97 million square meters, reflecting a year-on-year decrease of 22.2% [7] - Some leading real estate companies, such as China Jinmao, Yuexiu Property, and Huafa Group, showed positive year-on-year sales growth of 20%, 11%, and 11% respectively [7]