1. Index Trends - On October 27, the Shanghai Composite Index rose 1.18% to close at 3996.94 points, with a trading volume of 1043.404 billion yuan. The Shenzhen Component Index rose 1.51% to close at 13489.4 points, with a trading volume of 1296.727 billion yuan [1]. - The CSI 1000 Index rose 1.03% with a trading volume of 458.17 billion yuan, opening at 7483.3, closing at 7495.38, with a daily high of 7511.41 and a low of 7430.62 [1]. - The CSI 500 Index rose 1.67% with a trading volume of 471.762 billion yuan, opening at 7336.2, closing at 7379.39, with a daily high of 7391.21 and a low of 7302.02 [1]. - The SSE 50 Index rose 0.78% with a trading volume of 185.295 billion yuan, opening at 3064.38, closing at 3069.53, with a daily high of 3078.78 and a low of 3052.4 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 rose 76.14 points from the previous close, with sectors such as electronics and non - ferrous metals significantly pulling the index up [3]. - The CSI 500 rose 120.86 points from the previous close, with electronics and machinery equipment sectors significantly pulling the index up [3]. - The SSE 300 rose 55.34 points from the previous close, with electronics, communication, and non - ferrous metals sectors significantly pulling the index up [3]. - The SSE 50 rose 23.71 points from the previous close, with non - ferrous metals, electronics, and pharmaceutical biology sectors significantly pulling the index up [3]. 3. Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 67.41, IM01 of - 140.07, IM02 of - 352.55, and IM03 of - 566.92 [14]. - For IC contracts, IC00 had an average daily basis of - 56.45, IC01 of - 109.06, IC02 of - 274.0, and IC03 of - 458.33 [14]. - For IF contracts, IF00 had an average daily basis of - 12.11, IF01 of - 25.64, IF02 of - 54.36, and IF03 of - 94.0 [14]. - For IH contracts, IH00 had an average daily basis of 0.46, IH01 of 0.61, IH02 of 1.85, and IH03 of 0.51 [14]. 4. Stock Index Futures Roll - over Point Differences and Annualized Costs - Data on IM roll - over point differences and their annualized costs are presented in relevant charts and tables, showing values at different time points [23][28]. - Data on IC roll - over point differences and their annualized costs are provided, including values like IC00 - 01, IC00 - 02, etc. at various times [24][25]. - Data on IF roll - over point differences and their annualized costs are given, with details at different time intervals [29]. - Data on IH roll - over point differences and their annualized costs are shown, including values such as IH00 - 01, IH00 - 02 at different times [26][27].

股指期货日度数据跟踪 2025-10-24 一、指数走势 10 月 23 日，上证综指涨跌幅 0.22%，收于 3922.41 点，成交额 7189.31 亿元，深成指数涨跌幅 0.22%，收于 13025.45 点，成交额 9249.78 亿元。 中证 1000 指数涨跌幅-0.06%，成交额 3285.75 亿元，其中开盘价 7292.39，收盘价 7308.1，当日最高价 7319.55，最低价 7192.42； 中证 500 指数涨跌幅 0.2%，成交额 2863.04 亿元，其中开盘价 7108.85，收盘价 7142.95，当日最高价 7153.66，最低价 7022.29； 沪深 300 指数涨跌幅 0.3%，成交额 4208.0 亿元，其中开盘价 4578.7，收盘价 4606.34，当日最高价 4611.34，最低价 4541.69； 上证 50 指数涨跌幅 0.56%，成交额 1212.08 亿元，其中开盘价 3002.0，收盘价 3026.9，当日最高价 3030.8，最低价 2985.43。 图表 1：中证 1000、中证 500、沪深 300、上证 50 日内走势（%） 图表 2：四 ...

Group 1: Index Trends - On October 15th, the Shanghai Composite Index rose 1.22% to close at 3912.21 points, with a trading volume of 961.552 billion yuan; the Shenzhen Component Index rose 1.73% to close at 13118.75 points, with a trading volume of 1111.306 billion yuan [1]. - The CSI 1000 Index rose 1.5% with a trading volume of 403.798 billion yuan, opening at 7384.01, closing at 7483.45, with a daily high of 7484.05 and a low of 7315.48 [1]. - The CSI 500 Index rose 1.38% with a trading volume of 397.459 billion yuan, opening at 7205.74, closing at 7294.0, with a daily high of 7294.0 and a low of 7153.42 [1]. - The SSE 50 Index rose 1.36% with a trading volume of 157.106 billion yuan, opening at 2962.75, closing at 3001.35, with a daily high of 3003.0 and a low of 2958.45 [1]. - The SSE 300 Index rose 1.48% with a trading volume of 607.326 billion yuan, opening at 4544.24, closing at 4606.29, with a daily high of 4608.82 and a low of 4526.83 [1]. Group 2: Impact of Sector Movements on Indexes - The CSI 1000 rose 110.3 points from the previous close, with sectors such as electronics, power equipment, and pharmaceutical biology significantly pulling up the index [3]. - The CSI 500 rose 99.15 points from the previous close, with electronics, power equipment, and pharmaceutical biology sectors significantly pulling up the index [3]. - The SSE 300 rose 67.23 points from the previous close, with electronics, power equipment, and non - bank finance sectors significantly pulling up the index [3]. - The SSE 50 rose 40.25 points from the previous close, with non - bank finance, non - ferrous metals, and electronics sectors significantly pulling up the index [3]. Group 3: Stock Index Futures Basis and Annualized Opening Costs - IM00 average daily basis was - 10.46, IM01 was - 103.63, IM02 was - 188.68, IM03 was - 409.38 [12]. - IC00 average daily basis was - 8.59, IC01 was - 90.05, IC02 was - 145.37, IC03 was - 306.52 [12]. - IF00 average daily basis was - 1.45, IF01 was - 15.46, IF02 was - 25.74, IF03 was - 47.9 [12]. - IH00 average daily basis was 0.53, IH01 was - 2.86, IH02 was - 2.45, IH03 was - 1.31 [12]. Group 4: Stock Index Futures Roll - over Point Differences and Annualized Costs - For IM, data on roll - over point differences and their annualized costs at different time points from 09:45 to 15:00 are provided, such as at 09:45, IM00 - 01 was - 73.02267, IM00 - 02 was - 259.4522, etc. [28]. - For IC, data on roll - over point differences and their annualized costs at different time points from 09:45 to 15:00 are provided, such as at 09:45, IC00 - 01 was - 68.64222, IC00 - 02 was - 225.568, etc. [29]. - For IF, data on roll - over point differences and their annualized costs at different time points from 09:45 to 15:00 are provided, such as at 09:45, IF00 - 01 was - 12.31678, IF00 - 02 was - 41.14122, etc. [24]. - For IH, data on roll - over point differences and their annualized costs at different time points from 09:45 to 15:00 are provided, such as at 09:45, IH00 - 01 was 0.707, IH00 - 02 was 1.4593333, etc. [25].

09 月 29 日，上证综指涨跌幅 0.9%，收于 3862.53 点，成交额 9682.12 亿元，深成指数涨跌幅 2.05%，收于 13479.43 点，成交额 11932.49 亿元。 中证 1000 指数涨跌幅 1.36%，成交额 4195.35 亿元，其中开盘价 7415.13，收盘价 7497.83，当日最高价 7517.12，最低价 7376.91； 中证 500 指数涨跌幅 1.51%，成交额 4338.64 亿元，其中开盘价 7251.52，收盘价 7350.56，当日最高价 7377.22，最低价 7216.74； 沪深 300 指数涨跌幅 1.54%，成交额 6933.95 亿元，其中开盘价 4555.03，收盘价 4620.05，当日最高价 4647.57，最低价 4541.43； 上证 50 指数涨跌幅 1.09%，成交额 1899.69 亿元，其中开盘价 2940.04，收盘价 2973.04，当日最高价 3000.48，最低价 2922.01。 数据来源：Wind，光期研究所 数据来源：Wind，光期研究所 股指期货日度数据跟踪 2025-09-30 一、指数走势 上证 50 较 ...

1. Index Trends - On September 25th, the Shanghai Composite Index had a change of -0.01%, closing at 3853.3 points with a trading volume of 1001.211 billion yuan; the Shenzhen Component Index had a change of 0.67%, closing at 13445.9 points with a trading volume of 1369.879 billion yuan [1]. - The CSI 1000 Index had a change of -0.37% and a trading volume of 464.745 billion yuan, with an opening price of 7521.32, a closing price of 7506.51, a daily high of 7563.08, and a low of 7487.12 [1]. - The CSI 500 Index had a change of 0.24% and a trading volume of 493.047 billion yuan, with an opening price of 7325.66, a closing price of 7341.32, a daily high of 7379.61, and a low of 7312.35 [1]. - The SSE 300 Index had a change of 0.6% and a trading volume of 669.867 billion yuan, with an opening price of 4563.98, a closing price of 4593.49, a daily high of 4613.95, and a low of 4558.84 [1]. - The SSE 50 Index had a change of 0.45% and a trading volume of 158.667 billion yuan, with an opening price of 2944.73, a closing price of 2952.74, a daily high of 2962.18, and a low of 2941.87 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 Index rose -27.71 points from the previous closing price. Media and communication sectors significantly pulled the index up, while basic chemicals, machinery, and electronics sectors pulled it down [3]. - The CSI 500 Index rose 17.61 points from the previous closing price. Computer, machinery, and electronics sectors significantly pulled the index up, while the non - banking financial sector pulled it down [3]. - The SSE 300 Index rose 27.42 points from the previous closing price. Power equipment, non - ferrous metals, and communication sectors significantly pulled the index up, while the banking sector pulled it down [3]. - The SSE 50 Index rose 13.23 points from the previous closing price. Non - ferrous metals, pharmaceutical biology, and electronics sectors significantly pulled the index up, while food and beverage and banking sectors pulled it down [3]. 3. Futures Basis and Annualized Opening Costs - IM00 had an average daily basis of -69.91, IM01 of -156.48, IM02 of -236.36, and IM03 of -449.96 [13]. - IC00 had an average daily basis of -51.53, IC01 of -122.3, IC02 of -177.77, and IC03 of -356.12 [13]. - IF00 had an average daily basis of -8.53, IF01 of -24.0, IF02 of -33.81, and IF03 of -65.69 [13]. - IH00 had an average daily basis of 2.04, IH01 of -0.05, IH02 of 1.44, and IH03 of -0.53 [13]. 4. Futures Roll - over Point Differences and Annualized Costs - For IM, from 09:45 to 15:00, there were data on point differences and annualized costs for different roll - over combinations (e.g., IM00 - 01, IM00 - 02, etc.) [21]. - For IC, from 09:45 to 15:00, there were data on point differences and annualized costs for different roll - over combinations (e.g., IC00 - 01, IC00 - 02, etc.) [23]. - For IF, from 09:45 to 15:00, there were data on point differences and annualized costs for different roll - over combinations (e.g., IF00 - 01, IF00 - 02, etc.) [24]. - For IH, from 09:45 to 15:00, there were data on point differences and annualized costs for different roll - over combinations (e.g., IH00 - 01, IH00 - 02, etc.) [26].

1. Report Industry Investment Rating - No relevant information provided 2. Core Views of the Report - The report presents the index trends, the impact of sector fluctuations on indices, the basis and annualized opening costs of stock index futures, and the point differences and annualized costs of stock index futures roll - over on September 3rd [1][2][12][19] 3. Summary by Relevant Catalogs 3.1 Index Trends - On September 3rd, the Shanghai Composite Index fell 1.16% to 3813.56 points with a trading volume of 1012.296 billion yuan; the Shenzhen Component Index fell 0.65% to 12472.0 points with a trading volume of 1351.79 billion yuan [1] - The CSI 1000 Index fell 1.46% with a trading volume of 486.667 billion yuan; the CSI 500 Index fell 1.34% with a trading volume of 449.58 billion yuan; the SSE 50 Index fell 1.07% with a trading volume of 161.065 billion yuan; the CSI 300 Index fell 0.68% with a trading volume of 655.697 billion yuan [1] 3.2 Impact of Sector Fluctuations on Indices - The CSI 1000 dropped 107.0 points compared to the previous closing price, and sectors such as non - ferrous metals, national defense and military industry, and computer significantly pulled the index down [2] - The CSI 500 dropped 93.23 points compared to the previous closing price, and sectors such as computer, non - bank finance, and national defense and military industry significantly pulled the index down [2] - The CSI 300 dropped 30.62 points compared to the previous closing price. Sectors such as power equipment and communication significantly pulled the index up, while sectors such as banks, electronics, and non - bank finance significantly pulled the index down [2] - The SSE 50 dropped 31.89 points compared to the previous closing price. Sectors such as pharmaceutical biology significantly pulled the index up, while sectors such as banks, electronics, and non - bank finance significantly pulled the index down [2] 3.3 Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 72.73, IM01 had - 133.83, IM02 had - 271.16, and IM03 had - 448.11 [12] - For IC contracts, IC00 had an average daily basis of - 79.74, IC01 had - 130.22, IC02 had - 237.48, and IC03 had - 382.87 [12] - For IF contracts, IF00 had an average daily basis of - 16.61, IF01 had - 23.0, IF02 had - 42.88, and IF03 had - 63.45 [12] - For IH contracts, IH00 had an average daily basis of - 4.99, IH01 had - 5.58, IH02 had - 6.58, and IH03 had - 4.13 [12] 3.4 Stock Index Futures Roll - over Point Differences and Annualized Costs - The report provides the point differences and annualized costs of roll - over for IM, IC, IF, and IH contracts at different time points, such as for the IF contract, at 09:45, the point differences between different contracts (e.g., IF00 - 01 was - 12.31678) are presented [20][21][23][24][25]

1. Report Industry Investment Rating There is no information about the report industry investment rating in the content. 2. Core Viewpoints of the Report The report provides a daily tracking of stock index futures data on September 2, 2025, including the index trends, the impact of sector fluctuations on the indices, the basis and annualized opening costs of stock index futures, and the points differences and annualized costs of stock index futures roll - over [1]. 3. Summary by Relevant Catalogs 3.1 Index Trends - On September 2, the Shanghai Composite Index fell 0.45% to close at 3858.13 points, with a trading volume of 1222.778 billion yuan; the Shenzhen Component Index fell 2.14% to close at 12553.84 points, with a trading volume of 1652.214 billion yuan [1]. - The CSI 1000 Index fell 2.5% with a trading volume of 598.514 billion yuan, opening at 7498.44, closing at 7313.88, with a daily high of 7499.6 and a low of 7258.59 [1]. - The CSI 500 Index fell 2.09% with a trading volume of 541.494 billion yuan, opening at 7108.94, closing at 6961.69, with a daily high of 7108.94 and a low of 6909.72 [1]. - The SSE 50 Index rose 0.39% with a trading volume of 196.061 billion yuan, opening at 2983.72, closing at 2992.88, with a daily high of 3006.46 and a low of 2967.52 [1]. - The SSE 50 Index rose 0.39% with a trading volume of 196.061 billion yuan, opening at 2983.72, closing at 2992.88, with a daily high of 3006.46 and a low of 2967.52 [1]. 3.2 Impact of Sector Fluctuations on the Indices - The CSI 1000 Index dropped 187.27 points from the previous closing price, and sectors such as communication, computer, and electronics significantly pulled the index down [3]. - The CSI 500 Index dropped 148.6 points from the previous closing price, and sectors such as computer and electronics significantly pulled the index down [3]. - The SSE 300 Index dropped 33.26 points from the previous closing price. Sectors such as banks significantly pulled the index up, while sectors such as computer, communication, and electronics pulled it down [3]. - The SSE 50 Index rose 11.68 points from the previous closing price. Sectors such as banks, food and beverage, and petroleum and petrochemicals significantly pulled the index up, while sectors such as non - bank finance and electronics pulled it down [3]. 3.3 Basis and Annualized Opening Costs of Stock Index Futures - For IM contracts, IM00 had an average daily basis of - 79.56, IM01 had - 138.59, IM02 had - 271.34, and IM03 had - 446.93 [14]. - For IC contracts, IC00 had an average daily basis of - 74.3, IC01 had - 122.99, IC02 had - 224.75, and IC03 had - 369.83 [14]. - For IF contracts, IF00 had an average daily basis of - 10.05, IF01 had - 15.77, IF02 had - 30.9, and IF03 had - 51.13 [14]. - For IH contracts, IH00 had an average daily basis of - 0.65, IH01 had - 2.19, IH02 had - 1.79, and IH03 had - 0.25 [14]. 3.4 Points Differences and Annualized Costs of Stock Index Futures Roll - over - The document provides the 15 - minute average points differences and their annualized costs for IM, IC, IF, and IH contracts' roll - over, including data such as IM00 - 01, IM00 - 02, etc. for different time points from 09:45 to 15:00 [23][25][27][26].

Group 1 - The market experienced significant volatility, with the Shanghai Composite Index rising by 1.5% in one trading day and a trading volume nearing 3.2 trillion [1] - The market is currently characterized by large capital movements from institutions such as foreign capital, state-owned financial institutions, and insurance funds, leading to substantial fluctuations in major indices [3] - The A-share market has shown signs of overheating, necessitating a cooling period, although the Shanghai Composite Index may continue to rise, potentially reaching between 3900 and 4000 points around September 3 [5] Group 2 - The current market sentiment is increasingly euphoric, which raises concerns about potential risks, but there is no immediate need for significant reduction in positions [5] - Investors are advised to have a clear exit strategy in place, particularly if the market falls below 3800 or 3900 points, to secure profits [5] - The market is described as a structural bull market rather than a comprehensive one, emphasizing the importance of a personalized trading plan [7]

Report Summary 1. Index Trends - On August 21st, the Shanghai Composite Index rose 0.13% to 3771.1 points with a trading volume of 997.42 billion yuan; the Shenzhen Component Index fell 0.06% to 11919.76 points with a trading volume of 1426.32 billion yuan [1]. - The CSI 1000 Index fell 0.71% with a trading volume of 516.51 billion yuan; the CSI 500 Index fell 0.36% with a trading volume of 404.12 billion yuan; the SSE 50 Index rose 0.53% with a trading volume of 136.49 billion yuan; the CSI 300 Index rose 0.39% with a trading volume of 558.52 billion yuan [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 dropped 52.12 points compared to the previous close, with sectors like power equipment, machinery, and electronics pulling the index down [2]. - The CSI 500 dropped 23.9 points, with the media sector pulling it up and non - bank finance, power equipment, and electronics pulling it down [2]. - The CSI 300 rose 16.67 points, driven up by sectors such as banks, pharmaceuticals, and communications [2]. - The SSE 50 rose 15.19 points, boosted by banks, communications, and petroleum and petrochemicals [2]. 3. Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 60.53, IM01 of - 107.71, IM02 of - 212.17, and IM03 of - 364.91 [13]. - For IC contracts, IC00 had an average daily basis of - 60.14, IC01 of - 98.23, IC02 of - 184.34, and IC03 of - 310.15 [13]. - For IF contracts, IF00 had an average daily basis of - 9.13, IF01 of - 16.06, IF02 of - 28.63, and IF03 of - 49.68 [13]. - For IH contracts, IH00 had an average daily basis of 0.85, IH01 of 0.7, IH02 of 2.49, and IH03 of 5.13 [13]. 4. Stock Index Futures Roll - over Point Differences and Annualized Costs - For IM contracts, data on roll - over point differences and their annualized costs at different time points from 09:45 to 15:00 are provided, e.g., at 09:45, IM00 - 01 was - 73.02267 [24]. - For IC contracts, similar data are given, such as at 09:45, IC00 - 01 was - 68.64222 [21]. - For IF contracts, at 09:45, IF00 - 01 was - 12.31678 [22]. - For IH contracts, at 09:45, IH00 - 01 was 0.707 [23].

Report Summary 1. Index Performance - On August 14th, the Shanghai Composite Index fell 0.46% to close at 3666.44 points, with a trading volume of 949.464 billion yuan; the Shenzhen Component Index dropped 0.87% to 11451.43 points, with a trading volume of 1329.745 billion yuan [1]. - The CSI 1000 Index declined 1.24%, with a trading volume of 513.604 billion yuan, opening at 7072.9, closing at 6976.49, hitting a high of 7077.81 and a low of 6957.4 [1]. - The CSI 500 Index decreased 1.2%, with a trading volume of 367.96 billion yuan, opening at 6509.21, closing at 6429.85, reaching a high of 6519.79 and a low of 6411.92 [1]. - The SSE 50 Index rose 0.59%, with a trading volume of 131.056 billion yuan, opening at 2815.49, closing at 2829.47, hitting a high of 2858.01 and a low of 2815.49 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 Index dropped 87.84 points from the previous close, with sectors such as Medicine and Biology, Power Equipment, and Electronics significantly dragging the index down [3]. - The CSI 500 Index fell 78.25 points from the previous close, with sectors like National Defense and Military Industry, Medicine and Biology, and Electronics having a notable negative impact [3]. - The SSE 300 Index declined 3.27 points from the previous close, with sectors such as Non - Banking Finance, Electronics, and Power Equipment pulling the index up, while Automobiles, Medicine and Biology, and Communications dragging it down [3]. - The SSE 50 Index rose 16.49 points from the previous close, with sectors like Electronics, Non - Banking Finance, and Banks contributing to the increase [3]. 3. Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average basis of - 0.48, IM01 - 66.22, IM02 - 241.2, and IM03 - 412.97 [12]. - For IC contracts, IC00 had an average basis of - 3.47, IC01 - 56.93, IC02 - 196.32, and IC03 - 320.4 [12]. - For IF contracts, IF00 had an average basis of - 0.63, IF01 - 9.92, IF02 - 36.25, and IF03 - 64.28 [12]. - For IH contracts, IH00 had an average basis of 0.34, IH01 0.99, IH02 1.91, and IH03 2.42 [12]. 4. Futures Rollover Point Differences and Annualized Costs - Data on IM, IC, IF, and IH rollover point differences and their corresponding annualized costs are presented in the report, including specific values at different time points [20][23][24][26]