Group 1 - The core index, the CSI A500, is set to undergo a mid-term adjustment, with 21 stocks being replaced in the index, enhancing representation of emerging industries to approximately 46.5% [2] - The CSI A500 index ETF (159351) has seen significant capital inflow, with a net inflow of 28.89 million yuan as of June 4, and a total net inflow exceeding 200 million yuan over the past five trading days [1][2] - Major sectors experiencing passive inflows due to the index adjustment include electronics, banking, non-bank financials, machinery, and non-ferrous metals, while sectors like electric equipment, automotive, pharmaceuticals, food and beverage, and basic chemicals are seeing outflows [2] Group 2 - The A-share market is expected to experience a volatile upward trend due to ongoing policy support and active inflow of medium to long-term funds, with current valuations near the average since 2010 [2] - The CSI A500 index ETF closely tracks the CSI A500 index, which selects 500 stocks with strong market capitalization representation across various industries, balancing large-cap stocks while covering core leading assets in the A-share market [1]

6月5日，A股开盘，上证指数高开0.06%，深证成指高开0.08%，创业板指高开0.08%。（编辑 王 俊勇） ...

（原标题：和讯投顾吴嘉仪：A股周三走势颇具深意，成交量从缩量转为放量） 6月4日，和讯投顾吴嘉仪分析，A股周三走势颇具深意，成交量从缩量转为放量，值得关注。周二市场 平量，周三继续维持，连续三天成交量基本持平，但指数却强势上涨。周二上午放量突破3360关键点位 后转为缩量，显示该位置支撑力强。周三下午缩量转放量，转折点在3375左右，说明该位置有压力。A 股三天成交量维持在1.15万亿左右，表明目前市场存量资金支撑的日成交区间大致在1.1~1.2万亿。周四 成交量是继续平量还是缩量，十分关键。上证分时图显示，周三走势与5月29日相似，市场已形成共 识。5月30日大跌由消息面引发，现市场正修复下跌。周三下午市场情绪良好，未出现跳水，周四或不 会出现5月30日那样的突然崩盘。北证50站稳上升通道，微盘股跳空高开打破箱体震荡，周四行情不会 大跌。小跌可能性需看板块轮动，核电板块或现多杀多局面。无明确主线时，消费板块成新趋势，尾盘 消费板块异动，周四若继续冲高可考虑兑现。新大开盘冲高，港股恒指逼近箱体上沿，有回踩需求， A-H溢价指数回调三天，但A股短期抛压增加，中线风险上升。若周四市场继续冲高，必须放量，否则 会出 ...

Market Overview - A-share market continued to rebound on June 4, with all three major indices opening higher and closing positively, particularly the ChiNext Index which rose over 1% [1][2] - The total trading volume reached 1.18 trillion yuan, with nearly 4,000 stocks rising and over 80 stocks hitting the daily limit [1][2] - The market is currently in a repair phase, supported by a series of domestic policies, limiting the adjustment space [1][5] Sector Performance - The consumer sector saw significant activity, with beauty care, textiles, and retail sectors leading the gains, with increases of 2.63%, 2.53%, and 2.41% respectively [2][3] - Solid-state battery and optical module sectors also performed well, contributing to the overall market rebound [1][2] - A total of 32 stocks reached historical highs, predominantly from the banking, pharmaceutical, and food and beverage sectors [3] Fund Flow - On June 4, the net inflow of main funds in the CSI 300 exceeded 3 billion yuan, indicating a recovery in market sentiment [3][4] - Among the 13 sectors with net inflows, electronics, communications, and power equipment led with inflows of 22.99 billion yuan, 13.48 billion yuan, and 11.00 billion yuan respectively [4] - Conversely, sectors such as defense, pharmaceuticals, and automotive experienced net outflows [4] Investment Strategy - Analysts suggest focusing on high-performance consumer leaders and traditional companies with new consumption thinking, as they may benefit from structural opportunities [3][5] - The current market environment is characterized by a focus on safety and stability, with recommendations to invest in dividend-paying stocks and technology sectors [5][6] - The upcoming Lujiazui Forum is expected to announce significant financial policies that could support market expectations [5]

5月A股新开户数156万户，同比增长23% 盘后，大家的情绪慢慢回暖了，市场下跌3天就抱怨，上涨3天就亢奋了。 如果在股市不能管理好自己的情绪，无论怎么努力都是白搭。这个位置的行情很简单，只是需要有自己的交易体系，否则再好的行情也挣不到利润。 对于接下来的行情，分享几个自己的观点。与同频的玩家共享下，欢迎大家批评指正。 | THE FELL . | | 1 25 23 | | | | 304173 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 130 11-20 12 121 " 4, 173 | | 1211 | 12 2 1 | | 48.28 | 1800 | | | | | the was the | | AND CONSTITUTION | | | 32.50 | 22481 | | | | | | | -- | 22 45 | | | all "LA po | 28880 | | | | with and the link | | 20 - 1 - 1 - | | al litt of | | | 1 ...

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 电子消费行业领涨 A 股小幅上行 ——市场分析 相关报告 《市场分析：金融消费行业领涨 A 股震荡上 行》 2025-06-03 《市场分析：银行医药行业领涨 A 股震荡整 固》 2025-05-30 《市场分析：成长行业领涨 A 股震荡上行》 2025-05-29 联系人： 李智 | | | 证券研究报告-市场分析 发布日期：2025 年 06 月 04 日 风险提示：海外超预期衰退，影响国内经济复苏进程；国内政 策及经济复苏进度不及预期；宏观经济超预期扰动；政策超预期 变化；国际关系变化带来经济环境变化；海外宏观流动性超预期 收紧；海外波动加剧。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共7页 地址： 郑州郑东新区商务外环路10 号18 楼 地址： 上海浦东新区世纪大道 1788 号 T1 座 22 楼 投资要点： ◼ A 股市场综述 周三（06 月 04 日）A 股市场高开高走、小幅震荡上行，早盘股指高 开后震荡上行，盘中沪指 ...

投资咨询业务资格:证监许可【2011】1290号 股指日报 股指期货日报 2025年6月4日 王梦颖（Z0015429）、廖臣悦 (F03120676) 股指两连涨，成交额小幅放量 市场回顾 今日股指集体收涨，以沪深300指数为例，收盘上涨0.43%。从资金面来看，两市成交额增加116亿元。期 指均缩量上涨。 重要资讯 1. 美方称中方违反日内瓦会谈共识，对此，外交部发言人林剑表示，商务部发言人此前已就此阐明中方严 正立场。日内瓦共识是中美双方在相互尊重、平等协商的原则下达成的。 2. 美国总统特朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50%，该关税政策自美国东部时 间2025年6月4日凌晨00时01分起生效。美国从英国进口的钢铝关税仍将维持在25%。 核心观点 股指两连涨，但一方面两市成交额没有明显放量，另一方面期指基差变化幅度不大，甚至相比上周五贴水 加深，因此市场情绪没有明显好转。同时海外关税战持续拉扯，关税风波变数较大，外围仍有较大不确定 性，对A股形成压制，预计难以形成持续的上行趋势。6月18日至19日将召开陆家嘴论坛，将发布若干金 融政策，政策利好预期对指数有一定支撑，下方空间有限。 ...

Core Viewpoint - The A-share market is expected to continue rising, but the pace and method of this rise are influenced by various factors, including the performance of key sectors like technology and brokerage firms [1] Group 1: Market Performance - Recent trading patterns show a strong morning performance followed by fluctuations in the afternoon and at the close, indicating a cautious entry of funds into the market [1] - The number of rising stocks has consistently exceeded 3,000, suggesting that there is indeed some capital entering the market, albeit slowly and in a protective manner [1] Group 2: Sector Analysis - The brokerage sector is currently strong, but it cannot drive the market alone; support from the technology sector, particularly semiconductors, is essential for further upward movement [1] - The current trading volume indicates a lack of significant new capital entering the market, which remains in a state of existing capital rotation [1] Group 3: Risks and Cautions - There is a noticeable divergence in fund flows, with significant inflows into consumer and technology sectors, while high-risk sectors are seeing outflows [1] - The market is approaching a consolidation zone, and any attempts to chase high prices could be risky until a clear breakout occurs [1]

Group 1 - The core viewpoint of the article highlights the positive impact of strong performances in the US and Hong Kong markets on the A-share market, suggesting a potential upward movement in A-shares [1][2] - The article notes that the NASDAQ index reached a new high during its recent rebound, with a 0.81% increase, while the Dow Jones index rose by 0.51% [1] - The Hang Seng Index experienced a significant increase of 1.53%, confirming the effectiveness of the support level established during its recent bottoming process [1] Group 2 - The Shanghai Composite Index has formed a typical moving average convergence structure, with six moving averages converging, indicating a potential bullish signal [1] - The Shenzhen Component Index is entering a technical deadlock, suggesting a forthcoming directional choice, with a higher probability of an upward breakout [2] - The CSI 2000 Index, representing small-cap stocks, showed a bullish K-line pattern, indicating a potential upward breakout from its horizontal platform [2]

6月4日， A股开盘，上证指数高开0.04%，深证成指高开0.14%，创业板指高开0.33%。（编辑 王俊勇） ...