[Table_Reportdate] 2025年07月11日 总 量 研 究 [创业板月线技术条件相近于 Table_NewTitle] 2019年12月 突破前状态 ——技术分析行业指数简评 [证券分析师 Table_Authors] 王洋 S0630513040002 wangyang@longone.com.cn [相关研究 Table_Report] 1.《波浪里前行 上证指数目前或处 于黎明的曙光中》 2.《上证指数或酝酿反弹动能——技 术分析上证指数系列》 3.《上证指数短线或有反弹需求—— 技术分析上证指数简评》 4.《上证指数或有进一步震荡盘升动 能——技术分析上证指数简评》 5.《上证指数短线技术条件明显修 复，回落空间小上涨空间大——技术 分析上证指数简评》 6.《证券板块技术条件有所向好，上 涨空间大回落空间小——技术分析 行业板块简评》 7.《保险板块或已走出下降趋势，上 涨空间大回落空间小——技术分析 行业板块简评》 8.《若有效上破3418点压力位，指数 或有进一步盘升动能——技术分析 上证指数简评》 9.《证券板块在短线整理充分后，或 仍有震荡盘升动能——技术分析行 业板块简评》 ...

Group 1 - The wholesale price index in Germany for June increased by 0.2% month-on-month, compared to a previous value of -0.3% [1]

Core Insights - The wholesale price index in Germany for June increased by 0.9% year-on-year, compared to a previous value of 0.4% [1] Group 1 - The current wholesale price index indicates a rising trend in prices, suggesting potential inflationary pressures in the German economy [1] - The increase from 0.4% to 0.9% year-on-year reflects a significant change in the pricing environment, which may impact various sectors [1] - This data point could influence monetary policy decisions and investor sentiment regarding the German market [1]

Group 1 - The UK's service sector index for May shows a year-on-year growth of 0.8%, matching expectations and slightly down from a revised previous value of 1% [1]

Core Insights - The wholesale price index in Germany for June shows a year-on-year increase of 0.9%, compared to a previous value of 0.4% [1] Group 1 - The current wholesale price index indicates a rising trend in wholesale prices, which may impact inflation and purchasing power [1]

Group 1 - The UK services sector index for May showed a month-on-month increase of 0.1%, aligning with expectations of 0.10% [1] - The previous value was revised from -0.40% to -0.3%, indicating a slight improvement in the services sector [1]

Core Viewpoint - The wholesale price index in Germany for June increased by 0.2%, contrasting with a previous decline of -0.3% [1] Group 1 - The current month’s wholesale price index indicates a slight recovery in pricing trends within the German market [1] - The previous month's decline suggests potential volatility in wholesale prices, which may impact inflation expectations [1]

Core Viewpoint - The banking sector continues its upward trend, with major banks' stock prices reaching historical highs, and the low volatility dividend index also showing strong performance, indicating a favorable investment environment for dividend-focused assets [1][2]. Group 1: Market Performance - As of July 10, the banking sector's major banks have surpassed previous highs, setting new historical records [1]. - The low volatility dividend index has broken the 11,940 point mark, achieving a new high since its inception on May 12, 2030, with an annualized growth rate of 8.46% over the next four years [1]. - The low volatility dividend ETF (512890) has attracted over 520 million net inflows over four consecutive trading days, reaching a fund size of over 20 billion, making it the only low volatility dividend ETF in the A-share market to exceed this threshold [1]. Group 2: Fund Performance - The low volatility dividend ETF (512890) has consistently delivered positive returns every year since its inception in late 2018, ranking first among its peers in terms of five-year returns as of June 30 [1]. - The ETF has reached a record high in both fund shares and size, with 16.721 billion shares and 20.535 billion yuan in assets as of July 10 [1]. Group 3: Investor Interest - The low volatility dividend ETF (512890) is expected to remain a key option for investors seeking high dividend assets, with its linked funds also gaining popularity among retail investors [2]. - The linked funds have a holder count of 829,800, making it the only dividend theme index fund with over 800,000 holders in the market [2]. - The linked fund has achieved over 20 cumulative dividend distributions and has maintained monthly dividends for 22 consecutive months as of July 10 [2]. Group 4: Management Expertise - Huatai-PB Fund, one of the first ETF managers in China, has over 18 years of experience in managing dividend index investments, with a total management scale of 42.42 billion yuan across its dividend-themed ETFs as of July 10 [3].

中国台湾证交所加权股价指数收高0.3%，报22,751.03点。 ...

台湾加权指数7月11日（周五）收盘上涨57.78点，涨幅0.25%，报22751.03点。 ...