中证 1000 较前收盘价上涨-46.8 点，计算机,家用电器,电力设备等板块对指数向下拉动明显。 中证 500 较前收盘价上涨-60.8 点，基础化工,电力设备,电子等板块对指数向下拉动明显。 股指期货日度数据跟踪 2025-11-21 一、指数走势 11 月 20 日，上证综指涨跌幅-0.4%，收于 3931.05 点，成交额 7113.41 亿元，深成指数涨跌幅-0.76%，收于 12980.82 点，成交额 9968.47 亿元。 中证 1000 指数涨跌幅-0.63%，成交额 3567.12 亿元，其中开盘价 7429.7，收盘价 7340.41，当日最高价 7439.04，最低价 7332.32； 中证 500 指数涨跌幅-0.85%，成交额 2541.58 亿元，其中开盘价 7174.1，收盘价 7061.95，当日最高价 7180.73，最低价 7056.9； 沪深 300 指数涨跌幅-0.51%，成交额 4150.65 亿元，其中开盘价 4619.54，收盘价 4564.95，当日最高价 4620.65，最低价 4560.18； 上证 50 指数涨跌幅-0.4%，成交额 1009.82 亿元 ...

1. Index Trends - On November 10, the Shanghai Composite Index rose 0.53% to close at 4018.6 points, with a trading volume of 960.589 billion yuan; the Shenzhen Component Index rose 0.18% to close at 13427.61 points, with a trading volume of 1213.865 billion yuan [1]. - The CSI 1000 Index rose 0.28%, with a trading volume of 433.798 billion yuan. Its opening price was 7568.75, closing price was 7563.25, the highest price was 7592.76, and the lowest price was 7515.68 [1]. - The CSI 500 Index rose 0.22%, with a trading volume of 371.311 billion yuan. Its opening price was 7357.34, closing price was 7343.8, the highest price was 7384.79, and the lowest price was 7289.77 [1]. - The SSE 300 Index rose 0.35%, with a trading volume of 593.977 billion yuan. Its opening price was 4688.12, closing price was 4695.05, the highest price was 4695.18, and the lowest price was 4654.21 [1]. - The SSE 50 Index rose 0.51%, with a trading volume of 139.907 billion yuan. Its opening price was 3043.51, closing price was 3053.86, the highest price was 3054.55, and the lowest price was 3030.23 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 rose 21.37 points from the previous closing price. Sectors such as household appliances, pharmaceuticals and biotech, and basic chemicals significantly pulled the index up, while sectors like machinery, automobiles, and power equipment pulled it down [2]. - The CSI 500 rose 15.89 points from the previous closing price. Sectors such as pharmaceuticals and biotech, non - bank finance, and non - ferrous metals significantly pulled the index up, while sectors like machinery, electronics, and power equipment pulled it down [2]. - The SSE 300 rose 16.26 points from the previous closing price. Sectors such as food and beverage, non - bank finance, and banks significantly pulled the index up, while sectors like machinery, power equipment, and electronics pulled it down [2]. - The SSE 50 rose 15.51 points from the previous closing price. Sectors such as food and beverage, non - bank finance, and banks significantly pulled the index up, while sectors like machinery and electronics pulled it down [2]. 3. Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 57.03, IM01 had - 142.23, IM02 had - 361.89, and IM03 had - 580.67 [12]. - For IC contracts, IC00 had an average daily basis of - 43.2, IC01 had - 107.51, IC02 had - 277.1, and IC03 had - 467.73 [12]. - For IF contracts, IF00 had an average daily basis of - 9.52, IF01 had - 25.0, IF02 had - 54.69, and IF03 had - 98.5 [12]. - For IH contracts, IH00 had an average daily basis of - 0.02, IH01 had - 1.49, IH02 had - 5.36, and IH03 had - 11.46 [12]. 4. Stock Index Futures Roll - over Point Differences and Annualized Costs - Data on IM, IC, IF, and IH roll - over point differences and their annualized costs are presented in the report, including detailed values at different time points [20][21][22]

Core Viewpoint - The A-share market experienced a collective rise in the three major indices during the morning session, indicating positive investor sentiment and market activity [1]. Group 1: Market Performance - The Shanghai Composite Index increased by 0.88%, closing at 4004.25 points [1]. - The Shenzhen Component Index and the ChiNext Index both rose by 1.39% [1]. - The total trading volume in the Shanghai and Shenzhen markets reached 13,378 billion yuan, an increase of 1,881 billion yuan compared to the previous day [1]. Group 2: Sector Performance - Leading sectors included phosphorus chemical, aluminum metal, storage chips, and controllable nuclear fusion [1]. - The Hainan Free Trade Zone sector experienced a pullback, while tourism, film and television, and duty-free shop sectors declined [1]. - Over 2,700 individual stocks in the market saw an increase [1].

1. Index Trends - On October 23, the Shanghai Composite Index rose 0.22% to close at 3,922.41 points with a trading volume of 718.931 billion yuan; the Shenzhen Component Index rose 0.22% to close at 13,025.45 points with a trading volume of 924.978 billion yuan [1] - The CSI 1000 Index fell 0.06% with a trading volume of 328.575 billion yuan, opening at 7,292.39, closing at 7,308.1, with a daily high of 7,319.55 and a low of 7,192.42 [1] - The CSI 500 Index rose 0.2% with a trading volume of 286.304 billion yuan, opening at 7,108.85, closing at 7,142.95, with a daily high of 7,153.66 and a low of 7,022.29 [1] - The SSE 50 Index rose 0.56% with a trading volume of 121.208 billion yuan, opening at 3,002.0, closing at 3,026.9, with a daily high of 3,030.8 and a low of 2,985.43 [1] - The SSE 300 Index rose 0.3% with a trading volume of 420.8 billion yuan, opening at 4,578.7, closing at 4,606.34, with a daily high of 4,611.34 and a low of 4,541.69 [1] 2. Impact of Sector Movements on Indexes - The CSI 1000 rose -4.11 points compared to the previous close. Computer, coal, and power equipment sectors had a significant upward pull, while machinery, electronics, and pharmaceutical sectors had a downward pull [3] - The CSI 500 rose 14.47 points compared to the previous close. Computer, non - bank finance, and non - ferrous metals sectors had a significant upward pull, while automobile, electronics, and pharmaceutical sectors had a downward pull [3] - The SSE 300 rose 13.77 points compared to the previous close. Non - bank finance, bank, and power equipment sectors had a significant upward pull, while communication and electronics sectors had a downward pull [3] - The SSE 50 rose 16.8 points compared to the previous close. Bank, non - bank finance, and non - ferrous metals sectors had a significant upward pull, while the electronics sector had a downward pull [3] 3. Futures Basis and Annualized Opening Costs - IM00 average daily basis was -89.61, IM01 was -165.46, IM02 was -377.02, IM03 was -590.15 [13] - IC00 average daily basis was -73.27, IC01 was -129.89, IC02 was -291.47, IC03 was -470.15 [13] - IF00 average daily basis was -19.56, IF01 was -32.81, IF02 was -59.4, IF03 was -98.58 [13] - IH00 average daily basis was -5.81, IH01 was -5.96, IH02 was -5.77, IH03 was -7.96 [13] 4. 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 [26] - 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 [23] - 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 [27] - 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 1.4593333, IH00 - 02 was 1.3637778, etc [25]

Core Viewpoint - The three major stock indices opened higher, indicating a positive market sentiment at the start of the trading day [1] Group 1: Stock Indices Performance - The Shanghai Composite Index opened at 3865.98 points, up 0.14% [1] - The Shenzhen Component Index opened at 13017.58 points, up 0.09% [1] - The ChiNext Index opened at 3072.3 points, up 0.2% [1] Group 2: Sector Performance - Precious metals, gold, and coal sectors showed significant gains [1] - The poultry, pork, seed industry, and internet insurance sectors performed poorly [1]

1. Index Trends - On July 29th, the Shanghai Composite Index rose 0.33% to close at 3609.71 points with a trading volume of 793.606 billion yuan; the Shenzhen Component Index rose 0.64% to close at 11289.41 points with a trading volume of 1009.564 billion yuan [1]. - The CSI 1000 Index rose 0.65% with a trading volume of 383.704 billion yuan, opening at 6724.32, closing at 6773.88, having a high of 6773.88 and a low of 6684.16 [1]. - The CSI 500 Index rose 0.52% with a trading volume of 292.527 billion yuan, opening at 6308.12, closing at 6356.13, having a high of 6356.15 and a low of 6272.31 [1]. - The SSE 50 Index rose 0.21% with a trading volume of 111.954 billion yuan, opening at 2802.78, closing at 2808.59, having a high of 2813.74 and a low of 2795.6 [1]. - The SSE 300 Index rose 0.39% with a trading volume of 428.764 billion yuan, opening at 4132.68, closing at 4152.02, having a high of 4153.33 and a low of 4117.58 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 rose 43.9 points from the previous close, with sectors such as Medicine & Biology, Electronics, and Computer significantly pulling the index up [3]. - The CSI 500 rose 32.71 points from the previous close, with sectors such as Electronics, Medicine & Biology, and National Defense & Military Industry significantly pulling the index up [3]. - The SSE 300 rose 16.2 points from the previous close, with sectors such as Communication, Medicine & Biology, and Electronics significantly pulling the index up, while the Banking sector pulled it down [3]. - The SSE 50 rose 5.82 points from the previous close, with sectors such as Medicine & Biology, Electronics, and National Defense & Military Industry significantly pulling the index up, while sectors like Non - Banking Finance, Banking, and Non - Ferrous Metals pulled it down [3]. 3. Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 55.39, IM01 of - 128.53, IM02 of - 316.31, and IM03 of - 482.97 [13]. - For IC contracts, IC00 had an average daily basis of - 47.12, IC01 of - 103.2, IC02 of - 239.59, and IC03 of - 362.3 [13]. - For IF contracts, IF00 had an average daily basis of - 6.59, IF01 of - 18.46, IF02 of - 50.91, and IF03 of - 85.84 [13]. - For IH contracts, IH00 had an average daily basis of - 0.08, IH01 of - 0.44, IH02 of 0.89, and IH03 of 1.65 [13]. 4. Stock Index Futures Roll - over Point Differences and Annualized Costs - Detailed data on roll - over point differences and their annualized costs for IM, IC, IF, and IH contracts are provided at different time points from 09:45 to 15:00 [24][25][26][27].

1. Index Trends - On July 01, the Shanghai Composite Index rose 0.39% to close at 3457.75 points, with a trading volume of 553.557 billion yuan; the Shenzhen Component Index rose 0.11% to close at 10476.29 points, with a trading volume of 912.459 billion yuan [1]. - The CSI 1000 Index rose 0.28%, with a trading volume of 334.302 billion yuan, opening at 6358.06, closing at 6373.77, with a daily high of 6373.77 and a low of 6308.06 [1]. - The CSI 500 Index rose 0.33%, with a trading volume of 213.596 billion yuan, opening at 5915.8, closing at 5934.67, with a daily high of 5936.92 and a low of 5890.11 [1]. - The SSE 50 Index rose 0.21%, with a trading volume of 66.144 billion yuan, opening at 2714.97, closing at 2717.71, with a daily high of 2721.4 and a low of 2708.19 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 rose 17.59 points from the previous close. Sectors such as Medicine and Biology, Non - ferrous Metals, and Basic Chemicals significantly pulled the index up, while Non - Banking Finance and Computer sectors pulled it down [3]. - The CSI 500 rose 19.28 points from the previous close. Sectors like Medicine and Biology, Electronics, and Non - ferrous Metals significantly pulled the index up, while Power Equipment and Computer sectors pulled it down [3]. - The SSE 50 rose 5.72 points from the previous close. Sectors including Banking, Non - ferrous Metals, and Medicine and Biology significantly pulled the index up, while Power Equipment, Food and Beverage, and Electronics sectors pulled it down [3]. 3. Futures Basis and Annualized Opening Costs - IM00 had an average daily basis of - 77.15, IM01 of - 151.38, IM02 of - 226.11, and IM03 of - 403.9 [13]. - IC00 had an average daily basis of - 57.04, IC01 of - 105.34, IC02 of - 158.75, and IC03 of - 282.0 [13]. - IF00 had an average daily basis of - 27.6, IF01 of - 43.21, IF02 of - 52.91, and IF03 of - 86.83 [13]. - IH00 had an average daily basis of - 20.26, IH01 of - 24.66, IH02 of - 26.31, and IH03 of - 27.13 [13]. 4. Futures Roll - over Point Differences and Annualized Costs - The report provides data on the roll - over point differences and their annualized costs for IM, IC, IF, and IH futures contracts at different 15 - minute intervals throughout the trading day [22][24][26].

Index Trends - On June 17th, the Shanghai Composite Index had a change of -0.04%, closing at 3387.4 points with a trading volume of 458.038 billion yuan; the Shenzhen Component Index had a change of -0.12%, closing at 10151.43 points with a trading volume of 749.175 billion yuan [1] - The CSI 1000 Index had a change of -0.1%, with a trading volume of 260.874 billion yuan, an opening price of 6153.15, a closing price of 6141.47, a daily high of 6171.17, and a daily low of 6120.57 [1] - The CSI 500 Index had a change of -0.29%, with a trading volume of 160.122 billion yuan, an opening price of 5772.3, a closing price of 5750.91, a daily high of 5776.63, and a daily low of 5734.83 [1] - The SSE 50 Index had a change of -0.04%, with a trading volume of 63.517 billion yuan, an opening price of 2685.39, a closing price of 2683.95, a daily high of 2688.61, and a daily low of 2672.68 [1] Impact of Sector Movements on Indexes - The CSI 1000 rose -5.99 points compared to the previous closing price. Sectors such as power equipment, transportation, and non - bank finance significantly pulled the index up, while sectors like non - ferrous metals, media, and pharmaceuticals pulled it down [3] - The CSI 500 rose -16.9 points compared to the previous closing price. The computer sector significantly pulled the index up, while electronics, media, and pharmaceuticals pulled it down [3] - The SSE 300 rose -3.42 points compared to the previous closing price. Utilities, coal, and household appliances significantly pulled the index up, while electronics, banking, and pharmaceuticals pulled it down [3] - The SSE 50 rose -1.06 points compared to the previous closing price. Food and beverage, coal, and utilities significantly pulled the index up, while automotive, electronics, and pharmaceuticals pulled it down [3] Futures Basis and Annualized Opening Costs - For IM futures, IM00 had an average daily basis of -19.9, IM01 of -112.91, IM02 of -275.04, and IM03 of -454.42 [13] - For IC futures, IC00 had an average daily basis of -10.22, IC01 of -80.18, IC02 of -186.51, and IC03 of -311.44 [13] - For IF futures, IF00 had an average daily basis of -5.49, IF01 of -46.68, IF02 of -74.45, and IF03 of -105.66 [13] - For IH futures, IH00 had an average daily basis of -5.85, IH01 of -42.29, IH02 of -43.99, and IH03 of -46.18 [13] Futures Roll - over Point Differences and Annualized Costs - For IC futures, data shows point differences and annualized costs at different time intervals, such as at 09:45, IC00 - 01 was -26.1467, IC00 - 02 was -90.0318, etc. [25] - For IF futures, at 09:45, IF00 - 01 was -5.99267, IF00 - 02 was -13.4098, etc. [25] - For IH futures, at 09:45, IH00 - 01 was -1.29644, IH00 - 02 was 1.559889, etc. [29] - For IM futures, at 09:45, IM00 - 01 was -53.1193, IM00 - 02 was -158.791, etc. [28]

Market Performance - A-shares opened with mixed results, with the Shanghai Composite Index down by 0.09% and the Shenzhen Component Index up by 0.09% [1] - The ChiNext Index increased by 0.2% [1] Sector Performance - The controllable nuclear fusion, duty-free shops, and electric power sectors led the gains [1] - The Hainan, real estate, and dairy sectors experienced declines [1]