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宝城期货股指期货早报-20250902
Bao Cheng Qi Huo· 2025-09-02 01:44
Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The overall view for financial futures in the stock index sector is that the market sentiment is positive, and the upward trend remains unchanged. However, there are short - term disagreements, and the stock index is expected to have a loose and volatile trend in the short term. For IH2509, the short - term view is oscillatory, the medium - term view is upward, the intraday view is oscillatory and bullish, and the overall view is upward [1][5]. 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, the short - term is oscillatory, the medium - term is upward, the intraday is oscillatory and bullish, and the overall view is upward. The core logic is that the positive policy expectations provide strong support [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - **Market Performance**: The stock indexes oscillated and consolidated yesterday. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2777.6 billion yuan, a decrease of 52.5 billion yuan from the previous day. The trading volume is still at a high level, indicating an optimistic market sentiment [5]. - **Short - term Risk**: Some stocks have achieved large gains, and there is a risk of technical adjustment due to profit - taking of profitable funds. There is a need for capital rotation between high - and low - valued stocks [5]. - **Driving Forces**: The main driving forces for the stock index rebound are positive policy expectations and loose capital liquidity. Anti - involution and consumption - promotion policies optimize the supply - demand structure, promote the moderate recovery of price indices, and repair corporate profits. In terms of capital, the margin trading balance has risen rapidly, non - bank deposits have increased sharply, and long - term funds have continued to enter the market, driving up the logic of stock valuation repair [5].