A股市场资金面

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股票型ETF成交额连续6个交易日超千亿元,释放什么信号?
Sou Hu Cai Jing· 2025-08-20 14:55
伴随行情升温,券商为拉新客户发起的佣金战也愈演愈烈,部分券商ETF与可转债佣金已低至万分之 0.5。数据显示,8月18日,股票型ETF的规模从32097.75亿元提升到32506.13亿元,增量规模为408.38亿 元,提升幅度为1.27%。 (央视财经《经济信息联播》)作为资金入市的重要渠道,股票型ETF近日成交持续活跃。 截至8月20日,股票型ETF已经连续6个交易日突破千亿元。与此同时,在8月18日大涨行情中,756只股 票ETF实现了规模提升,在全部约1007只股票ETF中占比超过了70%。其中有12只ETF规模增长超过10 亿元。 中国银河证券首席策略分析师 杨超:从规模增长的数量占比来看,近期A股大涨的确激发起了市场热 情,但投资者预期转变和主力资金形成势能是需要时间的。股票ETF的规模增长,匹配当前的市场量 能、指数上涨速率。 中金公司研究部首席宏观分析师 张文朗:过往一段时间里,股票ETF的日均成交额等指标已在持续改 善。但经历前几天连续上涨后,投资者需要关注资金获利了结的波动,从中期维度看,要重视A股市场 资金面的变化。 转载请注明央视财经 编辑:王昕宇 ...
资金流向和中短线指标体系跟踪(十三):公募新规落地,主动偏股仓位大幅调整
Soochow Securities· 2025-05-12 14:55
Group 1: Macro Liquidity and Market Trends - The central bank's open market operations resulted in a net withdrawal of 781.7 billion yuan, with reverse repos totaling 836.1 billion yuan and withdrawals of 1,617.8 billion yuan[9] - The 1Y and 10Y government bond yields fell to 1.42% and 1.64%, respectively, indicating a strengthening bond market[13] - The offshore RMB exchange rate slightly appreciated to 7.25 yuan against the USD, while the China-US interest rate spread widened[13] Group 2: A-share Market Dynamics - A-shares saw a daily average trading volume of 13,534.26 billion yuan, an increase of 2,495.56 billion yuan from the previous period, indicating a recovery in market activity[18] - Net inflow of funds into A-shares reached 10.6 billion yuan, driven by a recovery in risk appetite and leverage funds returning to the market[22] - Retail investor sentiment improved, with net inflows from retail investors increasing to 61.8 billion yuan, up 14.8 billion yuan from the previous period[25] Group 3: Fund Flows and ETF Trends - New issuance of equity funds decreased to 6.08 billion yuan, down 6.65 billion yuan, influenced by the launch of index-related products[39] - Equity ETFs experienced a net outflow of 11.18 billion yuan, while sector-specific ETFs saw a net inflow of 6.1 billion yuan, indicating a shift in investor focus[43] - The top three ETFs with net inflows were the Huaxia SSE Sci-Tech 50 ETF, with 1.85 billion yuan, and the Jiashi SSE Sci-Tech Chip ETF, with 0.96 billion yuan[49]