早评
　　期指
　　1、基本面：隔夜美股涨跌不一，昨日两市分化，银行保险地产走弱，电新光伏和小盘股走强，市场分化；中性
　　2、资金：融资余额14883亿元，减少30亿元，沪深股通净买入1亿元；偏空
　　3、基差：IH2303升水1.06点，IF2303贴水6.01点，中性
　　IC2303贴水31.22点，IM2303贴水40.64点，偏空
　　4、盘面：IC>IM>IF> IH（主力），IC、IM、IH、IF在20日均线上方，偏多
　　5、主力持仓：IC主力空增，IF主力空增，IH主力空增，偏空
　　6、预期：美债收益率高位回落，美股科技股反弹，预期改善促进中字头股票估值反弹，沪指突破前期压力位，然而今年GDP增速处于市场预期下沿，国防开支增加，地产销售不见拐点，金融权重受到压制，指数整体上方压力明显。
　　

研究报告全文：证券代码839979股指期货早报2023年3月7日杜淑芳投资咨询资格证号Z0000690联系电话0575-85226759早评期指1基本面隔夜美股涨跌不一昨日两市分化银行保险地产走弱电新光伏和小盘股走强市场分化中性2资金融资余额14883亿元减少30亿元沪深股通净买入1亿元偏空3基差IH2303升水106点IF2303贴水601点中性IC2303贴水3122点IM2303贴水4064点偏空4盘面ICIMIFIH主力ICIMIHIF在20日均线上方偏多5主力持仓IC主力空增IF主力空增IH主力空增偏空6预期美债收益率高位回落美股科技股反弹预期改善促进中字头股票估值反弹沪指突破前期压力位然而今年GDP增速处于市场预期下沿国防开支增加地产销售不见拐点金融权重受到压制指数整体上方压力明显股指期货升贴水表当前日期202336数据来源wind市盈率取PETTM指数代码简称合约价格涨跌幅成交量指数价格涨跌幅市盈率市净率股息率价差升贴水比例年化升贴水合约价值元手交割日剩余期限IH2303CFEIH2303274520-132432461060041288235602023-03-1711IH2304CFEIH2304275200-12831227860292278256002023-04-2146上证50274414-109979129379IH2306CFEIH2306275040-132102896260230818251202023-06-16102IH2309CFEIH2309272100-1383882-2314-085-1618163002023-09-15193指数代码简称合约价格涨跌幅成交量指数价格涨跌幅市盈率市净率股息率价差升贴水比例年化升贴水合约价值元手交割日剩余期限IF2303CFEIF2303410300-08367917-601-015-48612309002023-03-1711IF2304CFEIF2304411000-0816791709900201912330002023-04-2146沪深300410901-0521211143268IF2306CFEIF2306410100-08516358-801-020-07012303002023-06-16102IF2309CFEIF2309405200-1005729-5701-141-26612156002023-09-15193指数代码简称合约价格涨跌幅成交量指数价格涨跌幅市盈率市净率股息率价差升贴水比例年化升贴水合约价值元手交割日剩余期限IC2303CFEIC2303636400-01745103-3122-049-162812728002023-03-1711IC2304CFEIC2304635560-0134191-3962-062-49512711202023-04-2146中证5006395220082468183171IC2306CFEIC2306629500-02311445-10022-159-57012590002023-06-16102IC2309CFEIC2309621320-0307101-18202-293-55412426402023-09-15193指数代码简称合约价格涨跌幅成交量指数价格涨跌幅市盈率市净率股息率价差升贴水比例年化升贴水合约价值元手交割日剩余期限IM2303CFEIM230369564002031889-4064-058-193913912802023-03-1711IM2304CFEIM23046930000193088-6704-097-76813860002023-04-2146中证10006997040423137244106IM2306CFEIM23066848800137964-14824-216-77513697602023-06-16102IM2309CFEIM23096740000073417-25704-381-72113480002023-09-15193期货市场-沪深300基差与价差沪深300基差沪深300价差100100505000-50-50-100-100-150-150-20020228420221520222920223920224820226920227720229120232620233620211272022119202222320223232022422202251120225252022623202272120228182022916202293020221142022122202311620232202022162022392022482022692022772022842022912023262023362021112320211221202210212022111820221216202212302022223202322020211282022120202221020223232022422202251120225252022623202272120228182022916202293020221142022122202311620211110202111242021122220221021202211182022121620221230价差01-00价差02-00价差03-00IF00IF01IF02IF03价差02-01价差03-01价差03-02期货市场-上证50基差与价差上证50基差上证50价差604040202000-20-20-40-40-60-60-80-80-100-100-12020221520222920223920224820226920227720228420229120232620233620225252022122202112720221192022223202232320224222022511202262320227212022818202291620229302022114202311620232202021122120211123202210212022111820221216202212302022162022392022482022692022772022842022912023262023362022818202112820221202022210202222320223232022422202251120225252022623202272120229162022930202211420221222023116202322020221216202111242021122220221021202211182022123020211110价差01-00价差02-00价差03-00IH00IH01IH02IH03价差02-01价差03-01价差03-02期货市场-中证500基差与价差中证500基差中证500价差100100505000-50-50-100-100-150-150-200-250-200-300-250-350-300-400-350-4002022342022472023212023332022112202212720222182022321202242220225122022527202261420226292022714202272920228152022830202291520229302022118202212820231102023216202111102021112520211210202112272022102420221123202212232022332022462023192023322022111202231820211292022126202221720224212022511202252620226132022628202271320227282022812202282920229142022929202211720221272023131202321520211224202210212022112220221222IC00IC01IC02IC0320211124价差01-00价差02-00价差03-00价差02-01价差03-01价差03-02现货市场-重要指数日涨跌幅上沪万中深创证上深得证科业500300证证创50指50全成板数A指指100087050038008000-012-008-019-050-052-100-109-150现货市场-风格指数日涨跌幅低高中市市市盈大小盈盈率盘盘率率指指指指指300300300300数数数数数周非申申申价申申成万万万万万期周值长100074056050025013NA000-004-050-059-100-121-150-137现货市场-风格指数日涨跌幅农基有家食纺轻医公交商社建建电国非机石美林础色用品织工药用通房贸会筑筑力防计银械油容牧化钢金电电饮服制生事运地零服综材装设军算传通银金汽设煤石环护渔工铁属子器料饰造物业输产售务合料饰备工机媒信行融车备炭化保理申申申申申申申申申申申申申申申申申申申申申申申申申申申申申申申万万万万万万万万万万万万万万万万万万万万万万万万万万万万万万万250200182150136108100071054044040050031008000-007-020-014-050-026-028-040-041-036-036-064-072-100-075-076-099-098-110-113-150-144-160-159-200-192-210-250市场结构-AH股折溢价恒生AH溢价指数16015515014514013513012520220926202211042022120820230112202206092022061520220621202206272022070120220707202207132022071920220725202207292022080420220810202208162022082220220826202209012022090720220914202209202022093020221013202210192022102520221031202211102022111620221122202211282022120220221214202212202022122620221230202301062023011820230131202302062023021020230216202302222023022820230306市场结构-市盈率PETTM上证50沪深300中证500和创业板指市盈率PE160140120100806040200200412200574200629200696200835200958201163201214201288201375201495201633201759201963202086201071320192152019912200442320048102005317200652920074132007731200861920081072009119200982020091282010326201011220112182011915201242520133152014211201452720154152015728201661720169292017117201782120171262018326201871120204212021312202162920221272022520202283120041125200510192006122220071115201211232013102420141224201511162018102920191231202011242021101820221219上证50沪深300创业板指中证500市场结构-市净率PB上证50沪深300中证500和创业板指市净率PB16141210864202004122008182012142004932005142005952006152006962007192007962008932009162009582009922010142010562010912011152011912012932013142013962014192014952015182015972016162016592016912017142017592017912018122018582019122019582020572020912021572022592004513200551320065162007516200851220115102012510201351320145142015512201883020198302021831202283120191231202012312021123120221230上证50沪深300中证500创业板指市场资金面-股市资金流入10006000500500004000-5003000-10002000-15001000-20000202178202192202169202185202214202228202237202246202259202267202275202282202322202332202152620216242021722202181920219162021118202112620221182022222202232120224202022523202262120227192022816202283020229142022928202211220231122023216202110112021102520211122202112202022101920221116202211302022121420221228A股资金净流入沪深300右轴市场资金面-两融余额20000600018000500016000140004000120001000030008000200060004000100020000020210917202112242022111620210526202106082021062220210705202107162021072920210811202108242021090620211011202110222021110420211117202111302021121320220107202201202022020920220222202203042022031720220330202204142022042720220513202205262022060920220622202207052022071820220729202208112022082420220906202209202022101020221021202211032022112920221212202212232023010620230119202302082023022120230306两融余额沪深300右轴市场资金面-沪深股通沪深股通净流入250200150100500-50-100-150-200202168202177202182202198202216202228202232202285202315202327202333202241220225312022712202152620216222021720202181320218262021927202111120211282022119202222120223152022328202242820225182022614202262720227252022818202283120229142022927202212620231182023220202110192021111220211125202112212022101720221028202211102022112320221219成交净流入-北向合计北向合计亿元人民币成交净买入50000000400000002015300000002016201720182000000020192020100000002021202200000123456789101112-10000000成交净流入-沪股通沪股通亿元人民币成交净买入2500000020000000201515000000201620172018100000002019202050000002021202200000123456789101112-5000000成交净买入-深股通深股通亿元人民币成交净买入3000000025000000200000002017150000002018201910000000202020215000000202200000123456789101112-5000000-10000000市场资金面-解禁市场资金面-资金成本35325215120220609202208222023011220220615202206212022062720220701202207072022071320220719202207252022072920220804202208102022081620220826202209012022090720220914202209202022092620220930202210132022101920221025202210312022110420221110202211162022112220221128202212022022120820221214202212202022122620221230202301062023011820230131202302062023021020230216202302222023022820230306SHIBOR隔夜SHIBOR一周SHIBOR两周