Fund Speculation Is Active Or Vigilant.

Yangchun's steady growth measures in March, "good play", prompted the A share market to be unusually hot, and the performance in stock index futures was also noteworthy.

This week, the main contract of stock index futures appeared obvious shift contract characteristics, IF04 contracts continued to lighten up, while IF05 contracts were heavily added. On Monday, the IF1504 contract was held at 143232 hands, and then dropped to 131362 on Friday. Meanwhile, the IF1505 position increased from 5582 to 10734 on Monday.

This week, the volatility of stock index futures increased, but eventually hit a new high since the listing. In March 30th, stock index futures rose again after a week of shock adjustment, and the IF1504 contract rose to 3.89%. In March 31st, stock index futures fell sharply, with a sharp adjustment, and IF1504 contracts fell by 2.53%. In from April 1st to 3rd, the IF1504 contract, the 1505 contract, the 1506 contract and the 1509 contract ended at 4206 points, 4223.8 points, 4224 points and 4231 points respectively.

However, because blue chip stocks and other stock indexes are not cheap, and the social security fund participates in local debt investment, this means that China will not implement the Euramerican asset purchase plan. Coupled with the implementation of the short term cycle under the long term recovery of the real estate recovery, the recovery of financial expenditure is limited, which means that the intensity and scope of the stock index will slow down in the future.

On Monday, stock futures contracts were held at 238425 hands, but on Thursday they dropped slightly to 224380, and Friday returned slightly to 233020. In terms of institutional positions, the top three positions in the 1504 contracts are CITIC futures, Haitong futures and China Everbright futures, holding more than one single 12893 hands, 9779 hands and 7808 hands, including Haitong and Everbright futures holdings. The top three contracts for the 1504 contracts are Haitong futures, CITIC futures and GF futures. They hold 13809 hands, 13197 hands and 8609 hands respectively. As a result, CITIC futures holds 304 hands in IF1504 space. Haitong futures Holding a net of 4030 hands, while Everbright futures holds more than 2889 hands for IF1504 contracts. The top twenty positions in the IF1504 contract were consolidated, of which the top twenty positions were 96866, while short positions were 109906.

By Friday, the top three holders of IF1504 contracts were CITIC futures Yongan futures and Haitong futures are 14144 hands, 8379 hands and 7983 hands respectively. The three seats in the short positions held in the IF1504 contract are CITIC futures, Haitong futures and Galaxy futures, which are 12739 hand, 11260 hands and 7680 hands respectively. Compared with Monday's position, the top three multi position positions increased slightly, while the top three positions. Short seats The decline is obvious, in which CITIC futures and Haitong futures are more obvious. In the first twenty positions, 91896 shares were held in the first more than 20 positions, 4970 fewer than those on Monday, and 99697 in the first twenty positions, down 10209 from Monday. If combined with IF1505 contracts, some of the funds will be substantially increased in the long term. Therefore, the observation of the top twenty positions shows that the current capital has not been withdrawn, but has been strengthened and the market speculation atmosphere is strong.