粤开市场日报-20250407 证券研究报告 | 策略点评 2025 年 04 月 07 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 今日关注 指数涨跌情况：今日 A 股主要宽基指数全数下跌。截止收盘，沪指跌 7.34%， 收报 3096.58 点；深证成指跌 9.66%，收报 9364.50 点；创业板指跌 12.50%， 收报 1807.21 点；科创 50 跌 9.22%，收报 924.17 点。总体上全天个股涨少跌 多，Wind 数据显示，全市场 104 只个股上涨，5280 只个股下跌，16 只个股收 平。沪深两市今日成交额合计 15878 亿元，较上个交易日放量约 4502 亿元。 行业涨跌情况：今日申万一级行业全数下跌，计算机、机械设备、传媒、电 力设备和通信行业领跌，跌幅分别为12.55%、12.19%、12.12%、12.12%和11.72% 板块涨跌情况：今日涨幅居前概念板块为生物育种、血液制品、鸡产业、富 时罗素、富时罗素、连板、首板、打板、乳业、猪产业、动物疫苗、银行、 稀土、乡村振兴、饮料制造 ...

证券研究报告 | 策略点评 2025 年 04 月 03 日 投资要点 分析师：李兴 执业编号：S0300518100001 电话：010-83755576 邮箱：lixing@ykzq.com 投资策略研究 粤开市场日报-20250403 今日关注 指数涨跌情况：今日 A 股主要指数收跌。截止收盘，沪指跌 0.24%，收报 3342.01 点；深证成指跌 1.40%，收报 10365.73 点；科创 50 跌 0.46%，收报 1018.07 点；创业板指跌 1.86%，收报 2065.40 点。总体上，全天个股涨少跌多，Wind 数据显示，全市场 2069 只个股上涨，3156 只个股下跌，174 只个股收平。沪 深两市今日成交额合计 11376 亿元，与上个交易日相较放量 1631.28 亿元。 行业涨跌情况：今日申万一级行业农林牧渔、公用事业、食品饮料、房地产、 社会服务、钢铁、商贸零售、建筑材料等行业涨幅靠前，家用电器、电子、 汽车、电力设备、机械设备、通信等行业跌幅靠前。 板块涨跌情况：今日涨幅居前概念板块为动物保健、鸡产业、统一大市场、 乳业、水电、生物育种、智能物流、近端次新股、人、猪产业、旅 ...

证券研究报告 | 宏观深度 2025 年 04 月 03 日 投资要点 分析师：罗志恒 执业编号：S0300520110001 电话：010-83755580 邮箱：luozhiheng@ykzq.com 分析师：马家进 执业编号：S0300522110002 电话：13645711472 邮箱：majiajin@ykzq.com 研究助理：孙文婷 邮箱：sunwenting1@ykzq.com 近期报告 《【粤开宏观】"土地财政"何去何从？》 2025-03-23 《【粤开宏观】1998-2024 年中国各省份土 地出让收入排名变迁》2025-03-23 《【粤开宏观】如何理解 1-2 月经济数据 "开门红"？》2025-03-17 宏观研究 【粤开证券】特朗普"对等关税"为 何远超市场预期？影响及下一步 事件 当地时间 4 月 2 日，特朗普援引《国际紧急经济权力法》（IEEPA），正式宣布 对全球加征对等关税。对全球进口商品加征 10%的基准关税，于 4 月 5 日生 效；并对部分经济体征收更高的税率，暂定 4 月 9 日生效。其中，对中国、 欧盟、日本、越南、印度分别加征 34%、20%、24%、46 ...

证券研究报告 | 策略点评 2025 年 4 月 2 日 投资要点 分析师：李兴 执业编号：S0300518100001 电话：010-83755576 邮箱：lixing@ykzq.com 投资策略研究 粤开市场日报-20250402 今日关注 指数涨跌情况：今日 A 股主要指数涨跌互现。截止收盘，沪指涨 0.05%，收报 3350.13 点；深证成指涨 0.09%，收报 10503.12 点；科创 50 跌 0.16%，收报 1022.75 点；创业板指涨 0.13%，收报 2104.63 点。总体上，全天个股涨跌参 半，Wind 数据显示，全市场 2755 只个股上涨，2425 只个股下跌，218 只个股 收平。沪深两市今日成交额合计 9745 亿元，与上个交易日相较缩量 1577.74 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，纺织服饰、美容护理、通信、 银行、综合、非银金融等行业涨幅靠前，国防军工、有色金属、公用事业、 钢铁、医药生物、石油石化等行业跌幅靠前。 板块涨跌情况：今日涨幅居前概念板块为 PEEK 材料、炒股软件、财税数字化、 家用轻工精选、汽车配件精选、金融科技、光模块(CPO)、 ...

证券研究报告 | 策略点评 2025 年 4 月 1 日 投资要点 分析师：李兴 执业编号：S0300518100001 电话：010-83755576 邮箱：lixing@ykzq.com 投资策略研究 粤开市场日报-20250401 今日关注 指数涨跌情况：今日 A 股主要指数涨跌互现。截止收盘，沪指涨 0.38%，收报 3348.44 点；深证成指跌 0. 01%，收报 10503.66 点；科创 50 涨 0.16%，收报 1024.38 点；创业板指跌 0.09%，收报 2101.88 点。总体上，全天个股涨多跌 少，Wind 数据显示，全市场 3849 只个股上涨，1403 只个股下跌，145 只个股 收平。沪深两市今日成交额合计 11323 亿元，与上个交易日相较缩量 892.63 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，医药生物、公用事业、国防军 工、钢铁、煤炭、环保等行业涨幅靠前，家用电器、计算机、汽车、银行、 通信、商贸零售等行业跌幅靠前。 板块涨跌情况：今日涨幅居前概念板块为动物保健精选、创新药、CRO、新冠 特效药、生物科技、核电、医疗物资出口、干细胞、仿制药、新冠抗原检测、 ...

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index down by 0.46% closing at 3335.75 points, and the Shenzhen Component Index down by 0.97% closing at 10504.22 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 12,215 billion, an increase of 1,025.56 billion compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, only the communication, home appliances, banking, and public utilities sectors saw gains, while the rest experienced declines, with notable losses in power equipment, defense industry, real estate, construction decoration, media, and textile and apparel sectors [1] Sector Highlights - The top-performing concept sectors today included near-term new shares, IDC (computing power leasing), East Data West Computing, AI computing power, industrial gases, optical modules (CPO), central enterprise banks, MCU chips, hydropower, industrial internet, gold and jewelry, and new energy vehicles [2]

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index down by 0.67% closing at 3351.31 points, the Shenzhen Component Index down by 0.57% at 10607.33 points, the ChiNext Index down by 0.79% at 2128.21 points, and the Sci-Tech 50 Index down by 1.07% at 1029.48 points [1][10] - Overall, there were 940 stocks that rose while 4345 stocks fell, with 111 stocks remaining flat. The total trading volume in the Shanghai and Shenzhen markets was 1119 billion yuan, a decrease of 717.15 billion yuan compared to the previous trading day [1][10] Industry Performance - Most of the Shenwan first-level industries experienced declines today, with only the media industry showing an increase. The industries with the largest declines included basic chemicals, oil and petrochemicals, commercial retail, comprehensive, and coal [2][10] - Among the concept sectors, the top gainers included rare earths, gold and jewelry, short drama games, virtual humans, Chinese corpus, industrial mother machines, selected complete vehicles, stem cells, new energy vehicles, weight loss drugs, selected white household appliances, WEB3.0, stock trading software, and brokerage [2][10]

Market Overview - The A-share market showed a mixed performance today, with the Shanghai Composite Index rising by 0.15% to close at 3373.75 points, and the Shenzhen Component Index increasing by 0.23% to 10668.10 points. The ChiNext Index also saw a rise of 0.24%, closing at 2145.10 points. Overall, there were 1900 stocks that rose while 3360 stocks fell, with a total trading volume of 11907 billion yuan, an increase of 363.84 billion yuan compared to the previous trading day [1][2]. Industry Performance - In terms of industry performance, the pharmaceutical and biological, food and beverage, basic chemicals, electronics, and banking sectors showed the highest gains. Conversely, the non-ferrous metals, social services, public utilities, steel, and comprehensive sectors experienced the largest declines [2][10]. Concept Sector Performance - The leading concept sectors today included photolithography machines, the SMIC industrial chain, innovative drugs, CRO, industrial gases, generic drugs, semiconductor materials, semiconductor equipment, weight loss drugs, selected medical services, COVID-19 special drugs, vitamins, high turnover, large consumption, and HBM. In contrast, sectors such as solar thermal power generation, superconductors, and speed reducers faced declines [2][10].

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index closing at 3369.98 points, a slight decrease, while the Shenzhen Component Index fell by 0.43% to 10649.08 points. The ChiNext Index dropped by 0.33% to 2145.48 points, and the STAR Market 50 Index decreased by 1.36% to 1031.70 points. Overall, 2500 stocks rose while 2737 stocks fell, with a total trading volume of 12583 billion yuan, down by 1924.70 billion yuan compared to the previous trading day [1][2]. Industry Performance - Among the Shenwan first-level industries, coal, basic chemicals, public utilities, petroleum and petrochemicals, and agriculture, forestry, animal husbandry, and fishery sectors showed the highest gains. Conversely, the communication, computer, electronics, media, and automotive sectors experienced the most significant declines [1][2]. Concept Sector Performance - The top-performing concept sectors today included vanadium batteries, soda ash, nuclear power, phosphorus chemicals, poultry industry, selected chemical raw materials, selected air transport, dairy industry, lithium battery electrolytes, coal mining, selected animal health, photolithography factories, thermal power, biodegradable plastics, and major infrastructure central enterprises [2][11].