2月4日，市场探底回升，沪指重返4100点，深成指翻红，此前一度跌超1%，创业板指午后跌幅收窄。截至收盘，沪指涨0.85%，深成指涨0.21%， 创业板指跌0.4%。 盘面上，市场热点快速轮动，全市场超 3200只个股上涨。从板块来看，煤炭概念掀起涨停潮 ，十余只成分股涨停，陕西黑猫、兖矿能源、中煤能源涨 停。太空光伏概念爆发，中来股份20cm涨停，国晟科技2连板。机场航运概念走强，中国东航、华夏航空涨停。 下跌方面， AI应用、贵金属、算力硬件等板块跌幅居前。 其中AI应用概念集体下挫，引力传媒、天地在线跌停，值得买、世纪恒通等多股大跌。 沪深两市成交额 2.48万亿，较上一个交易日缩量633亿。个股方面，中际旭创成交额超290亿元居首，新易盛成交额237亿元，宁德时代、航天发展、 贵州茅台、信维通信、蓝色光标等成交额靠前。 2 月 4 日， A 股市场呈现分化走势，上证指数上涨 0.85% ，报 4102.2 点；深证成指上涨 0.21% ，创业板指下跌 0.40% 。 主力资金流入前五的板块中，电力设备板块获得显著增持， 主力净流入资金超 200 亿元。 煤炭板块 上涨 7.58% 表现突出 ， 获主力 ...

段永平发文表示，卖了一些神华（港股）换了一些茅台，没想到机会窗口那么小。其实这个交易还蛮麻烦的，要先卖了港股，再换成人民币再买茅台。 2月4日，贵州茅台盘中一度大涨近4%，股价重回1500元，为2025年9月15日以来首次。截至下午收盘，贵州茅台上涨3.4%，股价收报1525元/股。 近日，段永平表示，卖了一些神华（港股）换了一些茅台。他在雪球上晒出自己的交易记录，买入金额终于浮出水面，此番买入贵州茅台约1亿元。 昨天，段永平晒出交易记录 | 32 | | | | | | --- | --- | --- | --- | --- | | 6 | | | | | | 15601 Harriders | | | | . Balled gen ang | | | AND PHOTO JUST THE PERSONAL | NJ | | | | | | ·111,542,144.01 | | | | | -43.15 HKD | 222000 | | | | | 21.5/5 140/902) 13.254.2935 | | | | | | Jacks 40 400 | | | | | 2 | 1.350.07 CNN ...

Core Viewpoint - The article provides an overview of the trading activities in the Shanghai and Shenzhen stock markets, highlighting significant stock transactions, sector performances, and ETF trading volumes, indicating potential investment opportunities and market trends. Group 1: Stock Trading Overview - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 322.9 billion, with Kweichow Moutai and Zhongji Xuchuang leading in transaction amounts for the Shanghai and Shenzhen markets respectively [1] - The top ten stocks by trading volume in the Shanghai market included Kweichow Moutai at 4.741 billion, followed by Cambricon Technologies at 2.160 billion [2] - In the Shenzhen market, Zhongji Xuchuang topped the list with 5.845 billion, followed by CATL at 5.719 billion [4] Group 2: Sector Performance - The electric equipment sector saw the highest net inflow of funds at 7.326 billion, indicating strong investor interest [6] - Other sectors with notable inflows included the new energy sector at 5.573 billion and coal mining at 3.041 billion [6] - Conversely, the electronic sector experienced the largest net outflow of funds at 21.727 billion, reflecting a shift in investor sentiment [7] Group 3: ETF Trading Activity - The coal ETF (515220) experienced a remarkable trading volume increase of 335% compared to the previous trading day, indicating heightened investor interest [14] - The top ETF by trading volume was the Gold ETF (518880) with a transaction amount of 15.4129 billion, despite a decrease of 28.69% from the previous day [13] - Other ETFs with significant trading volumes included the A500 ETF Fund (512050) at 14.2358 billion and the A500 ETF Huatai Baichuan at 11.8353 billion [13] Group 4: Institutional and Retail Investor Activity - Institutional investors showed varied activity, with notable purchases in stocks like Zhongji Group and JinkoSolar, while significant sell-offs were observed in stocks like Liou Co. and Shennong Agricultural [16][17] - Retail investors, particularly from major brokerage firms, were active in trading stocks such as Zhongji Group and Hongbaoli, indicating a competitive trading environment [19] - Quantitative funds displayed high activity levels, particularly in stocks like JinkoSolar, with significant buy and sell transactions [20]

Core Viewpoint - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 322.9 billion, with Kweichow Moutai and Zhongji Xuchuang leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2]. Trading Volume Summary - The total trading amount for the Shanghai Stock Connect was 153.37 billion, while the Shenzhen Stock Connect totaled 169.54 billion [2]. - Kweichow Moutai topped the Shanghai Stock Connect with a trading volume of 4.741 billion, followed by Cambricon Technologies at 2.160 billion [3]. - Zhongji Xuchuang led the Shenzhen Stock Connect with a trading volume of 5.845 billion, followed by CATL at 5.719 billion [3]. Sector Performance - The power equipment sector saw the highest net inflow of funds, amounting to 7.326 billion, with a net inflow rate of 5.33% [6]. - Other sectors with significant net inflows included the new energy sector at 5.573 billion and the coal sector at 3.041 billion [6]. - Conversely, the electronic sector experienced the largest net outflow of funds [7]. ETF Trading Summary - The coal ETF (515220) recorded a remarkable trading volume increase of 335% compared to the previous trading day, reaching 2.446 billion [9]. - The top ten ETFs by trading volume included the Gold ETF (518880) at 15.413 billion and the A500 ETF Fund (512050) at 14.236 billion [8]. Futures Positioning - All four major futures contracts (IH, IF, IC, IM) saw a reduction in positions, with a notable decrease in short positions [10]. Stock Market Activity - The stock market saw significant activity from institutional investors, with notable purchases in Red Baoli and Zhongji Group, while Liou shares faced heavy selling [12][13]. - The trading activity of retail investors was moderate, with significant sell-offs in commercial aerospace stocks like Hailanxin [14].

近期，在市场行情存在波动的背景下，大道段永平在雪球平台（ID：大道无形我有型）的发言与互动 持续更新。 本次讨论中，段永平聚焦腾讯短期股价波动与长期价值逻辑、特斯拉FSD实际体验与产品力评价、茅台 i茅台平台战略成效与定价机制等核心议题，延续其"毛估估"式洞察与直指生意本质的表达风格，引发 市场广泛关注。 对此，证星研究院整理了其互动的要点，主要内容如下： 以下为主要内容： 一、关于腾讯：看重长期利润维度 网友1：刚刚腾讯闪崩您怎么看，对最近的元宝撒红包怎么看，您目前还看好腾讯吗？ 我觉得我可以放下一些东西，试试他的产品，投资也可以做点风投啥的，万一成了呢？"投资"特斯拉基 本看的是"市梦率"，完全靠蒙，大家好自为之吧。 如果他说的这些个事情真的实现了，这个定价怎么会是错误呢？有意思的是，他过去说过的很多事情真 的都做到了，虽然时间上没有达到他自己的预期。 我自己做过企业，能够理解时间上到不到预期是非常正常的事情，但最后还是能够到非常重要。所以， 他说他在做的事情大概率他是真的在做，而且过去很多次都真做成了，所以有人"风投"一下也是有道理 的（2026.2.4） 大道：山崩地裂地掉了3%？不要叫我老师，你压根 ...

2月4日，贵州茅台大宗交易成交1900股，成交额252.32万元，占当日总成交额的0.02%，成交价1328 元，较市场收盘价1525元折价12.92%。 | belly of a "a voltar children il book I hour's 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 026-02-04 | 贵州茅台 | 600519 | 1328 252.32 | 0.19 | 最重要的身份 | 最高的最大使 Ki | ...

Market Overview - A total of 68 stocks hit the daily limit, while 20 stocks faced limit down, resulting in a sealing rate of 77%. Notable stocks include Mingdiao Co. and Hangdian Co. with four consecutive limit ups, and Minbao Optoelectronics with three consecutive limit ups [1][3] - The Shanghai Composite Index rose by 0.85% to reclaim the 4100-point mark, while the Shenzhen Component Index increased by 0.21%. The ChiNext Index, however, fell by 0.4% [1][3] - The total trading volume in the Shanghai and Shenzhen markets was 2.48 trillion yuan, a decrease of 633 billion yuan from the previous trading day [1] Sector Performance - The coal, photovoltaic, real estate, and hydrogen energy sectors led the market gains, while AI applications, cloud computing, precious metals, and CPO concepts lagged behind [1][3] - The coal sector saw significant activity due to Indonesia's reduction in production quotas, which is expected to support domestic coal prices [8][16] - The hydrogen energy sector experienced a surge following favorable policies and increased focus on green hydrogen applications [7][19] Stock Analysis - The advancement rate for consecutive limit-up stocks dropped to 40%, with all stocks attempting to progress from four to five consecutive limit ups failing [3][4] - Stocks such as Mingdiao Co. and Hangdian Co. are highlighted for their strong performance in the home improvement and PCB sectors, respectively [4][30] - The AI application sector faced pressure, with many stocks experiencing declines of over 10% due to a broader market pullback in tech stocks [3][6] Real Estate Insights - The real estate sector showed signs of recovery, with significant increases in second-hand home transactions in major cities like Beijing and Shanghai, indicating a potential rebound in the housing market [9][20] - Despite the positive trends, concerns remain regarding the overall health of the real estate industry, as evidenced by substantial losses reported by major companies like Vanke [9] Future Outlook - The market is expected to continue experiencing volatility, with a divergence between traditional sectors like coal and real estate performing well, while tech-oriented sectors face challenges [10] - The Shanghai Composite Index's recovery above the 4100-point mark suggests potential for further gains, but the market will likely remain sensitive to external factors and sector rotations [10]

从个股来看，贵州茅台收盘价达1525.00元/股，上涨3.40%；五粮液收盘价达108.52元/股，上涨1.16%； 山西汾酒收盘价180.58元/股，上涨3.57%；泸州老窖收盘价达126.30元/股，上涨3.27%；洋河股份收盘 价达55.61元/股，上涨0.72%。 北京商报讯(记者刘一博冯若男)2月4日尾盘，沪指4102.20点上涨0.85%。白酒板块以2312.26点收盘上涨 0.90%，其中15只白酒股上涨，贵州茅台1525元/股收盘。 天风证券在其研报中指出，行业整体基本面回暖还需要外部宏观需求复苏的配合。但是在目前股市背景 下，股价有可能领先于基本面见底。天风证券认为。目前对板块或可以乐观一些。目前板块或处于基本 面出清的最后阶段，茅台批价企稳是边际改善的积极信号，板块估值修复或领先于业绩修复。 ...

Core Viewpoint - The liquor sector experienced a significant increase, with a 2.82% rise on February 4, led by *ST Rock, while the overall market indices also showed positive movement [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4102.2, up 0.85%, and the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - The liquor sector's main stocks showed varied performance, with *ST Rock leading the gains at 4.57% [1] Group 2: Individual Stock Performance - Key stocks in the liquor sector included: - *ST Rock: Closed at 2.06, up 4.57%, with a trading volume of 156,700 shares and a turnover of 31.19 million yuan [1] - Shanxi Fenjiu: Closed at 180.58, up 3.57%, with a trading volume of 149,200 shares and a turnover of 2.669 billion yuan [1] - Kweichow Moutai: Closed at 1525.00, up 3.40%, with a trading volume of 109,100 shares and a turnover of 16.444 billion yuan [1] - Other notable stocks included Jiu Gui Jiu, Hai Zhou Lao Jiao, and Ying Jia Gong Jiu, all showing positive gains [1] Group 3: Capital Flow - The liquor sector saw a net inflow of 2.346 billion yuan from main funds, while retail investors experienced a net outflow of 626 million yuan [2] - The main funds' net inflow for Kweichow Moutai was 1.489 billion yuan, while it faced a net outflow of 1.488 billion yuan from speculative funds [3] - Other stocks like Luzhou Laojiao and Shanxi Fenjiu also experienced significant net inflows from main funds, indicating strong institutional interest [3]

Group 1 - The central document released on February 3, 2026, emphasizes "multiple measures to promote dairy product consumption," elevating it to a national strategic level, highlighting the importance of basic nutrition and domestic demand [1] - The document also stresses the need for a diversified food supply system, providing institutional support for the expansion of dairy products in health consumption, silver economy, and functional nutrition [1] - The 2026 economic work conference prioritizes domestic demand, indicating a strategic shift from short-term demand expansion to establishing a long-term foundation for growth [1] Group 2 - The essential consumption sector is experiencing a divergence, with basic demand recovering while luxury consumption faces pressure; January 2026 saw positive growth in condiments, frozen foods, soft drinks, and the catering industry, while dairy products and beer experienced negative growth [2] - The cost index for soft drinks decreased by 3.71% month-on-month, marking the largest decline among categories; net inflows into essential consumption stocks reached 61.73 billion yuan by the end of January [2] - The A-share food and beverage sector is currently at a historical PE percentile of 17%, indicating deep valuation levels, with significant inflows from both domestic and foreign investors [2] Group 3 - The liquor industry is preparing for the Spring Festival marketing activities, focusing on market cultivation and consumer education to boost sales [3] - As of February 4, 2026, the main consumption index rose by 2.11%, with significant increases in major stocks such as Dongpeng Beverage and Haida Group [3] - The consumption ETF has seen a scale increase of 24.23 million yuan in two weeks, with a notable net inflow of 12.92 million yuan over the last five trading days [3] Group 4 - The Consumption ETF Guangfa (560680) closely tracks the main consumption index, with significant weight in liquor (38.68%), pig farming (18.04%), and dairy (9.46%) [4] - The Hang Seng Consumption ETF (159699) focuses on new consumption stocks in Hong Kong, with a notable weight of 10.40% in Pop Mart [4] - The Food ETF Guangfa (563850) tracks the CSI Food Index, with major weights in seasoning and fermentation products (25.68%), dairy (16.56%), and meat products (9.54%) [5]