A股市场有色金属股全线上涨，其中，锡业股份涨7%，合金投资、西部矿业涨超6%，盛屯矿业、威领 股份涨超5%，洛阳钼业、紫金矿业、华友钴业涨超3%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 000960 | 锡业股份 | 1 | 7.05 | 452亿 | 99.99 | | 000633 | 员要投资 | 张 | 6.40 | 35.24 乙 | 106.55 | | 601168 | 西部矿业 | | 6.02 | 609亿 | 69.25 | | 600711 | XD盛屯矿 | 1 | 5.74 | 410亿 | 175.27 | | 002667 | 威领股份 | 1 | 5.03 | 41.90亿 | 51.70 | | 001280 | C中国钮 | 1 | 3.78 | 1459亿 | 294.41 | | 603993 | 洛阳钼业 | 1 | 3.69 | 3909亿 | 183.43 | | 601899 | 紫雯蛇,亦 | 1 | 3.37 | 8234 Z | 109. ...

Group 1 - FTSE Russell announced quarterly review changes for several indices, including the FTSE China A50 Index, which will include Luoyang Molybdenum and Sungrow Power Supply, effective after market close on December 19, 2025 [1] - The FTSE China A50 Index consists of the 50 largest stocks by market capitalization in the Shanghai and Shenzhen stock exchanges, serving as a benchmark for international investors allocating assets in China [1] Group 2 - Sungrow Power Supply, a leader in the energy storage sector, has seen its stock price increase over 140% year-to-date, with a total market capitalization of 368.1 billion yuan; its revenue for the first three quarters reached 66.402 billion yuan, a year-on-year growth of 32.95%, and net profit attributable to shareholders was 11.881 billion yuan, up 56.34% [2] - Luoyang Molybdenum's stock price has risen approximately 169% year-to-date, with a total market capitalization of 383 billion yuan; its net profit for the first three quarters reached 14.280 billion yuan, a year-on-year increase of 72.61%, and total revenue was 145.485 billion yuan [2] - Luoyang Molybdenum is noted for maintaining high copper production growth, with analysts predicting continued increases in copper prices due to supply disruptions and global inventory mismatches, with estimates reaching 12,500 USD/ton by mid-2026 [2] Group 3 - In the Hong Kong market, the FTSE China 50 Index will include China Hongqiao Group (P shares), CATL, and Heng Rui Medicine, while excluding CITIC Securities, Great Wall Motors, and Li Auto; the list of candidate stocks has been updated accordingly [3]

据香港交易所披露，摩根大通（JPMorgan）对洛阳栾川钼业集团股份有限公司 - H股的多头持仓比例于 2025年12月1日从5.04%降至4.98%。 ...

Core Viewpoint - Morgan Stanley reports that copper prices have surpassed $11,000 per ton due to supply disruptions and heightened market tensions, leading to an optimistic outlook for copper prices and related stocks in the coming year [1] Group 1: Copper Market Outlook - Strong demand, severe supply disruptions, and reduced smelting capacity in China are driving the positive outlook for copper prices [1] - The expectation is that copper will continue to outperform the market next year [1] Group 2: Company Ratings - Morgan Stanley maintains an "Overweight" rating on Zijin Mining (601899)(02899) and Luoyang Molybdenum (603993)(03993), citing strong profit growth and diversified assets in copper, gold, and cobalt [1] - The target price for Zijin Mining is set at HKD 42, while Luoyang Molybdenum's target price has been raised from HKD 13.5 to HKD 22 [1] - Zijin Mining is preferred due to its relatively reasonable valuation [1] Group 3: Jiangxi Copper Rating - Despite a positive outlook for copper, Morgan Stanley has a "Underweight" rating on Jiangxi Copper (600362)(00358), citing ongoing weak processing and refining fees and slowing profit growth [1] - The target price for Jiangxi Copper has been increased from HKD 15 to HKD 28 [1]

Core Insights - Luoyang Molybdenum Co., Ltd. experienced a 2.50% increase in stock price on December 3, with a trading volume of 4.359 billion yuan [1] - The company reported a net financing outflow of 40.16 million yuan on the same day, with a total financing and securities balance of 3.248 billion yuan [1] - For the period from January to September 2025, the company achieved a revenue of 145.485 billion yuan, a year-on-year decrease of 5.99%, while net profit attributable to shareholders increased by 72.61% to 14.280 billion yuan [2] Financing and Securities - On December 3, Luoyang Molybdenum had a financing buy-in of 342 million yuan, with a financing balance of 3.229 billion yuan, representing 1.05% of the circulating market value [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] - The company had a securities lending balance of 18.418 million yuan, with a lending volume of 104.53 million shares, also above the 70th percentile of the past year [1] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 304,200, up by 28.08% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.7472 million shares to 69.5 million shares [3] - New institutional shareholders include E Fund CSI 300 ETF, which holds 8.6474 million shares [3]

Core Viewpoint - FTSE Russell announced changes to several indices, including the FTSE China 50 Index, FTSE China A50 Index, FTSE China A150 Index, FTSE China A200 Index, and FTSE China A400 Index, effective after the market close on December 19, 2025 [1]. Group 1: Index Adjustments - The FTSE China A50 Index will include Luoyang Molybdenum (603993) and Sungrow Power Supply (300274), while removing Jiangsu Bank (600919) and SF Holding (002352) [4][6]. - The FTSE China 50 Index will add China Hongqiao, CATL (300750), and Hengrui Medicine (600276), while excluding CITIC Securities (601066), Great Wall Motors (601633), and Li Auto [6][8]. - The FTSE China A150 Index will incorporate Ying Shi Innovation, Jiangsu Bank, Huadian New Energy, SF Holding, Jiangbolong, and Huayou Cobalt (603799), while removing Luoyang Molybdenum, Desay SV (002920), Changdian Technology (600584), Baoxin Software (600845), Shanghai Pharmaceuticals (601607), and Sungrow Power Supply [10][12]. - The FTSE China A200 Index will add Ying Shi Innovation, Huadian New Energy, Jiangbolong, and Huayou Cobalt, while excluding Desay SV, Changdian Technology, Baoxin Software, and Shanghai Pharmaceuticals [12]. - The FTSE China A400 Index will see a broader adjustment, adding Anji Technology (688019), Baiyin Nonferrous (601212), Yitang Co., and Bluefocus Communication Group (300058), while removing Chipbond Technology, Yipin Hong (300723), Guanghui Network (300383), and Huaxi Biological [13][14]. Group 2: Market Impact - The adjustments by FTSE Russell are expected to attract passive fund allocations to the newly included stocks and increase overseas interest in Chinese assets [17]. - In the first ten months of 2025, foreign capital inflow into the Chinese stock market reached $50.6 billion, significantly surpassing the total of $11.4 billion for the entire year of 2024, marking an increase of over three times [17]. - UBS forecasts that A-share market earnings growth will rise from 6% this year to 8% next year, driven by improved nominal GDP growth and a narrowing of PPI declines [17]. - JPMorgan upgraded its rating on Chinese stocks to "overweight," citing a higher likelihood of significant gains next year compared to potential downside risks [18]. - Morgan Stanley set a target for the CSI 300 Index at 4840 points by December 2026, indicating a stable outlook for Chinese stocks amid moderate earnings growth and higher valuation levels [18].

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 今日早盘，A股市场窄幅震荡，昨日领涨的煤炭板块出现调整，机器人等科技题材则局部复苏，带 动创业板指相对强势。截至午间休市，上证指数报3879.52点，涨0.04%；深证成指、创业板指分 别上涨0.35%和0.76%。 | A股指数 | | 更多 > | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3879.52 | 13000.88 | 1395.62 | | +1.52 +0.04% | +45.63 +0.35% | +3.14 +0.23% | | 创业板指 | 沪深300 | 科创综指 | | 3059.76 | 4543.93 | 1562.24 | | +22.97 +0.76% | +12.88 +0.28% | +9.70 +0.62% | A股主要股指早盘表现 人形机器人概念早盘掀涨停潮，海昌新材、固高科技、华伍股份收获20%幅度涨停。有色金属板块 持续升温，铜、铝个股早盘强势，洛阳钼业刷新历史新高，西部矿业、江西铜业等跟涨。上期所沪 铜期货主力合约早盘涨 ...

Core Viewpoint - FTSE Russell announced the quarterly review results for the FTSE China Index Series, effective from December 22, 2025, with changes in constituent stocks for various indices [1] Group 1: FTSE China A50 Index Changes - Two new constituents added: Luoyang Molybdenum (603993) and Sunshine Energy [1] - Two constituents removed: SF Express (002352) and Jiangsu Bank (600919) [1] Group 2: FTSE China 50 Index Changes - Three new constituents added: China Hongqiao, CATL (300750), and Hengrui Medicine (600276) [1] - Three constituents removed: CITIC Securities (601066), Great Wall Motors (601633), and Li Auto [1] Group 3: Future Review Schedule - The next quarterly review for the FTSE China Index will be announced in March [1]

Core Insights - FTSE Russell announced changes to several indices, including the FTSE China A50 Index, which will take effect after the market closes on December 19, 2025 [1] - The newly included stocks in the FTSE China A50 Index are Luoyang Molybdenum and Sungrow Power Supply, while Jiangsu Bank and SF Holding are removed [1] - Luoyang Molybdenum reported a net profit of 5.608 billion yuan for Q3, a 96.4% year-on-year increase, driven by strong copper production and sales [1] - Sungrow Power Supply has seen its stock price increase by over 140% this year, while Luoyang Molybdenum's stock price has risen nearly 165% [1] Index Changes - FTSE Russell's selection criteria include professional analysis, field research, and past profitability, indicating that included companies are top performers in the A-share market [4] - The FTSE China A50 Index consists of the 50 largest stocks by market capitalization on the Shanghai and Shenzhen stock exchanges, serving as a key indicator for international investors [4] - The list of alternative stocks is effective immediately and will be used if any current constituents are removed before the next quarterly review [4] Market Outlook - Multiple foreign institutions are optimistic about the A-share market's performance in the coming year, with UBS forecasting an increase in overall A-share profit growth from 6% this year to 8% in 2026 [6][7] - Key investment themes for 2026 include technological self-reliance and consumer spending, with a focus on high-potential sectors amid ongoing structural changes in the economy [7] - Foreign capital inflow into the Chinese stock market reached $50.6 billion in the first ten months of 2025, significantly surpassing the total of $11.4 billion for the entire year of 2024 [7]

Core Viewpoint - FTSE Russell announced changes to the FTSE China 50 Index and related indices, effective after market close on December 19, 2025, which will impact the inclusion and exclusion of certain stocks [1][4]. Group 1: Index Changes - The FTSE China A50 Index will include Luoyang Molybdenum (603993) and Sungrow Power Supply (300274), while excluding Jiangsu Bank (600919) and SF Holding (002352) [1]. - The list of potential candidates for inclusion includes Jiangsu Bank, SF Holding, Siasun Robot & Automation (601127), Shenghong Technology (300476), and Wanhua Chemical (600309) [1]. Group 2: Company Performance - Luoyang Molybdenum reported a net profit of 5.608 billion yuan for Q3, a 96.4% year-on-year increase, attributed to strong copper production and sales, along with rising copper prices [1]. - Sungrow Power Supply has seen its stock price increase by over 140% this year, while Luoyang Molybdenum's stock has risen nearly 165%, with Luoyang Molybdenum reaching a historical high recently [1]. Group 3: Market Outlook - Foreign institutions are optimistic about the A-share market in 2024, with UBS forecasting an increase in overall A-share earnings growth from 6% this year to 8% in 2026 [5]. - Investment themes for 2026 include technological self-reliance and consumer spending, with a focus on high-potential sectors amid ongoing "anti-involution" trends [6]. - Significant foreign capital inflow into the Chinese stock market has been observed, with $50.6 billion flowing in during the first ten months of 2025, surpassing the total for 2024 [6].