热点追踪周报：由创新高个股看市场投资热点（第225 期）-20251226

• The report tracks stocks, industries, and sectors that have reached new highs, which are considered market indicators[11] - The report uses a 250-day high distance metric to represent new highs, calculated as follows: $ 250 \text{ day high distance} = 1 - \frac{Closet}{ts_max(Close, 250)} $ where Closet is the latest closing price and ts_max(Close, 250) is the maximum closing price over the past 250 trading days[11] - As of December 26, 2025, the 250-day high distances for major indices are: Shanghai Composite Index 1.63%, Shenzhen Component Index 0.89%, CSI 300 1.91%, CSI 500 1.19%, CSI 1000 0.56%, CSI 2000 0.05%, ChiNext Index 2.42%, STAR 50 Index 12.56%[12] - The 250-day high distances for CITIC Level 1 industry indices are: National Defense and Military Industry 0.00%, Nonferrous Metals 0.00%, Building Materials 0.00%, Machinery 0.00%, Light Manufacturing 0.44%[13] - The 250-day high distances for some concept indices are: Forestry, Aerospace and Military Industry, Wind Power, Top Ten Military Groups, HJT Battery, Metals and Nonmetals, Gold[15] - As of December 26, 2025, 726 stocks reached new 250-day highs in the past 20 trading days, with the most in the Machinery, Electronics, and Basic Chemicals industries[19] - The highest proportions of new high stocks are in the National Defense and Military Industry, Petroleum and Petrochemicals, and Nonferrous Metals industries[19] - By sector, the most new high stocks are in Manufacturing and Technology, with 261 and 176 stocks respectively[20] - By index, the proportions of new high stocks are: CSI 2000 14.65%, CSI 1000 11.50%, CSI 500 15.20%, CSI 300 15.33%, ChiNext Index 15.00%, STAR 50 Index 6.00%[20] - The report identifies 50 "stable new high" stocks based on analyst attention, relative strength, trend continuity, price path stability, and new high persistence[24][27] - The most stable new high stocks are in the Cyclical and Technology sectors, with 21 and 15 stocks respectively[28]