2025.12.17 本文字数：2672，阅读时长大约5分钟 作者 |第一财经 周楠 继摩尔线程之后，又一国产GPU龙头登陆A股市场，再度点燃市场热情。12月17日，沐曦股份 （688802.SH）登陆科创板，上市首日涨幅高达692.95%。当天，三大指数悉数收涨，创业板涨超3%。 当前，距离2025年收官仅剩10个交易日，市场调整将如何演绎？跨年行情又会否如期而至？多家券商做 出了预判。 "考虑本轮上涨行情的底层逻辑并未动摇，我们认为市场中期趋势仍然向好。"中金公司研究部国内策略 首席分析师李求索说。 对于跨年行情，第一财经梳理发现，券商首席普遍持乐观预判。国泰海通首席策略分析师方奕认为，交 易层面，保收益降仓位已步入尾声，岁末年初的再配置与机构资金回流有望改善市场流动性和活跃成 交，跨年攻势已经开始。 资金层面上，有券商提到，近期，A股成交额和换手率再度回升，显示资金正在积极寻找跨年行情的机 会。 资金面和情绪面现回暖迹象 12月17日，三大指数集体反弹，截至收盘，沪指报收3870.28点，涨1.19%；深成指和创业板指分别收涨 2.4%和3.39%。两市成交额1.81万亿，较上一交易日增加约870亿元。 ...

2025.12. 17 本文字数：2672，阅读时长大约5分钟 作者 | 第一财经 周楠 继摩尔线程之后，又一国产GPU龙头登陆A股市场，再度点燃市场热情。12月17日，沐曦股份 （688802.SH）登陆科创板，上市首日涨幅高达692.95%。当天，三大指数悉数收涨，创业板涨超 3%。 当前，距离2025年收官仅剩10个交易日，市场调整将如何演绎？跨年行情又会否如期而至？多家券 商做出了预判。 "考虑本轮上涨行情的底层逻辑并未动摇，我们认为市场中期趋势仍然向好。"中金公司研究部国内 策略首席分析师李求索说。 对于跨年行情，第一财经梳理发现，券商首席普遍持乐观预判。国泰海通首席策略分析师方奕认为， 交易层面，保收益降仓位已步入尾声，岁末年初的再配置与机构资金回流有望改善市场流动性和活跃 成交，跨年攻势已经开始。 资金层面上，有券商提到，近期，A股成交额和换手率再度回升，显示资金正在积极寻找跨年行情的 机会。 资金面和情绪面现回暖迹象 12月17日，三大指数集体反弹，截至收盘，沪指报收3870.28点，涨1.19%；深成指和创业板指分 别收涨2.4%和3.39%。两市成交额1.81万亿，较上一交易日增加约870 ...

Market Overview - The market experienced a collective rebound, with the Shanghai Composite Index rising over 1% and the ChiNext Index increasing over 3%, as more than 3,600 stocks in the market saw gains [1] - The computing hardware sector showed strong performance, with stocks like Zhongci Electronics and Huanxu Electronics hitting the daily limit, while major players in optical modules also surged [1] - The lithium battery industry chain strengthened, with Jinyuan Co. achieving two limit-ups in four days and Tianji Co. hitting the daily limit [1] - The financial sector gained momentum in the afternoon, with Huatai Securities nearing a limit-up and China Pacific Insurance rising over 4% [1] Sector Analysis - High-profile stocks experienced a collective decline, with companies like Tongyu Communication and Zhongchao Holdings hitting the daily limit down [2] - The financial sector's afternoon surge was notable, with Huatai Securities and China Pacific Insurance leading the gains, alongside other major financial institutions [3] - The market's focus on computing hardware is attributed to its "performance certainty + growth potential," with expectations that the structural transformation seen in 2025 will continue into 2026 [6] Investment Themes - The technology innovation sector is contributing positively to industry profits, with TMT and advanced manufacturing leading the gains this year [7] - Industries linked to global demand or increased overseas penetration are also showing strong performance, including non-ferrous metals, automotive, home appliances, and machinery [7] - Key areas of focus for 2026 include AI supply-demand gaps, energy storage demand recovery, and the copper market's dependence on global fundamentals [8] AI Development - The AI application sector is entering a new catalytic phase, with ByteDance's Seed team launching a new audio-video creation model that supports various tasks [9] - Recent advancements in AI applications are being driven by major players enhancing their model capabilities and frameworks, with Alibaba's upgrade of "Tongyi - Qwen" being particularly notable [10] - The overall outlook for the AI application sector is optimistic, with consumer internet and marketing-related scenarios expected to benefit first from these developments [10]

午后13:37左右，A股三大指数突然大幅拉升，发生了什么？ 截至收盘，上证指数上涨1.19%，深证成指上涨2.4%，创业板指上涨3.39%。全市场成交额18343亿元，较上日成交额放量863亿元。 午后ETF成交额大增 沪深300ETF（510300）、中证500ETF（510500）、沪深300ETF易方达（510310）、沪深300ETF（159919）等多只龙头宽基ETF午后成交额激增，出现显 著买盘。其中，沪深300ETF（510300）成交额突破50亿元，创下近三周多以来的单日新高。 | < W | | | 沪深300ETF(510300.SH) | | | | | --- | --- | --- | --- | --- | --- | --- | | 闭市 12-17 15:00:15 | | | | | | | | 4.699 | | 昨收 | 4.620 | 流通盘 | | 897.22亿 | | +0.079 +1.71% | | 开盘 | 4.619 | 流通值 | | 4216亿 | | 最高 | 4.715 | 成交量 | 1085.6万 | 换手率 | | 1.21% | | 最低 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 午后13：37左右，A股三大指数突然大幅拉升，发生了什么？ 首先，金融股13：37左右异动走强，保险和证券板块拉升，带动指数上涨。 其次，午后多只宽基ETF放量异动，沪深300ETF（510300）、800ETF（515800）、沪深300ETF易方达 （510310）、沪深300ETF（159919）等出现大幅放量上涨。 从板块来看，能源金属、算力硬件、电池、保险等板块涨幅居前，海南、军工等板块跌幅居前。算力硬 件概念表现活跃，中瓷电子、环旭电子等多股涨停，"易中天"光模块三巨头大涨。锂电产业链走强，金 圆股份（维权）实现"4天2板"，天际股份涨停。 截至收盘，上证指数上涨1.19%，深证成指上涨2.4%，创业板指上涨3.39%。全市场成交额18343亿元， 较上日成交额放量863亿元。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3870.28 | 13224.51 | 3175.91 | | +45.47 +1.19% | +309.84 +2.40% | +104.15 +3.39% ...

转自：智通财经 【12月17日连板股分析：高位股大面积退潮 算力硬件股全线反弹】今日共49股涨停，连板股总数8只， 其中三连板及以上个股4只，上一交易日共13只连板股，连板股晋级率30.76%（不含ST股、退市股）。 个股方面，全市场超3600只个股上涨，但高位股大面积退潮，龙洲股份连续第二个一字跌停拖累短线情 绪，平潭发展、安记食品、太阳电缆、顺灏股份等人气热股跌停。百大集团虽然晋级5连板，但盘中也 多次炸板，放量分歧。板块方面，算力硬件股全线反弹，核心中军天孚通信、新易盛涨超9%，中际旭 创涨近7%，液冷服务器分支表现活跃，奕东电子20CM涨停，飞龙股份缩量加速，英维克涨停创历史新 高；锂电板块同样迎来反弹，锂矿股领涨，金圆股份4天2板，大中矿业、盛新锂能涨停，消息面上，广 期所碳酸锂主力合约盘中一度涨近9%，逼近11万元/吨关口。 ...

记者丨曾静娇 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 编辑丨刘雪莹 12月17日，亚太主要股指多数上涨，日经225指数小幅收红，韩国综合指数涨超1%；A股、港股表现强 劲，富时中国A50快速拉升；国际贵金属全线飘红，白银再创新高；国内贵金属期货持续走高，铂、钯 主力合约涨停。 | 日经225 | 韩国综合 | 新加坡海峡 | | --- | --- | --- | | 49512.28 | 4056.41 | 4569.69 | | +128.99 +0.26% | +57.28 +1.43% | -10.04 -0.22% | | 澳洲标普200 | 印度 | MSCI台湾 | | 8585.20 | 84483.12 | 1074.89 | | +21.60 +0.25% | -196.74 -0.23% | -1.19 -0.11% | | 上证指数 | 深证成指 | 恒生指数 | | 3870.28 | 13224.51 | 25410.48 | | +45.47 +1.19% +309.85 +2.40% +175.07 +0.69% | | | 具体来看，A股三大 ...

Market Overview - Major Asia-Pacific stock indices mostly rose, with the Nikkei 225 index slightly up and the Korean Composite Index increasing over 1% [1] - A-shares and Hong Kong stocks performed strongly, with the FTSE China A50 index rapidly climbing [1] - The three major A-share indices continued to strengthen, with the Shanghai Composite Index rising over 1%, the Shenzhen Component Index over 2%, and the ChiNext Index over 3% [2] Financial Sector Performance - The financial sector saw a strong afternoon rally, with brokerage stocks collectively moving up, including Huatai Securities nearing a limit-up [3] - Analysts believe the upcoming resumption of trading for China International Capital Corporation (CICC), Dongxing Securities, and Xinda Securities could significantly boost the brokerage sector [5] - Recent management directives aim to expand capital space and leverage limits for brokerages, shifting focus from price competition to value competition [5] Individual Stock Highlights - Newly listed Muxi Co., Ltd. opened with a 568% increase, reaching a peak price of 895 CNY per share, closing at 829.9 CNY, marking a nearly 693% rise and a total market value of 332 billion CNY [5] - The stock's performance surpassed that of Moer Technology, becoming the most profitable new stock since the full registration system was implemented in A-shares [5] Precious Metals Market - International precious metals saw a broad increase, with silver reaching new highs, trading around 66 USD per ounce, and COMEX silver rising nearly 5% [7] - Year-to-date, silver has surged over 125%, marking it as a standout performer [7] - Domestic precious metal futures continued to rise, with platinum and palladium futures hitting their daily limit [9]

中金公司：作为金融基础设施，银行已进入高质量发展阶段，过去一两年少数上市银行利润同比增速录 得二位数增长，高股息投资成为主要范式。银行端，关注股息率的高低以及确定性，高低取决于估值与 利润增速，确定性则聚焦资产质量与营收可持续性。基准情形下，继续看好银行股的绝对收益与相对收 益表现，资金主要源自配置需求，银行股的高股息标签愈发得到市场认可，与其他行业的最大特征在 于"量"。 消息面上 西安：到2027年全市生物医药产业规模达到400亿元 新华财经北京12月17日电 A股三大指数12月17日震荡走强，早盘持续整理，午后三大指数震荡上行，创 业板指大涨超3%。盘面上，算力硬件概念表现活跃，中瓷电子、环旭电子等多股涨停；金融股午后拉 升，华泰证券冲击涨停；锂电产业链走强，金圆股份4天2板，天际股份涨停；能源金属板块走强，盛新 锂能涨停，融捷股份涨超6%，天齐锂业、西藏矿业涨超5%。下跌方面，海南板块下挫，京粮控股、海 南瑞泽跌停；军工电子板块调整，银河电子、航天长峰触及跌停，天箭科技跌超6%。 截至收盘，沪指报3870.28点，涨幅1.19%，成交7668亿元；深证成指报13224.51点，涨幅2.40%，成交 1 ...

转自：智通财经 【收评：三大指数集体反弹 算力硬件、锂电产业链爆发】智通财经12月17日电，市场集体反弹，沪指 涨超1%，创业板指涨超3%。沪深两市成交额1.81万亿，较上一个交易日放量870亿。盘面上，市场热点 轮番活跃，全市场超3600只个股上涨。从板块来看，算力硬件概念表现活跃，中瓷电子、环旭电子等多 股涨停，"易中天"光模块三巨头大涨。锂电产业链走强，金圆股份4天2板，天际股份涨停。大金融方向 午后发力，华泰证券盘中一度逼近涨停，中国太保涨超4%。下跌方面，福建板块下挫，安记食品、平 潭发展跌停。板块方面，能源金属、算力硬件、电池、保险等板块涨幅居前，海南、军工等板块跌幅居 前。截至收盘，沪指涨1.19%，深成指涨2.4%，创业板指涨3.39%。 ...