A股三大股指12月23日集体小幅高开。早盘两市震荡走高，午后走出单边下行走势，三大股指均一度转 跌。 建筑材料涨幅居前，海南瑞泽（002596）、宏和科技（603256）、九鼎新材（002201）、友邦吊顶 （002718）等涨停，中材科技（002080）、中国巨石（600176）等涨超4%。 餐饮旅游板块的走低，导致社会服务板块领跌两市，曲江文旅（600706）、中国高科（600730）等跌 停，信测标准（300938）、西安饮食（000721）、华天酒店（000428）、岭南控股（000524）等跌超 4%。 从盘面上看，锂电池产业链领涨，海南自贸区概念股仍局部活跃，光刻机题材延续强势，能源金属概念 股表现出色。商业航天、稳定币、大消费、智能驾驶题材出现调整。 至收盘，上证综指涨0.07%，报3919.98点；科创50指数涨0.36%，报1340.02点；深证成指涨0.27%，报 13368.99点；创业板指涨0.41%，报3205.01点。 Wind统计显示，两市及北交所共1508只股票上涨，3852只股票下跌，平盘有96只股票。 沪深两市成交总额18999亿元，较前一交易日的18620亿元增加379亿 ...

2025.12.23 本文字数：677，阅读时长大约2分钟 作者 |一财阿驴 | 2月23日，A股三大指数冲高回落，截至收盘，沪指涨0.07%，深成指涨0.27%，创业板指涨0.41%。 | | --- | | મ્દ્રિક | 名称 | 两日图 | 现价 | 淵跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | www | 3919.98 c | | 0.07% | | 399001 | 深证成指 | min | 13368.99 c | 36.26 | 0.27% | | 399006 | 创业板指 | win | 3205.01 c | 13.03 | 0.41% | 盘面上，锂电池产业链领涨，海南自贸区概念股仍局部活跃，光刻机题材延续强势，能源金属概念股表 现出色。商业航天、大消费、智能驾驶等题材出现调整。 具体来看，液冷服务器概念活跃，川润股份、英维克、同飞股份、中光防雷等多股涨停。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 301123 | 李东申子 | + ...

格隆汇12月23日｜A股三大指数今日冲高回落，最终小幅收涨；截至收盘，沪指涨0.07%报3919点，深 证成指涨0.27%，创业板指涨0.41%。全市场成交额1.92万亿元，较前一交易日增量392亿元，超3800股 下跌。 | 上证指数 深证成指 | | 北证50 | | --- | --- | --- | | +2.61 +0.07% +36.26 +0.27% -9.34 -0.64% | 3919.98 13368.99 1439.94 | | | 科创50 创业板指 | | 万得全A | | 1340.02 3205.01 | | 6315.38 | | +4.77 +0.36% +13.03 +0.41% -3.71 -0.06% | | | | 沪深300 | 中证500 中证A500 | | | 4620.73 7256.79 5592.43 | | | | +9.11 +0.20% +1.13 +0.02% +12.16 +0.22% | | | | 中证1000 中证2000 中证红利 | | | | 7392.42 3118.30 | | 5459.13 | | -15.93 -0.22% ...

A股三大指数今日冲高回落，最终小幅收涨；截至收盘，沪指涨0.07%报3919点，深证成指涨0.27%，创业板指涨0.41%。全市场成交额1.92万亿元，较前一 交易日增量392亿元，超3800股下跌。 盘面上，卫星互联网板块下挫，华体科技、中国卫通等多股跌停；商业航天板块走势低迷，顺灏股份等多股跌停；旅游酒店板块走低，曲江文旅跌停；教育 板块持续走低，中国高科跌停；北斗导航板块走弱，久之洋跌逾12%；3D玻璃、6G概念及数字货币等板块跌幅居前。另外，氟化工板块走高，多氟多、天 际股份等多股涨停；玻璃玻纤板块拉升，宏和科技、九鼎新材涨停；有机硅板块活跃，三孚股份涨停；电池、能源金属及锂矿概念等涨幅居前。(格隆汇) | 涨幅榜 | 资金净流入 | 5日涨幅* | | --- | --- | --- | | 精细化工 | 保障 | 林木 | | +2.25% | +1.23% | +1.179 | | 建材 | 石油天然气 | 基本金 | | +1.03% | +1.01% | +0.86 | | 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 3919.98 | 13368. ...

A股主要指数拉升，创业板指涨1.08%，沪指涨0.47%，深证成指涨0.83%。能源金属、锂矿、电池、贵 金属、光刻机、有机硅、PCB等概念涨幅居前；全市约2000股上涨，3300股下跌。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 | 名称 | 涨跌幅 | | --- | --- | | 锂电电解液指镂 | 7.23% | | 玻璃纤维指数 | 5.61% | | 动力电池指数 | 3.79% | | 锂电负极指数 | 3.73% | | 锂电池指数 | 3.22% | | 锂电正极指数 | 3.16% | | 固态电池指数 | 2.99% | | 钠离子电池指镂 | 2.90% | | 氟化工指数 | 2.87% | | 锂矿指数 | 2.90% | | 磷酸铁锂电池排 | 2.80% | ...

投资咨询号:Z0000116 国贸期货研究院 2025/12/18 金融衍生品中心 李泽便 从业资格号:F0251925 Wind,国觉期觉财 Time to Matutity 行情回顾 成交量(亿) 收盘价 涨跌幅(%) 成交额(亿元) 指数 2991. 6777 1074. 70 38. 50 上证50 1. 25 4579. 875 4525. 05 沪深300 1. 83 178. 42 220. 50 中证1000 7288. 7384 3662. 64 1. 49 中金所股指期权成交情况 认洁期权 持仓量 期权成交量 认购期权 日成交量 期权持企量 认购期权 认洁期权 指数 持仓量 持仓量 (万张) 成交量 成交量 PCR (万张) PCR 上证50 2. 40 3. 99 3.11 0. 78 6. 45 4. 05 0. 59 7. 10 沪深300 21. 45 12. 79 8. 66 0. 68 20. 62 11. 39 9. 23 0. 81 中证1000 35. 33 24. 26 20. 07 0. 83 17.78 17. 55 44. 33 0. 99 中证1000PCR走势 ...

========= - The CSI 500 Index performed well among scale indices, with the CSI 500 Growth Index rising by 2.37%[6] - The ChiNext Index performed well among sector indices, with the ChiNext Index rising by 3.39%[6] - The Communication, Nonferrous Metals, Electronics, Basic Chemicals, and Non-Banking sectors performed well, with returns of 4.92%, 3.15%, 2.58%, 2.36%, and 2.01% respectively[7] - The Agricultural, Forestry, Animal Husbandry, and Fishery, National Defense and Military, Coal, Comprehensive, and Real Estate sectors performed poorly, with returns of -0.41%, -0.25%, -0.18%, -0.16%, and 0.02% respectively[7] - The concepts of Optical Module (CPO), Lithium Mine, Lithium Battery Electrolyte, Lithium Hexafluorophosphate, and Optical Communication performed well, with returns of 6.59%, 6.39%, 5.36%, 5.28%, and 5.03% respectively[10] - The concepts of Hainan Free Trade Port, Horse Racing, Cross-Strait Integration, Satellite Internet, and Commercial Space performed poorly, with returns of -3.27%, -2.81%, -2.15%, -2.15%, and -1.86% respectively[10] - The highest number of stocks hitting the daily limit during the day was 59, with 58 stocks hitting the limit at the close[13] - The highest number of stocks hitting the daily limit during the day was 28, with 27 stocks hitting the limit at the close[13] - The closing return of stocks that hit the daily limit yesterday was 0.14%, while the closing return of stocks that hit the daily limit yesterday was -2.37%[14] - The sealing rate today was 72%, an increase of 7% from the previous day, and the continuous sealing rate was 22%, a decrease of 1% from the previous day[17] - The balance of margin financing and securities lending as of December 16, 2025, was 2,504.8 billion yuan, with a financing balance of 2,488.1 billion yuan and a securities lending balance of 16.7 billion yuan[19] - The balance of margin financing and securities lending accounted for 2.7% of the market's circulating market value, and the margin financing and securities lending transactions accounted for 10.2% of the market's transaction value[22] - The large-cap growth ETF had the highest premium on December 16, 2025, with a premium of 1.15%, while the innovative drug ETF Guotai had the highest discount, with a discount of 0.70%[23] - The average daily transaction amount of block trades in the past six months reached 2.1 billion yuan, and the transaction amount on December 16, 2025, was 1.6 billion yuan[26] - The average discount rate of block trades in the past six months was 6.63%, and the discount rate on December 16, 2025, was 4.62%[26] - The annualized discount rate of the main contracts of the SSE 50, CSI 300, CSI 500, and CSI 1000 stock index futures in the past year were 0.89%, 3.73%, 11.22%, and 13.67% respectively[28] - The annualized discount rate of the main contract of the SSE 50 stock index futures on December 17, 2025, was 18.71%, at the 2% percentile in the past year[28] - The annualized discount rate of the main contract of the CSI 300 stock index futures on December 17, 2025, was 4.57%, at the 41% percentile in the past year[28] - The annualized premium rate of the main contract of the CSI 500 stock index futures on December 17, 2025, was 15.70%, at the 100% percentile in the past year[28] - The annualized premium rate of the main contract of the CSI 1000 stock index futures on December 17, 2025, was 10.74%, at the 100% percentile in the past year[28] - The stocks with the most institutional research in the past week were Changan Automobile, Yipin Red, Boke Shares, Fuchuang Precision, Boying Special Welding, Zhishang Technology, Ruide Intelligent, and Kaizhong Shares, with Changan Automobile being researched by 214 institutions[30] - The top ten stocks with net inflows from institutional special seats on December 17, 2025, were Juguang Technology, Shenzhen Southern Circuit, Hualing Cable, Shengxin Lithium Energy, Shunhao Shares, Kaipu Cloud, Western Materials, Tongyu Communications, Liante Technology, and Gu'ao Technology[36] - The top ten stocks with net outflows from institutional special seats on December 17, 2025, were Yingwei Ke, Snowman Group, Guangxun Technology, Zhongchao Holdings, Biological Shares, Tianji Shares, Sun Cable, Sanyang Horse, Eurasia Group, and Qujiang Cultural Tourism[36] - The top ten stocks with net inflows from Northbound Trading on December 17, 2025, were Shenzhen Southern Circuit, Shengxin Lithium Energy, Aerospace Electromechanical, Guangxun Technology, Hualing Cable, Chaoxun Communications, Chinese Health, and Tongyu Communications[37] - The top ten stocks with net outflows from Northbound Trading on December 17, 2025, were Snowman Group, Biological Shares, Juguang Technology, Yidong Electronics, Aerospace Changfeng, Yingwei Ke, Liante Technology, and Western Materials[37] =========

六部门：对新建煤炭开发利用项目和有条件的存量项目，推动清洁高效利用水平应提尽提 国家发改委、工信部、生态环境部等六部门关于发布《煤炭清洁高效利用重点领域标杆水平和基准水平（2025 年版）》，鼓励和引导行业企业结合实际和长远发展，对项目实施改造升级。对新建煤炭开发利用项目和有条 件的存量项目，推动清洁高效利用水平应提尽提，力争达到标杆水平。对清洁高效利用水平低于现有基准水平 的存量项目，引导企业有序开展煤炭清洁高效利用改造，加快推动企业减污降碳，坚决依法依规淘汰落后产 能、落后工艺。对需开展煤炭清洁高效利用改造的项目，各地应在不影响电力、热力供应的情况下明确改造升 级和淘汰时限（一般不超过3年）以及年度计划，在规定时限内升级到基准水平以上，力争达到标杆水平；对 不能按期改造完成的项目予以淘汰。加强煤炭清洁高效利用工艺技术装备研发和推广应用，开展煤炭清洁高效 利用项目评价，积极推动技术改造升级项目建设。 ★ 宏观动态 ★ 国家发改委等部门：对标国内外煤炭最严格污染物排放要求，完善煤炭清洁高效利用标杆水平 国家发展改革委等部门发布《煤炭清洁高效利用重点领域标杆水平和基准水平（2025年版）》。其中提到，结 合煤炭 ...

来源：股市你金哥 一、今日A股复盘： 今天A股震荡走低，我认为有以下原因：1、政策"空窗期"。当前市场正处于等待国内重大政策定调的关键时期。投资者普遍在观望即将召开的工作会，该 会议将为2026年的政策定下总基调。在政策信号明朗前，市场倾向于谨慎观望。 2、美联储12月的议息会议是另一个重要变量。尽管市场对降息有所期待，但其具体时点和基调仍存不确定性，这影响了全球资金的流向和风险偏好。尽管 美联储12月降息概率上升，但其具体表态是否"鹰派"仍存变数。此外，日本央行加息等因素也对全球流动性预期带来扰动，间接影响A股。 3、临近年末，机构资金有调仓换股、锁定收益的需求。这加剧了市场波动，尤其是从前期涨幅较大的板块流向估值较低、安全性更高的板块。 4、AI应用方向、文化传媒、游戏、软件开发等，是今天的"重灾区"。主要是获利回吐和估值消化的过程。这些板块前期涨幅较大，在市场风险偏好下降 时，资金撤离高估值成长板块的压力最为明显。 5、能源金属板块的下挫，与市场对全球经济增长放缓的担忧及行业自身周期性调整有关。 二、我对后市的观点： 简单来说，今天A股的下跌与众多因素有关，有国际上的、有国内的、有预期变化的影响，也有市 ...

Market Overview - The three major indices collectively declined in early trading, with the Shanghai Composite Index down 0.09%, the Shenzhen Component down 0.19%, and the ChiNext Index down 0.5%, while the North Stock 50 rose by 0.59% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1,075.6 billion yuan, an increase of 19.5 billion yuan compared to the previous day [1] - Over 3,500 stocks in the market experienced declines [1] Sector Performance - The sectors showing the most significant gains included cultivated diamonds, coal mining and processing, wind power equipment, airport transportation, pharmaceutical retail, industrial metals, and the Hainan Free Trade Zone [1] - The coal sector saw a collective rise, with companies like Dayou Energy, Antai Group, and New Dazhou A hitting the daily limit [1] - The cultivated diamond sector also performed well, with Sifangda and Huifeng Diamond experiencing a 10% intraday increase [1] - The flu and pharmaceutical retail sectors remained active, with Haiwang Biological achieving six consecutive trading limits and Ruikang Pharmaceutical hitting the daily limit [1] Declining Sectors - Sectors such as gaming, film and television, and energy metals related to AI applications experienced significant declines, with Fushi Holdings dropping by 10% and Century Huatong, Xinghui Entertainment, and China Film also seeing notable decreases [1] - Energy metals, including lithium mining, faced downward pressure, with companies like Weiling Co., Shengxin Lithium Energy, and Tianqi Lithium all experiencing declines [1]