2025.05. 16 作者 | 第一财经 截至午间收盘，沪指跌0.52%，深成指涨0.08%，创业板指涨0.16%。 盘面上看，PEEK材料、可控核聚变、小米汽车、工业母机、人形机器人等板块涨幅居前；保险、种 业、物流、美容护理等板块跌幅居前。 个股涨多跌少，全市场近3300只个股上涨。 | 全A | 涨 3297 | 平 216 | 跌 1897 | A股成? | | --- | --- | --- | --- | --- | | 序号 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | 1 | 000001 上证指数 | 3363.32 | -17.50 | -0.52% | | 2 | 399001 深证成指 | 10194.21 | 7.76 | 0.08% | | 3 | 05ENF 050668 | 1424.02 | 8.55 | 0.60% | | 4 | 881001 万得全A | 5109.39 | 0.27 | 0.01% | | 5 | 000688 科创50 | 995.06 | -5.91 | -0.59% | | 6 | 399006 创业板指 | 2046.44 | 3. ...

A股午评：沪指跌0.52% 大金融板块走弱 金十数据5月16日讯，今日三大指数小幅低开后窄幅震荡，截至午间收盘，沪指跌0.52%，深证成指涨 0.08%，创业板指涨0.16%。盘面上，汽车类板块走强，豪恩汽电、天汽模、秦安股份、均胜电子等多 股涨停。PEEK材料概念走高，中欣氟材涨停。可控核聚变概念活跃，百利电气、王子新材等涨停。保 险、银行、证券等大金融板块走弱。汽车类、通用机械、通信设备、元器件等板块涨幅居前；保险、日 用化工、银行、证券等板块跌幅居前。 ...

Group 1 - The A-share market experienced slight fluctuations at the beginning, with the controllable nuclear fusion concept seeing significant gains, particularly Baile Electric reaching a trading limit [1][5] - A50 stock index futures declined rapidly, down by 1% as of the report [3] - The controllable nuclear fusion concept saw a surge, with stocks like Baile Electric and Wangzi New Materials hitting the trading limit, while Jiusheng Electric, Changfu Co., and Zhongzhou Special Materials rose over 10% [5] Group 2 - The Hong Kong stock market weakened, with the Hang Seng Index and Hang Seng Technology Index showing narrowed declines; Alibaba's drop reduced to 4%, while NetEase surged over 15%, reaching a historical high [6] - Wangzi New Materials announced on an interactive platform that its subsidiary Ningbo Xinrong will provide energy storage capacitors for the Anhui Hefei controllable nuclear fusion project, aiming for order delivery by 2025 [8] - The Xiaomi automotive concept gained traction, with Wan'an Technology hitting the trading limit, and several other stocks showing significant increases [8] Group 3 - The defense and military industry concept became active again, with Chengfei Integration achieving eight consecutive trading limits, and other stocks like Lijun Co. and Tongda Co. also hitting trading limits [8] - The PEEK materials concept strengthened, with Zhongxin Fluorine Materials hitting the trading limit and Xinhan New Materials rising over 14% [10] - The new urbanization concept gained momentum, with Jitai Co. hitting the trading limit and several other stocks rising over 10% following the issuance of a policy to promote urban renewal actions [11][12]

Group 1 - The three major indices opened flat, with the Shanghai Composite Index down 0.02%, the Shenzhen Component Index down 0.09%, and the ChiNext Index slightly up [1] - Sectors such as liquid metal and CPO saw the largest gains, while sectors like electric power equipment, PEEK materials, and TOPCon batteries experienced the largest declines [1]

中原期货研究所 晨会纪要 2025 第（81）期 发布日期：2025-05-09 | 投资咨询业务资格 | | | --- | --- | | 证监发【2014】217 | 号 | | 中原期货研究所 | 0371-58620081 | | 0371-58620083 | | | 公司官方微信 | | 公司官方微信 1 中原期货研究所 | 化工 | 主力合约 | 2025/5/9 | 2025/5/8 | 涨跌 | 涨跌幅/% | | --- | --- | --- | --- | --- | --- | | | | 8:00 | 15:00 | | | | | 焦煤 | 882.00 | 894.00 | -12.0 | -1.342 | | | 焦炭 | 1,464.00 | 1,478.00 | -14.0 | -0.947 | | | 天然橡胶 | 14,705.00 | 14,710.00 | -5.0 | -0.034 | | | 20号胶 | 12,560.00 | 12,535.00 | 25.0 | 0.199 | | | 塑料 | 7,022.00 | 7,016.00 | 6.0 | 0 ...

Market Overview - The market opened lower but closed higher, with the ChiNext Index leading the gains [3] - The Shanghai Composite Index closed at 3352.00, up 0.28%, while the Shenzhen Component Index rose by 0.93% to 10197.66 [2] - The total trading volume in the Shanghai and Shenzhen markets was 1.29 trillion, a decrease of 174.9 billion from the previous trading day [5] Sector Performance - The top-performing sectors included Communication (up 2.60%), Defense and Military (up 2.57%), and Electric Equipment (up 1.62%) [2] - Conversely, sectors such as Beauty Care and Non-ferrous Metals saw declines, with Beauty Care down 0.96% [2] - Notable concept indices included Chengfei Concept and Large Aircraft, which performed well, while sectors like Soybeans and PEEK Materials lagged [3] Future Outlook - The report indicates that the market is expected to see more incremental policies, particularly in fiscal policy, to enhance economic resilience and stability [5] - Key areas of investment include transportation, energy, water conservancy, and new infrastructure, with a projected total investment of approximately 3 trillion [4] - The recent financial policy announcements aim to release market liquidity and are expected to positively impact large-cap stocks [5]

浙商证券表示，国防军工行业在"十四五"收官之际，"十五五"新一轮军备采购计划即将推出，大力发展国防军工建设路线坚定，实现作战装备高端化、 智能化、信息化方向明确。国防军工受益于陆军重点建设方向，内需外贸共促增长，行业长期景气上行。此外，特种装备订单恢复及远火外贸增长有望成为 行业催化剂，军工板块业绩拐点已现，全年营收计划同比大幅增长，行业景气度持续提升。 财信证券认为，短期内大盘或将延续震荡向上趋势，投资者可把握科技、消费、红利方向在轮动中的结构性机会。此外，今日港股三大指数低开高走后 显著回落。截至发稿，恒生指数涨0.24%，恒生科技指数涨0.38%，国企指数涨0.51%。 具体来看，A股三大股指在5月8日集体低开，盘初快速走高，带动三大股指早盘涨势明显。午后两市维持高位震荡的走势，个股呈现普涨态势。国防军 工板块午后走强，继续大涨，航天南湖、中航成飞、晶品特装、雷电微力、银河电子等超10股涨停或涨超10%。通信股走强，新易盛、有方科技、中际旭 创、海能达、剑桥科技等涨停或涨超10%。银行股涨幅居前，青农商行、青岛银行、渝农商行、宁波银行、浦发银行等涨超2%。不过，美容护理跌幅靠 前，拉芳家化跌超6%，稳健 ...

Core Viewpoint - A-shares showed a positive trend with major indices closing higher, indicating a stable market environment supported by policy and liquidity improvements [1][11]. Market Performance - The three major indices closed with gains: Shanghai Composite Index up 0.28% to 3352.00, Shenzhen Component Index up 0.93% to 10197.66, and ChiNext Index up 1.65% to 2029.45 [2][1]. Sector Performance - The military industry sector led the gains, with stocks like AVIC Chengfei, Runbei Aerospace, and Aerospace Changfeng hitting the daily limit [4][5]. - The compressor concept stocks experienced a collective surge, with companies such as Magv Technology and Xinlei Co. seeing significant price increases [6]. Capital Flow - Main capital inflows were observed in communication equipment, cultural media, and consumer electronics sectors, while semiconductor and internet service sectors faced outflows [7]. - Notable net inflows included Ningde Times (8.17 billion), New Yi Sheng (6.78 billion), and沃尔核材 (6.59 billion) [8]. - Stocks facing significant net outflows included Hongbaoli (8.36 billion), Huasheng Tiancai (5.55 billion), and Changshan Beiming (4.86 billion) [9]. Institutional Insights - CITIC Construction noted that the market is stabilizing with improved liquidity and policy support, suggesting a focus on domestic circulation and technological innovation for future strategies [11]. - Shanghai Securities highlighted that the current market performance exceeds expectations, with positive sentiment and limited downside potential, attracting international capital [11]. - Founder Securities mentioned a rebound in polysilicon prices, indicating potential stabilization in that sector [12].

Market Overview - The military industry sector showed strong performance, with significant activity in CPO, high-speed copper connections, photovoltaics, computing power, and AI applications, while PEEK materials, gold, and agriculture sectors weakened [1][4] - As of May 8, the A-share market saw over 3,800 stocks rise, with the Shanghai Composite Index up 0.28%, the Shenzhen Component Index up 0.93%, and the ChiNext Index up 1.65% [1][2] Stock Performance - Specific stocks in the military sector, such as AVIC Chengfei, Runbei Aerospace, Aerospace Changfeng, and Chengfei Integration, experienced limit-up gains [4] - Compressor concept stocks also surged, with companies like Mag Valley Technology, Xinlei Co., Jialitu, and Liande Co. hitting the upper limit [4] Capital Flow - Main capital inflows were observed in sectors such as communication equipment, cultural media, and consumer electronics, while semiconductor and internet service sectors saw net outflows [5] - Notable net inflows included Ningde Times (¥8.17 billion), New Yi Sheng (¥6.78 billion), and沃尔核材 (¥6.59 billion), while net outflows were seen in Hongbaoli (¥8.36 billion), Huasheng Tiancai (¥5.55 billion), and Changshan Beiming (¥4.86 billion) [6] Institutional Insights - CITIC Construction noted that with policy support and improved liquidity, the market is stabilizing, suggesting a focus on domestic circulation and technological innovation for future strategies [7] - Shanghai Securities highlighted that the current market performance exceeds expectations, with positive sentiment and limited downside potential, attracting international capital [7] - Founder Securities mentioned a rebound in polysilicon prices, indicating potential stabilization and recovery in that sector [7]

收评：创业板指低开高走涨1.65% 军工股持续爆发 智通财经5月8日电，市场全天低开高走，创业板指领涨。沪深两市全天成交额1.29万亿，较上个交易日缩量1749亿。盘面上，市场热点快速轮动，个股涨多 跌少，全市场超3800只个股上涨。从板块来看，军工股持续爆发，中航成飞等20余股涨停。AI硬件股展开反弹，沃尔核材涨停。ST板块表现活跃，ST瑞和 等近40股涨停。下跌方面，PEEK材料概念股展开调整，新瀚新材跌超10%。板块方面，军工、铜缆高速连接、脑机接口、CPO等板块涨幅居前，PEEK材 料、农业、化肥、黄金等板块跌幅居前。截至收盘，沪指涨0.28%，深成指涨0.93%，创业板指涨1.65%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | -3351.99 | -10197.66 | -2029.45 | | +9.33 +0.28% | +93.53 +0.93% | +32.94 +1.659 | | FREE WARRESS OF | FILE I | 700 | 昨涨停今表现 1.06% 高开率 48% 获利率 48% 封板率 74.00% 封板 66 触 ...