【导读】港股三大指数延续涨势，科技、金融、半导体等板块上涨，茶饮股降温 见习记者 纪瑶 6月5日，港股三大指数延续涨势。截至收盘，恒生指数涨1.07%，报收于23906.97点；恒生科技指数涨1.93%，报收于5319.96点；恒生国企指数涨1.26%， 报收于8684.73点。 盘面上，科技股领涨，金融股持续活跃，半导体、手机产业链股上涨；茶饮股价格回调，医药板块下跌。 科技板块领涨 港股科技股领涨，快手涨5%，阿里巴巴涨超3%，美团涨2.6%，小米、京东涨1.5%，百度、网易涨1%。 蜜雪集团近一个月表现，来源 ：Wind 此外，其他消费股老铺黄金、泡泡玛特、毛戈平等同步回调，分别下跌9.05%、1.22%、6.67%。 金融股表现继续活跃。截至收盘，中信证券涨2.68%，中国银河涨2.53%，新华保险涨4.35%，中国财险涨3.5%。此外，半导体、手机产业链概念股午后涨 幅扩大，宏光半导体大涨近11%，中芯国际涨超4%。 | 中国人寿 | | 中国平安 | 香港交易所 | | 中信证券 | | --- | --- | --- | --- | --- | --- | | 2.20% | | 0.44% | ...

港股午评：恒生指数涨0.42% 大消费板块集体回调 金十数据6月5日讯，港股主要指数维持震荡走势，截至中午收盘，恒生指数涨0.42%，恒生科技指数涨 0.92%，盘面上，大消费板块集体回调，稀土概念股、苹果概念股、内房股、半导体板块涨幅居前，消 费电子、港口运输、药品板块跌幅居前。阅文集团(00772.HK)涨近6%，快手(01024.HK)涨超4%，舜宇 光学科技(02382.HK)、商汤(00020.HK)、华虹半导体(01347.HK)涨近3%；老铺黄金(06181.HK)短暂站上 1000港元后跌超8%，茶百道(02555.HK)、蜜雪集团(02097.HK)跌超7%，东方海外国际(00316.HK)跌超 5%，药明康德(02359.HK)跌超2%。 ...

Market Performance - Jinli Permanent Magnet (06680) rose over 17% due to significant increases in overseas medium and heavy rare earth prices, which are expected to gradually transmit to the domestic market [1] - Zhixing Technology (01274) increased over 3% after securing a platform-based logistics vehicle contract with a leading domestic brand [1] - Weimeng Group (02013) surged over 9% as its upgraded Weimeng Guide Agent product is anticipated to benefit from the growth of WeChat e-commerce [1] - Zhaoke Ophthalmology-B (06622) gained over 8% following FDA approval for a new drug trial application for cyclosporine eye gel [1] - Zai Ding Pharmaceutical (09688) rose over 5% after reporting excellent data from the low-dose group of ZL-1310 [1] - Lianlian Digital (02598) saw a mid-session increase of over 5% as it partnered with BVNK to provide stablecoin payment solutions for its merchants [1] - Reading Group (00772) increased over 7% after acquiring a 26.67% stake in Yihua Kaitian, with its IP+AI strategy expected to unlock more value [1] - NIO opened nearly 4% higher, projecting a year-on-year revenue growth of 11.8%-15% for Q2 [1] - Kuaishou-W (01024) rose over 6% as its Kecing AI recently launched a new 2.1 series model, with institutions optimistic about its profitability [1] - Meituan (03690) surged over 3%, reaching a nearly two-month high, with southbound funds continuing to accumulate for 13 consecutive days [1] US Market Highlights - Applied Digital (APLD.US), a stock related to Nvidia, surged nearly 30%, with a 94% increase over three trading days, as long-term contracts are expected to generate $7 billion in revenue [2] - Tesla (TSLA.US) fell 3.55% due to declines in both the Chinese and European automotive markets, with a 15% year-on-year drop in China's May wholesale sales of new energy passenger vehicles [2] - MongoDB (MDB.US) saw a nearly 15% increase in after-hours trading following better-than-expected Q1 results and an $800 million stock buyback plan [2] - Broadcom (AVGO.US) rose over 3% before earnings, reaching a new historical high, with Morgan Stanley stating that AI is operating at full speed, expecting strong Q2 results [3] - Meta increased over 3% as it was reported to be accelerating the development of ultra-lightweight open-headset projects [3] - Guidewire Software (GWRE.US) surged over 16% after exceeding Q3 earnings expectations and raising its guidance [3] - Dollar Tree (DLTR.US) fell over 8% after warning of potential 50% declines in adjusted earnings due to tariffs and weak consumer spending [3] - STMicroelectronics (STM.US) rose nearly 11% amid reports that Italy and France are considering splitting its joint management rights [3]

Market Overview - The Hong Kong stock market continued its rebound with the Hang Seng Index rising by 0.6% to close at 23,654, while the Hang Seng Tech Index also increased by 0.6% to 5,219. The trading volume reached HKD 212.6 billion, indicating active trading, although net inflows from the Stock Connect decreased by about 10% to HKD 3.5 billion [1] - The market showed a "stronger gets stronger" trend, with funds continuing to favor high-certainty stocks. New consumption leaders like Pop Mart (9992 HK) and Mao Geping (1318 HK) reached new highs, reflecting market premium recognition for scarce consumer brands [1] Macro Dynamics - In the U.S., job vacancies rose to 7.391 million in April, an increase of 191,000 from March, indicating resilience in the labor market. The ratio of job openings to job seekers remained at 1.03, consistent with 2019 levels [2] - Despite a rise in layoffs to 1.79 million, the layoff rate remains relatively low, suggesting that companies are hesitant to reduce staff amid a moderately slowing economy [2] Industry Dynamics Automotive Sector - The Chinese government is promoting the "2025 New Energy Vehicles Going to the Countryside" initiative, with 124 models included in the directory, including vehicles from BYD and Geely. The automotive sector in Hong Kong showed stable performance, with most stocks fluctuating between -1% and +2% [3] Consumer Sector - The new consumption and IP concept sectors continue to attract capital. Companies like Blucor (325 HK) have entered the Mexican market, showcasing their product matrix at exhibitions. Blucor and Pop Mart saw respective increases of 17% and 14% over the past five trading days [3] Healthcare Sector - The Hang Seng Healthcare Index rose by 3.2%, driven by recent licensing agreements between domestic pharmaceutical companies and global firms, boosting confidence in the export of innovative drugs. Companies like Innovent Biologics (1801 HK) reported promising clinical data at the ASCO conference, leading to a 14.1% surge in their stock price [4] Energy Sector - The energy sector, particularly nuclear and renewable energy stocks, saw significant gains. China General Nuclear Power (1164 HK) rose by 28.3% after signing a uranium sales framework agreement, benefiting from rising uranium prices due to increased demand from U.S. nuclear energy initiatives [5][9] Company-Specific Insights Huaneng International (902 HK) - The company reported an 8.2% year-on-year increase in net profit for Q1 2025, benefiting from lower fuel costs and increased electricity demand during the summer [11] China General Nuclear Power (1164 HK) - The company is expected to benefit from a new uranium sales agreement, with a pricing mechanism favoring current market prices, enhancing its position amid rising uranium demand [11] Stone Pharmaceutical (1093 HK) - The company experienced a 21.9% decline in total revenue for Q1 2025, primarily due to a slowdown in its core product sales. However, it anticipates a gradual recovery in sales starting from Q2 2025, supported by new licensing agreements and increased sales of oncology drugs [13][14][15]

盘面上看，有色、食品饮料、券商、地产、保险、钢铁、化工、酿酒等板块拉升，稀土、培育钻石、固 态电池、黄金概念等活跃。 4日早盘，两市股指全线走高，创业板指、北证50指数涨超1%，场内近4000股飘红。 截至午间收盘，沪指涨0.43%报3376.58点，深证成指涨0.91%，创业板指涨1.22%，北证50指数涨 1.17%，沪深北三市合计成交7426亿元。 银河证券认为，近期板块轮动速度加快，行情震荡格局尚未改变，市场成交额未出现明显放量，仍以存 量博弈为主。外围市场方面仍然存在较大不确定性。尽管当前中美达成阶段性关税协议，短期缓解了外 贸压力，但后续特朗普政府政策仍然存在反复性。短期内，市场或仍维持震荡格局，关注外部关税的变 化与国内政策的落地节奏。在国内一系列政策支持下，市场调整空间有限。同时，6月18日至19日陆家 嘴论坛期间将发布若干重大金融政策，有望支撑市场预期，建议关注结构性机会。 三大主线配置机会：第一，安全边际较高的资产。在当前外部环境不确定性显著提升的背景下，业绩确 定性相对较强、股息回报整体稳定的红利板块具备防御属性。第二，A股市场"科技叙事"逻辑明晰，修 订后的重组办法有助于推动早期科创企 ...

（原标题：和讯投顾廖进勇：周三市场将延续小阳行情，目标指向3400点） 5月20日，和讯投顾廖进勇指出，周三开盘，指数再次收阳，明日将迎3400点压力挑战。投资者需认准市场节奏，尤其未看懂当前趋势的朋友，需 认真关注以下内容。其预判明日周三市场将延续小阳行情，目标指向3400点，可参考上周三走势。 理由如下：一是回顾前两日观点，主力在上周四周五震荡调整后已收集筹码，本周趋势上涨且将延续至3400点附近，昨日十字星、今日小阳线， 趋势保持向上，明日再涨一天即可达目标位置；二是当前市场情绪良好，昨日涨停板超百家，今日依旧超百家，短线情绪积极，明日有望延续； 三是3400点为4月下跌起点，存在大量套牢盘，市场反弹至此将遇压力，今日收盘3380点，明日还有20个点上涨空间。综上，明日市场将继续上涨 触碰3400点，收盘或小幅回落，预计收小阳线，周四周五将进入震荡行情，与上周整体趋势相似。面对此波段行情，散户应对方法为：短线方 面，3400点时可止盈，待震荡时低吸，因短期内该位置套牢盘筹码未完全消化，市场将震荡两周至5月底；中线方面，持股不动即可，下半年趋势 性上涨行情已确定，中期将每月小阳线逐步上涨。主力资金进攻方向 ...

证券研究报告 2025 年 05 月 07 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌% | | 上证指数 | 3316.11 | 1.13 | | 深证成指 | 10082.34 | 1.84 | | 创业板指 | 1986.41 | 1.97 | | 科创 50 | 1026.52 | 1.39 | | 北证 50 | 1373.90 | 3.21 | | 沪深 300 | 3808.54 | 1.01 | A 股市场概览 | 类别 | 总市值 | 流通市 | 市盈率 | 市净率 | | --- | --- | --- | --- | --- | | | (亿元) | 值(亿元) | PE | PB | | 上证指数 | 637466 | 497861 | 11.66 | 1.21 | | 深证成指 | 213645 | 181278 | 19.72 | 2.08 | | 创业板指 | 55474 | 44078 | 26.06 | 3.59 | | 科创 50 | 35427 | 23084 | 57.58 | 4.29 | | 北证 50 | ...

中国资产全线走强。 "五一"假期后首个交易日，A股全线走高，沪指涨超1%重返3300点上方，深证成指、创业板指涨近 2%；港股亦上扬，恒生指数一度涨超1%，南向资金净买入超130亿港元。 可控核聚变概念盘中大幅拉升，截至收盘，中洲特材、久盛电气20%涨停，海陆重工（002255）、合锻 智能（603011）、雪人股份（002639）、兰石重装（603169）等均涨停。 | 代码 | 名称 | � 涨幅% | 现价 | 涨跌 | 采价 | 卖价 | 営量 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300963 | 中洲特材 | R 20.01 | 18.17 | 3.03 | 18.17 | - | 636658 | | 301082 | 久盛电气 | 19.97 R | 16.52 | 2.75 | 16.52 | l | 199013 | | 301310 | 表示V | R 15.36 | 40.10 | 5.34 | 40.10 | l | 131874 | | 301137 哈焊华通 | | 14.23 R | 22.31 | 2.78 ...

今天白天很意外，拖了2个多月的阿里数学竞赛突然就公布了比赛结果，还专门附带了备受关注的那对师生的调查结果。之所以意外是因为我上个月有一 篇文章质疑阿里为什么迟迟不公布结果，被删了，当时我以为这件事也会冷处理，拖时间不了了之。 事情的真相倒在意料之中，初赛是老师"帮忙"答题，复赛师生两人都未得奖。阿里承认赛制设计不完善，涟水中专对老师也进行了处罚。 我白天发的短评里也说了，文科有可能靠自己的天赋自学成才，高等数学你有实力的话一定是有迹可循的，绝对不会埋没人才。事实上这一次初赛入围的 年纪最小的是一个上海华育中学的初中生，他的复赛成绩获得了铜奖，但从头至尾很少有人会去质疑他的真实性，因为这个初中生是圈内有名的少年天 才。 怀才就像怀孕，它有一个逐渐发展的过程，时间久了肯定能看出来。不可能你上个月还来月经，这个月就要临产了。 其实当时新闻发出来以后，很快就引起了巨大争议，但一些专业人士的质疑被解读为他们心胸狭隘容不下平民天才。很多人希望借着这件事否定现行的教 育选材机制，哪怕是今天官方公布了调查结果，微博和小红书上依然有人怀疑这是学阀们故意打压的阴谋论。 其实要我说这件事发展到这个地步，和某几个大官媒在未经调查的情 ...