热点情报 1. 尾盘，大消费爆发 零售概念股尾盘大幅拉升，东百集团、国光连锁、三江购物强势涨停。 消息面上，工信部等6部门印发《关于增强消费品供需适配性进一步促进消费的实施方案》。 解读： 方案指出，到2027年，消费品供给结构明显优化，形成3个万亿级消费领域和10个千亿级消费热点，打 造一批富有文化内涵、享誉全球的高品质消费品。 大消费作为市场的权重板块，今年表现远远落后成长股，更被戏称为"老登股"。 消费股整体估值仍处历史低位，机构配置比例偏低，一旦基本面与情绪面共振，可能有资金会做一轮高 低切行情。 2. 中际旭创历史新高，市值突破6000亿元 CPO板块强势走高，截至收盘，长光华芯、永鼎股份、青山纸业封板涨停。三大龙头中际旭创、新易 盛、天孚通信分别大涨13.3%、8.7%、6.2%。 中际旭创市值突破6000亿元，股价创历史新高。 海欣食品同一时间也直线涨停，欢乐家、石基信息等纷纷大涨。 | D | 代码 名称 | 涨幅量 | | 现价 主力净量 主力金额 | | 涨跌 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 600693 东百集团 | ...

11月26日，深成指、创业板指双双低开高走，创业板指盘中一度涨超3%。板块方面，医药、零售、CPO等板块涨幅居前，军工装备、林业、游戏等板 块跌幅居前。全市场超3500只个股下跌。沪深两市成交额1.78万亿元，较上一个交易日缩量288亿。 | 证券代码 | 证券简称 | 单日净值增长率(%) | 近1周回报(%) | 今年以来回报(%) | 基金经理(现任) | 基金规模(亿元) | | --- | --- | --- | --- | --- | --- | --- | | 010807.OF | 融通稳信增益6个月持有A | 2.08 | 1.54 | 32.57 | 何龙,张彩婷 | 0.81 | | 004888.OF | 财通资管鑫逸A | 1.53 | 0.25 | 21 | 李晶石玉山 | 0.41 | | 014625.OF | 财通资管稳兴丰益六个月持有A | 1.37 | 1.29 | 6.37 | 宫志芳,李晶 | 0.92 | | 006972.OF | 金鹰民安回报一年定开A | 0.96 | 0.11 | 16.02 | 林龙军 | 12.04 | | 008541.OF | 西部利 ...

Group 1 - The AI industry chain continues to show strong performance, with sectors like CPO and optical communication leading the gains [1] - The CSI Artificial Intelligence Theme Index rose by 3.7%, while the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index increased by 1%, both achieving a "three consecutive days" rise [1] - The trading volume for AI-related ETFs was active, with the Artificial Intelligence ETF (159819) recording a total transaction amount of nearly 1.5 billion yuan, significantly higher than the previous day [1] Group 2 - Goldman Sachs' chief China equity strategist stated that the rise in Chinese stocks driven by AI is not a bubble, as Chinese tech companies still have room to enhance valuations and profits through a focus on AI applications [1] - The bullish trend in Chinese stocks is expected to continue, with global investors increasingly willing to explore investment opportunities in the Chinese market [1] - Clients from emerging markets are actively positioning themselves in Chinese assets [1]

Group 1: Vanke Debt Situation - Vanke's debt situation is under scrutiny as a report suggests that the local government is considering a "market-oriented" approach to handle its debt [1][2] - A working group previously estimated a funding gap of approximately 150 billion RMB (about 21.1 billion USD) for Vanke, with total interest-bearing liabilities reported at around 362.9 billion RMB (51.1 billion USD) as of September 30 [3] - Vanke faces imminent challenges with two domestic bonds maturing in December, totaling 2 billion RMB and 3.7 billion RMB, respectively [4] Group 2: Market Reactions and Implications - The market is reacting to rumors that Shenzhen has sought assistance from Beijing regarding Vanke's debt situation, leading to speculation about potential outcomes [4] - The report indicates that the Shenzhen government can no longer support Vanke independently, suggesting a need for intervention from higher authorities [2] Group 3: Industry Trends and Stock Performance - The TMT sector has experienced significant fluctuations, with the rolling 40-day excess return narrowing to a historical low of around -7.5%, indicating a potential bottoming out [10] - Recent reports highlight a strong performance in the optical communication sector, driven by rumors of Google placing a substantial order, which has positively impacted related stocks [14][22]

Market Overview - The Shanghai Composite Index closed at 3864.18 points, down 0.15%, with a trading volume of 701 billion [1] - The Shenzhen Component Index closed at 12907.83 points, up 1.02%, with a trading volume of 1082.3 billion [1] - The ChiNext Index closed at 3044.69 points, up 2.14%, with a trading volume of 529 billion [1] - The STAR Market 50 Index closed at 1315.04 points, up 0.99%, with a trading volume of 57.6 billion [1] - Total trading volume for both markets was 1783.3 billion, a decrease of 28.8 billion from the previous trading day [1] Sector Performance - Strong sectors included telecommunications, electronics, home appliances, pharmaceutical biology, retail, and automotive [3] - Active concepts included CPO, innovative drugs, cultivated diamonds, optical communication modules, synchronous reluctance motors, and duty-free [3] - Weak sectors included defense, media, beauty care, oil and petrochemicals, banking, environmental protection, agriculture, forestry, animal husbandry, and coal [3] - The number of stocks that rose was 1631, while 3375 stocks fell, with 149 stocks remaining flat and 14 stocks suspended [3] Capital Flow - The net outflow of main funds in the Shanghai and Shenzhen markets was 11.01 billion [6] - The ChiNext saw a net outflow of 5.64 billion, while the CSI 300 experienced a net inflow of 5.23 billion [6] - The electronic sector had the highest net inflow of 3.16 billion, followed by telecommunications, home appliances, retail, banking, and automotive [6] - The media sector had the largest net outflow of 4.44 billion, followed by computer, defense, non-ferrous metals, and electrical equipment [6] Individual Stock Performance - 2386 stocks saw net inflows from main funds, with 63 stocks receiving over 1 billion in net inflow [7][8] - The stock with the highest net inflow was Xinyi Technology, with 1.646 billion, followed by Zhongji Xuchuang, Yangguang Electric, and others [9] - 2765 stocks experienced net outflows, with 108 stocks seeing over 1 billion in net outflow [11] - The stock with the highest net outflow was Aerospace Development, with 1.312 billion, followed by Guangku Technology, Kunlun Wanwei, and others [12][13] Institutional Activity - Institutional net buying totaled approximately 1.9 billion, with 13 stocks seeing net buying and 13 stocks seeing net selling [15][16] - The stock with the highest institutional net buying was Changguang Huaxin, with approximately 232 million, followed by China International Marine Containers and others [17]

今日深成指、创业板指双双低开高走，创业板指盘中一度涨超3%。沪深两市成交额1.78万亿，较上一个交易日缩量288亿。 盘面上，市场热点快速轮动，全市场超3500只个股下跌。板块方面，医药、零售、CPO等板块涨幅居前，军工装备、林业、游戏等板块跌幅居前。 截至收盘，沪指跌0.15%，深成指涨1.02%，创业板指涨2.14%。 首先，中国资产正处于重估的趋势中，短期回调不改长期向好趋势，后续市场预计仍将走出"慢牛"行情。 其次，外资投行也指出，尽管市场已经定价年内不再降息，但考虑到美国通胀表现温和、失业率上升，12月份降息并不能完全排除，从中长期看，美联储 降息周期并未终止。 面对这样的行情，不少投资者选择卖出，然而也有不少投资机构反其道而行，大量资金却借道股票ETF"越跌越买"！ Wind数据显示，上周沪深两市股票型ETF和跨境型ETF合计净流入701.21亿元，其中宽基指数ETF净流入359.31亿元，成为资金涌入的主要方向。 业内人士认为，市场大趋势没变，此时资金回流ETF说明很多资金是趁调整抄底。 机构多认为外部因素扰动是近期调整主要原因。 一是美国就业数据超预期但失业率却升至四年来最高，美联储12月降息 ...

Group 1 - Zhongji Xuchuang (300308.SZ) experienced a significant stock price increase of over 13%, reaching a historical high of 543.22 CNY per share, with a trading volume of 32.98 billion CNY, making it the top in A-shares, and its market capitalization surpassed 600 billion CNY, reflecting an annual increase of over 342% [1] - The recent surge in the CPO sector may be linked to positive developments in the overseas computing power chain, particularly Meta's plans to rent TPU computing power from Google Cloud starting in 2026, with a potential transaction scale of several billion dollars [1] - Zhongji Xuchuang is reportedly a supplier of optical modules for Google, although the company has not disclosed specific details regarding its cooperation or orders [1] Group 2 - Guosheng Securities indicated that the exponential growth of computing power is inevitable with the widespread application of AI across various industries, and that relying solely on hardware stacking will face physical limitations and increased energy consumption [2] - CPO technology, which integrates optical modules with switching chips, is seen as an optimal packaging solution for achieving high integration, low power consumption, low cost, and compact size in data center optical interconnects [2] - The optical module industry is entering a phase of simultaneous growth in both volume and price, with significant price increases for 1.6T optical modules and stable demand for 800G and below products, driven by robust capital expenditure from global cloud vendors and accelerated technological iterations [2]

记者丨 叶映橙 见习记者林健民 编辑丨谢珍 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 2 1财经客户端 南财快讯工作室 编辑 | 刘雪莹 实习生关晓桐 重大利好传来，消费股尾盘爆发，电子半导体狂掀涨停潮，中际旭创120个交易日涨近 500% 脱发90后撑起一个IPO，公司年赚近4亿，毛利率超82% 史上最严充电宝新规将落地，业内人士：成本或增20%-30% SFC 21君荐读 本轮CPO概念走强，或与海外算力链利好有关。据财联社报道，Meta计划自2026年起通过谷 歌云租用TPU算力，并于2027年在自有数据中心部署谷歌TPU，交易规模或达数十亿美元。值 得注意的是，有市场消息称，中际旭创是谷歌光模块供应商。 21财经·南财快讯记者以投资者 身份致电中际旭创，接线人员表示，公司本次股价上涨受综合因素影响，至于公司的"具体合 作包括订单都不方便透露"。 国盛证券曾指出，随着未来AI在各行业的广泛应用，算力的指数级增长成为必然，配套设备如 果单靠增加硬件堆叠，例如继续堆叠芯片或服务器/堆叠光模块或者交换机，会面临物理限 制、能耗增加等挑战，无法持续支撑算力大规模增长。在A ...

为方便选手了解有价值的信息，与高手交流市场热点和投资技巧。报名掘金大赛后，就能申请加入掘金大赛交流群，加群方法是：点击微信主页右上 角"+"号，选择"添加朋友"，然后点击"企业微信联系人"，输入手机号13882019385，添加企业微信火山君。 对于大盘方面，有参赛高手认为，在11月21日上证指数就已经破位，目前位置存在一个明显的套牢盘，周三遇阻回落，成交额出现萎缩，表明市场观望 气氛上升。目前宜控制仓位风险，多看少动，不要追涨。 每经编辑｜吴永久 11月26日，A股市场分化较大，上证指数冲高回落，创业板指大涨2.14%，主要是因CPO板块的中际旭创、新易盛、天孚通信大涨所致。截至收盘，沪深 两市成交额17833亿元，较昨日小幅缩量288亿元。 此外，OCS（光交换机）板块的赛微电子大涨16.27%。 在每日经济新闻App举办的掘金大赛中，第78期比赛从11月17日开始，多位选手跑步入场，多位选手表现出色。报名时间为11月15日至11月28日，比赛时 间为11月17日至11月28日。大赛为模拟炒股，模拟资金50万元。每期比赛结束，正收益就获现金奖励！报名就拿福利！冲刺月度积分王大奖！ 每期比赛的税前现金奖励为 ...

今日早盘市场低开高走，全市场超2800只个股上涨。板块题材上，CPO、半导体板块走强，军工、商业航天板块有所调整。港股震荡上涨，创新药板 块"一枝独秀",半导体城块局部活跃。截至午间收盘,中证A500指数上涨0.9%,沪深300指数上涨0.8%，创业板指数上涨2.8%，上证科仓板50成份指数上涨 1.3%，恒生中国企业指数上涨0.5%。 核心大盘宽基指数基本情况跟踪 (2025年11月26日) A股大盘宽基:沪深300ETF易方达/A500ETF易方达 (9) 510310 跟踪沪深300指数/中证A500指数 | 沪深300指数由沪深市场中规 | 截至午间收盘 | 该指数 | 该指数 | | --- | --- | --- | --- | | 模大、流动性好的300只股票 | 沪深300指数涨跌 | 滚动市盈率 | 发布以求 | | 组成,完整覆盖11个中证一级 行业 | 0. 8% | 13.9倍 | 61 | | 中证A500指数由各行业市值较 | 截至午间收盘 | 该指数 | 该指数 | | 大、流动性较好的500只证券 | 中证A500指数涨跌 | 滚动市盈率 | 以来仁 | | 组成,覆盖93个三 ...