A股盘中市值总和突破100万亿元，上证指数创近十年新高。 ③北证50指数大涨6.79%，收报1576.63点，创历史新高。 ④深成指、创业板指均突破去年10月8日高点。 ⑤沪深两市全天成交额为2.76万亿元，创年内新高，历史第三高。 ①A股盘中市值总和突破100万亿元，创历史新高。 ②上证指数收报3728点，创近十年新高。 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report Although economic data weakened in July, market expectations for policy intensification have increased. The market is focusing on the semi - annual reports of listed companies, with positive net profit growth in the four broad - based indices. Some companies' improved fundamentals support the stock market, but the potential drag from unreported companies' profit declines should be watched. A - shares with reasonable valuations are attracting foreign capital inflows. The strategy suggests light - position buying on dips [2]. 3. Summary by Relevant Catalogs 3.1 Futures Data - **Futures Contracts**: All main and secondary contracts of IF, IH, IC, and IM showed price increases. For example, the IF main contract (2509) rose 34.6 to 4237.8 [2]. - **Futures Spreads**: All spreads between different contracts showed increases. For instance, the IF - IH monthly contract spread rose 26.4 to 1389.4 [2]. - **Futures Net Positions**: The net positions of the top 20 in IF, IH, and IM increased, while that of IC decreased slightly [2]. - **Futures Basis**: The basis of IF, IH, and IC main contracts decreased, while that of IM increased [2]. 3.2 Market Data - **Spot Prices**: All major spot indices (CSI 300, SSE 50, CSI 500, and CSI 1000) rose. The CSI 300 rose 37.1 to 4239.41 [2]. - **Market Turnover and Margin Trading**: A - share trading volume remained at a high level, and the margin trading balance increased slightly [2]. - **Market Sentiment Indicators**: North - bound trading was active, and the proportion of rising stocks decreased. The Shibor rate increased [2]. 3.3 Industry News - **Economic Data**: In July 2025, fixed - asset investment, real - estate investment, and social retail sales growth slowed down compared to previous values. However, inflation data showed improvement, and the M2 - M1 gap continued to narrow [2]. - **Stock Market Performance**: A - share major indices closed higher, with over 4000 stocks rising. Communication, comprehensive, and computer sectors strengthened, while real - estate and oil sectors declined [2]. 3.4 Upcoming Key Data - August 20th, 9:00: China's one - year and five - year LPR quotes - August 21st, 15:00 - 16:30: France, Germany, Eurozone, and UK's August SPGI manufacturing, service, and composite PMI preliminary values; 21:45: US August SPGI manufacturing, service, and composite PMI preliminary values - August 22nd, 22:00: Fed Chairman Powell's speech at the Jackson Hole Global Central Bank Conference [3]

证券时报记者 吴少龙 王军 胡华雄 8月18日，A股市场涨势如虹，人气进一步高涨，多个指数盘中创阶段新高。 其中，上证指数盘中突破2021年2月18日曾触及的3731.69点高点，创出自2015年8月20日之后的近10年新高。深证成指、创业板指数均突破2024年10月8日 的高点，创出最近两年新高。北证50指数盘中突破1500点，创出历史新高。 在银行等权重的带领下，目前A股整体市盈率为21.09倍，处于近十年历史分位数的82.78%。 数据显示，截至2025年8月18日，上证指数滚动市盈率（PE-TTM）约15.87倍，处于近十年历史分位数的86.50%。而10年前的2015年8月20日，上证指数滚 动市盈率（PE-TTM）约为16.5倍，当年的6月12日，上证指数滚动市盈率（PE-TTM）最高一度达到23倍；4年多前的2021年2月18日，上证指数滚动市盈 率（PE-TTM）为16.81倍。 值得关注的是，目前，各大指数呈现较为明显的分化，其中深证成指处于近十年历史分位数的63.21%；创业板指较低，为28.98%。沪深300、中证500、 中证1000均已经超过70%。 招商证券的观点称，由于当前A股整 ...

Core Viewpoint - The A-share market has entered a period of heightened activity, with total market capitalization surpassing 100 trillion yuan for the first time in history, driven by a positive cycle of capital flow and institutional support [1][2][3]. Market Performance - As of August 18, the A-share market's total capitalization reached 113.62 trillion yuan, with major indices showing strong performance: the Shanghai Composite Index rose by 0.85% to 3728.03 points, the Shenzhen Component Index increased by 1.73% to 11835.57 points, and the ChiNext Index surged by 2.84% to 2606.20 points [2]. - The market has seen a continuous trading volume exceeding 2 trillion yuan for four consecutive trading days, with sectors such as communication equipment, software, and cultural media leading the gains [2]. Institutional Insights - Multiple public fund institutions have indicated that the market is experiencing a positive cycle, with increasing capital inflow being a key driver of the sustained strong performance [4][5]. - Analysts from various funds believe that the combination of policy support, liquidity easing expectations, and ongoing industrial upgrades will lead the A-share market into a more resilient and sustainable "slow bull" phase [5]. Economic Indicators - Financial data shows promising trends, with M1 and M2 growth rates exceeding expectations, indicating accelerated activation of household deposits [4]. - The current market environment is seen as favorable for equity assets, with a strong capacity to absorb capital and a visible profit-making effect likely to enhance market risk appetite [4]. Sector Focus - Key sectors identified for attention include technology, large finance, and military industries, particularly during the earnings disclosure period, which may provide catalysts for market movement [7]. - The technology sector, especially AI applications and advanced semiconductor processes, is highlighted as having significant potential, aligning with national policies on self-sufficiency and reasonable valuation levels [7].

据环球网援引乌克兰"Strana.ua"新闻网等媒体18日报道，乌克兰警方称，一辆军车在基辅发生爆炸。 报道晒出涉事军车受损图片称，据初步了解，爆炸发生在车主靠近这辆汽车时。 责编：罗晓霞 校对： 刘榕枝 百万用户都在看 午后，突然跳水！发生了什么？ A股突发，三大重磅来袭！特朗普宣布：不加征关税！央行，重要信号！影响一周市场的十大消息 突然升温！A股逼近3700点，该怎么操作？切记，这是上涨中最容易犯的错 沸腾！暴涨近170%！中国，创造历史！ 解散！马斯克，突发！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 看券商中国 知天下财经 券中社 券 商 中 国 × 券 中 社 扫 码 下 载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 弊中社 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权, 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 ...

Core Viewpoint - The Shanghai Composite Index rose nearly 1% in the morning session, surpassing the 3731.69 point mark, reaching a 10-year high [1] - The CSI A500 ETF increased by over 1.2%, with a trading volume close to 3 billion yuan [1] Group 1: Market Performance - The CSI A500 index represents a balanced mix of approximately 50% traditional value sectors and 50% emerging growth sectors, making it a quality tool for investors in the A-share market [1] - The market is expected to see an increase in resident capital as policy expectations grow in the second half of the year, indicating that the stock market has likely entered a main upward trend [1] Group 2: Market Sentiment and Future Outlook - The structural profit-making effect in the stock market has been close to one year, with the market reacting quickly to negative news while responding positively to most favorable conditions [1] - The upcoming mid-year report disclosures in late August may cause slight fluctuations, but it is anticipated that this will not alter the bullish main upward trend [1] - Future policies, including the 15th Five-Year Plan and projections for 2026, are expected to bring positive changes to the market [1]

Core Viewpoint - A-shares experienced a significant rally, with major indices reaching new highs, indicating strong market momentum and investor confidence [1][2][5]. Group 1: Market Performance - On August 18, A-shares opened high, with all three major indices rising collectively, the Shanghai Composite Index surpassing 3700 points, approaching a ten-year high [1]. - By 11:24 AM, the Shanghai Composite Index reached 3735.60 points, marking the highest intraday level since August 2015 [2]. - The total market capitalization of A-shares exceeded 100 trillion yuan for the first time in history, setting a new record [5]. Group 2: Index Movements - The Shanghai Composite Index rose by 38.82 points (+1.05%), while the Shenzhen Component Index increased by 233.38 points (+2.01%) [3]. - The ChiNext Index surged over 3%, surpassing 2600 points, with a year-to-date increase of over 20% [1]. - Other indices such as the STAR 50 and the CSI 300 also showed positive movements, with increases of 32.25 points (+2.93%) and 55.03 points (+1.31%) respectively [3].

8月18日，A股三大指数高开高走。沪指盘中涨近1%，突破2021年3731.69点的高点，创下自2015年8月20日以后盘中新高。 截至发稿，几大指数涨幅如下： 在市场整体上行之际，两融规模进一步增长，两融交投热情亦进一步升温。8月5日，A股市场两融余额时隔十年重返2万亿元以上，8月11日，融资余额时 隔十年再次突破两万亿元大关。数据显示，截至2025年8月15日，两融余额达20626亿元，继续刷新最近10年新高，当天两融交易额达到2479亿元，创出 2025年以来新高。今年8月以来，两融余额累计已经增长超过700亿元。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3731.71 | 34.94 | 0.95% | | 399001 | 深证成指 | 11852.22 | 217.55 | 1.87% | | 899050 | 北证50 | 1532.37 | 56.05 | 3.80% | | 881001 | 万得全A | 5921.57 | 86.66 | 1.49% | | 000688 | ...

每经编辑｜金冥羽 8月18日盘中，上证指数摸高至3731.76点，突破2021年2月18日的高点3731.69点，成为2015年8月19日以来的新高点。截至发稿，A股整体成交金额已经突 破1.6万亿元，上涨股票数4188只。 | » | | | | | --- | --- | --- | --- | | | 3731.76 +34.99 +0.95% | | | | | SSE 11:09:09 交易中 | | | | | 金额 | 6456.05亿 关键 | | | | 成交量 | 445.66亿 | | | | 开营 | 3712.50 | 毛利 | | | 昌昌 | 3731.76 | | | | | | 净利 | | | 最低 | 3702.38 | | | | 市盈率TM 16.0 市净率5 1.46 | | EPS | | | 5日 2.31% 20日 | 4.83% | ROA | | | 60日 | 11.34% | ROF | | | 52周高 3704.77 52周低 | 2689.70 | 估值 | | | 胜 501家 亚 112家 张 1711家 | | | （声明：文章内容和数据仅 ...

Group 1 - The core viewpoint of the articles highlights the positive performance of the digital economy sector in the A-share market, with significant gains in major indices and specific stocks [1] - The digital economy ETF (560800) rose by 1.52%, with notable increases in constituent stocks such as Cambricon (up 4.47%), Hikvision (up 2.57%), and Zhongke Shuguang (up 1.93%) [1] - The A-share market has shown a strong upward trend since April, with the ChiNext Index increasing by 8.58% in the past week and the Shanghai Composite Index rising by 1.7%, surpassing 3700 points for the first time in nearly four years [1] Group 2 - The China Securities Index for the digital economy (931582) includes key stocks in the digital economy sector, aligning with high-quality development goals and showcasing the potential of self-controlled industrial chains [2] - The Pengyang Digital Economy ETF (560800) is the first market fund tracking this index, providing good liquidity for investors [2] - Investors are encouraged to consider the Pengyang China Securities Digital Economy ETF linked funds (015787.OF/015788.OF) for exposure to the digital economy [2]