市场表现：20260119 规模指数中中证 2000 指数表现较好，板块指数中深 证综指表现较好，风格指数中中证 500 价值指数表现较好。消费者服务、石 油石化、电新、基础化工、建材行业表现较好，计算机、通信、银行、医药、 电子行业表现较差。特高压、中航系、航空发动机、智能电网、泛在电力物 联网等概念表现较好，网络优化、光模块(CPO)、秘塔 AI 搜索、半导体硅片、 炒股软件等概念表现较差。 证券研究报告 | 2026年01月19日 金融工程日报 沪指午后回暖，特高压、中航系概念爆发 市场情绪：20260119 收盘时有 103 只股票涨停，有 31 只股票跌停。昨日 涨停股票今日收盘收益为 2.62%，昨日跌停股票今日收盘收益为-4.27%。今 日封板率 78%，较前日提升 22%，连板率 20%，较前日提升 7%。 市场资金流向：截至 20260116 两融余额为 27315 亿元，其中融资余额 27144 亿元，融券余额 171 亿元。两融余额占流通市值比重为 2.7%，两融 交易占市场成交额比重为 11.0%。 折溢价：20260116 当日 ETF 溢价较多的是科创 100 增强 ETF，ETF ...

证券研究报告 | 策略点评 2026 年 01 月 19 日 投资要点 今日关注 指数涨跌情况：今日 A 股主要指数涨跌参半。截止收盘，上证指数涨 0.29%， 收报 4114.00 点；深证成指涨 0.09%，报 14294.05 点；科创 50 跌 0.48%，收 报 1506.86 点；创业板指跌 0.70%，收报 3337.61 点。总体上，全天个股涨多 跌少，Wind 数据显示，全市场 3526 只个股上涨，1826 只个股下跌，117 只个 股收平。沪深两市今日成交额合计 27083 亿元，较上个交易日缩量 3179 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，基础化工、石油石化、电力设 备、汽车、社会服务、建筑材料涨幅靠前，涨幅分别为 2.70%、2.08%、1.84%、 1.70%、1.63%、1.61%，计算机、通信、银行跌幅靠前，跌幅分别为 1.55%、 0.96%、0.60%。 概念板块涨跌情况：今日涨幅居前概念板块为特高压、中航系、海南自贸港、 氟化工、充电桩、虚拟电厂、化学原料精选、动物保健精选、化学纤维精选、 冰雪旅游、通用航空、大飞机、玻璃纤维、航母、稀有金属精选。 风险提示 ...

2026.01. 19 本文字数：885，阅读时长大约1分钟 作者 | 一财阿驴 1月19日，A股缩量震荡，主要指数走势分化。截至收盘，沪指涨0.29%，深成指涨0.09%，创业板指跌0.7%。科创综指跌0.21%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | mann | 4114.00c | 12.09 | 0.29% | | 399001 | 深证成指 | Uniforn | 14294.05c | 12.97 | 0.09% | | 399006 | 创业板指 | mon | 3337.61 c | -23.41 | -0.70% | | 000680 | 科创综指 | Mirm W | 1851.07 c | -3.96 | -0.21% | 盘面上，特高压、中航系概念爆发，多股涨停，石油化工、餐饮旅游板块表现亮眼；CPO、OCS、半导体硅片、消费电子跌幅居前。 具体来看，电网设备股再度爆发，中国西电、积成电子、思源电气等逾20股涨停。 | 代码 | 名称 | 米帽 ...

| 代码 | 名称 | 张唱 | 现价 | | --- | --- | --- | --- | | 920046 | 亿能电力 | +29.96% | 24.51 | | 300444 | 双杰电气 | +20.00% | 14.82 | | 662026 | 灿能电力 | +17.72% | 28.10 | | 300427 | 红相股份 | +15.17% | 17.99 | | 002498 | 汉缆股份 | +10.09% | 4.80 | | 005328 | 森源电气 | +10.08% | 7.10 | | 002606 | 大连电瓷 | +10.05% | 10.84 | | 002546 | 新联电子 | +10.05% | 9.09 | | 601616 | 广电电气 | +10.04% | 5.04 | | 002339 | 积成电子 | +10.04% | 11.40 | | 601179 | 中国西电 | +10.04% | 14.36 | | 200550 | 保变电气 | +10.03% | 15.69 | | 000400 | 许继电气 | +10.02% | 32.40 | ...

1月13日早间A股开盘，上证指数涨0.11%，深证成指涨0.21%，创业板指涨0.07%，北证50涨0.45%。快手、AI语料、AI医 疗、教育信息化、AIGC概念走强，航天系、MLCC、大飞机、成飞、中航系概念走弱。 ...

Market Overview - The A-share market showed mixed performance today, with the Shanghai Composite Index down by 0.07% closing at 4082.98 points, while the Shenzhen Component Index fell by 0.51% to 13959.48 points. The ChiNext Index decreased by 0.82% to 3302.31 points, and the Sci-Tech 50 Index rose by 0.82% to 1455.17 points. Overall, 3730 stocks rose while 1588 stocks fell, with a total trading volume of 28003 billion yuan, a decrease of 539 billion yuan from the previous trading day [1][2]. Industry Performance - Among the primary industries, sectors such as defense and military, media, construction decoration, real estate, and building materials led the gains, with increases of 4.18%, 2.00%, 1.76%, 1.60%, and 1.33% respectively. Conversely, non-bank financials, metals, telecommunications, and banking sectors experienced declines of 2.81%, 1.56%, 0.95%, and 0.89% respectively [1][2]. Concept Sector Performance - The top-performing concept sectors included large aircraft, satellite internet, commercial aerospace, aircraft carriers, military information technology, and military-civilian integration, among others. In contrast, sectors such as stock trading software, rare metals, and insurance saw a pullback [2].

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index falling by 0.75% to close at 3477.00 points, and the Shenzhen Component Index dropping by 1.10% to 10122.11 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 146.72 billion yuan, an increase of 19.54 billion yuan compared to the previous trading day [1] - Among the Shenwan first-level industries, only the oil and petrochemical, national defense and military industry, and public utilities sectors experienced gains, while the remaining sectors all declined, with beauty care, media, food and beverage, light industry manufacturing, pharmaceutical biology, and automotive sectors leading the losses [1] Sector Performance - The top-performing concept sectors today included oil and gas extraction, natural gas, shipping selection, military information technology, aircraft carriers, gold and jewelry, deep-sea technology, commercial aerospace, military-civilian integration, large aircraft, general aviation, and diamond cultivation [1]

Group 1 - The military industry sector is experiencing renewed activity, with significant gains in related stocks and ETFs, particularly the "Aviation Industry" concept stocks like Chengfei Integration and Aerospace Rainbow [1][2] - The successful performance of the J-10CE fighter jet in actual combat has boosted confidence in Chinese military products, as reported by CCTV [2] - The unveiling of the "Jiutian" drone at the 15th China Airshow, which is designed to carry various missiles and reconnaissance equipment, indicates advancements in China's drone technology [2] Group 2 - The upcoming Paris Airshow will feature 20 Chinese companies, showcasing high-end manufacturing technologies, which aims to enhance international cooperation and integrate China's aerospace industry into the global market [2] - Recent regulatory changes to the asset restructuring management rules for listed companies are expected to benefit the military sector, particularly in facilitating cross-border mergers and acquisitions [2] - Institutional views suggest that the military industry is poised for an upward trend, with stable orders and ongoing military trade expected to support this growth [3] Group 3 - The Aerospace ETF (159227) focuses on the military sector, with a high concentration of military industry stocks, particularly in aerospace equipment, which accounts for 73% of the index [4] - The National Aerospace Index has a higher concentration in aerospace and military equipment compared to other indices, indicating a strong focus on this sector [4]

Market Performance - The CSI 1000 index performed well today, while the CSI 50 index declined by 0.15% and the CSI 300 index fell by 0.08%. The CSI 500 index increased by 0.11%, and the CSI 2000 index rose by 0.27% [6] - Among sector indices, the North Securities 50 index showed strong performance with a rise of 0.52%. The comprehensive finance, textile and apparel, communication, banking, and light industry manufacturing sectors performed well, with returns of 1.69%, 1.42%, 0.97%, 0.89%, and 0.56% respectively. Conversely, the defense, non-ferrous metals, electric utilities, steel, and pharmaceutical sectors underperformed, with returns of -1.53%, -0.83%, -0.71%, -0.59%, and -0.55% respectively [7] - Concept themes such as yellow wine, jewelry, home textiles, PEEK materials, and liquid metals performed well, with returns of 5.06%, 3.19%, 3.01%, 2.71%, and 2.00% respectively. In contrast, concepts like gold selection, aviation engines, photolithography machines, AVIC system, and oil and gas reform showed poor performance, with returns of -2.44%, -1.87%, -1.80%, -1.80%, and -1.73% respectively [8] Market Sentiment - At the market close, there were 48 stocks hitting the daily limit up and 19 stocks hitting the limit down. Stocks that hit the limit up yesterday had a closing return of 0.33%, while those that hit the limit down had a return of -3.54% today. The sealing rate today was 62%, unchanged from the previous day, while the consecutive sealing rate dropped by 14% to 12% [2][12][17] Market Capital Flow - As of April 1, 2025, the margin trading balance was 1.914 trillion yuan, with a financing balance of 1.9028 trillion yuan and a securities lending balance of 11.2 billion yuan. The margin trading balance accounted for 2.4% of the total market capitalization, and margin trading accounted for 8.8% of the market turnover [3][20][23] Premium and Discount - On April 1, 2025, the IoT ETF showed the highest premium at 3.15%, while the Sci-Tech Biomedicine ETF had the highest discount at 0.57%. The average discount rate for block trades over the past six months was 5.41%, with a discount rate of 4.29% on the same day [4][25][29] Institutional Attention and Rankings - In the past week, the stocks with the most institutional research were Sanhua Intelligent Control, Magmi Tech, Huayang Group, and others, with Sanhua Intelligent Control being researched by 409 institutions [5][33] - The stocks with the highest net inflow from institutional special seats on April 2, 2025, included Dongtu Technology, Qin Chuan Machine Tool, and others, while those with the highest net outflow included Hangfa Power, Rundu Shares, and others [37][40]

The provided content does not include any specific quantitative models or factors, nor does it detail their construction, evaluation, or backtesting results. The documents primarily focus on market performance, sentiment, fund flows, ETF premiums/discounts, block trades, and institutional activity. These are descriptive analyses and statistics rather than quantitative models or factor-based methodologies.