11月5日，市场全天震荡反弹，三大指数低开高走，全线收红。截至收盘，沪指涨0.23%，深成指涨 0.37%，创业板指涨1.03%。沪深两市成交额1.87万亿，较上一个交易日缩量453亿。 盘面上，市场热点轮番活跃，全市场近3400只个股上涨。从板块来看，电网设备板块持续爆发，海南板 块再度走强，福建板块反复活跃，泛消费概念股集体走强，储能板块率先走强。下跌方面，量子科技概 念股调整。板块方面，电网设备、海南、电池等板块涨幅居前，量子科技、游戏等板块跌幅居前。 | 名称 | 最新点位 | - 涨跌幅 | | --- | --- | --- | | 上证指数 | 3969.25 | +9.06(0.23%) | | 深证指数 | 13223.56 | +48.34(0.37%) | | 创业板指 | 3166.23 | +32.14(1.03%) | | | 日期:11月5日 制图:21投资通 | | 隔夜外盘 纽约股市三大股指11月5日上涨。截至当天收盘，道琼斯工业平均指数比前一交易日上涨225.76点，收 于47311点，涨幅为0.48%；标准普尔500种股票指数上涨24.74点，收于6796.29点，涨幅为 ...

Monetary Policy and Market Operations - The People's Bank of China will conduct a 700 billion yuan reverse repurchase operation on November 5, 2025, to maintain liquidity in the banking system, with a term of 3 months [1][2] - In October 2025, the central bank's liquidity injection included a net investment of 200 billion yuan in government bonds, 4 billion yuan in reverse repos, and 2 billion yuan in medium-term lending facilities [2] Stock Market and New Accounts - In October 2025, A-share new accounts totaled 2.3099 million, a decrease of 21.36% from September and a 66.26% drop year-on-year [2] Commodity Futures and Trading Fees - Starting November 10, 2025, trading fees for aluminum alloy futures and printing paper futures will be adjusted to 0.0005 of the transaction amount, with no fees for intraday closing positions [3] Automotive Industry - In October 2025, wholesale sales of new energy passenger vehicles reached 1.61 million units, a year-on-year increase of 16% and a month-on-month increase of 7% [2] Healthcare and Pharmaceuticals - The negotiation for the 2025 National Basic Medical Insurance Drug List has concluded, with a new drug list set to be released in December 2025 and implemented on January 1, 2026 [5] - The global innovative drug market is projected to grow from $1.1 trillion in 2024 to $1.5 trillion by 2030, with significant market opportunities for Chinese innovative drugs [5] Technology and Electronics - Nintendo has raised its sales forecast for the Switch 2 to 19 million units by March 2026, reflecting strong market demand [6] - The consumer electronics industry is expected to grow, driven by AI technology and stable demand in various regions [6] Investment and Financing - In the fourth quarter of 2025, equity ETFs have attracted over 100 billion yuan in net subscriptions, indicating strong investor interest [10]

Industry Overview - The second China Surveying and Geographic Information Conference will be held from November 5 to 7 in Deqing County, Zhejiang Province, focusing on topics such as the new quality development of the geographic information industry, global applications of Beidou, and technological innovation [1] - The accompanying expo will feature over 20,000 square meters of exhibition space, showcasing cutting-edge technologies and industry solutions related to remote sensing satellites and Beidou applications [1] Market Potential - Huatai Securities believes that the Beidou navigation application industry in China has broad prospects, driven by the increasing demand from smartphones, consumer electronics, and specialized industries [1] - Key performance indicators for upstream core components, terminal equipment manufacturing, software services, and application core manufacturers are expected to be realized [1] - Future catalytic events for the sector include the networking of Beidou backup satellites, increased penetration rates of Beidou models, and breakthroughs in vehicle-mounted high-precision navigation technology [1] Company Insights - SuperMap Software focuses on the research and development of geographic information software and spatial intelligence application services [1] - Beidou Star Communication provides value-added information services such as navigation and positioning through its self-developed Beidou satellite navigation operation service platform [1]