市 场 研 究 [Table_Title] 万联晨会 [Table_MeetContact] 主持人: 李中港 Email: lizg@wlzq.com.cn [Table_MeetReportDate] 2026 年 02 月 05 日 星期四 [Table_Summary] 概览 核心观点 【市场回顾】 周三，A 股先抑后扬，上证指数收涨 0.85%报 4102.2 点，深证成指涨 0.21%，创业板指跌 0.4%。两市 A 股成交额 2.50 万亿元人民币，超 3200 股上涨。申万行业方面，煤炭、建筑材料行业领涨，传媒、通信 行业领跌；概念板块方面，可燃冰、煤炭概念领涨，快手、小红书、 Sora 概念领跌。港股方面，恒生指数收涨 0.05%，恒生科技指数跌 1.84%。海外方面，美国股市三大股指涨跌不一，道指涨 0.53%，标普 500 指数跌 0.51%，纳指跌 1.51%。欧洲股市及亚太股市涨跌不一。 【重要新闻】 【中国人民银行召开 2026 年信贷市场工作会议】要求不断加强对重 大战略、重点领域和薄弱环节的优质金融服务，强化消费领域金融支 持。着力支持扩大内需、科技创新、中小微企业等重点领域。 ...

Core Viewpoint - The A-share market opened lower on January 15, with declines in major indices, indicating a bearish sentiment among investors [1] Market Performance - The Shanghai Composite Index fell by 0.48% - The Shenzhen Component Index decreased by 0.63% - The ChiNext Index dropped by 0.93% - The Northern Stock 50 Index declined by 1.25% [1] Sector Performance - Strong performance was observed in sectors such as fiberglass, VPN, non-ferrous metals (nickel), cybersecurity, and dye coatings - Weak performance was noted in sectors related to China Electronics Technology Group, Kuaishou, aerospace, short dramas, and satellite internet concepts [1]