2025 年 11 月 28 日 投资要点 证券研究报告 | 策略点评 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20251128 今日关注 指数涨跌情况：今日 A 股主要指数涨跌互现。截止收盘，沪指上涨 0.34%，收 报 3888.6 点；深证成指涨 0.85%，收报 12984.08 点；创业板指涨 0.70%，收 报 3052.59 点；科创 50 指数涨 1.25%，收报 1327.15 点。总体上，全天个股 涨多跌少，Wind 数据显示，全市场 4122 只个股上涨，仅 1187 只个股下跌， 139 只个股收平。沪深两市今日成交额合计 15858 亿元，较上个交易日缩量 1240 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，农林牧渔、钢铁、商贸零售、 有色金属、国防军工、机械设备等行业涨幅靠前，涨幅分别为 1.59%、1.59%、 1.46%、1.44%、1.41%、1.41%，仅银行、煤炭行业下跌，跌幅分别为 0.83%、 0.14%。 概念板块涨跌情况：今日涨幅居前概念板块为两岸融合、海南自贸港 ...

Market Overview - The A-share market experienced a decline today, with the Shanghai Composite Index falling by 0.81% to close at 3939.81 points, and the Shenzhen Component Index dropping by 0.92% to 13080.49 points. The ChiNext Index decreased by 1.16% to 3069.22 points. Overall, there were 1274 stocks that rose while 4103 stocks fell, with a total trading volume of 19261 billion yuan, an increase of 153 billion yuan compared to the previous trading day [1][10]. Industry Performance - Among the Shenwan first-level industries, the media, computer, and electronics sectors showed positive performance with increases of 1.60%, 0.93%, and 0.12% respectively. Conversely, the coal, electric equipment, steel, non-ferrous metals, and basic chemicals sectors faced declines, with decreases of 3.17%, 2.97%, 2.85%, 2.80%, and 2.67% respectively [1][10]. Concept Sector Performance - The concept sectors that performed well today included Pinduoduo partners, Xiaohongshu platform, WEB3.0, Kimi, Douyin Doubao, multimodal models, internet celebrity economy, operating systems, virtual humans, intelligent entities, ChatGPT, AIGC, medical payment reform, live streaming sales, and Chinese corpus. In contrast, the lithium battery positive electrode, lithium battery negative electrode, and lithium iron phosphate battery sectors experienced a pullback [2][12].