一、跳出表象看核心 很多人在看市场的时候，都会被表面的走势牵着走，比如有些个股涨起来看似毫无征兆，涨势迅猛的时候又不敢轻易介入，担心追高，结果哪怕回头 看有不少可以关注的时机，也只能错过。之前有个同事就经常遇到这种情况，盯着走势反复纠结，最后总是没抓住机会。 看图1： 最近留意到科创板的两融规模有明显提升，不少个股获得大额融资资金的青睐，很多人会好奇，这些被资金盯上的个股，背后有没有什么共通点？其 实与其纠结表面的涨跌，不如换个角度用数据去看背后的交易行为，这才是更贴近市场本质的方式。 但其实所有的走势变化，根源都是交易行为的改变，不管是涨还是调整，都是因为资金的交易行为发生了变化，所以与其去猜走势会怎样，不如直接 去看资金的交易行为到底是什么样的。二、量化数据的独特视角 传统的分析方式往往聚焦在走势或者基本面，容易忽略最核心的交易行为，而量化大数据能帮我们直接拆解这些行为，看到市场背后的真实状态。我 自己用了十多年的量化大数据系统，就能提供这样的交易资金数据。 看图3： 这类走势很容易让人陷入困惑，不知道什么时候该关注，什么时候该保持观望，毕竟从表面上看，没有任何提前的信号可以参考，只能被动跟着行情 走。 ...

Core Insights - The total margin balance of the STAR Market on November 17 was 258.003 billion yuan, a decrease of 0.0257 billion yuan from the previous trading day [1] - The financing balance was 257.091 billion yuan, down by 0.0276 billion yuan, while the securities lending balance increased by 0.019 billion yuan to 0.0912 billion yuan [1] Individual Stock Performance - On November 17, 295 stocks on the STAR Market experienced net financing inflows, with 14 stocks having net inflows exceeding 30 million yuan [1] - Haiguang Information topped the list with a net financing inflow of 0.226 billion yuan, followed by Dongxin Technology, Huafeng Technology, Nine Company, Kingsoft Office, and Guodun Quantum [1]

Core Viewpoint - The total margin balance of the Sci-Tech Innovation Board on November 11 is 259.136 billion yuan, showing a decrease of 0.927 billion yuan from the previous trading day [1] Group 1: Margin Balance - The financing balance is 258.217 billion yuan, down by 0.911 billion yuan from the previous trading day [1] - The margin trading balance is 9.19 billion yuan, which is a decrease of 0.16 billion yuan compared to the previous trading day [1] Group 2: Individual Stock Performance - On November 11, 288 stocks on the Sci-Tech Innovation Board experienced net financing purchases, with 22 stocks having net purchases exceeding 30 million yuan [1] - Baiwei Storage topped the list with a net financing purchase amount of 0.251 billion yuan [1] - Other notable stocks with significant net financing purchases include Huasheng Lithium, Purun Shares, Jinpan Technology, Kingsoft Office, Rongbai Technology, and Western Superconducting [1]

Core Insights - The total margin financing balance on the STAR Market increased by 1.26 billion yuan compared to the previous trading day, while the margin short selling balance decreased by 5.71 million yuan [1] - As of June 26, the total margin balance on the STAR Market reached 157.09 billion yuan, marking a continuous increase for four consecutive trading days [1] - The highest margin financing balance was recorded for SMIC at 7.17 billion yuan, followed by Cambrian and Haiguang Information with balances of 4.52 billion yuan and 3.50 billion yuan respectively [1] Margin Financing Summary - 359 stocks on the STAR Market saw an increase in margin financing balance, while 225 stocks experienced a decrease [1] - Notable increases in margin financing balance were observed for Haooubo (29.57%), Huachuang Technology (28.45%), and Beiqing Song (24.44%) [1][2] - The largest decreases were seen in Delong Laser (-12.32%), Changying Tong (-10.57%), and Sitwei (-10.27%) [1][2] Margin Short Selling Summary - The highest margin short selling balance was for Haiguang Information at 1.8 million yuan, followed closely by SMIC and Cambrian at 1.6 million yuan and 1.6 million yuan respectively [2] - 93 stocks on the STAR Market reported an increase in margin short selling balance, while 176 stocks saw a decrease [2] - Significant increases in margin short selling balance were noted for Maixinlin (96.41%), Tianzhun Technology (69.57%), and Anheng Information (62.26%) [2][3] - The largest decreases were recorded for Huaxing Yuanchuang (-51.21%), Huazhu Gaoke (-50.61%), and Chipengwei (-46.64%) [2][3]

融券余额来看，融券余额最高的科创板股是中芯国际，最新融券余额0.19亿元，其次是海光信息、寒武 纪，融券余额分别为0.15亿元、0.12亿元。环比变动来看，185只科创板个股融券余额环比增加，环比下 降的有82只。融券余额增幅较大的是京仪装备、阿拉丁、东方生物，环比上个交易日增加777.96%、 237.75%、80.08%；降幅居前的有方邦股份、安恒信息、美迪西，环比下降77.16%、50.09%、45.19%。 （数据宝） 证券时报·数据宝统计显示，截至6月23日，科创板两融余额合计1546.94亿元，较上一交易日增加1.65亿 元。其中，融资余额合计1541.85亿元，较上一交易日增加1.45亿元；融券余额合计5.10亿元，较上一交 易日增加2000.07万元。 科创板融资余额增幅排名 融资余额方面，截至6月23日，融资余额最高的科创板股是中芯国际，最新融资余额70.79亿元，其次是 寒武纪、海光信息，融资余额分别为42.25亿元、36.45亿元。环比变动来看，300只科创板个股融资余额 环比增加，环比下降的有284只。融资余额增幅较大的是誉辰智能、康为世纪、广钢气体，环比上个交 易日增加36.17%、 ...

| 689009 | 九号 | 76525.31 | 9.68 | 1142.40 | 7.29 | -0.99 | | --- | --- | --- | --- | --- | --- | --- | | | 公司 | | | | | | | 688480 | 赛恩 | 8748.96 | 9.63 | 0.00 | | 4.59 | | | 斯 | | | | | | | 688292 | 浩瀚 深度 | 9254.92 | 9.51 | 0.00 | | 4.69 | | 68801 1 | 新光 光电 | 3240.15 | 9.44 | 0.00 | | 9.50 | | 688072 | 拓荆 科技 | 60710.47 | 8.78 | 728.07 | -9.76 | -4.53 | | 688633 | 星球 | 9055.70 | 8.40 | 0.00 | | 0.64 | | | 石墨 | | | | | | | 688386 | 泛亚 微透 | 21932.68 | 8.09 | 0.00 | | -1.83 | | 688648 | 中邮 科技 | 12477.81 | 7.95 ...