微电网迎政策利好，其作为新型电网平台的有益补充部分，有望保持稳健增长。 今日（1月9日）早盘，A股主要股指集体上涨，沪指盘中站上4100点，最高达到4121.7点，午间休市报4095.33点，上涨0.3%；深证成指上涨0.57%，创业 板指上涨0.1%。早盘半日成交额为20820.96亿元，较上个交易日早盘增加约3000亿元。 分板块来看，稀有金属概念指数大涨超5%，文化传媒、核聚变、大模型等概念涨幅居前。多晶硅期货持续大跌，光伏概念表现较弱，半导体、银行、脑 机接口概念回调。 盘后数据显示，近期参与锋龙股份股价炒作的主要为机构资金。2025年12月25日—2026年1月7日，锋龙股份自然人交易金额为7936.61万元，交易占比 48.24%；其中中小投资者交易金额3315.47万元，交易占比20.15%；机构交易金额8516.2万元，占比达到51.76%，机构净买入金额为386.11万元。 而1月7日—1月8日，3家机构专用席位上榜锋龙股份龙虎榜，均为净卖出。 微电网利好政策发布 今日早盘，锋龙股份(002931)开盘再次"一"字涨停，截至午间休市，共有60.59万手买单封板，封单资金达到30.94亿元。2 ...

热门概念方面，稀有金属以逾5%的涨幅领涨，小红书平台、Kimi、AIGC、网红经济等热门概念走高。 工业气体、硅能源、光伏、半导体设备等热门概念跌超1%。 编辑 杨娟娟 校对 赵琳 新京报贝壳财经讯（记者胡萌）1月9日早盘，上证指数终于站上4100点高位，临近上午收盘涨幅收窄， 报4095.33点。 整体来看，早盘A股涨跌互现，逾60只个股涨停。板块方面，互联网、文化传媒等行业指数领涨，航天 军工、贵金属等延续上涨热情。相比之下，银行、保险、石油化工、家居用品等行业指数跌幅靠前。 ...

中邮证券指出，稀有金属一方面受益于新能源车补贴温和利好信号释放，另一方面因部分磷酸铁锂厂计 划检修，年前供给相对紧缺，叠加行业对六氟磷酸锂需求预期较好，在供给稳步提升、需求整体持稳背 景下，碳酸锂预计将保持去库态势。政策端，今年2月，商务部会同海关总署发布通知，对包括钨在内 的多种稀有金属产品及相关技术实施出口管制；同时，国内对走私和非法开采的打击力度持续加大。在 政策约束下，国内外现货资源均趋紧，进一步推高价格。 2026年1月7日小金属板块涨势延续，截至13:19，中证稀有金属主题指数强势上涨1.64%，成分股中稀有 色10cm涨停，中科磁业上涨8.04%，中国稀土上涨5.99%，金力永磁、北方稀土等个股跟涨。 宏观市场层面，越南将稀土列为国家战略资源并禁止原矿出口，澳洲稀土巨头Lynas因电力问题导致产 能锐减，考虑到海外稀土产业链相关产能释放仍需时间及我国新增产能规模，中国仍主导全球稀土供 给；钴金属在当前出现明显供需缺口，由于出口国出口配额延期，未来国内钴原料供应将长期处于结构 性偏紧状态，价格或存在进一步上涨空间；在新能源汽车和储能需求的底层支撑下，锂相关产业去库存 趋势有望持续，锂价存在支撑，短 ...

| 代码 | 名称 | 现价 | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | | 561800 | 稀有金属ETF基金 | 1.003 | 0.031 3.19% | | 562800 | 稀有金属ETF | 0.942 | 0.029 3.18% | | 159608 | 稀有金属ETF | 1.082 | 0.033 3.15% | | 159671 | 稀有金属ETF基金 | 1.318 | 0.038 2.97% | 有券商表示，战略小金属储量有限、开采难度大且供给弹性不足，同时新能源、半导体、军工等下游需求快速增 长，供需矛盾加剧。在资源稀缺性持续凸显、需求结构升级及政策调控下，未来稀有金属价格有望延续上行趋势， 具备资源储量优势、技术壁垒及合规出口渠道的企业将持续受益。 小金属概念股走强，中矿资源涨超7%，洛阳钼业涨超5%，天齐锂业涨超4%。 受盘面影响，稀有金属相关ETF涨约3%。 （文章来源：每日经济新闻） ...

Group 1 - On December 23, the A-share market experienced slight fluctuations, with all three major indices closing in the green and a total trading volume of approximately 1.90 trillion yuan [1] - The total net inflow of funds into stock ETFs exceeded 38 billion yuan, with significant inflows into broad-based ETFs like the CSI A500 and thematic ETFs related to technology, satellites, and robotics [1][4] - Over the past five trading days, the CSI A500 index-related ETFs have attracted over 50 billion yuan in net inflows [1] Group 2 - As of December 23, the total scale of 1,282 stock ETFs reached 4.70 trillion yuan, with a total trading volume of 1,935.61 billion yuan, slightly down from the previous day's 1,958.19 billion yuan [2] - The top-performing ETFs on that day were all related to the battery sector, with lithium battery ETFs leading the gains, all showing increases of over 2% [2][3] - Conversely, ETFs related to the satellite and general aviation sectors performed poorly, with declines exceeding 3% [2] Group 3 - On December 23, the total net inflow of funds into the stock ETF market was 39 billion yuan, with 31 stock ETFs seeing net inflows exceeding 1 billion yuan [4] - The top sectors for fund inflows included the CSI A500, gold, Hong Kong technology, satellite industry, and robotics, with the CSI A500 alone attracting 133.6 billion yuan [4] - The AAA Sci-Tech bond saw the highest net inflow of 182.15 billion yuan, while the CSI 300 index experienced the largest net outflow of 40.24 billion yuan [4] Group 4 - The top three stock ETFs by net inflow on December 23 were the A500 ETFs from E Fund, Huaxia, and Guotai, with inflows of 31.17 billion yuan, 27.37 billion yuan, and 27.05 billion yuan respectively [5] - A total of 27 stock ETFs experienced net outflows exceeding 1 billion yuan, with the CSI 300 index, SSE 50 index, and ChiNext index among those with the highest outflows [6] Group 5 - E Fund's ETF products have seen significant inflows, with the latest scale reaching 840.48 billion yuan, an increase of 239.83 billion yuan since 2025 [7] - Huaxia Fund's A500 ETF and gaming ETF also saw substantial inflows, with net inflows of 27.37 billion yuan and 2 billion yuan respectively [7] - GF Fund's ETFs also attracted net inflows, particularly the Hong Kong technology ETF, which saw a net buy of 6.42 billion yuan [8]

Market Performance - The Shanghai Composite Index rose by 1.19%, the Shenzhen Component Index increased by 2.4%, and the ChiNext Index surged by 3.39% [1] - The total market turnover reached 1.814 trillion yuan, an increase of 65.9 billion yuan compared to the previous day [1] Sector Highlights - Energy metals showed strong performance, with lithium mining leading the gains [1] - Computing hardware stocks saw a resurgence in the afternoon, particularly in the CPO and server sectors [1] - Brokerage, insurance, and aviation sectors had notable gains [1] - Commercial aerospace and Hainan Free Trade Zone themes experienced significant pullbacks [1] ETF Performance - The AI hardware sector rebounded strongly, with the Cathay Communications ETF, E Fund Growth ETF, and Southern ChiNext AI ETF all rising over 5% [1] - The rare metals sector also saw gains, with GF Fund Rare Metals ETF and Harvest Fund Rare Metals ETF increasing by 4.38% and 4.3%, respectively [1] - Two Brazilian ETFs fell by over 3% [1] - The satellite sector declined, with both the Aerospace ETF and General Aviation ETF dropping by more than 1% [1] - Crude oil futures decreased, leading to a 1.27% drop in the S&P Oil & Gas ETF [1]

Summary of Key Points Core Viewpoint - The ETF market showed mixed performance on December 17, with significant gains in certain sectors while others experienced declines [1][2]. Performance of Specific ETFs - The Changjiang Protection Theme ETF (517160) increased by 9.94% [1][2]. - The Rare Metals ETF (159608) rose by 3.33% [1][2]. - The Rare Metals ETF Fund (159671) saw a gain of 3.24% [1][2]. - The Brazil ETF (159100) decreased by 3.83% [1][2]. - The Brazil ETF (520870) fell by 3.28% [1][2]. - The General Aviation ETF Fund (159230) declined by 2.28% [1][2].

Core Viewpoint - The rare metals sector in the A-share market has shown strong performance, with significant increases in stock prices and ETF inflows, driven by rising demand expectations and supply constraints in key materials like lithium and cobalt [1][2]. Group 1: Market Performance - The three major A-share indices opened lower but rebounded, with rare metal concept stocks experiencing substantial gains, including Shengxin Lithium Energy and Tianhua New Energy rising over 8% [1]. - The rare metals ETF (562800) has seen a substantial increase in shares, with a rise of 2.736 billion shares and a net inflow of over 2.1 billion yuan in the past six months, bringing its total scale to over 3.7 billion yuan [1]. Group 2: Supply and Demand Dynamics - The price of lithium carbonate futures has surged, previously exceeding 100,000 yuan per ton, as the supply-demand balance is expected to improve significantly next year [1]. - Following the Democratic Republic of Congo's export ban, cobalt prices have risen sharply, with supply constraints anticipated to maintain a tight market and bullish price expectations for the coming year [1]. Group 3: Industry Outlook - Analysts highlight that strategic metals have limited reserves, high extraction difficulty, and insufficient supply elasticity, while demand from sectors like new energy, semiconductors, and military applications is rapidly increasing [1]. - The ongoing scarcity of resources, coupled with an upgrade in demand structure and policy adjustments, suggests that rare metal prices are likely to continue their upward trend, benefiting companies with resource advantages, technical barriers, and compliant export channels [1].

英伟达(NVDA.US)此前给出的乐观指引本应吸引一些逢低买入的投资者。然而，科技股的暴跌以及就 业数据的不乐观状况却让投资者遭受重创，他们面临着是选择认亏出场还是重新投入市场的两难抉择。 高盛交易部门的策略师们指出，包括交易所交易基金、期货等在内的各类宏观产品的做空交易量增加， 是导致周四股市暴跌的原因之一。该交易部门还指出流动性不佳，标普500指数期货ToB深度指标(该指 标越高说明市场深度充足，市场不易受到大额交易而动荡，市场越倾向上涨)已降至500万美元以下，而 一年的平均水平为1150万美元，这一因素可能加剧了股市的波动。 其次，高盛预测，本周五将迎来史上规模最大的11月期权到期日，预计将有3.1万亿美元名义价值的期 权到期，其中包括1.7万亿美元的SPX指数期权和7250亿美元的个股期权。巨额期权到期往往会带来市 场波动。 本周早些时候，高盛交易部门表示，在风险最高的资产经历了长达四周的下跌后，当前市场环境已为股 票上涨创造了有利条件。该行的交易部门在周四上午给客户的一份报告中指出，量子计算、加密货币和 稀有金属等领域呈现出"复苏迹象"。 这种逆转让投资者措手不及，此前他们整个星期都在买入那些有望 ...

Core Viewpoint - On November 19, the stock ETF market in China saw a net inflow of over 4 billion yuan, marking the fourth consecutive trading day of net inflows despite a mixed performance in the A-share market [2][8]. Market Performance - The overall A-share market showed a mixed trend with the three major indices slightly rising or closing flat, while over 4,000 individual stocks declined. The trading volume in the Shanghai and Shenzhen markets decreased to 1.73 trillion yuan [2]. - The total scale of all stock ETFs reached 4.58 trillion yuan as of November 19, with a trading volume of 178.49 billion yuan, down from 192.6 billion yuan the previous trading day [4]. ETF Inflows and Outflows - The stock ETF market experienced a total net inflow of approximately 41.41 billion yuan on November 19, with a total increase of 4.563 billion shares [8]. - The top five sectors for net inflows included Hang Seng Technology (15.2 billion yuan), gold (11.7 billion yuan), CSI 500 (11.4 billion yuan), semiconductors (8.1 billion yuan), and CSI 1000 (7.9 billion yuan) [9]. - Conversely, the CSI 300 ETF saw the largest net outflow of 18.18 billion yuan, followed by the SSE 50 ETF with over 12 billion yuan in outflows [12]. ETF Performance Highlights - Gold-related ETFs led the market with significant gains, including a 4.79% increase for the Yongying Gold ETF and 4.55% for the Guotai Gold Stock ETF [4][6]. - The mining and non-ferrous metal sectors also performed well, with several ETFs in these categories rising over 2.8% [4]. - In contrast, the media and entertainment sectors underperformed, with ETFs in these categories declining over 2% [5]. Fund Management Insights - Leading fund companies, such as E Fund and Huaxia Fund, reported substantial net inflows in their ETF products, with E Fund's total ETF scale reaching 813.76 billion yuan, an increase of 213.11 billion yuan since 2025 [16]. - The rare metals sector is expected to continue its upward trend due to supply constraints and increasing demand from new industries, such as electric vehicles and robotics [17]. Future Market Outlook - The overall valuation of the rare metals industry is anticipated to rise due to supply constraints and expanding demand, with a strong focus on resource and technology sectors in the mid-term [17].