证券研究报告 | 策略点评 2026 年 01 月 05 日 投资要点 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-20260105 今日关注 指数涨跌情况：今日 A 股主要指数普遍上涨。截止收盘，沪指上涨 1.38%，收 报 4023.42 点；深证成指涨 2.24%，收报 13828.63 点；创业板指涨 2.85%， 收报 3294.55；科创 50 指数涨 4.41%，收报 1403.41 点。总体上，全天个股 涨多跌少，Wind 数据显示，全市场 4180 只个股上涨，仅 1162 只个股下跌， 117 只个股收平。沪深两市今日成交额合计 25463 亿元，较上个交易日放量 5011 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，传媒、医药生物、电子、非银 金融、计算机行业领涨，涨幅分别为 4.12%、3.85%、3.69%、3.14%、2.71%， 石油石化、银行、交通运输、商贸零售行业领跌，跌幅分别为 1.29%、0.34%、 0.30%、0.17%。 概念板块涨跌情况：今日涨幅居前的概念板块为脑机接口 ...

Market Overview - The A-share market saw a majority of major indices decline today, with the Shanghai Composite Index down by 0.19% closing at 3889.50 points, the Shenzhen Component down by 0.93% at 13231.47 points, and the ChiNext Index down by 1.11% at 3078.76 points. The STAR 50 Index, however, increased by 1.40% to 1473.02 points. Overall, there were 1682 stocks that rose while 3628 stocks fell, with a total trading volume of 23547 billion yuan, a decrease of 1609 billion yuan from the previous trading day [1][2]. Industry Performance - Among the 31 first-level industries, only a few sectors such as non-ferrous metals, environmental protection, steel, national defense and military industry, banking, and computing saw gains, with respective increases of 3.35%, 1.65%, 1.49%, 0.86%, 0.74%, and 0.22%. Conversely, the automotive, home appliances, beauty care, media, and pharmaceutical industries experienced the largest declines, with decreases of 2.33%, 1.74%, 1.58%, 1.54%, and 1.47% respectively [1][2]. Concept Sectors - The leading concept sectors in terms of gains today included rare earths, rare earth permanent magnets, photoresists, semiconductor silicon wafers, rare metals, SMIC, lithium battery electrolytes, wafer industry, small metals, operating systems, semiconductor materials, gold and jewelry, continuous boards, pre-increase, and cobalt mines [2][11].

Market Overview - The A-share market showed mixed performance today, with the Shanghai Composite Index slightly up by 0.01% closing at 3582.30 points, while the Shenzhen Component Index fell by 0.37% to 11059.04 points. The ChiNext Index experienced a minor decline of 0.01% to 2310.67 points, and the Sci-Tech 50 Index rose by 0.45% to 1020.86 points. Overall, 4025 stocks declined, 1269 stocks rose, and 120 stocks remained unchanged across the market [1][2]. Industry Performance - Among the Shenwan first-level industries, only five sectors including non-bank financials, beauty care, home appliances, banking, and environmental protection saw gains, while the rest experienced declines. The sectors that led the decline included construction materials, national defense and military industry, machinery equipment, electric power equipment, social services, and construction decoration [1]. Sector Highlights - The top-performing concept sectors today included water conservancy and hydropower construction, selected aviation transportation, Contract Research Organizations (CRO), selected insurance, semiconductor equipment, stock trading software, selected medical services, Microsoft partners, rare earths, optical chips, medical beauty, cloud computing, central enterprise banks, stem cells, and optical modules (CPO) [2].

Market Overview - The A-share market saw a mixed performance today, with the Shanghai Composite Index slightly up by 0.04% closing at 3385.36 points, while the Shenzhen Component Index and the ChiNext Index fell by 0.19% and 0.45% respectively [1][9] - The total trading volume in the Shanghai and Shenzhen markets was 11,520 billion yuan, a decrease of 1,384 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, the leading sectors included non-ferrous metals, communication, oil and petrochemicals, construction decoration, and basic chemicals, with respective gains of 1.16%, 1.00%, 0.88%, 0.79%, and 0.74% [1] - Conversely, the sectors that experienced declines included beauty and personal care, textiles and apparel, food and beverage, media, and non-bank financials, with losses of 1.70%, 1.18%, 0.92%, 0.85%, and 0.84% respectively [1] Concept Sectors - The top-performing concept sectors today were continuous boards, Hainan Free Trade Port, Tibet revitalization, industrial metals, and vitamins, among others [2] - Sectors that faced declines included financial technology, contract research organizations (CRO), and dairy [2]