9月5日，A股市场整体上涨。 截至收盘，上证指数收报3812.51点，上涨1.24%，深证成指收报12590.56点，上涨3.89%，创业板指收 报2958.18点，上涨6.55%，北证50指数上涨5.15%。A股市场合计成交23487.17亿元，较上一交易日减 少2335亿元。 1.A股市场全天主力资金净流入261.53亿元 今日A股市场主力资金开盘净流入13.64亿元，尾盘净流入100.27亿元，全天净流入261.53亿元。 | | | 沪深两市近五日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | | 尾盘净流入 超大单净买入 | | 2025-9-5 | 261. 53 | 13. 64 | 100. 27 | 290. 08 | | 2025-9-4 | -676. 80 | -88. 43 | -62.52 | -393. 14 | | 2025-9-3 | -479.12 | -51.09 | -97. 71 | -202. 78 | | 2025-9-2 | -1196. 85 | -404. 5 ...

| 房地产 | 42.76 | -2.15 | 1.97 | 0.91 | 0.04 | | --- | --- | --- | --- | --- | --- | | 纺织服 | 25.45 | 4.98 | 3.63 | 1.12 | -0.02 | | 饰 | | | | | | | 石油石 | 13.75 | -30.74 | 0.37 | 0.39 | -0.43 | | 化 | | | | | | | 美容护 理 | 2.70 | -21.78 | 2.73 | 1.35 | -0.84 | | 环保 | 22.47 | -14.50 | 2.56 | 1.42 | -1.60 | | 农林牧 | 19.61 | -20.35 | 2.06 | 0.99 | -2.20 | | 渔 | | | | | | | 钢铁 | 26.37 | -13.72 | 1.34 | 1.02 | -2.25 | | 社会服 | 23.68 | -2.23 | 5.24 | 1.57 | -2.96 | | 务 | | | | | | | 食品饮 | 16.66 | -18.48 | 1.81 | 0.56 | - ...

9月5日，沪指上涨1.24%，深成指上涨3.89%，创业板指上涨6.55%，沪深300指数上涨2.18%。可交易A 股中，上涨的有4856只，占比89.66%，下跌的473只。 | 行业 | 日涨跌幅（%） | 资金流向（亿元） | 行业 | 日涨跌幅（%） | 资金流向（亿元） | | --- | --- | --- | --- | --- | --- | | 电力设备 | 7.19 | 210.17 | 建筑装饰 | 1.17 | 1.85 | | 电子 | 4.35 | 107.78 | 交通运输 | 0.57 | 0.71 | | 有色金属 | 4.39 | 56.34 | 综合 | 3.95 | 0.13 | | 机械设备 | 3.07 | 32.36 | 房地产 | 0.91 | 0.04 | | 基础化工 | 2.79 | 29.26 | 纺织服饰 | 1.12 | -0.02 | | 通信 | 5.49 | 12.49 | 石油石化 | 0.39 | -0.43 | | 公用事业 | 1.08 | 8.08 | 美容护理 | 1.35 | -0.84 | | 传媒 | 2.51 | 7.85 ...

沪指9月5日上涨1.24%，申万所属行业中，今日上涨的有30个，涨幅居前的行业为电力设备、通信，涨 幅分别为7.19%、5.49%。有色金属行业位居今日涨幅榜第三。跌幅居前的行业为银行，跌幅分别为 0.99%。 资金面上看，两市主力资金全天净流入445.30亿元，今日有20个行业主力资金净流入，电力设备行业主 力资金净流入规模居首，该行业今日上涨7.19%，全天净流入资金210.17亿元，其次是电子行业，日涨 幅为4.35%，净流入资金为107.78亿元。 主力资金净流出的行业有11个，商贸零售行业主力资金净流出规模居首，全天净流出资金15.95亿元， 其次是银行行业，净流出资金为15.53亿元，净流出资金较多的还有非银金融、食品饮料、社会服务等 行业。 有色金属行业今日上涨4.39%，全天主力资金净流入56.34亿元，该行业所属的个股共137只，今日上涨 的有137只，涨停的有4只；。以资金流向数据进行统计，该行业资金净流入的个股有96只，其中，净流 入资金超亿元的有10只，净流入资金居首的是华友钴业，今日净流入资金12.06亿元，紧随其后的是赣 锋锂业、天齐锂业，净流入资金分别为11.00亿元、7.91亿 ...

沪指9月5日上涨1.24%，申万所属行业中，今日上涨的有30个，涨幅居前的行业为电力设备、通信，涨 幅分别为7.19%、5.49%。商贸零售行业今日上涨1.10%。跌幅居前的行业为银行，跌幅分别为0.99%。 | 002697 | 红旗连锁 | -1.01 | 6.00 | -1958.69 | | --- | --- | --- | --- | --- | | 002315 | 焦点科技 | 1.72 | 2.94 | -1723.99 | | 600778 | 友好集团 | 1.67 | 24.68 | -1723.08 | | 600280 | 中央商场 | -1.34 | 6.65 | -1655.83 | | 600712 | 南宁百货 | 0.65 | 5.62 | -1360.45 | | 600729 | 重庆百货 | -1.60 | 2.97 | -1238.62 | | 600287 | 江苏舜天 | 0.34 | 2.28 | -1213.43 | | 002356 | 赫美集团 | 0.81 | 4.13 | -1164.27 | | 600605 | 汇通能源 | -0.67 | 1 ...

【主力资金监控：电新行业净流入超152亿】智通财经9月5日电，智通财经星矿数据显示，今日主力资 金净流入电新行业、电子、有色金属等板块，净流出证券、非银金融、商贸零售等板块，其中电新行业 净流入超152亿元。个股方面，先导智能涨停，主力资金净买入18.62亿元位居首位，赣锋锂业、华友钴 业、欣旺达主力资金净流入居前；太平洋遭净卖出超9亿元位居首位，赛力斯、供销大集、北方稀土主 力资金净流出额居前。 转自：智通财经 ...

证券时报·数据宝统计，截至上午10:28，今日沪指涨0.13%，A股成交量606.29亿股，成交金额9676.96亿 元，比上一个交易日减少19.17%。个股方面，3792只个股上涨，其中涨停36只，1446只个股下跌，其 中跌停9只。从申万行业来看，电力设备、有色金属、机械设备等涨幅最大，涨幅分别为4.30%、 2.17%、1.76%；银行、石油石化、商贸零售等跌幅最大，跌幅分别为1.12%、0.86%、0.64%。 今日各行业表现（截至上午10:28） | 非银金融 | | | | 国盛金控 | | | --- | --- | --- | --- | --- | --- | | 商贸零售 | -0.64 | 198.35 | -1.02 | 国光连锁 | -9.98 | | 石油石化 | -0.86 | 35.64 | -37.06 | 中国石化 | -1.73 | | 银行 | -1.12 | 132.11 | -27.60 | 邮储银行 | -1.88 | （文章来源：证券时报网） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | -- ...

9月4日A股市场波动较大，上证指数盘中跌幅超2%，收盘跌1.25%。对此该行简评如下： A股4日表现偏弱，上证指数下跌超1%，科技成长风格领跌。上证指数自6月底至8月底涨约15%，较快 上行后近期显现波动，4日A股市场主要指数普跌，上证指数及沪深300分别下跌1.25%/2.12%；偏成长 风格的创业板指及科创50分别下跌4.25%/6.08%表现不佳。全市场来看，近3000家上市公司下跌；成交 层面，4日成交额2.58万亿元，较昨日基本持平。行业层面，商贸零售、美容护理、银行等行业表现较 好；通信、电子、有色金属等表现偏弱。 智通财经APP获悉，中金公司发布研报称，9月4日上证指数下跌超1%，此次指数调整不改中期趋势， 下行风险有限，去年924以来的上涨趋势仍有望延续。该行认为，当前A股市场整体估值处于合理水 平，年初至今A股全球表现也仅在中游位置。A股今年盈利有望实现正增长且下半年增速或好于上半 年；此外政策红利正凸显，监管强调"持续巩固资本市场回稳向好势头"。配置上，关注成长风格的扩散 与轮动，红利风格注重阶段性、结构性机会。 中金公司主要观点如下： 成交较快提升后的短线调整。换手率5%是值得重视的交易 ...

Core Viewpoint - The A-share market experienced significant volatility on September 4, with the Shanghai Composite Index falling by 1.25%, indicating a potential short-term adjustment after a rapid increase in trading volume and market performance [2][3][4]. Market Performance - On September 4, the A-share market showed weak performance, with major indices declining; the Shanghai Composite Index and CSI 300 fell by 1.25% and 2.12% respectively, while the ChiNext Index and STAR 50 dropped by 4.25% and 6.08% [2]. - The trading volume on September 4 was 2.58 trillion yuan, remaining stable compared to the previous day, with nearly 3,000 listed companies experiencing declines [2]. Trading Signals - A turnover rate exceeding 5% is highlighted as a significant trading signal, indicating increased investor risk appetite and potential short-term volatility [3]. - Historical data suggests that when the turnover rate rises above 5%, the market often experiences subsequent adjustments, as seen in previous years [3]. Mid-term Trends - Despite short-term adjustments, the mid-term upward trend since September 2022 is expected to continue, with the market's overall valuation remaining reasonable and not overvalued [4]. - The current PE ratio of the CSI 300 is below 14 times, placing it in the 63rd percentile of the past 20 years, indicating a relatively low valuation compared to major global markets [4]. Earnings Growth - A-share earnings are projected to achieve positive growth this year, with a forecasted increase of 3.5% for 2025, driven by a favorable base effect and cost factors in the second half of the year [5]. - The recent policy emphasis on stabilizing the capital market is expected to bolster investor confidence, with ongoing attention to U.S. interest rate changes and domestic policy developments [5]. Investment Strategy - The focus is on the expansion and rotation of growth styles, particularly in sectors like semiconductors and new energy, while dividend-paying stocks are expected to show structural opportunities [6]. - The market is anticipated to continue exhibiting characteristics of style rotation, with strong sectors alternating, which may persist throughout the year [6].

Market Overview - The A-share market is experiencing a downward trend, with the ChiNext index leading the decline [1] - Major indices closed in the red, with the ChiNext index down by 4.25% and the Sci-Tech 50 index down over 6% [2][4] Sector Performance - The top-performing sectors include retail trade (up 1.63%), beauty care (up 1.19%), and banking (up 0.79%) [3] - Conversely, sectors such as telecommunications (down 8.48%), electronics (down 5.08%), and non-ferrous metals (down 3.65%) are underperforming [3][4] Market Trends - The market is characterized by a high number of declining stocks, with nearly 3,000 stocks falling [6] - The report indicates that the current liquidity remains a fundamental support for the market, despite short-term overbought pressures [6] Future Outlook - The report suggests three key areas to watch: 1. The second phase of the bull market with rapid sector rotation, focusing on sectors with low valuations and improving conditions [6] 2. Policy signals in response to economic pressures, particularly regarding PPI trends [6] 3. Potential interest rate cuts by the Federal Reserve, which could enhance liquidity and benefit sectors like non-ferrous metals [6] Policy Developments - The Ministry of Industry and Information Technology has issued a growth action plan for the electronic information manufacturing industry, targeting an average growth rate of around 7% for major sectors [5] - The plan emphasizes innovation in AI applications and the development of key components for 5G/6G technologies [5]