Core Viewpoint - The A-share market continues its strong performance at the beginning of the year, with significant trading volumes and a notable increase in various sectors, particularly in commercial aerospace and technology-related ETFs [3][6][10]. Market Performance - As of January 12, the Shanghai Composite Index surpassed 4165 points, with a total trading volume exceeding 3.64 trillion yuan, marking a historical high. The Shanghai index rose by 1.09%, while the Shenzhen Component and ChiNext indices increased by 1.75% and 1.82%, respectively [3]. - Over 4100 stocks in the market saw gains, with 202 stocks hitting the daily limit up [3]. Sector Analysis - The cultural media, military electronics, and IT services sectors all experienced gains exceeding 7%, while real estate, insurance, agricultural chemicals, and oil processing sectors faced declines [3]. - The commercial aerospace sector remains hot, with related ETFs experiencing significant surges. Multiple satellite industry ETFs saw daily gains of over 9% [3][6]. ETF Market Dynamics - A total of 1875 ETFs were analyzed, with 1487 showing increases, indicating a positive market sentiment. Notably, 50 ETFs had daily gains exceeding 9% [6]. - The Morgan Stanley CSI AI ETF led the gains with a 16.59% increase, while other technology-related ETFs also performed strongly [6][7]. Fund Flows - There is a clear divergence in fund flows, with fixed-income ETFs experiencing significant redemptions, particularly in the sci-tech bond category, which accounted for over 60% of the outflows [8]. - Conversely, equity ETFs saw substantial inflows, with satellite communication-related ETFs attracting over 80 billion yuan [9]. Investment Outlook - Analysts suggest that the commercial aerospace sector, despite high valuations, has significant long-term growth potential. The industry is expected to see accelerated development, with dynamic P/E ratios projected to decrease significantly by 2026 and 2027 [12]. - Investment strategies should focus on cyclical sectors, technology innovation, and areas benefiting from domestic demand and consumption recovery, such as entertainment and social services [11].

01 1月12日，多只AI、卫星、传媒等板块相关ETF涨幅较大，其中，科创创业人工智能ETF摩根当天涨幅最 大。纳指生物科技ETF、N港股通红利ETF易方达等跨境ETF领跌。6只ETF成交额破百亿元，多只宽基 ETF成交额较大。 02 1月12日，易方达基金公告称，黄金ETF易方达（159934）自1月16日暂停申购，1月19日恢复。 03 前一个交易日（1月9日），多只宽基ETF净流入额居前，行业ETF中，两只卫星ETF和半导体设备ETF吸 引较多资金流入。 AI相关ETF涨幅居前 | 代码 | 简称 | 涨幅 (%) | 个月涨幅 | | --- | --- | --- | --- | | 513290 | 纳指生物科技ETF | -1.16 | -3.29 | | 520810 | N港股通红利ETF易方达 | -1.10 | | | 159143 | 港股通央企红利ETF平安 | -0.99 | | | 159567 | 港股创新药ETF | -0.95 | 1.96 | | 159870 | 化工ETF | -0.94 | 14.63 | | 159945 | 能源ETF广发 | -0.90 | 4 ...

Group 1 - The A-share market experienced a significant increase today, with a total transaction volume of 3.64 trillion yuan, setting a new historical high. The Shanghai Composite Index rose by 1.09% to close at 4165.29 points, while the Shenzhen Component Index increased by 1.75% to 14366.91 points. Over 4100 stocks rose, particularly in the media and computer sectors, with more than 200 stocks hitting the daily limit. The Shanghai Index has recorded 17 consecutive days of gains, indicating a new phase of volume-price resonance in the market, with expectations for further expansion in the future [1]. Group 2 - The gaming sector continues to reflect the "turnaround" logic since 2025, with the gaming ETF (516010) rising by 7.52%. The supply-side environment has significantly improved, with a normalization in the issuance of game licenses and a steady increase in their numbers. The profitability of gaming companies is accelerating due to ongoing cost reduction and efficiency improvement strategies, as well as contributions from high-margin new products. Given the improving macro liquidity expectations and the ongoing positive fundamentals in the industry, the gaming sector still holds high allocation value. However, due to historical volatility, investors are advised to avoid blind chasing and consider phased layouts or regular investments to share in the long-term benefits of the gaming industry's recovery and technological transformation [1]. Group 3 - Recently, the global "gold fever" has surged again, with international spot gold prices breaking through the 4600 USD/ounce mark, setting a new historical high. The current rise in gold prices is primarily driven by "liquidity easing" and "safe-haven demand." Unlike direct purchases of physical gold, investing in gold stocks often has a "Davis double effect" that amplifies returns. When gold prices rise, gold mining companies benefit not only from inventory appreciation but also from non-linear profit margin expansion, making gold stocks typically more elastic than gold prices themselves during a bull market. The gold stock ETF (517400), with its coverage of leading companies across the Shanghai, Shenzhen, and Hong Kong markets, is a strong tool for sharing in the benefits of rising gold prices. Investors may consider phased layouts or regular investments to participate [2]. Group 4 - The software sector is currently driven by a combination of "policy catalysis + accelerated industry trends + spring market enthusiasm." Looking ahead, while the short-term beta remains, caution is advised regarding potential overheating risks. In the medium term, the implementation of "AI + manufacturing" may shift the market from a "computing power competition" to "application realization." The software ETF is projected to have a growth rate of only 1.82% in 2024 and 14.43% in 2025, indicating that it still holds certain allocation value. The recovery of the macro economy, combined with the drive from AI large models, is expected to promote the development of software and applications, making the software industry likely to experience a recovery. Investors are encouraged to continue monitoring the software ETF (515230) and the computer ETF (512720) [2].

Group 1 - The report indicates that the growth sector outperformed last week, with significant contributions from industries such as brain-computer interfaces, commercial aerospace, AI, and new energy, supported by favorable PMI data showing a high-tech manufacturing PMI of 52.5%, up 2.4% from the previous month [5][14][19]. - Price data has shown improvement, with CPI rising 0.2% month-on-month and 0.8% year-on-year, driven by increased consumer demand and holiday shopping. Core CPI has remained above 1% for four consecutive months [19][20]. - The brain-computer interface sector has seen notable performance due to supportive industrial policies, technological advancements, and market dynamics, with projections estimating the global medical application market to reach $40 billion by 2030 and $145 billion by 2040 [20][22]. Group 2 - The market outlook is positive, with major indices showing gains: the Shanghai Composite Index increased by 3.82%, the CSI 300 by 2.79%, and the Wind All A Index by 5.11% during the observed period [25]. - The report highlights a strong increase in new A-share accounts, with 2.5967 million new accounts opened in December 2025, a 9% month-on-month increase and a 31% year-on-year increase, indicating a robust market sentiment [25]. - The report emphasizes the importance of structural factors in the market, focusing on technology and advanced manufacturing sectors, as well as policies aimed at boosting domestic demand, with specific attention to automotive, medical devices, and home appliances [26].

A股市场呈现出明显的结构性特征，科技板块成为领涨主力。 多家券商看好后市。 广发证券：A股估值有希望继续提升。 （原标题：A股17连阳，成交额刷新历史！20只ETF涨超10%，59只ETF涨超8%） 今天，沸腾了！全线爆发！A股17连阳，成交额刷新历史！ 上证指数收涨1.09%，17连阳，再度刷新逾10年新高。 沪深两市成交额3.6万亿元，连续第2个交易日突破3万亿元，较上一个交易日放量4787亿元，刷新此前 在2024年10月8日创下的成交额历史纪录。 ETF大爆发！1月12日，20只ETF涨超10%，59只ETF涨超8%。 其中，科创创业人工智能ETF摩根、创业板人工智能ETF招商、创业板软件ETF富国、创业板软件ETF 华夏、创业板人工智能ETF南方、软件龙头ETF、软件ETF、通用航空ETF、航空ETF、传媒ETF、影视 ETF、大数据ETF华宝、软件50ETF、软件ETF指数、卫星产业ETF、卫星ETF广发、卫星ETF鹏华、传 媒ETF、卫星ETF、软件ETF易方达涨超10%。 兴业证券：市场上行收益可能远大于下行风险。 往后看，上证"十六连阳"、突破关键点位、成交额破3万亿等一系列标志性事件对于趋 ...

Group 1 - The A-share market continued its strong performance with all three major indices rising collectively on January 12, marking a 17-day consecutive increase and reaching a new high not seen in over a decade [1] - The Shanghai Composite Index rose by 1.09% to close at 4165.29 points, while the Shenzhen Component Index increased by 1.75% to 14366.91 points, and the ChiNext Index gained 1.82% to 3388.34 points [1] Group 2 - The total market turnover for the day was approximately 3.64 trillion yuan, breaking the previous record of 3.49 trillion yuan and setting a new historical high [2] - Sectors such as internet, cultural media, and software saw significant gains, while concept sectors like quantum materials, intelligent AI, and satellite internet performed exceptionally well [2]

Group 1 - The ChiNext Index experienced a rebound driven by technology stocks, with an increase of over 1%, particularly in sectors such as AI applications, cloud computing, big data, software development, internet services, gaming, and computer equipment [1] - The ETF for ChiNext Software, 富国 (159107), saw an intraday increase of 7.91%, with constituent stocks like 拓尔思, 汉得信息, and 昆仑万维 reaching their daily limit [1] - The Ministry of Industry and Information Technology emphasized a focus on quantum technology, humanoid robots, brain-computer interfaces, deep-sea and polar exploration, and 6G during the 14th Five-Year Plan, aiming to enhance technological breakthroughs, product development, enterprise cultivation, and ecosystem construction [1] Group 2 - The ETF 富国 (159107) tracks the ChiNext Software Index (399264), selecting 50 core stocks from the ChiNext software sector, covering the entire chain of basic software, application software, and IT services, and possesses a high elasticity attribute [1] - The performance elasticity and valuation potential of constituent companies are expected to be promising due to the empowerment of AI and the promotion of digital transformation policies [1]

Market Performance - The Shanghai Composite Index opened high and continued to rise, achieving a 17-day consecutive increase with a gain of 1.09%, closing at 4165.29 points [1] - The Shenzhen Component Index rose by 1.75%, closing at 14366.91 points, while the ChiNext Index increased by 1.82%, closing at 3388.34 points [1] - The North Star 50 Index surged by 5.35%, closing at 1605.77 points [1] - The total market turnover reached 36,445 billion yuan, an increase of 4,922 billion yuan from the previous day, setting a historical record [1] Index Performance - The Shanghai Composite Index: 4165.29 (+44.86, +1.09%) [2] - The Shenzhen Component Index: 14366.91 (+246.76, +1.75%) [2] - The ChiNext Index: 3388.34 (+60.53, +1.82%) [2] - The North Star 50 Index: 1605.77 (+81.51, +5.35%) [2] - The Science and Technology Innovation 50 Index: 1511.84 (+35.87, +2.43%) [2] - The CSI 300 Index: 4789.92 (+30.99, +0.65%) [2] - The CSI 500 Index: 8249.13 (+192.44, +2.39%) [2] - The CSI 1000 Index: 8357.01 (+227.83, +2.80%) [2] Sector Performance - The internet sector saw a significant increase of 9.81%, followed by cultural media at 8.96% and software at 7.75% [3] - The education sector rose by 5.94%, while aerospace and military industries increased by 5.82% [3] - The "20CM" dual innovation ETFs experienced notable premium increases, with the AI-themed ETFs showing substantial gains, such as the Morgan AI ETF rising by 16.59% [3] - The commercial aerospace sector also saw a surge, with multiple ETFs reaching their daily limit [3] ETF Performance - The Nasdaq Biotechnology ETF declined by 1% [4] - The Hong Kong Stock Connect dividend strategy ETFs, including E Fund and Ping An, fell by 1% and 0.99% respectively [4] - The Hong Kong innovative drug sector showed a downward trend, with the innovative drug ETF dropping by 0.95% [4] - The chemical sector also faced declines, with the chemical ETF and industry ETF both decreasing by 0.9% [4]

MACD金叉信号形成，这些股涨势不错！ 消息面上，上周，被称为中国"AI六小虎"的智谱与稀宇科技(MiniMax)相继登陆港交所，而百度年初亦宣布分拆昆仑芯赴港上市，相关利好持续引爆AI板 块。热潮下，多家AI视频领域企业近期成为市场关注焦点。其中，AIGC软件A股上市公司万兴科技因在大模型和AI应用的落地表现，受到广泛关注。 万兴科技(300624.SZ)今日午后强势拉升并封死20cm涨停，最终收报99.06元，股价创2023年6月27日以来逾30个月新高；该股2026年喜获开门红，开年以来6 个交易日已累涨超40%，远远跑赢大盘表现(同期A股三大指数涨幅4%~6%)。 万兴科技业务覆盖全球200多个国家和地区，累计活跃用户超过20亿，在全球视频创意工具市场中具备广泛的用户基础。2025年6月，公司推出万兴天幕音视 频多媒体大模型2.0，其海外版本在VBench-2.0文生视频评测中跻身全球前三。而公司旗下多款海外产品已接入谷歌新一代图像生成与编辑模型Nano Banana Pro、新一代AI视频生成模型Veo 3.1，以及OpenAI新一代视频生成模型Sora 2。此外，在AIGC软件领域，万兴科技已推出 ...

每经AI快讯，1月12日，市场震荡拉升，三大指数均涨超1%，创业板指探底回升，此前一度跌超1%。 沪深两市成交额3.6万亿，连续第2个交易日突破3万亿，较上一个交易日放量4787亿，刷新此前在2024 年10月8日创下的成交额历史纪录。盘面上，市场热点轮番活跃，全市场超4100只个股上涨，其中201只 个股涨停。从板块来看，AI应用概念全线爆发，引力传媒6天5板，利欧股份、天下秀、省广集团2连 板，卫宁健康、新点软件、福昕软件等多股涨停。商业航天概念延续强势，金风科技5连板，通宇通讯4 天3板。可控核聚变概念表现活跃，中国核建4天3板。下跌方面，保险、油气、房地产等板块跌幅居 前。截至收盘，沪指涨1.09%，深成指涨1.75%，创业板指涨1.82%。 （文章来源：每日经济新闻） ...