上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 2月24日，A股全天下来共有109只涨停股、21只跌停股。贵金属板块活跃，湖南白银、盛达资源等涨 停；MLCC概念走强，风华高科、昀冢科技涨停；玻纤概念上涨，宏和科技、山东玻纤4天3板，中国巨 石、国际复材等4天2板。 连板股方面，ST京蓝（维权）16天12板，ST金鸿、*ST万方（维权）5连板，金牛化工7天4板，风语筑6 天4板，豫能控股、美邦股份4连板，江钨装备4天3板，汉缆股份3连板，金正大4天2板，招商轮船、中 远海能等3天2板，亚星锚链、*ST仁东等2连板，长飞光纤、深南电路等涨停。 *ST精伦、*ST熊猫（维权）连续3日跌停，德才股份连续2日跌停，视觉中国、博纳影业、*ST国华、 ST中迪（维权）等跌停。 ...

Core Viewpoint - The U.S. Supreme Court's rejection of Trump's import tariff policy has led to a decline in global stock markets, while gold and silver prices surged to three-week highs [1] Group 1: Market Reactions - Following the Supreme Court's ruling, spot gold prices increased by 1.0% at the end of Friday trading and surged by up to 1.3% on Monday morning, reaching a high of $5,176 per ounce before dropping by $30 [1] - Silver prices rose approximately 3.9% to $87.84 per ounce, marking a two-week high, after a 3.6% increase at the end of Friday [1] Group 2: Fiscal Implications - The Supreme Court's decision is expected to increase the U.S. fiscal deficit by approximately $2 trillion, as stated by Maya MacGuineas, chair of the Committee for a Responsible Federal Budget [1] - As of January 2026, the U.S. federal budget deficit was reported at $600 billion, a 20% decrease compared to the same period last year, attributed to higher income tax revenues and tariff measures implemented under Trump's emergency powers [10] - The ruling may also pose a risk of over $175 billion in potential tax refunds, according to the Penn Wharton Budget Model [10] Group 3: Economic Outlook - The fourth quarter GDP annualized growth rate for the U.S. was reported to have dropped significantly to 1.4%, while the core Personal Consumption Expenditures (PCE) inflation rate accelerated to 3.0% year-over-year [10] - RBC Capital Markets indicated that the tariff ruling could alleviate inflation concerns, potentially allowing the Federal Reserve more room to lower interest rates [10] Group 4: International Trade Dynamics - U.S. officials, including trade representative Jamieson Greer, stated that the Supreme Court's ruling would not disrupt existing agreements, although there is significant confusion within the U.S. government regarding trade policies [11] - The European Parliament's trade committee chair, Bernd Lange, expressed concerns over the uncertainty faced by the EU and other U.S. trade partners due to the current situation [11]

| 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 4117.41 | 14291.57 | 1535.4 | | +35.34 +0.87% +191.38 +1.36% +5.66 +0 | | | | 科创20 | 创业板指 | 万得全/ | | 1465.37 | 3308.26 | 6828.5 | | -4.97 -0.34% +32.31 +0.99% +71.78 +1 | | | | 沪深300 | 中证500 | 中证A5( | | 4707.54 | 8392.91 | 5910.7 | | +47.14 +1.01% +93.32 +1.12% +70.01 +1 | | | | 中证1000 | 中证2000 | 中证红 | | 8299.77 | 3536.69 | 5754.4 | | +94.94 +1.16% +43.51 +1.25% +86.19 +1 | | | 马年首个交易日，A股三大指数今日集体走高，截至收盘，沪指涨0.87%报4117点，深证成指涨1.36%，创业板指涨0.99%。全市场成交额2.22万亿元，较前 一交易日增量 ...

Group 1 - The core viewpoint of the article highlights the significant rise in spot gold prices, which reached $5200 per ounce, driven by geopolitical tensions between the U.S. and Iran, and the subsequent impact on precious metals and oil prices [1] - The article notes that the ongoing negotiations between the U.S. and Iran have not reached a resolution, leading to a deterioration in the situation and a continuous increase in the price of London gold [1] - The long-term trend for gold remains strong, supported by factors such as monetary expansion, fiscal deficit monetization, and increasing demand for gold as a safe asset amid global geopolitical instability [1] Group 2 - The article emphasizes the potential for continued upward momentum in precious metals, industrial metals, and crude oil, driven by the pricing logic in the commodity market [1] - It suggests that the trend of "de-dollarization" globally may position gold as a new pricing anchor, enhancing its appeal as a reserve asset [1] - The combination of a Federal Reserve interest rate cut cycle, increased overseas uncertainties, and the global trend of de-dollarization continues to support gold prices [1]

贵金属、石油等板块升温主要源自地缘政治风险催化，消息面上，据新华社报道，美国近期在中东地区 大规模集结兵力。美国总统特朗普近日承认，他在考虑对伊朗进行"有限军事打击"。同时，美国已开始 从中东地区一些军事基地撤离部分人员。 华西证券研报认为节后A股的"红包行情"值得期待。其一，春节期间，伊朗局势、特朗普关税政策等外 部不确定性在一定程度上压制了市场风险偏好，推动避险资产走强，但在科技板块亮眼表现的带动下， 全球股市普遍实现上涨；其二，在美元指数反弹的背景下，人民币汇率稳中有升、持续温和升值，有助 于强化中长期资金增配中国资产的预期；其三，春节期间，机器人、AI大模型、存储等科技领域催化 因素密集释放，提振市场对节后科技行情的预期。 （文章来源：南方都市报） 2月24日，A股迎来马年首个交易日，三大指数早盘集体上涨，截至午盘，沪指报4129.78点，涨 1.17%，深成指报14356.88，涨1.82%，创业板指报3333.62，涨1.76%，半日成交额15210亿元，市场超 4200只个股上涨。 板块题材上，油气开采及服务、贵金属、光纤概念等板块涨幅居前，具体来看，油气开采及服务板块 中，科力股份涨超20%领 ...

上证指数日K线图 金融投资报记者 林珂 马年首个交易日大盘如期高开高走，早盘三大股指均出现超过1%的涨幅。 板块方面，油服服务、玻璃纤维、贵金属、通信设备等板块出现大幅上涨。影视院线、旅游、游戏、保 险等板块则出现逆势回落。在大盘大幅上涨背景下，个股出现普涨格局，两市上涨个股超过4200只，其 中88股涨停。 从指数运行来看，节前大盘震荡明显，但从历史经验来看，节后市场普遍走势较好。据统计，2017- 2025年万得全A春节后10个交易日平均涨幅3.3%，春节前10个交易日平均跌幅-1.3%，多数年份节后表 现优于节前。从胜率角度看，近九年万得全A春节后5个交易日、春节后10个交易日胜率分别为78%、 78%，相较春节前胜率有明显抬升。行业层面，31个申万一级行业中28个节后胜率高于节前，TMT指数 在春节后5个交易日、10个交易日的胜率分别为89%、100%，相比节前有明显提升，指向科技板块通常 在节后阶段表现较好，弹性更足。 经过早盘的快速走高，A股马年首日有望实现"开门红"。证券分析师李晓明在接受金融投资报记者采访 时表示："节日期间消息面多空交织，但并无重大利空，市场如预期的高开高走。从成交量角度来看 ...

Group 1: Market Overview - On the first trading day of the Year of the Horse (February 24), the three major indices in A-shares opened higher, with the Shanghai Composite Index up 1.15%, the Shenzhen Component Index up 1.52%, and the ChiNext Index up 1.70 [1] - The market saw strong performance in the gold and oil sectors, with active trading in energy metals, CPO, ultra-high voltage, consumer electronics, and semiconductor concept stocks [1] Group 2: Oil and Gas Sector - The recent strength in oil prices and the oil and gas sector is driven by a tight supply-demand balance, escalating regional conflicts, and insufficient long-term capital expenditure [1] - OPEC+ continues to maintain large-scale voluntary production cuts, strictly controlling crude oil exports, while the U.S. tightens restrictions on oil-producing countries like Iran and Venezuela, leading to a significant decrease in global crude oil supply elasticity [1] - International agencies like EIA have raised global crude oil demand forecasts for 2026, with steady recovery in industrial and transportation fuel demand, and global crude oil inventories at historically low levels [1] Group 3: Precious Metals - The precious metals market experienced heightened risk aversion due to new tariff policies announced by the Trump administration and recent U.S. economic data, with international gold prices significantly rising to $5,200 per ounce [2] - During the Spring Festival holiday (February 16-23), spot gold saw a cumulative increase of 3.64% [2] Group 4: Coal Market - The overseas coal market remained strong during the Spring Festival, with ICE Rotterdam coal futures closing at $113.0 per ton, up 5% from before the holiday and up 16% year-on-year [2] - Factors such as cold weather in Europe and the U.S. increasing electricity demand, along with Trump's proposals to revitalize the coal industry, have catalyzed this trend [2] - Domestic coal prices are expected to rise as the supply from Indonesia, the world's largest coal exporter, decreases, potentially leading to a significant tightening in the global coal market [2] Group 5: ETF Performance - The Shanghai Gold ETF (518600) saw a maximum intraday increase of over 4%, with a cumulative increase of 19.65% over the past three months as of February 13, 2026 [3] - The Energy ETF managed by Guangfa (159945) also saw a maximum intraday increase of over 5%, with significant gains in component stocks such as China National Offshore Oil Corporation and Guanghui Energy [3] - Analysts predict that the A-share market will continue its upward trend post-holiday, with a focus on policy-driven industry themes and rapid style switching [3][4] Group 6: Investment Strategies - Citic Securities emphasizes a dual focus on "technology and resource products," with key sectors including AI, humanoid robots, new energy, and innovative pharmaceuticals for technology, and precious metals, oil and petrochemicals, and basic chemicals for resources [4] - The current surge in global commodity prices is prompting a comprehensive investment strategy across various ETFs, including energy, gold, rare metals, materials, and grain [4]

Market Overview - A-shares opened significantly higher with the Shanghai Composite Index up 1.17%, Shenzhen Component Index up 1.82%, and ChiNext Index up 1.76% as of midday close [1] - The strong opening is attributed to multiple favorable factors, including a stable and positive external market during the Spring Festival, with Hong Kong stocks and FTSE China A50 Index showing steady gains [1] - Domestic liquidity remains reasonably ample, with effective reverse repurchase operations before the holiday stabilizing the market's funding situation, and increased capital inflow post-holiday providing support for market upward movement [1] - Macroeconomic recovery and ongoing industrial policy implementation have further boosted market risk appetite, leading to optimistic investor expectations for the capital market in the Year of the Rabbit [1] Sector Performance - The non-ferrous metals, oil and gas, and computing power sectors saw the largest index gains, with precious metals leading the charge [2] - Precious metals surged, with Xiaocheng Technology rising nearly 13% and Hunan Silver approaching the daily limit, alongside other gold-related stocks [4] - The oil and gas sector was active, with Tongyuan Petroleum hitting the daily limit and other companies like Intercontinental Oil and Huibo Petroleum also seeing significant gains [5] - Fiber optic stocks continued to perform well, with Hangdian Co. hitting the daily limit and other companies in the sector experiencing substantial increases [7] - The chemical sector showed strength, particularly in phosphate and pesticide areas, with several companies reaching the daily limit [8] Future Outlook - Industrial securities predict that A-shares are entering a high-probability window, with expectations for a new upward trend post-holiday [10] - Dongwu Securities suggests that historical "Spring Festival effect" indicates a potential recovery in trading volume and price, supported by favorable global market conditions [11] - Huaxi Securities expresses optimism for a "red envelope market" post-holiday, driven by external uncertainties and strong performance in technology sectors during the holiday [12] - Guotou Securities highlights the likelihood of a resurgence in technology stocks post-holiday, supported by stable global equity markets and significant domestic catalysts in robotics and AI [13]

Market Performance - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index increasing by 1.17%, the Shenzhen Component Index by 1.82%, and the ChiNext Index by 1.76% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 15,210 billion yuan, an increase of 3,074 billion yuan compared to the previous day [1] - Over 4,200 stocks in the market experienced gains [1] Sector Performance - The sectors that saw significant gains included oil and gas extraction and services, precious metals, fiber optics, phosphorus chemicals, chemical raw materials, electric grid equipment, coal mining and processing, CPO, and port shipping [1] - Conversely, sectors that faced declines included film and cinema, AI applications, cloud computing, tourism and hotels, insurance, and liquor [1] Key Drivers - Resource cyclical stocks, including oil, natural gas, and gold, surged due to concerns over Trump's tariff policies and escalating tensions in the US-Iran situation [1] - Notable stocks such as Zhongman Petroleum, Hunan Silver, and Jinniu Chemical reached their daily limit [1] - The demand driven by AI led to strong performance in computing hardware stocks, with Longfei Fiber Optics hitting a historical high and stocks like Tianfu Communication, Zhongji Xuchuang, and Xinyi Sheng showing significant gains [1] Notable Declines - The film and cinema sector experienced a sharp decline, with companies like Light Media hitting a 20% limit down, and others such as China Film, Hengdian Film, and Bona Film also facing significant drops [1] - According to the National Film Administration, the box office for the 2026 Spring Festival reached 5.752 billion yuan [1] - Many AI application concept stocks also saw declines, with companies like Meiri Interactive and Jin Modern leading the losses [1]

Market Overview - The market opened high on February 24 but retreated before rebounding, with all three major indices rising over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.51 trillion yuan, an increase of 306.5 billion yuan compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index rose by 1.17%, the Shenzhen Component Index increased by 1.82%, and the ChiNext Index gained 1.76% [1] Sector Performance - Oil and gas stocks experienced a collective surge, with companies like Zhun Oil Co., Shandong Molong, Intercontinental Oil & Gas, and Zhongman Petroleum hitting the daily limit [1] - The chemical sector saw significant growth, with Meibang Co. achieving four consecutive limit-ups, Jinniu Chemical hitting four limit-ups in seven days, and companies like Chengxing Co. and Jinpu Titanium Industry also reaching the daily limit [1] - The fiberglass concept remained active, with International Composites rising over four days and achieving two limit-ups, setting a new historical high [1] - Precious metals stocks also saw gains, with Hunan Silver hitting the daily limit [1] - Conversely, the film and cinema sector faced a collective decline, with Hengdian Film and Television, Bona Film Group, and China Film all hitting the daily limit down [1]