| 国防军工 | | | | 内蒙一机 | | | --- | --- | --- | --- | --- | --- | | 煤炭 | 0.04 | 30.23 | 20.33 | 新大洲A | 2.90 | | 银行 | -0.38 | 202.23 | 26.26 | 苏农银行 | -2.40 | | 石油石化 | -1.35 | 110.25 | -17.64 | 科力股份 | -17.05 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计，截至上午10:28，今日沪指涨0.95%，A股成交量540.75亿股，成交金额6764.01亿 元，比上一个交易日增加26.40%。个股方面，4713只个股上涨，其中涨停53只，625只个股下跌，其中 跌停13只。从申万行业来看，非银金融、汽车、电力设备等涨幅最大，涨幅分别为2.95%、2.41%、 2.14%；石油石化、银行等跌幅最大，跌幅分别为1.35%、0.38%。（数据宝） 今日各行业表现（截至上午10:28） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（ ...

| 通信 | | | | 退市鹏博 | | | --- | --- | --- | --- | --- | --- | | 电子 | -1.75 | 1195.91 | 8.93 | 润欣科技 | -7.80 | | 国防军工 | -2.12 | 429.84 | -7.16 | 捷强装备 | -14.53 | | 计算机 | -2.22 | 1072.73 | 13.18 | 退市龙宇 | -35.16 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计，截至下午13:59，今日沪指跌0.51%，A股成交量999.00亿股，成交金额11940.64 亿元，比上一个交易日增加13.24%。个股方面，1047只个股上涨，其中涨停51只，4261只个股下跌。 从申万行业来看，医药生物、美容护理、银行等涨幅最大，涨幅分别为0.51%、0.46%、0.40%；计算 机、国防军工、电子等跌幅最大，跌幅分别为2.22%、2.12%、1.75%。（数据宝） 今日各行业表现（截至下午13:59） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（% ...

Core Viewpoint - The market is expected to continue a trend of oscillating upward in the coming week, supported by technical indicators and liquidity metrics [1][2]. Market Indicators - The liquidity shock index for the CSI 300 was 0.30, indicating higher liquidity than the average level over the past year by 0.30 standard deviations [2]. - The PUT-CALL ratio for the SSE 50 ETF options decreased to 0.85, reflecting a reduced caution among investors regarding short-term movements [2]. - The five-day average turnover rates for the SSE Composite Index and Wind All A were 0.82% and 1.40%, respectively, indicating increased trading activity [2]. Macroeconomic Factors - The onshore and offshore RMB exchange rates saw weekly increases of 0.15% and 0.25%, respectively [2]. - The official manufacturing PMI for China in May was reported at 49.5, matching expectations, while the Caixin manufacturing PMI was lower at 48.3 [2]. Technical Analysis - The Wind All A index broke through the SAR point on June 4, signaling a buy opportunity, with the moving average strength index scoring 207, placing it in the 81.6% percentile since 2021 [2][3]. Market Performance - For the week of June 2 to June 6, the SSE 50 index rose by 0.38%, the CSI 300 index increased by 0.88%, the CSI 500 index grew by 1.6%, and the ChiNext index surged by 2.32% [3]. - The overall market PE (TTM) stands at 19.2 times, which is in the 52.3% percentile since 2005 [3]. Factor Analysis - Small-cap factors performed well, with a crowding degree of 1.05, while low valuation factors had a crowding degree of 0.06 [3]. - The industry crowding degree is relatively high in machinery, comprehensive, retail, environmental protection, and beauty care sectors, with notable increases in beauty care and banking [3].

Market Overview - The Shanghai Composite Index increased by 0.33% as of 10:28 AM, with a trading volume of 445.73 billion shares and a turnover of 540.25 billion yuan, representing a decrease of 8.41% compared to the previous trading day [1]. Industry Performance - The top-performing sectors included: - Comprehensive: +2.17% with a turnover of 15.96 billion yuan, led by Dongyangguang (+6.26%) [1]. - Non-ferrous Metals: +1.63% with a turnover of 236.13 billion yuan, led by Sry New Materials (+12.20%) [1]. - Communication: +1.47% with a turnover of 287.97 billion yuan, led by Taichengguang (+15.65%) [1]. - The sectors with the largest declines included: - Transportation: -0.75% with a turnover of 124.09 billion yuan, led by Xinning Logistics (-6.09%) [2]. - Agriculture, Forestry, Animal Husbandry, and Fishery: -0.40% with a turnover of 71.39 billion yuan, led by Xiangjia Co. (-5.01%) [2]. - Banking: -0.38% with a turnover of 114.66 billion yuan, led by Qingdao Bank (-1.90%) [2]. Detailed Industry Data - The following industries showed notable performance: - Electronics: +1.43% with a turnover of 481.30 billion yuan, led by Guanghua Technology (+10.02%) [1]. - Power Equipment: +1.27% with a turnover of 404.26 billion yuan, led by Keheng Co. (+20.02%) [1]. - Textile and Apparel: +0.93% with a turnover of 98.88 billion yuan, led by Mankalon (+13.55%) [1]. - Conversely, industries with significant downturns included: - Coal: -0.12% with a turnover of 18.78 billion yuan, led by Dayou Energy (-1.61%) [2]. - Public Utilities: -0.13% with a turnover of 76.12 billion yuan, led by Southern Power Energy (-5.50%) [2]. - Real Estate: +0.13% with a turnover of 47.49 billion yuan, led by Zhujiang Co. (+9.95%) [1].

证 券 研 究 报 告 【债券日报】 转债市场日度跟踪 20250529 ❖ 市场概况：今日转债增量上涨，估值环比抬升 指数表现：中证转债指数环比上涨 0.58%、上证综指环比上涨 0.70%、深证成 指环比上涨 1.24%、创业板指环比上涨 1.37%、上证 50 指数环比上涨 0.29%、 中证 1000 指数环比上涨 1.76%。 市场风格：小盘成长相对占优。大盘成长环比上涨 0.62%、大盘价值环比下降 0.03%、中盘成长环比上涨 1.48%、中盘价值环比上涨 0.62%、小盘成长环比 上涨 1.53%、小盘价值环比上涨 0.84%。 资金表现：转债市场成交情绪升温。可转债市场成交额为 571.54 亿元，环比 增长 12.24%；万得全 A 总成交额为 12134.10 亿元，环比增长 17.37%；沪深 两市主力净流入 74.33 亿元，十年国债收益率环比上升 0.45bp 至 1.69%。 转债价格：转债中枢提升，高价券占比提升。转债整体收盘价加权平均值为 118.69 元，环比昨日上升 0.59%。其中偏股型转债的收盘价为 162.71 元，环比 上升 0.07%；偏债型转债的收盘价为 11 ...

点击注册小程序 查看完整报告 报告摘要 5月A股港股市场有所回暖 5月A股主要指数涨跌分化，行业端涨多跌少。受风险偏好波动等因素影响，5月（截至27日），A股主要指数 涨跌出现分化，其中万得全A涨幅最大，而科创50跌幅最大。行业端涨多跌少，轻工制造、综合、纺织服饰等 行业表现较好，而电子、计算机、房地产、社会服务等行业表现相对较差。 5月港股市场震荡上行。5月受海外扰动缓和、国内风险偏好回暖等因素影响，港股市场整体走势震荡上行。截 至2025年5月27日，恒生香港35、恒生指数、恒生综合指数、恒生中国企业指数、恒生科技的涨幅分别为 7.6%、5.7%、5.3%、4.9%、1.9%。 A股观点：继续关注三类资产 政策的持续支持以及中长期资金积极流入背景下， A股市场有望震荡上行。当前A股市场的估值处于2010年以 来的均值附近，而随着政策的积极发力，中长期资金带来的增量资金或将持续流入市场，对资本市场形成托 底，A股市场有望震荡上行。 配置方向上，关注三类资产。方向一：稳定类资产，如高股息、黄金。稳定类资产能够在市场面临不确定时提 供确定性。方向二：产业链自主可控。在"双循环"新发展格局和全球产业链重构的双重驱 ...

证券时报·数据宝统计，今日有13个行业主力资金净流入，18个行业主力资金净流出。资金净流入金额 最大的行业为非银金融，涨跌幅3.99%，整体换手率2.05%，成交量较前一个交易日变动147.16%，主力 资金净流量87.55亿元；今日资金净流出最大的行业为电力设备，涨跌幅-0.16%，整体换手率2.20%，成 交量较前一个交易日变动-19.84%，主力资金净流量-28.94亿元。（数据宝） 今日各行业主力资金流向一览 | 行业名 | 成交量（亿 | 成交量较昨日增减 | 换手率 | 涨跌幅 | 今日主力资金净流入（亿 | | --- | --- | --- | --- | --- | --- | | 称 | 股） | （%） | （%） | （%） | 元） | | 非银金 融 | 84.61 | 147.16 | 2.05 | 3.99 | 87.55 | | 交通运 输 | 67.22 | 51.18 | 1.60 | 1.79 | 25.32 | | 计算机 | 69.35 | 7.62 | 3.92 | 0.86 | 13.07 | | 食品饮 料 | 14.53 | 12.03 | 1.60 | 1 ...

Market Overview - The Shanghai Composite Index increased by 0.19% today, with a trading volume of 606.39 million shares and a total transaction value of 735.57 billion yuan, representing an 18.90% decrease compared to the previous trading day [1]. Industry Performance - The top-performing sectors included: - Non-bank Financials: +1.23%, with a transaction value of 238.85 billion yuan, led by Hongta Securities (+5.27%) [1]. - Transportation: +1.09%, with a transaction value of 272.69 billion yuan, led by Air China (+24.84%) [1]. - Oil and Petrochemicals: +0.86%, with a transaction value of 48.97 billion yuan, led by Maohua Shihua (+10.11%) [1]. - The sectors with the largest declines included: - Textiles and Apparel: -1.11%, with a transaction value of 100.10 billion yuan, led by Taihu Snow (-7.13%) [2]. - Electric Power Equipment: -0.96%, with a transaction value of 525.10 billion yuan, led by Xinyu Ren (-7.84%) [2]. - Social Services: -0.83%, with a transaction value of 52.02 billion yuan, led by Qujiang Cultural Tourism (-4.03%) [2]. Summary of Sector Changes - Non-bank Financials showed a decrease in transaction value by 7.63% compared to the previous day [1]. - Transportation sector saw a significant increase in transaction value by 40.62% compared to the previous day [1]. - The overall market sentiment reflected a mixed performance across various sectors, with notable gains in non-bank financials and transportation, while textiles and electric power equipment faced declines [1][2].

证券时报·数据宝统计，截至上午10:29，今日沪指跌0.26%，A股成交量485.58亿股，成交金额5867.04亿 元，比上一个交易日减少2.38%。个股方面，1220只个股上涨，其中涨停45只，4016只个股下跌，其中 跌停5只。从申万行业来看，美容护理、银行、纺织服饰等涨幅最大，涨幅分别为2.29%、1.17%、 0.74%；国防军工、电子、计算机等跌幅最大，跌幅分别为2.11%、1.65%、1.46%。（数据宝） | 机械设备 | | | | 电光科技 | | | --- | --- | --- | --- | --- | --- | | 计算机 | -1.46 | 664.24 | 13.14 | 网达软件 | -6.63 | | 电子 | -1.65 | 627.06 | -1.72 | 华虹公司 | -11.08 | | 国防军工 | -2.11 | 445.55 | 19.15 | 通易航天 | -9.44 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 今日各行业表现（截至上午10:29） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | ...

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 业 | 基础化 | 76.48 | 15.02 | 2.86 | 1.15 | -5.73 | | --- | --- | --- | --- | --- | --- | | 工 | | | | | | | 有色金 | 41.67 | -3.26 | 1.91 | 0.45 | -9.44 | | 属 | | | | | | | 家用电 | 25.04 | 7.97 | 3.27 | 0.54 | -9.58 | | 器 | | | | | | | 汽车 | 62.38 | 15.64 | 2.90 | 0.10 | -13.72 | | 电力设 备 | 56.60 | 3.75 | 2.34 | 0.89 | -14.43 | | 机械设 | | | | | | | 备 | 101.44 | 10.38 | 3.78 | 0.59 | -14.68 | | 传媒 | 38.92 | -10.53 | 2.68 | -0.56 | -15.14 | | 医药生 | 51.24 | 7.14 | 1.89 | -0.11 | ...