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尾盘猛拉,调整结束了吗?
Sou Hu Cai Jing· 2025-09-04 09:27
今天全市成交额较昨天大幅放量接近2000亿,总成交额达到了2.5万亿。从成交量分时图来看,早盘出逃自己较大,放量下跌;尾盘托市资金量也不 小,所以也将市场拉起来一大部分。 今天A股行情整体延续了昨天下跌的态势,三大指数均出现幅度不小的跌幅。其中,上证指数下跌1.25%,深证成指下跌2.83%,创业板指下跌4.25%, 跌幅最大。 要不是尾盘狂拉一阵子,估计今天整体下跌幅度会更大、更惨烈。那么是谁下跌得最猛,毫无疑问是前段时间涨幅过大的科技股,尤其是半导体板块。 前段时间超越茅台的"股王"寒武纪今天大跌了14.45%,盘中一度跌破1200元,茅台目前的股价是1472.66元。超越茅台股价后就会迎来暴跌的魔咒会不 会再次奏效?我们拭目以待吧! 科技股大跌,带动指数下跌。而今天起到托市作用反而是前段时间滞涨的大消费板块。大消费板块什么时候能够持续发力,牛市持续下去或许问题就不 大了。 市场为何要跌,可以去找很多原因。但是我认为最重要还是市场前期涨幅过大过急,消耗了大量多头的资金。现在得休整一下,进行调仓换仓,为下一 波行情蓄能。 所以,对当前市场的下跌,我从不认为是牛市结束的标志。就如我在昨天文章里说的一样,牛市多 ...
A股收评:科创50指数跌超6% 大消费股逆势走强
Market Overview - The market experienced a significant decline, with the ChiNext Index leading the drop, and the STAR 50 Index falling over 6%. The Shanghai Composite Index closed down 1.25%, the Shenzhen Component Index down 2.83%, and the ChiNext Index down 4.25% [1]. Market Activity - The trading environment was characterized by a lack of clear market trends, with nearly 3,000 stocks declining across the board [2]. - The total trading volume for the Shanghai and Shenzhen markets reached 2.54 trillion yuan, an increase of 180.2 billion yuan compared to the previous trading day [5]. Sector Performance - Consumer stocks showed resilience, with several stocks, including Bubugao, hitting the daily limit [3]. - Bank stocks rebounded from lows, with Agricultural Bank of China reaching a historical high [3]. - Solar and energy storage concept stocks initially surged, with An Cai High-Tech hitting the daily limit [3]. Declining Stocks - The computing hardware and chip sectors faced significant declines, with stocks like New Yisheng dropping over 10% [4]. - Notable individual stock performances included: - Zhongji Xuchuang: down 13.39% with a trading volume of 36.732 billion yuan [7] - New Yisheng: down 15.58% with a trading volume of 34.970 billion yuan [7] - Hanwujing: down 14.45% with a trading volume of 28.013 billion yuan [7] - Contemporary Amperex Technology: down 1.61% with a trading volume of 20.443 billion yuan [7]
9/2财经夜宵:得知基金净值排名及选基策略,赶紧告知大家
Sou Hu Cai Jing· 2025-09-02 16:32
Group 1 - The article highlights the top 10 open-end funds with the highest net value growth as of September 2, 2025, including the top fund, Baoying Ruifeng Innovation Mixed A/B, which increased from 2.8290 to 2.9880, a growth of 0.15 [2][3] - The bottom 10 funds in terms of net value growth include Guorong Rongxin Consumer Selected Mixed A, which decreased from 0.9057 to 0.8365, a decline of 0.06 [4][6] - The overall market performance shows a downward trend in the Shanghai Composite Index, with a trading volume of 2.91 trillion, indicating a challenging market environment [6] Group 2 - The top holdings of Baoying Ruifeng Innovation Mixed A/B include Zhengsheng Technology, which saw a daily increase of 6.35%, and Zhongdali De, which increased by 6.64%, contributing to the fund's strong performance [7] - The top holdings of Guorong Rongxin Consumer Selected Mixed A include Wuliangye, which decreased by 0.24%, and Dongfang Caifu, which fell by 2.93%, reflecting the fund's underperformance [7] - The article notes that the fund's style has shifted towards the artificial intelligence sector, indicating a potential change in investment strategy [7]
中国银河证券:A股下一阶段大概率将延续震荡上行的走势 但需关注短期波动风险
智通财经网· 2025-09-02 01:43
Core Viewpoint - The report from China Galaxy Securities indicates that sectors focusing on technological independence, domestic consumption, and dividend stocks have medium to long-term investment value. The market is expected to experience a high-level operation with potential short-term fluctuations after previous gains, supported by active trading and positive policy expectations [1]. Group 1: Market Trends and Expectations - The market is anticipated to show a phase of consolidation after prior gains, with active trading and liquidity providing support [1]. - Short-term focus should be on rebound opportunities, while medium to long-term attention should be on three main lines: "anti-involution" concepts driven by supply-demand improvements, undervalued consumer service sectors, and technology independence sectors such as AI, robotics, semiconductors, and military industry [1]. Group 2: Valuation and Performance Matching - Current A-share valuations are generally aligned with performance, although significant differences exist across industries. The overall market remains within a reasonable valuation range, with some sectors overvalued and others undervalued but showing profit improvements [2]. - A-share companies' net profit for the first half of 2025 showed a year-on-year growth of 2.45%, indicating stable profit quality despite a slight decline from the first quarter [2]. - A-shares have room for valuation improvement compared to U.S. stocks, particularly in sectors like finance and transportation infrastructure, which still hold valuation advantages [2]. Group 3: Market Sentiment Support - Recent policies aimed at stabilizing expectations and increasing market liquidity have bolstered investor confidence and supported the A-share market [3]. - Factors such as currency, interest rates, and U.S.-China interest rate differentials are contributing positively to A-share liquidity, with various elements like household savings and investment funds entering the market [3].
早盘直击|今日行情关注
首先,中报披露基本完毕,下半年经济预期主导行情运行。上周基本面信息相对平静,主要是财报季最后阶段的业绩兑现。展望后期,影响市场的主 要因素是国内下半年经济运行的预期。从目前情况看,7 月以来国内稳增长的宏观政策不断出台,聚焦供给和需求两端,回应了市场主要关切。因此,对 于经济稳定增长的预期是相对牢固的。从外部环境看,一季度以来的贸易冲突不断走向缓和,全球主要经济体逐步进入宽松的货币政策和财政政策的政策 组合,这有利于外部环境的改善。 上周市场分化反弹,成交再上台阶。沪指上周一反弹后,周三产生大幅调整,随后展开超跌反弹,但未能越过周初高点。深圳成指继续加速补涨,周 三调整后,周四周五再创新高。量能方面,上周两市日均量能接近 30000 亿元,连续三周大幅放量。上周市场热点主要集中在 TMT、有色金属和大消费 行业。投资风格方面,科技股涨幅领先,中小盘表现落后。 从运行节奏看,市场出现震荡分歧,或展开技术整固。沪指越过 2021 年的市场高点后,有加速上行迹象,五天均线的乖离率明显增加,周三市场出 现大幅调整,提示短期多空存在分歧,预计当前位置需要进一步技术整固。 风险提示:国际地缘、贸易冲突超出预期;全球金融市 ...
A股大概率将延续震荡上行走势,但需关注短期波动风险
Mei Ri Jing Ji Xin Wen· 2025-09-01 00:50
Group 1 - The current market trading sentiment has entered an overheated phase, with a noticeable tendency for crowding, necessitating attention to the deterioration of trading structure [1] - The TMT sector's crowding is approaching a warning line, indicating that low-heat sectors like consumption and cyclical industries may offer higher cost-performance ratios in the next market phase [1] - The first half of 2025 is expected to see revenue and net profit turn positive year-on-year, marking a clear turning point in the profit cycle and a mild recovery path for companies [1] Group 2 - The A-share market is likely to continue a volatile upward trend, but short-term volatility risks should be monitored [2] - Future focus areas include short-term rebound opportunities, mid-to-long-term themes such as "anti-involution" concepts driven by improved supply-demand dynamics, and dividend assets with safety margins [2] - The domestic consumption sector, particularly service consumption under supportive policies, presents investment value, with a recommendation to focus on undervalued targets [2] Group 3 - Coal prices have risen significantly since July due to a shift from a loose supply-demand balance to a slightly tighter one [3] - Although recent prices have shown some easing, strict safety regulations and production checks are expected to limit supply increases, leading to a gradual stabilization and potential recovery of coal prices [3] - Leading companies in the coal sector are managing costs effectively, showing strong profit resilience, with expectations of volume and price increases in the second half of the year [3]
社保基金二季度抄底名单出炉,国家队选股,喜欢这三个行业的龙头
Sou Hu Cai Jing· 2025-09-01 00:39
Core Insights - The article discusses the investment strategies of social security funds, highlighting their preference for bottom-fishing in stock selection and avoidance of heavily institutional-held stocks. Group 1: Stock Selection Characteristics - Social security funds exhibit a tendency to bottom-fish, as evidenced by the significant price drops of selected stocks, with some companies experiencing declines of up to 80% [2] - The funds intentionally avoid stocks that are heavily held by institutions, with only one company, Huicheng Vacuum, having a holding ratio exceeding 32%, while the majority of the other 70 companies are below 16% [2][3] Group 2: Industry Preferences - The funds favor upstream industrial raw materials, selecting leading companies in their respective sectors, such as Huaxi Nonferrous, Jinchuan Group, and others in metals, chemicals, and building materials [4] - High-end manufacturing is another area of interest, particularly companies driven by policy or industry trends, including those in pharmaceuticals and robotics [7] - The funds also show a preference for consumer goods, diversifying across various sectors like food, e-commerce, and personal care, while notably avoiding investments in the liquor sector [9]
广发证券:对于已经持有本轮牛市科技主线的投资者,建议继续坚守科技主线
Xin Lang Cai Jing· 2025-09-01 00:08
Group 1 - The core viewpoint is that the market has established a "bull market mentality," and once this trend is formed, it is difficult to reverse in the short term [1] - For investors already holding positions in the current bull market's technology sector, there is not a strong necessity to engage in "high-low switching" given the current level of valuation differentiation [1] - New incremental funds entering the market and investors with limited holdings in the main sectors may consider "low-position call options" as a strategy [1] Group 2 - Besides the TMT sector, other growth areas such as automotive parts/robotics, which have recently lagged, consumer electronics, AI applications, and cyclical consumer goods (like leisure food, home appliances, and retail) are also highlighted [1] - The report also mentions cyclical resource products, particularly in the chemical sector, as potential investment opportunities [1]
中国银河证券:A股下一阶段大概率将延续震荡上行走势,但需关注短期波动风险
Xin Lang Cai Jing· 2025-09-01 00:08
Core Viewpoint - The A-share market is likely to continue a trend of oscillating upward, but short-term volatility risks should be monitored [1] Group 1: Market Trends - In terms of trend rhythm, September's performance serves as an anchor while October's policies act as a driving force [1] - The market is expected to operate at a relatively high level in the short term, with potential for a phase of consolidation following previous gains [1] - Current market activity remains vibrant, with sustained capital flow and rising policy expectations providing support for market performance [1] Group 2: Future Focus Areas - Short-term attention should be on opportunities for catch-up gains [1] - In the medium to long term, three main lines of focus are identified: 1. The "anti-involution" concept driven by improved supply-demand dynamics and industry profit recovery, along with dividend assets that have a safety margin in valuation [1] 2. The domestic consumption sector, particularly undervalued service consumption stocks, which hold investment value under supportive policies [1] 3. The technology self-reliance direction, with sectors such as AI, robotics, semiconductors, and military industry benefiting from the rapid development of domestic high-tech industries [1]
券商密集召开秋季策略会 研判最新投资机遇
Zheng Quan Ri Bao· 2025-08-29 15:53
Group 1 - Multiple brokerages are holding autumn strategy meetings to provide insights on market trends and investment opportunities, indicating a generally optimistic outlook for the A-share market supported by various positive factors [1][2] - Key themes from the strategy meetings reflect confidence in the market, with titles such as "Planning for the Long Term" and "New Engines for Bull Markets," showcasing a strong belief in future growth [1] - Analysts emphasize the importance of these meetings in reducing information asymmetry, stabilizing market expectations, and enhancing rationality and resilience in the market [1] Group 2 - Analysts from various brokerages suggest that the A-share market is expected to continue its upward trajectory, with reasonable valuations and new positive factors emerging [2] - Investment focus areas include technology self-sufficiency, domestic consumption, and dividend stocks, with short-term attention on sectors poised for recovery [2][3] - The anticipated recovery in manufacturing and improvements in profitability are seen as key drivers for the market, with specific asset classes recommended for investment, including industrial metals and consumer-related sectors [3]