石油石化行业今日上涨0.86%，全天主力资金净流入1.33亿元，该行业所属的个股共48只，今日上涨的 有33只，涨停的有4只；下跌的有13只。以资金流向数据进行统计，该行业资金净流入的个股有23只， 其中，净流入资金超3000万元的有6只，净流入资金居首的是中国石油，今日净流入资金1.78亿元，紧 随其后的是中国石化、蓝焰控股，净流入资金分别为9116.78万元、8492.54万元。石油石化行业资金净 流出个股中，资金净流出超千万元的有12只，净流出资金居前的有贝肯能源、广汇能源、准油股份，净 流出资金分别为1.75亿元、7129.03万元、6580.71万元。（数据宝） 石油石化行业资金流向排名 沪指6月19日下跌0.79%，申万所属行业中，今日上涨的有1个，涨幅居前的行业为石油石化，涨幅分别 为0.86%。石油石化行业位居今日涨幅榜首位。跌幅居前的行业为纺织服饰、美容护理，跌幅分别为 2.36%、2.28%。 资金面上看，两市主力资金全天净流出516.60亿元，主力资金净流入的行业仅有3个，传媒行业净流入 资金1.82亿元；石油石化行业净流入资金1.33亿元；家用电器行业净流入资金295.15万元。 主力 ...

6月19日，沪指下跌0.79%，深成指下跌1.21%，创业板指下跌1.36%，沪深300指数下跌0.82%。可交易 A股中，上涨的有716只，占比13.25%，下跌的4646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） | | --- | --- | --- | --- | --- | --- | | 传媒 | -0.48 | 1.82 | 食品饮料 | -0.70 | -9.63 | | 石油石化 | 0.86 | 1.33 | 商贸零售 | -1.82 | -11.25 | | 家用电器 | -0.98 | 0.03 | 交通运输 | -1.35 | -13.70 | | 综合 | -1.43 | -0.03 | 公用事业 | -0.97 | -20.16 | | 钢铁 | -1.30 | -0.95 | 汽车 | -1.47 | -21.05 | | 建筑材料 | -1.18 | -1.10 | 电力设备 | -1.45 | -23.52 | | 环保 | -1.69 | -3.75 | 通信 | -0.83 | -24.30 | | 银行 ...

上周跟大家分析过，这一轮A股站上3400，主要受三大预期提振：领导人通话、经贸磋商机制首次会谈以及本周的陆家嘴论坛，A股的尿性大家应该清楚-买 预期、卖兑现，短期内这三大预期都落地了，资金必然会兑现，看证券走势就知道了，上周持续走强，这周论坛一开就暴跌。还有一个指标很重要，那就是 ah溢价，上周提示大家这个指标创出阶段性新低，除非是牛市来了否则都意味着要回调，本周恒生指数连续三天大跌。 这周我又开始提示高位题材票风险，昨天我说题材股要崩，很多人不以为意，今天核电、创新药、新消费热门题材暴跌，超过4600家下跌，20家跌停，亏钱 效应拉满。熟悉我的人应该知道，只要我开始提示微盘股风险，后面基本都会跌，这一次有月底结账、季度末机构调仓、7月份量化新规、中报窗口期等诸 多压制，肯定要伤筋动骨的。 再来看今天的重磅消息： 北京时间周四（6月19日）凌晨，美联储宣布将联邦基金利率目标区间维持在4.25%至4.50%之间不变，这是该行连续第四次决定维持利率不变。 备受关注的利率预测"点阵图"显示，19位政策制定者对2024年末利率预期的中位数落在3.75%至4.00%之间，即到年底会在当前的基础上累计降息50个基 点，与 ...

【博时市场点评6月19日】风险偏好收敛，沪深两市调整 6月19日，A股三大指数下跌。截至收盘，上证指数报3362.11点，下跌0.79%；深证成指报10051.97点， 下跌1.21%；创业板指报2026.82点，下跌1.36%；科创100报1022.12点，下跌0.46%。申万一级行业中， 仅石油石化上涨，涨幅为0.86%；纺织服饰、美容护理、轻工制造跌幅靠前，分别下跌2.36%、2.28%、 1.96%。699只个股上涨，4471只个股下跌。 简评：通过深化科创板改革"1+6"政策措施，重启未盈利企业适用科创板第五套标准上市，未盈利的优 质企业可在成长层渡过研发高风险期，盈利达标后转至科创板主层或主板，从而对科创企业形成全生命 周期的资本市场多层次支持链条，有助于提振科创企业发展信心，避免优质企业因盈利门槛外流，促进 资本市场各板块良性互动。 美联储公布6月利率决议，将基准利率维持在4.25%-4.50%不变，连续第四次会议按兵不动，符合市场预 期。美联储表示，对前景的不确定性已减弱，但仍然处于较高水平。美联储将2025年GDP预估下调至 1.4%，同时将通胀预期上调至3%。另外，美联储点阵图显示，202 ...

Report Industry Investment Rating No relevant content provided. Core View of the Report - During the week from June 9 to June 14, 2025, the A - share market continued to fluctuate, with major stock indices generally pulling back. The convertible bond market showed differentiation, with the average daily trading volume rising to 69.61 billion yuan. The market style gradually shifted from theme preference to defensive low - valuation. It is recommended to balance the layout of low - valuation pro - cyclical directions and high - rating large - cap convertible bonds and pay attention to phased opportunities in structural rotation [2][6]. Summary According to Relevant Catalogs Market Theme Weekly Review Equity Theme Weekly Review - The A - share market continued the theme rotation. Resource and pharmaceutical sectors were active. The rare earth permanent magnet index led the rise with a 12.5% increase. The pharmaceutical sector also performed well. However, the technology track was under pressure, with many technology - related indices falling by more than 2%. The short - term capital style switched from technology themes to resource and pharmaceutical sectors [14]. Convertible Bond Weekly Review - The convertible bond market was slightly under pressure, with trading activity continuing to pick up. The ChinaBond Convertible Bond Index fell slightly by 0.02%. Large - cap convertible bonds were more stable. The valuation of low - price convertible bonds was repaired, while that of high - price areas was under pressure. In the primary market, 6 listed companies updated their convertible bond issuance plans, and clause games were active. It is recommended to focus on medium - and low - price individual bonds with underlying stock catalysts and valuation repair space, and also consider high - rating large - cap convertible bonds [17][18]. Weekly Market Tracking Capital Shifts to Pro - cyclical, Structural Market Continues and Trading Heat Differs - Major A - share stock indices pulled back. The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index fell by 0.7%, 1.2%, and 0.8% respectively. The market turnover increased, but the main funds had a net outflow of 1.77 billion yuan per day on average. Pro - cyclical sectors such as non - ferrous metals and petroleum and petrochemicals led the rise, while TMT and consumer sectors pulled back. It is recommended to pay attention to the rotation and repair opportunities of low - valuation sectors and beware of the valuation pull - back risk of high - level sectors [10]. Convertible Bond Market Narrowly Pulls Back, Defensive Sectors Strengthen - The convertible bond market was in shock consolidation. The average daily trading volume rose to 69.61 billion yuan. Capital preferred large - cap high - rating targets. In terms of valuation, low - price convertible bonds were repaired, and high - price areas were under pressure. In the industry, defensive sectors such as agriculture, forestry, animal husbandry, and non - ferrous metals performed strongly. It is recommended to focus on medium - and low - price individual bonds supported by fundamentals [10]. Primary Market Tracking and Clause Games - In the primary market of convertible bonds, there was no new bond listing, only Luwei Convertible Bond entered the application stage. Six listed companies updated their convertible bond plans. In terms of clause games, 12 convertible bonds were expected to trigger downward revisions, 7 announced no downward revisions, and 1 proposed a downward revision. In terms of redemptions, 3 announced expected trigger of strong redemptions, 2 announced early redemptions, and 3 clearly stated no redemptions [10]. Weekly Market Outlook - The A - share market may continue to fluctuate in the short term. Pro - cyclical directions may have relatively advantageous opportunities, and TMT and consumer sectors may attract low - buying funds after the pull - back. For convertible bonds, the activity is stable at a high level, and the market preference shifts to large - cap high - rating targets and theme - game resonance varieties. It is recommended to balance the layout of medium - and high - price convertible bonds with reasonable valuations and medium - and low - price individual bonds with safety margins and elasticity repair space [19]. Convertible Bond Allocation Suggestions - Prioritize the layout of large - cap high - rating convertible bonds with high valuation safety margins and stable coupon structures. Moderately participate in the game opportunities of medium - and low - price, high - elasticity individual bonds, especially those in the consumer and pro - cyclical directions. Control positions, select varieties with short remaining terms and high trading activity to improve liquidity [8].

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，今日沪指跌0.39%，A股成交量431.17亿股，成交金额5593.99亿 元，比上一个交易日减少5.02%。个股方面，1564只个股上涨，其中涨停31只，3713只个股下跌，其中 跌停7只。从申万行业来看，电子、汽车、家用电器等涨幅最大，涨幅分别为0.48%、0.17%、0.04%； 国防军工、石油石化、非银金融等跌幅最大，跌幅分别为2.14%、1.17%、1.15%。（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（跌）股 | 涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 电子 | 0.48 | 763.45 | 26.46 | 逸豪新材 | 20.02 | | 汽车 | 0.17 | 291.75 | 10.34 | 双林股份 | 12.72 | | 家用电器 | 0.04 | 96.00 | 30.11 | 比依股份 | 7.00 | | 银 ...

Group 1 - The report emphasizes the long-term allocation value of Hong Kong dividend stocks, highlighting their resilience amid market volatility and their role as a defensive asset class [1][14][20] - From a comparative perspective, Hong Kong dividend stocks offer a higher dividend yield than A-share counterparts, with the Hang Seng High Dividend Index yielding 8.1% compared to the CSI Dividend Index's 5.8% [2][24][28] - The demand for long-term capital, particularly from insurance funds, is expected to continue supporting the allocation to dividend assets, providing a stable inflow of funds [3][33][34] Group 2 - The China Securities Index for Hong Kong Central State-Owned Enterprises focuses on high-dividend central enterprises, reflecting the performance of companies with stable dividend levels [4][39] - Since 2020, the cumulative return of the China Securities Index for Hong Kong Central State-Owned Enterprises has reached 35.0%, outperforming major A/H indices [5][40][41] - The index is heavily weighted in sectors such as energy and telecommunications, with a notably low exposure to financial and real estate sectors, allowing for differentiated investment strategies [6][46] Group 3 - The Invesco China Securities Index for Hong Kong Central State-Owned Enterprises ETF provides investors with a tool to gain exposure to the Hong Kong central enterprise dividend sector, aiming to closely track the underlying index [8]

Report Industry Investment Rating - Not provided in the document Core Viewpoints - Overseas data shows the cooling of the US economy, but it's not enough to change the Fed's stance. The Middle - East geopolitical instability has raised market risk - aversion. Domestic A - shares are in a state of stock game, with expectations of index repair and attention to policies from the Lujiazui Financial Forum and foreign capital inflows [1][2][11] Summary by Directory 1.行情观点 1.1 Overseas Overnight - The US May retail sales monthly rate was - 0.9%, lower than expected and the previous value, the largest decline since March 2023, mainly due to the drop in car purchases. The May industrial output monthly rate was - 0.2%, also lower than expected and the previous value. The Fed is more concerned about labor - market data and is delaying interest - rate cuts due to internal contradictions. Overnight, the US dollar index rose, US bond yields increased, gold slightly rose, crude oil rose, US stock indexes fell, and the Nasdaq Golden Dragon China Index dropped, with the offshore RMB exchange rate depreciating. Middle - East geopolitical fluctuations increased market risk - aversion [1][4] 1.2 Domestic Market Review - On Tuesday, the Shanghai Composite Index fell 0.4%, the Shenzhen Component Index fell 0.12%, and the ChiNext Index fell 0.36%. The market showed a volatile correction. Although the index decline was limited, individual - stock declines widened. The market was mainly affected by news and in a state of stock game with sector rotation. Coal, public utilities, etc. rose, while pharmaceutical biology, beauty care, etc. fell. The Lujiazui Forum is being held, and policy news is to be focused on [2][5] 1.3 Important News - The US Senate passed a stablecoin bill. Trump mentioned upcoming drug tariffs. 95% of central banks expect gold reserves to rise in the next 12 months. The "Fed whisperer" said the Fed would have been ready to cut interest rates this week without tariff risks. There are ongoing developments in the Israel - Iran conflict, and China announced evacuating citizens from Iran and Israel. China's new - generation manned spacecraft had a successful test [6][7][9] 1.4 Today's Strategy - Pay attention to whether the US will directly attack Iran and the intensification of great - power games. Domestic A - shares are in a stock game. With the expectation of policies from the Lujiazui Financial Forum, the index is expected to repair. Focus on policy news' impact on index trading volume and foreign capital inflows when gold prices are high [11] 2. Futures Market Tracking - The document presents the performance, trading volume, and positions of futures contracts for the Shanghai 50, CSI 300, CSI 500, and CSI 1000 indexes, including data such as closing prices, settlement prices, trading volume changes, and position changes [13][14] 3. Spot Market Tracking - It shows the current points, daily, weekly, monthly, and annual changes, trading volume, and valuation of major stock indexes and sectors. Market - style contributions to the Shanghai 50, CSI 300, CSI 500, and CSI 1000 indexes are also presented, along with charts on market trading volume, turnover rate, and other indicators [36][37][38] 4. Liquidity Tracking - Charts on central - bank open - market operations and Shibor interest - rate levels are provided [53]

6月18日，中东冲突再度升级，油价再度冲高。同类规模领先的油气资源ETF（159309）深V回升，截至13:01，涨幅达0.1%再度翻红，资金持续布局A股油 气板块，油气资源ETF（159309）盘中再度获得净申购1300万份，近10日吸金超4600万元！ 驱动市场波动的关键因素是伊朗为全球重要石油生产国之一，且对全球石油"咽喉"要道——霍尔木兹海峡具有一定的控制权。伊朗每天出口约150万桶石 油，且根据美国能源信息署（EIA）的数据，2024年每天都有大约2000万桶的原油和凝析油经过霍尔木兹海峡运往全球，约占到全球石油贸易的三分之一。 【油气资源ETF（159309）标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 成交额 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 601857 | 中国石油 | 石油石化 | 0.54% | 8.75亿 | 10.04% | | 2 | 600938 | 甲国海油 | 石油石化 | 0.67% | 9.57亿 | 9.57% | | 3 | 600028 ...

Core Viewpoint - The A-share market remains stable despite tensions in the Middle East, continuing a pattern of slow upward movement amidst trade conflict concerns [1][2]. Market Outlook - The window for tariff events is closing, with a new policy window opening in late June, which may lead to a break in the current consolidation pattern if effective policies are implemented [2]. - The market is currently focused on tariff-related expectations, including U.S. court rulings and potential trade negotiations between China and the U.S. [2]. Hot Sectors - Consumption and healthcare sectors are expected to be key areas of focus, with an emphasis on domestic demand expansion as a priority for 2025 [3]. - The robotics sector is anticipated to grow, with advancements in various types of robots and related technologies [3]. - The semiconductor industry is on a path toward domestic production, with attention on equipment, wafer manufacturing, and IC design [3]. - The military industry is expected to see a rebound in orders by 2025, with signs of recovery in various sub-sectors [3]. - The innovative pharmaceutical sector is entering a growth phase after several years of adjustment, with positive profit growth expected [3]. - The AI sector is poised for new catalysts, particularly with updates from emerging models that are competitive with leading international models [3]. Market Review - The A-share market experienced narrow fluctuations, with previous leaders like innovative pharmaceuticals and banking showing signs of adjustment [4]. - Defensive sectors such as coal, utilities, and oil & gas led the market, indicating a shift in investor preference [4]. - Overall, the market maintained a positive earning effect, with over 2200 stocks rising despite some sectors facing declines [4].