【导读】午后，特变电工10分钟直线涨停 | 880005 张跌家数 | | | | --- | --- | --- | | 日 | 涨停 | 75 | | 涨幅 | > 7% | 142 | | 涨幅 | 5-7% | 86 | | 涨幅 | 3-5% | 201 | | 涨幅 | 0-3% | 1193 | | 跌幅 | 0-3% | 2440 | | 跌幅 | 3-5% | 760 | | 跌幅 | 5-7% | 277 | | 跌幅 | > 7% | 252 | | 其中 跌停 | | 56 | | | | 1622 | | | | 3729 | | 上競賽 千葉奇· 最成交 | | 119 | | | | 5470 | | | | 36988.11亿 | | 总成交量 | | 208321.1万 | | 涨家增减 | | -1113 | | 涨家增幅 | | -40.69% | | 指数量比 | | 1.21 | 此前最火主线——商业航天概念股集体退潮，中国卫通（601698）、航天科技（000901）等多股跌停。消息面上，1月12日晚间，航天宏 图、航天电子（600879）、中国卫星（600118） ...

Market Overview - The three major indices collectively adjusted, with the Shanghai Composite Index ending a 17-day winning streak, closing down 0.64% [1] - The Shenzhen Component Index fell by 1.37%, while the ChiNext Index experienced a decline of 1.96% [1] Trading Data - The Shenzhen Component Index opened at 14,397.69, reached a high of 14,458.89, and closed at 14,366.91, reflecting a decrease of 1.37% [3] - The trading volume for the day was 1.195 billion hands, with a total transaction value of 21,694.11 billion yuan [3] Sector Performance - The total transaction value across the Shanghai, Shenzhen, and Beijing markets reached 36,991 billion yuan, an increase of 541 billion yuan compared to the previous day [5] - Major capital inflows were observed in sectors such as medical devices, gaming, and energy metals, while there were net outflows in consumer electronics, aerospace, and telecommunications [5] Stock Movements - Over 3,700 stocks in the market experienced declines [7] - The AI application concept sector saw gains, with several stocks hitting the daily limit, including Inry Media, Lioo Co., and Shenguang Group [7] - The AI medical concept remained active, with Meian Health achieving three consecutive limit-ups, and stocks like Hongbo Pharmaceutical and Xin Ganjiang also hitting the limit [7] - The power grid equipment sector strengthened in the afternoon, with stocks like Tebian Electric Apparatus and Sanbian Technology reaching the daily limit [7] - Retail concepts showed active performance, with Sanjiang Shopping achieving two consecutive limit-ups [7] - Oil and gas stocks surged during the day, with Zhuan Oil Co. hitting the daily limit and Tongyuan Petroleum rising over 10% [7] - Conversely, sectors such as commercial aerospace and controllable nuclear fusion faced significant declines, with stocks like Shunhao Co. and China Satellite Communications hitting the daily limit [7] - The computing hardware industry chain also saw declines, particularly in the server and CPO segments [7]

【导读】午后，特变电工10分钟直线涨停 中国基金报记者 泰勒 兄弟姐妹们啊，今天的市场，终于退潮了！终究没有练成"降龙十八掌"， 上证指数终结17连阳。虽然今天成交额再创历史新 高、 接近 3.7万亿元，但三大指数出现了回调，此前热门板块纷纷下跌。 一起看看发生了什么事情。 1月13日，市场全天震荡调整。截至收盘， 沪指跌0.64%，深成指跌1.37%，创业板指跌1.96%。 | 880005 张跌家数 | | | | --- | --- | --- | | 글 中 | 涨停 | 15 | | 涨幅 | > 7% | 142 | | 涨幅 | 5-7% | 86 | | 涨幅 | 3-5% | 201 | | 涨幅 | 0-3% | 1193 | | 跌幅 | 0-3% | 2440 | | 跌幅 | 3-5% | 760 | | 跌幅 | 5-7% | 277 | | 跌幅 | > 7% | 252 | | 其中 跌停 | | 56 | | 上涨家数 | | 1622 | | 下跌家数 | | 3729 | | 平盘停牌 | | 119 | | 总品种数 | | 5470 | | 总成交额 | | 3698 ...

截至2026年1月13日 15:00，国证石油天然气指数(399439)上涨0.81%，成分股中海油服上涨6.03%，招商 轮船上涨4.77%，石化油服上涨4.37%，中曼石油上涨3.64%，中国海油上涨3.57%。油气ETF(159697)上 涨1.15%， 冲击4连涨。最新价报1.23元，今日净申购1500万份。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 数据显示，截至2025年12月31日，国证石油天然气指数(399439)前十大权重股分别为中国石油、中国石 化、中国海油、杰瑞股份、广汇能源、招商轮船、新奥股份、九丰能源、中远海能、大众公用，前十大 权重股合计占比67.11%。 消息面上，根据Raytad Energy预测，2025年全球上游勘探开发支出预计在6000亿美元左右，同比下降 4%，其中深水领域投资预计下降6%。得益于我国长期以来的增储上产战略，2019年以来我国原油产量 止跌回升，天然气产量稳步增长，19-24年我国原油产量CAGR为2.2%，天然气产量CAGR为7.3%。 油气ETF(159697)，场外联接 ...

Market Performance - The A-share market experienced a day of volatility, with the Shanghai Composite Index falling by 0.64%, the Shenzhen Component Index down by 1.37%, the ChiNext Index decreasing by 1.96%, and the Sci-Tech Innovation Board Index dropping by 2.66% [1][2]. Sector Performance - The commercial aerospace sector saw a significant decline, with multiple stocks hitting the daily limit down [2][4]. - The computing hardware supply chain faced a downturn, particularly in the server and CPO segments [2]. - Conversely, sectors such as AI applications, innovative pharmaceuticals, medical services, and ultra-high voltage concepts showed strength [2]. Notable Stocks - Oil and gas stocks experienced a rally, with TBEA Co., Ltd. and Zhongyou Co. hitting the daily limit up, and Tongyuan Petroleum rising over 10% [2][3]. - Specific stocks that gained include: - Tongyuan Petroleum: +11.66% to 7.18 - Zhongyou Co.: +10.00% to 9.02 - CNOOC Services: +46.03% to 15.29 [3]. Declining Stocks - The commercial aerospace concept stocks collectively retreated, with companies like China Aerospace Science and Technology and China Satellite Communications hitting the daily limit down [2][4]. - Notable decliners include: - Aerospace Electronics: -10.01% to 28.40 - Putian Technology: -10.01% to 36.78 - Aerospace Long Peak: -10.00% to 26.45 [4]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 3.65 trillion, setting a new historical high, with over 3,700 stocks declining [4]. Capital Flow - Main capital flows showed net inflows into sectors like medical devices, gaming, and energy metals, while there were net outflows from consumer electronics, aerospace, and telecommunications [6]. - Specific stocks with net inflows include: - TBEA Co., Ltd.: +1.846 billion - Haige Communication: +1.661 billion - Zhangqu Technology: +791 million [6]. - Stocks with significant net outflows include: - Goldwind Technology: -5.043 billion - Aerospace Electronics: -4.378 billion - Bluefocus Communication: -2.976 billion [6]. Institutional Insights - Guotai Junan Securities noted that market fluctuations do not alter the slow bull market trend, suggesting a focus on AI and cyclical opportunities [6]. - Jinyuan Securities indicated that the market is in a consolidation phase, recommending attention to undervalued sectors [6]. - Zhongtai Securities projected that the market may exhibit characteristics of bottom lifting and active main lines in the first quarter and beyond [6].

目前，市场最担心的是成交量持续放大之后的调整风险。梳理发现，A股历史上连续超3万亿的情况， 主要集中在2024年10月和2025年8-9月。 ①2024年10月8日(3.48万亿元)天量成交后，市场经历了剧烈的震荡与回调； ②2025年8-9月市场上3万亿成交后，沪指逼近3900点，但冲高回落出现放量滞涨，多空博弈激烈，市场 分歧加剧。 中泰证券表示，长线资金托底，政策推动下市场或维持交投活跃；东方证券认为，热门板块高低切换可 能近期发生，势必引起市场较大波动，仍属于市场正常热点切换行为；华西证券则认为，伴随市场成交 额突破3万亿元，A股震荡中枢再度向上突破，春季做多窗口期有望延续。 盘面上看，商业航天赛道退潮，航天机电、中天火箭、航发科技等多股触及跌停。消息面上，针对持续 上涨行情，多家商业航天板块上市公司于12日发布公告，提醒投资者审慎辨别信息，理性决策，谨慎投 资。不过，多家券商还是集体看好2026年商业航天产业前景。国金证券分析，2026年将是中国商业航天 的"阿尔法元年"。 其他热点方面，创新药概念表现强势，荣昌生物、诺思格等多股20%涨停；贵金属板块反复活跃，明牌 珠宝涨停；油气股再度走高，准油股 ...

消息面上，1月12日，美宣布对与伊朗贸易的国家加征25%关税，并威胁采取军事行动，美伊紧张局势 骤然升级。光大期货指，由于伊朗的特殊地理位置，加之其在中东地区的重要角色，一旦与美国的冲突 加剧，势必会引发地缘紧张情绪的升温，从而造成油价的剧烈波动。更为重要的是，伊朗掌握着海湾地 区石油的运输命脉，霍尔木兹海峡，一旦伊朗因受到威胁而封锁该海峡，势必会斩断中东地区原油的对 外输出的最大途径，并造成供应中断的风险。 山东墨龙（002490）(00568)涨超9%，截至发稿，涨9.34%，报3.98港元，成交额4.12亿港元。 ...

1月13日，石油ETF（561360）涨超0.7%，资金面看，连续5日迎资金净流入，航煤需求增长与地缘风险 或支撑油价。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 每日经济新闻 光大证券指出，美委冲突和伊朗动乱局势升级，地缘政治不确定性为油价提供景气基础。美国加强对委 内瑞拉原油的禁运行动，未来重心将放在控制该国石油生产和销售上；伊朗局势若进一步升级，可能对 其原油生产和出口造成重大影响。长期来看，国际局势持续动荡，地缘政治的不确定性有望支撑油价。 需求方面，IEA预计2026年全球原油需求增长86万桶/日，化工原料需求将主导增长，增量占比有望从 2025年的40%上升至60%。供给端，由于OPEC+暂停增产以及俄罗斯、委内瑞拉原油受制裁加剧，IEA 预计2026年全球原油供给增长240万桶/日。OPEC+ ...

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Group 1 - The core viewpoint emphasizes that Yunnan's economic development relies on its geographical advantages and the need for open policies to enhance high-quality growth, particularly through the establishment of a radiation center towards South Asia and Southeast Asia [1] - The construction of major infrastructure projects over the past decade has significantly improved Yunnan's international connectivity, enhancing its role as a strategic hub in China's "land-sea internal and external linkage" open pattern [1][3] - The establishment of the Kunming International Data Exchange aims to facilitate data element circulation, serving as a key platform for Yunnan's digital economy and enhancing cooperation with South Asia and Southeast Asia [2][3] Group 2 - Yunnan has made substantial progress in building a modern comprehensive transportation system, which includes fully operational highways and railways, as well as an expanding aviation network, thereby supporting the radiation center's construction [3][4] - The "Golden Passage" of the China-Laos Railway has seen over 62.5 million passengers and 72.5 million tons of goods transported in four years, highlighting its effectiveness in facilitating cross-border trade [4] - The efficiency of customs clearance at ports has improved significantly, with the capacity of the Hekou Port reaching 15 million people annually, and the overall clearance time for goods reduced to under 10 minutes [5][6] Group 3 - The integration of transportation and industry in Yunnan is exemplified by the cross-border production cooperation model, which enhances the competitiveness of local agricultural products in Southeast Asian markets [6] - Yunnan's strategy of "big channels driving big openness" is expected to continue, with plans to deepen infrastructure connectivity and cooperation with South Asian and Southeast Asian countries [6]