科技股还有一个新的投资主线在持续发酵，那就是稳定币赋予了金融科技强有力的拉升动能。御银股份 盘中冲击6连板，雄帝科技涨超16%，恒宝股份、翠微股份等涨停。 港股稳定币概念股昨日午后集体冲高，移卡涨超15%，联易融科技-W涨超8%，中国光大控股涨超2%。 ◎记者 徐蔚 6月5日，A股延续反弹态势，三大指数全线飘红，实现6月以来的"三连阳"。市场在热点切换中放量超 千亿元。近期活跃的大消费热门股出现回落，以算力股为代表的泛科技题材则大力回升，驱动着创业板 指、科创50指数等科技型指数走出领涨态势。 截至收盘，上证指数涨0.23%，报3384.10点；深证成指涨0.58%，报10203.50点；创业板指涨1.17%，报 2048.62点；科创50指数涨1.04%，报996.41点。全市场合计成交额达13170亿元，较上日放量1395亿 元，超2600只个股上涨。 泛科技题材领涨 泛科技题材昨日领涨市场。算力产业链午后走强，CPO、元件、电力物联网、AI PC等方向涨幅居前。 中际旭创、新易盛等股价创阶段新高；胜宏科技股价首次突破百元大关，创下历史新高，收盘报101.01 元/股，全天成交额近69亿元，位居当日A股成 ...

Market Overview - The A-share market has shown a continuous upward trend for three days after the holiday, with today's trading volume reaching 1.3 trillion, indicating the entry of new funds despite being lower than the previous average of 1.5 trillion [1][3] - The market is characterized by a "stock game," where profit-taking occurs among winning stocks, particularly in sectors like innovative pharmaceuticals and new consumer goods, which have seen adjustments [1][3] Trading Volume and Fund Flow - The average trading volume over the past three days was below 1.2 trillion, but the increase to 1.3 trillion today suggests an influx of approximately 100 billion in new funds [3] - Despite the increase in trading volume, the new funds have not absorbed the profit-taking pressure, particularly in the consumer sector, leading to a rebound in oversold sectors like securities and technology [3][5] Market Sentiment and Strategy - The current market sentiment indicates a lack of strong buying power, with today's buying power recorded at 950, which is below the threshold of 1000 needed for a robust rally [5] - There is a significant selling pressure observed, suggesting that if new funds do not continue to flow in, the market could easily shift to a bearish trend [5] Sector Performance - The market has seen a rotation in sector performance, with sectors like blockchain and ST stocks showing strength, while traditional leaders like pharmaceuticals have weakened [7][8] - The analysis indicates that the market may experience further rotation among sectors, and the ability to predict the next leading sector is crucial for investors [7] Key Data Points - The number of stocks hitting the daily limit up was 107 today, with 100 being real limit ups, indicating a mixed performance across sectors [6] - The buying power and selling power metrics show a disparity, with buying power at 950 and selling power at 136, reflecting a cautious market environment [6]

Group 1 - The A-share market showed a collective rise on June 5, with the Shanghai Composite Index up 0.23% to 3,384.10 points, the Shenzhen Component Index up 0.50% to 10,203.50 points, and the ChiNext Index up 1.17% to 2,048.62 points, indicating a structural market where capital is actively competing [1] - The technology sector, particularly in computing power hardware, emerged as a core driver of the market, with stocks like Qingyun Technology hitting the daily limit and others like Shengyi Electronics and Dekeli seeing gains over 15% [2] - The military and industrial sectors experienced a surge, driven by the restructuring concept of the "Zhongbing System," with multiple stocks hitting the daily limit, highlighting these sectors as key areas for short-term capital allocation [2] Group 2 - Policy incentives are a primary catalyst for market momentum, with the Ministry of Industry and Information Technology releasing the "Computing Power Interconnection Action Plan" on May 30, aiming to accelerate the integration of public computing resources [4] - Continuous breakthroughs in the industry are boosting market confidence, exemplified by Nvidia's Q1 earnings report, which reaffirmed the high demand for computing power, and significant advancements in domestic technology, such as Huawei's large-scale model training and Xiaomi's launch of a 3nm chip [4] - The focus of capital allocation is shifting towards technology, with margin financing exceeding 1.8 trillion yuan, indicating strong investor interest in tech stocks, while new funds are being introduced to the market [5]

Market Overview - The market experienced a rebound with the ChiNext Index rising over 1% and a total transaction volume of 1.32 trillion [1] - The computing power industry chain saw a collective surge, with stocks like Dazhi Technology, Founder Technology, Huamai Technology, and Tianjin Printronics hitting the daily limit [1] - Virtual power plant concepts were strong throughout the day, with stocks such as China Electric Xilong and Southern Power Grid also reaching the daily limit [1] - Stablecoin concept stocks saw afternoon gains, with Hengbao Co., Hengyin Technology, and others hitting the daily limit [1] Key Hotspots Computing Power - The computing power sector remained active, with Huamai Technology and Tianjin Printronics hitting the daily limit [4] - The catalyst for this surge was the recent issuance of the "Computing Power Interconnection Action Plan" by the Ministry of Industry and Information Technology [4] - The global server PCB market is projected to grow from $8.2 billion in 2023 to $13.8 billion by 2028, with a compound annual growth rate (CAGR) of 11% [5] Virtual Power Plants - The virtual power plant sector saw significant gains, with stocks like Shun Steel Co. and Southern Power Grid reaching the daily limit [7] - The National Energy Administration has initiated pilot projects focusing on new power systems, including virtual power plants [8] - The trend towards market-oriented electricity trading is expected to enhance the demand for virtual power plants [10] Blockchain - The blockchain sector experienced a notable rise, with stocks such as Hengbao Co. and Cuiwei Co. hitting the daily limit [11] - JD.com has entered the second phase of sandbox testing for its stablecoin, indicating progress in the sector [11] - The demand for U.S. Treasury bonds is expected to increase due to the profitability of stablecoin issuers, which could further enhance the global influence of the U.S. dollar [12] Additional Insights - The sports industry, state-owned enterprise reform, and aerospace sectors showed active performance, while gold and unmanned logistics vehicles faced declines [13] - The trend of data centers considering locations near renewable energy sources is expected to reduce electricity costs and enhance green asset acquisition [9]

6月5日，A股午后震荡上行，创业板指领涨，超2600只个股飘红。 截至收盘，上证指数涨0.23%，深证成指涨0.58%，创业板指涨1.17%。市场全天成交额约1.32万亿元， 较上一交易日增加1395亿元。 板块方面，兵装重组概念、共封装光学、元件、足球概念、电力物联网等板块涨幅居前，大消费概念板 块调整。 个股方面，共创草坪走出"四连板"，金时科技、金陵体育、南华期货、菲林格尔走出"三连板"，金融科 技概念股汇金股份（300368）"20CM"涨停，数字货币概念股恒宝股份、翠微股份涨停。 汇金股份"20CM"涨停 | 板块统计 | | | | | --- | --- | --- | --- | | 全部 | 行业 | 概念 | 风格 地域 | | 9区间回顾 | | 涨幅 ◆ 主力净流入 ◆ 领涨股名称 ▶ | | | 兵装重组概念 | | 8.24% 46972.65万 华强科技 | | | 886101 | | | | | 共封装光学(CPO) | | 33.80亿 生益电子 3.62% | | | 886033 | | | | | 元件 | | 3.62% 11.33亿 生益电子 | | | 8812 ...

Core Viewpoint - The market experienced a rebound with the ChiNext Index leading the gains, reflecting a mixed performance across various sectors and stocks [1] Group 1: Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.29 trillion, an increase of 137.4 billion compared to the previous trading day [1] - The ChiNext Index rose by 1.17%, while the Shanghai Composite Index increased by 0.23% and the Shenzhen Component Index rose by 0.58% [1] Group 2: Sector Performance - The computing power concept stocks saw a collective rebound, with CPO and other related sectors leading the gains, and Shenghong Technology reaching a historical high [1] - Stablecoin concept stocks showed strong performance, with Cuiwei Co., Ltd. hitting the daily limit [1] - Virtual power plant concept stocks were active, with Zhongdian Xinlong and others reaching the daily limit [1] - Consumer stocks experienced a collective adjustment, with Chao Hong Ji hitting the daily limit down [1] Group 3: Sector Gains and Losses - The sectors with the highest gains included CPO, football concept, power IoT, and stablecoin concepts [1] - The sectors with the largest declines included beauty care, food processing, beverage manufacturing, and CRO [1]

Group 1: ETF Performance - The Double Innovation 50 Enhanced ETF (588320) has increased by over 1% as of June 5, 2025, with a cumulative increase of 15.08% over the past year, ranking first among comparable funds [1] - The Science and Technology Innovation 100 Enhanced ETF (588680) also rose by over 1%, with a cumulative increase of 8.21% over the past six months, ranking first among comparable funds [1] - The Double Innovation 50 Enhanced ETF has outperformed its benchmark with an annualized return of 3.95% over the past six months, ranking first among comparable funds [1] Group 2: Policy and Industry Development - The Ministry of Industry and Information Technology is promoting the development of the artificial intelligence industry, emphasizing systematic planning and collaborative advancement to create a favorable ecosystem for innovation [2] - The focus is on strengthening the industrial foundation, enhancing computing power supply, and promoting the deployment of large models in key manufacturing sectors [2] - The global humanoid robot market is projected to reach approximately 1.1665 trillion yuan in 2024, with China's market expected to reach about 2.76 billion yuan, accounting for approximately 2.36% of the global market [2] Group 3: Corporate Developments - On May 25, 2025, Haiguang Information, a component of the Double Innovation 50 ETF, announced a suspension of trading as it plans to merge with Zhongke Shuguang through a share exchange, optimizing the industrial layout from chips to software and systems [3] - The integration of Zhongke Shuguang and Haiguang Information aims to enhance the information industry chain by consolidating high-quality resources [3] Group 4: AI Industry Trends - The AI industry is experiencing upward trends, with significant improvements in reasoning capabilities and the introduction of advanced models such as Claude4 and DeepSeekR1 [4] - The computing power industry is identified as a high-growth sector benefiting from policy and industrial changes, with domestic leaders like Haiguang and Shuguang expected to enhance competition [4] - The focus on core computing power leaders and their ecosystems is recommended for future investment opportunities [4] Group 5: Investment Opportunities - The Double Innovation 50 ETF and Science and Technology Innovation 100 ETF are positioned as a "Science and Technology Asset Upgrade Package," allowing investors to capture excess returns in the technology sector [5]

A股算力概念股持续走强，CPO、铜高速连接、PCB等方向领涨，大位科技、湖北广电涨停，科华数据、华勤技术、工业富联、英维克、锐捷网络等走强。 ETF方面，算力相关ETF霸屏涨幅榜，创业板人工智能ETF华夏涨3.3%，国泰基金通信ETF、创业板人工智能ETF华宝分别涨3.03%和3%，创业板人工智能 ETF南方涨2.99%，华夏基金5G通信ETF、银华基金5GETF分别涨2.98%、2.93%。 | 序号 | 证券代码 | 证券简称 | 今日涨幅% | 年涨跌幅% | 基金管理人 | | --- | --- | --- | --- | --- | --- | | 1 | 128381 | 创业板人工智能ETF华夏 | 3.30 | -6.48 | 天直喜等 | | 2 | 515880 | 通信ETF | 3.03 | -5.13 | 国泰县金 | | 3 | 159363 | 创业板人工智能ETF华宝 | 3.00 | -0.21 | 天三重等 | | 4 | 159382 | 创业板人工智能ETF南方 | 2.99 | 0.29 | 南方基金 | | 5 | 515050 | 5G通信ETF | 2.98 ...

Core Viewpoint - The A-share market is experiencing mixed performance with a slight increase in major indices, while individual stocks show a predominance of declines, indicating a cautious market sentiment [1][2]. Market Overview - As of the midday break, the Shanghai Composite Index rose by 0.08% to 3378.82, the Shenzhen Component Index increased by 0.16% to 10160.75, and the ChiNext Index gained 0.32% to 2031.39 [1][2]. - Overall, more than 3000 stocks in the market declined, reflecting a bearish trend despite the index gains [2]. Sector Performance - The football concept stocks are surging, with Jinling Sports achieving a three-day limit up of 20% [4][5]. - The computing power industry chain is strengthening, with sectors like CPO and copper connections leading the gains [4]. - Other active sectors include virtual power plants, circuit boards, 6G, rare earth permanent magnets, IP economy, and digital currency, while gold, innovative drugs, and new consumption concept stocks are experiencing pullbacks [4]. News Impact - The recent popularity of the Jiangsu Province's first urban football league ("Su Chao") has sparked interest in the A-share market, driving consumer sentiment and regional cultural engagement [6]. - Analyst Wu Jincao from Dongwu Securities notes that the excitement surrounding "Su Chao" reflects emotional consumption linked to regional characteristics, suggesting potential short-term performance for sports-related companies [6]. Capital Flow - Morning net inflows were observed in sectors such as electronics, communications, media, computers, and machinery, while net outflows were noted in pharmaceuticals, banking, transportation, agriculture, and retail [7]. - Specific stocks like Hengbao Co., Shenghong Technology, and Zhongji Xuchuang saw net inflows of 928 million, 700 million, and 620 million respectively [8]. - Conversely, stocks like Debang Co., Ningde Times, and BYD faced net outflows of 644 million, 312 million, and 290 million respectively [9]. Institutional Insights - Guodu Securities suggests that the market is consolidating below the 3400-point level, indicating potential opportunities for investors to enter at lower prices, particularly in new consumption sectors [11]. - Huaxi Securities highlights the market's positive pricing of improved US-China trade relations, while cautioning against the potential volatility of Trump's tariff policies [11].