Market Overview - The A-share market experienced a slight increase, with the Shanghai Composite Index rising by 0.04% to close at 3965.28, marking a "nine consecutive days" upward trend [1][4] - The Shenzhen Component Index and the ChiNext Index fell by 0.49% and 0.66%, respectively, indicating mixed performance across major indices [2][4] Sector Performance - The top-performing sectors included Oil & Petrochemicals (1.48%), Defense & Military (1.43%), and Banks (1.03%), while the worst-performing sectors were Nonferrous Metals (-1.95%) and Utilities (-1.24%) [3][4] - Concept indices showed strong performance in PEEK Materials (3.23%) and Carbon Fiber (2.52%), while Dairy (-1.90%) and Lithium Extraction (-1.89%) lagged behind [3][4] Future Outlook - The market is expected to continue its upward trend following a phase of adjustment, with a focus on improving liquidity and trading activity as year-end institutional reallocation occurs [6] - Key factors influencing the market include the selection of the new Federal Reserve chair and the implementation of domestic monetary and fiscal policies [6] - A balanced allocation strategy is recommended, with attention to sectors such as Nonferrous Metals, Technology Growth, New Energy, and Dividend Stocks [6] Fiscal Policy Insights - The Ministry of Finance announced a continuation of a more proactive fiscal policy in 2026, emphasizing the need to boost consumption through increased fiscal spending and optimized government bond tools [5] - Specific actions include enhancing the effectiveness of transfer payment funds and improving expenditure structures to support key areas [5]

Group 1 - The leverage funds have significantly increased their positions in A-shares this year, with the margin financing balance exceeding 2.54 trillion yuan, marking a historical high [1][2] - A-shares have seen a net financing inflow of over 6723 billion yuan in the past year, with a notable increase in the last month [2] - The technology sector has become the core allocation direction for leveraged funds, with significant net inflows in the electronics, power equipment, and communication industries [2][3] Group 2 - Individual stocks in the AI industry chain and leading new energy companies have attracted the most leveraged funds, with New Yisheng and CATL receiving substantial net inflows [3] - In the past month, CATL and other key players in the technology sector have continued to see strong net financing inflows, while several companies faced net outflows [3] - The current margin financing balance accounts for 2.58% of the A-share market's circulating market value, which is lower than the historical peak of 4.73% in 2015, indicating a more stable and mature market [4]

Core Points - The Sci-Tech Innovation Board (STAR Market) index rose by 0.04% to close at 1346.32 points, with a total trading volume of 4.33 billion shares and a turnover of 213.62 billion yuan, resulting in an average turnover rate of 2.22% [1] - Among the tradable stocks on the STAR Market, 245 stocks closed higher, with 8 stocks hitting the daily limit up, while 348 stocks closed lower [1] - The highest turnover rate was recorded by Aerospace Huanyu at 36.11%, which closed at a limit up with a trading volume of 1.69 billion yuan [1] Trading Performance - In the high turnover stocks, 50 stocks increased in value today, with Aerospace Huanyu, Ruisheng Technology, and Buke Co., Ltd. closing at the daily limit up [2] - The electronic industry had the most stocks with a turnover rate exceeding 5%, totaling 31 stocks, followed by machinery equipment and national defense industries [2] - Major net inflows were observed in stocks like Xinyuan Technology, Zhenlei Technology, and Huafeng Technology, with net inflows of 388 million yuan, 220 million yuan, and 179 million yuan respectively [2] Stock Data - Aerospace Huanyu (688523) closed at 52.87 yuan with a daily increase of 20.00% and a turnover rate of 36.11% [3] - C Jianxin (688805) closed at 47.16 yuan with a daily decrease of 7.26% and a turnover rate of 28.23% [3] - Other notable stocks include Yuxun Co., Ltd. (688807) with a turnover rate of 26.69% and a slight decrease of 1.42% [3] Fund Flow - A total of 68 stocks received net purchases from leveraged funds recently, with significant increases in financing balances for stocks like Changguang Huaxin and Xinyuan Technology, which saw increases of 506 million yuan and 294 million yuan respectively [2] - Conversely, stocks like Moer Thread and Yuke De experienced significant reductions in financing balances, decreasing by 217 million yuan and 7.4 million yuan respectively [2]

创业板指今日下跌0.66%，报收3222.61点，创业板全日成交额5439.51亿元，比上个交易日减少347.76亿 元。今日可交易创业板股中，605只股收盘上涨，涨幅超过10%的有18只，其中，迈为股份、英飞特、 恒勃股份等5股涨停，涨幅在5%至10%之间的有40只，收盘下跌的有757只，跌幅超10%的有9只，*ST 长药等1股收盘跌停。 证券时报·数据宝统计显示，换手率方面，创业板今日平均换手率为3.76%，换手率区间分布显示，换手 率超过20%的有30只，换手率10%~20%之间的有115只，换手率5%~10%的有242只，换手率1%~5%的有 891只，换手率不足1%的有114只。 换手率最高的是纳百川，该股为上市5日内的新股，收盘涨幅为10.87%，换手率64.26%，日成交额12.90 亿元，全天主力资金净流入1.24亿元；其次是天溯计量，该股为上市5日内的新股，收盘跌幅为9.11%， 换手率60.69%，日成交额8.57亿元，全天主力资金净流出6704.06万元；换手率居前的还有海科新源、 广联航空、佳缘科技等，换手率分别为40.17%、40.10%、38.19%。 统计显示，换手率超20%的高 ...

Market Overview - The Sci-Tech Innovation Board (STAR Market) index rose by 0.04%, closing at 1346.32 points, with a total trading volume of 4.33 billion shares and a turnover of 213.62 billion yuan, resulting in a weighted average turnover rate of 2.22% [1] - Among the tradable stocks on the STAR Market, 245 stocks closed higher, with 8 stocks experiencing a price increase of over 10%, including Ruishun Technology, Buke Co., and Shangwei New Materials, which all hit the daily limit [1] Turnover Rate Analysis - The distribution of turnover rates shows that 5 stocks had a turnover rate exceeding 20%, 17 stocks had a turnover rate between 10% and 20%, and 67 stocks had a turnover rate between 5% and 10% [1] - The stock with the highest turnover rate was Aerospace Huanyu, which closed at the daily limit with a turnover rate of 36.11% and a transaction amount of 1.694 billion yuan [1] Stock Performance - C Jianxin, a newly listed stock, saw a decline of 7.26% with a turnover rate of 28.23% and a net outflow of 65.09 million yuan [1][2] - Among the high turnover stocks, 50 stocks increased in value today, with Aerospace Huanyu, Ruishun Technology, and Buke Co. closing at the daily limit, while Huasheng Lithium Battery and C Jianxin experienced significant declines [2] Sector Performance - In terms of industry distribution, the electronics sector had the highest number of stocks with a turnover rate exceeding 5%, totaling 31 stocks, followed by machinery equipment and national defense industries with 12 and 11 stocks, respectively [2] Capital Flow - A total of 46 high turnover stocks experienced net inflows of main funds, with the highest net inflows recorded for Xinyuan Technology, Zhenlei Technology, and Huafeng Technology, amounting to 388 million yuan, 220 million yuan, and 179 million yuan, respectively [2] - Conversely, stocks with significant net outflows included Shijia Photon, Changguang Huaxin, and Rongbai Technology, with net outflows of 368 million yuan, 345 million yuan, and 340 million yuan, respectively [2] Recent Stock Data - The top stocks by turnover rate on December 29 include: - Aerospace Huanyu: closing price 52.87 yuan, daily increase 20.00%, turnover rate 36.11%, net inflow 69.85 million yuan [3] - C Jianxin: closing price 47.16 yuan, daily decrease 7.26%, turnover rate 28.23%, net outflow 65.09 million yuan [3] - Yuxun Co.: closing price 195.00 yuan, daily decrease 1.42%, turnover rate 26.69%, net inflow 46.15 million yuan [3]

创业板指今日下跌0.66%，报收3222.61点，创业板全日成交额5439.51亿元，比上个交易日减少347.76亿 元。今日可交易创业板股中，605只股收盘上涨，涨幅超过10%的有18只，其中，迈为股份 资金流向方面，高换手率个股中，有15股今日获主力资金净流入，净流入金额较多的有银邦股份 （300337）、英飞特、昊志机电，净流入金额分别为4.28亿元、1.70亿元、1.63亿元，净流出金额较多 的有海峡创新（300300）、神农种业（300189）、东方日升（300118），净流出金额分别为2.44亿元、 1.39亿元、1.32亿元。 换手率最高的是纳百川，该股为上市5日内的新股，收盘涨幅为10.87%，换手率64.26%，日成交额12.90 亿元，全天主力资金净流入1.24亿元；其次是天溯计量，该股为上市5日内的新股，收盘跌幅为9.11%， 换手率60.69%，日成交额8.57亿元，全天主力资金净流出6704.06万元；换手率居前的还有海科新源 （301292）、广联航空（300900）、佳缘科技（301117）等，换手率分别为40.17%、40.10%、 38.19%。 统计显示，换手率超20%的高 ...

12月29日，A股缩量微跌，逾3000只个股收绿，但成交额仍在2.1万亿元上方。有色金属、电力设备等板块拖累科创50、创业板指小幅下挫；石油石化、银 行等板块护盘，沪指微红。 受访人士表示，年末资金避险情绪显著升温，机构正加速向低估值、高股息的防御板块调仓。2025年仅剩两个交易日，市场大概率维持震荡收官，同时为 跨年结构性行情蓄势。操作上延续"哑铃型"均衡配置，一手抓成长弹性，一手抓防御高股息。 沪市跑赢深市 指数涨跌互现，沪指收涨0.04%报3965.28点，创业板指收跌0.66%报3222.61点，深证成指微跌0.49%。科创50微涨，沪深300、上证50、北证50微跌。 量能较上一个交易日减少234.5亿元，今日成交额2.16万亿元。杠杆资金方面，截至12月26日，沪深京两融余额为2.54万亿元。 盘面上，石油天然气、页岩气、航空机场、Chiplet概念、数字货币涨势不错，但锂矿概念、黄金概念、氟化工、磷化工领跌，基础金属、贵金属、稀有金 属、电力、化肥农药跌幅也靠前。 31个申万一级行业中，只有10个收红。石油石化、国防军工、银行、农林牧渔板块均表现不错，洲际油气（600759）、统一股份（6005 ...

格隆汇12月29日丨中兵红箭(000519.SZ)公布，全资子公司山东北方滨海机器有限公司（简称北方滨 海）实施的"XX研发条件及生产能力建设项目"已完成全部建设内容，由相关部门完成了竣工验收，上 述项目的环保、消防、安全设施、职业卫生、建安工程质量和项目档案已于前期按规定和要求完成了专 项验收。近日，该项目收到相关部门通过竣工验收的批复。 ...

12月29日，商业航天带飞军工，主力资金高歌猛进，全天净买入国防军工行业逾81亿元，再度霸居全行 业（申万）首位！ | 序号 | લ્લ્લ્લ | 名称 | 估算权重 | 现价 | 涨跌幅 ▼ | 成交额 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 300699 | 光威复材 | 1.36% | 40.05 | 14.86% | 54.18亿 | | 2 | 002465 | 海格通信 | 1.72% | 15.35 | 10.04% | 32.99亿 | | 3 | 000547 | 航天发展 | 2.19% | 30.98 | 10.01% | 102.99亿 | | 4 | 600118 | 中国卫星 | 2.59% | 88.00 | 10.00% | 133.56 Z | | 5 | 688629 | 华丰科技 | 1.26% | 103.86 | 6.91% | 38.73亿 | | 6 | 300777 | 中简科技 | 0.71% | 38.78 | 5.99% | 19.42亿 | | 7 | 601698 | 中国 通 | 1. ...

Market Overview - The market is characterized by a "dual climate," with the Shanghai Composite Index rising by 0.04% to close at 3965.28 points, marking a "nine consecutive days" increase, while the Shenzhen Component Index fell by 0.49% and the ChiNext Index dropped by 0.66%, indicating a strong performance in Shanghai compared to Shenzhen [1] - The total trading volume across both markets was approximately 2.16 trillion yuan, slightly lower than the previous trading day but still above the 2 trillion yuan mark, suggesting active trading with a notable shift in fund allocation [1] Sector Performance - Leading sectors included banking (+1.03%), oil and petrochemicals (+1.48%), and national defense and military industry (+1.43%), reflecting a preference for low-valuation, high-dividend defensive sectors and policy-driven sectors [2] - Conversely, previously popular sectors such as non-ferrous metals saw an overall decline of 1.95%, with poor performance in electric power equipment, pharmaceuticals, and food and beverage sectors, indicating a shift of funds from high-valuation sectors to those with safety margins [2] Commodity Market Dynamics - The recent bull market in commodities is driven by four core factors: expectations of global liquidity easing (with imminent Fed rate cuts), demand recovery from economic recovery, geopolitical risks increasing safe-haven sentiment, and long-term demand support from the new energy and AI industries for metals like copper and silver [3] - Copper and silver are highlighted as key metals, with copper being essential for AI development and global energy transition, while silver is projected to face a supply shortage exceeding 100 million ounces by 2025, marking the fifth consecutive year of supply deficit [3] Future Market Outlook - The market is expected to maintain a pattern of "index fluctuations and structural differentiation," with the resilience of the Shanghai Composite Index indicating a warm market sentiment, while adjustments in the Shenzhen market suggest that a broad-based rally is unlikely [4] - Suggested investment strategies include focusing on the revaluation trend of resource commodities like copper, aluminum, and silver; investing in sectors with ongoing policy support such as national defense and aerospace; exploring recovery opportunities in financial and real estate sectors with historically low valuations; and holding strong-performing consumer leaders for the long term [4]