主力资金净流出的行业有13个，电子行业主力资金净流出规模居首，全天净流出资金46.40亿元，其次 是医药生物行业，净流出资金为15.79亿元，净流出资金较多的还有银行、国防军工、交通运输等行 业。 商贸零售行业今日上涨3.66%，全天主力资金净流入25.97亿元，该行业所属的个股共97只，今日上涨的 有89只，涨停的有5只；下跌的有6只。以资金流向数据进行统计，该行业资金净流入的个股有59只，其 中，净流入资金超亿元的有6只，净流入资金居首的是中国中免，今日净流入资金9.58亿元，紧随其后 的是永辉超市、东百集团，净流入资金分别为9.57亿元、3.10亿元。商贸零售行业资金净流出个股中， 资金净流出超3000万元的有8只，净流出资金居前的有南京商旅、百大集团、利群股份，净流出资金分 别为1.98亿元、1.50亿元、1.27亿元。（数据宝） 沪指12月19日上涨0.36%，申万所属行业中，今日上涨的有28个，涨幅居前的行业为商贸零售、综合， 涨幅分别为3.66%、2.22%。商贸零售行业位居今日涨幅榜首位。跌幅居前的行业为银行、电子、煤 炭，跌幅分别为0.44%、0.29%、0.29%。 资金面上看，两市主力资 ...

转自：新华财经 日本央行加息25个基点 政策利率达30年来最高水平 盘面上，大消费板块持续拉升，零售、乳业方向领涨，中央商场、上海九百、庄园牧场等多股涨停。智 能驾驶概念走强，浙江世宝4连板。路畅科技4天2板。商业航天概念反复活跃，华体科技2连板。可控核 聚变概念开盘表现强势，王子新材3天2板。下跌方面，影视院线概念走弱，博纳影业大跌。 机构观点 恒生前海基金：从资金动向来看，近期多只宽基ETF获得资金大额净流入，但其结构性特征显著，难以 支撑全面反转，当前行情更多由短期流动性与政策预期驱动，后续仍需等待宏观数据与企业盈利面的验 证。A股整体大概率将震荡上行，中国资产正处于重估的长期趋势中，短期震荡不改长期向好趋势，后 续市场预计仍将走出慢牛行情，建议持续关注科技、消费、高端制造、医药的产业趋势机会。 富荣基金：展望未来半年，A股市场在"十五五"规划开局之年的政策预期下，结构性投资机会或依然丰 富。首先，科技创新与高端制造或仍是核心主线。人工智能产业链的演进将从算力硬件向应用端扩散， AI Agent、具身智能等领域潜力巨大。同时，伴随政策对"新质生产力"的持续支持，智能驾驶、半导 体、国防军工等关键领域的国 ...

Group 1 - The core viewpoint of the article highlights the significant inflow of funds into the CSI A500 ETF, indicating a growing interest in this broad-based index that reflects new economic growth drivers [1] - The CSI A500 Index shows a notable overweight in emerging industries such as electronics, electrical equipment, pharmaceuticals, and national defense compared to the CSI 300 Index, suggesting a shift towards new productive forces in the economy [1] - The CSI A500 ETF tracks the CSI A500 Index, which selects samples from leading companies across various industries, employing an industry-balanced sampling method that reflects both market capitalization and balanced industry distribution [1] Group 2 - The CSI A500 Index is characterized by a higher average overseas revenue ratio, projected at 15% for 2024, highlighting its internationalization attributes [1] - The ETF has seen a net inflow of 2.82 billion units in a single trading session and over 4.4 billion yuan in net inflows over the past 20 days, indicating strong market demand [1] - The fund's holder count is the highest among 38 similar products, with more investors choosing the CSI A500 ETF, suggesting its growing popularity in the market [2]

Core Viewpoint - The U.S. government has increased military spending to $901 billion for the fiscal year 2026, as signed by President Trump [1] Group 1 - The National Defense Authorization Act for fiscal year 2026 has been officially signed [1] - The new military budget represents a significant increase in defense spending [1]

特朗普，有新动作！ 艾萨克曼是美国支付服务商"Shift4支付"的创始人兼首席执行官，也是马斯克的好友。他曾于去年12月 首次被特朗普提名担任美航天局局长，但提名在今年5月底被撤回。11月4日，特朗普再次提名他出任该 职位。 2024年9月，美国太空探索技术公司（SpaceX）发射"龙"飞船展开太空行走任务，艾萨克曼是4名宇航员 之一，并在任务中出舱，完成了全球首次商业太空行走。此次任务由艾萨克曼和SpaceX共同出资。 当地时间12月18日，美国总统特朗普签署了一项行政命令，该命令要求美国人到2028年重返月球。该命 令通过升级发射基础设施和开发商业途径，以在2030年前取代国际空间站，从而刺激私营部门的创新和 投资。 或是受到上述消息刺激，美股商业航天概念股周四集体大涨，Rocket LAB USA涨超11%，AST SpaceMobile涨6.58%，Howmet Aerospace涨3.56%。 同一天，特朗普还签署了总额达9010亿美元的2026财年国防授权法案。另外，美国国防部表示，特朗普 提名约书亚·罗德晋升为将军级别，并任命其为国家安全局局长。 特朗普签令：2028年登月！ 美国白宫当地时间1 ...

Core Viewpoint - President Trump's recent executive order aims for a return to the Moon by 2028, establishing a vision for the U.S. to lead in space exploration, security, and commercial sectors [2][3]. Group 1: Space Exploration Initiatives - The executive order mandates the return of Americans to the Moon by 2028 and the establishment of initial facilities for a permanent lunar outpost by 2030, including the deployment of nuclear reactors on the Moon and in orbit [2][3]. - The order is designed to upgrade launch infrastructure and develop commercial pathways to replace the International Space Station by 2030, stimulating innovation and investment in the private sector [2][3]. - Following the announcement, U.S. commercial space stocks saw significant gains, with Rocket LAB USA rising over 11%, AST SpaceMobile increasing by 6.58%, and Howmet Aerospace up by 3.56% [1]. Group 2: NASA Leadership Changes - The Senate confirmed billionaire astronaut Jared Isaacman as the 15th Administrator of NASA, a position he was previously nominated for by Trump [2]. - Isaacman, known for his role in commercial space missions, is expected to positively influence U.S. commercial space companies like SpaceX [3]. Group 3: Defense Authorization Bill - Trump signed a $901 billion defense authorization bill for fiscal year 2026, which includes measures to increase military personnel salaries and support border security initiatives [4]. - The bill also allocates $400 million annually for military aid to Ukraine over the next two years and includes provisions to enhance missile defense systems [4].

Market Overview - A-shares showed mixed performance on December 18, with the Shanghai Composite Index slightly up by 0.16%, while the Shenzhen Component and ChiNext Index fell by 1.29% and 2.17% respectively. The total trading volume exceeded 1.6 trillion yuan, a decrease of over 150 billion yuan compared to the previous day [1][18]. Banking Sector - The banking sector led the market with significant gains, as 36 out of 42 listed banks saw their stocks rise by over 1%. Major banks like Shanghai Bank and Chongqing Rural Commercial Bank surged over 3%, while the largest bank ETF (512800) increased by 1.85%, recovering three key moving averages [4][21]. - The banking sector's price-to-book (PB) ratio has improved from 0.5 to 0.7 since the low in 2022, indicating potential for further valuation recovery. Despite this, most banks remain below their net asset value [6][23]. - Institutions are optimistic about the banking sector's performance in 2026, driven by favorable macro policies and increased strategic investments from insurance and asset management companies [7][24][25]. Defense and Aerospace Sector - The defense and aerospace sector experienced a significant boost, with the defense ETF (512810) reaching a three-month high, driven by strong inflows of 95.6 billion yuan, the highest among all sectors [10][28]. - Key stocks in the commercial aerospace segment, such as Aopu Optoelectronics and Platinum Power, achieved historical highs, reflecting strong market sentiment and institutional support [26][30]. - Analysts suggest that the upcoming "14th Five-Year Plan" will provide a solid foundation for the defense sector, with expectations of increased demand and investment opportunities [30]. Artificial Intelligence Sector - The AI sector is seeing increased capital inflow, particularly in light of the ongoing demand for AI computing power. The leading AI ETF (159363) experienced a net subscription of 200 million yuan, indicating strong investor interest [1][31]. - Despite a recent pullback in AI stocks, the overall sentiment remains positive, with institutions highlighting the ongoing supply-demand imbalance in AI computing resources [14][35]. - The AI industry is expected to continue its growth trajectory, with significant investments anticipated in the coming years, particularly in light of advancements in AI capabilities and applications [35].

12月18日，A股市场整体震荡分化。 | | | 资金净流入居前的行业 | | | --- | --- | --- | --- | | 行业 | 涨跌幅 | 净流入资金 (亿元) | 资金流入较多个股 | | 银行 | 1. 81% | 75. 68 | 招商银行 | | 国防军工 | 1. 63% | 41. 68 | 航天发展 | | 矢药生物 | 1.02% | 22. 16 | 海王生物 | | 传媒 | 0. 56% | 11. 74 | 三七互娱 | | 交通运输 | 0. 13% | 8. 70 | 上海机场 | | | | 资金净流出居前的行业 | | | 行业 | 涨跌幅 | 净流入资金 | 资金流出较多个股 | | | | (亿元) | | | 电子 | -0. 56% | -188. 14 | 工业富联 | | 电力设备 | -1. 19% | -139.24 | 宁德时代 | | 汽车 | 0. 23% | -50. 19 | 比亚迪 | | 通信 | 0. 35% | -45.90 | 中际旭创 | | 非银金融 | -0. 64% | -45. 40 | 中信证券 | 4.主力资金 ...

12月18日，A股市场整体震荡分化。 截至收盘，上证指数收报3876.37点，上涨0.16%；深证成指收报13053.97点，下跌1.29%；创业板指收报3107.06点，下跌2.17%。两市合计成交 16554.83亿元，较上一交易日减少1556.63亿元。 1. 两市主力资金净流出超290亿元 今日沪深两市主力资金开盘净流出91.88亿元，尾盘净流出53.32亿元，两市全天主力资金净流出291.67亿元。 | | | 沪深两市最近五个交易日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | 尾盘净流入 | 超大单净买入 | | 2025-12-18 | -291. 67 | -91. 88 | -53. 32 | -112. 97 | | 2025-12-17 | -67. 30 | -64. 62 | 33. 23 | 47.03 | | 2025-12-16 | -520. 66 | -188. 21 | -55.16 | -268. 81 | | 2025-12-15 | -360. 27 | -151. ...

Group 1 - Rheinmetall has partnered with ICEYE to fulfill a €1.7 billion ($2 billion) order from the German army for the space sector [1]