（原标题：2025年A股看多，把握主升浪机会） 2024年9月18日开启周线三浪，《2025投资计划·青梅煮酒》指出市场将沿周线级别向4000点附近趋势线密集区挺进。4月7日回踩后新上涨周期展 开，现3浪冲击3562 - 3592区间。大盘在55日均线与紫色趋势线间震荡蓄势，6月23 - 24日形成多级别双金叉及调入点，进入趋势线真空上涨段。 均线系统金叉后多头排列，即便遇3463点压力也是小洗盘，指标高位钝化也不应轻易出局。当前板块轮动呈主升浪节奏，权重板块"先拉后歇"不 宜追涨。建议关注上升通道、均线多头排列个股，把握回档低吸时机。目前是年度计划中好机会，应中线策略应对，勿因短线波动扰乱节奏。 红三兵放量拉升，主升结构清晰 和讯自选股写手 风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构成与和讯相关的任何投资建议。在作出任何投资决定前，投资者 应根据自身情况考虑投资产品相关的风险因素，并于需要时咨询专业投资顾问意见。和讯竭力但不能证实上述内容的真实性、准确性和原创性， 对此和讯不做任何保证和承诺。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 股票名称 板块名称 "固 ...

6月27日涨停分析 今日共54股涨停，连板股总数9只，27股封板未遂，封板率为67%（不含ST股、退市股）。焦点股方面，高标新通联上演"天地板"行情，市场连板高度压缩 至4连板，其中大金融板块弘业期货一字涨停晋级4连板，固态电池概念股大东南T字涨停收获4连板，此外PCB板块的中京电子走出8天5板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 诚邦股份 | 2天2板 | 9.96% | 09:36 | 存储芯片 | | 603316 | | | | | | 农尚环境 | 首板 | 20.00% | 09:42 | 算力+芯片 | | 300536 | | | | | | 和而泰 | 首板 | 10.00% | 10:18 | 参股摩尔 | | 002402 | | | | 线程 | | 太龙股份 | 首板 | 20.01% | 13:59 | 未言体 | | 300650 | | | | 分销 | | 胜科纳米 | 首板 | 19.99% | 14:56 | 次新+芯片 | | 688757 | | | | | | 新恒 ...

春哥祝各位平安吉祥、万事如意。前天收盘文章预测市场震荡，结果昨天上涨被打脸，私密处提到接下 来两天震荡概率大，今日日线回踩，预计短线震荡未结束，支撑位在3400 - 3420点区域。市场突破后回 踩切线是吸纳机会，重点是方向和个股选择。沪指创新高银行股功劳大，但不代表多数人赚钱。接下来 看好金融科技、科技、人形机器人、固态电池、生物医药五大赛道，科技股和人形机器人或补涨。选股 关注超跌+滞涨加热门题材。银行上涨有虹吸效应，但成交量能维持就不是大事。春哥私募圈子分享板 块和个股教学案例，现圈子封闭。还提到上证指数创今年新高、A股总市值刷新纪录，最后分享生活感 悟并提醒操作及风险。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 股票名称 板块名称 ["金融科技（券商）","科技","人形机器人","固态电池","生物医药"] A股市场、银行股、题材股 看多看空（看多） 文章认为市场已形成突破，回踩切线后是投资者逢低吸纳的机会，对于优质超 跌类股票不用在意短期震荡；还看好科技股和人形机器人方向的补涨轮动；场子热起来热钱会涌 向高弹性题材股，因此整体对A股看多。 和讯自选股写手 风险提示：以上内容仅作 ...

Core Viewpoint - The A-share market experienced a decline in the afternoon session, with the Shanghai Composite Index falling approximately 0.7%, while the Shenzhen Component and ChiNext Index saw limited gains [1] Market Performance - The three major A-share indices showed mixed performance in the morning, but collectively weakened in the afternoon, leading to a further decline in the Shanghai Composite Index [1] - By the end of the trading day, the Shanghai Composite Index decreased by 0.7%, the Shenzhen Component increased by 0.34%, and the ChiNext Index rose by 0.47% [1] - The total trading volume in both markets exceeded 1.5 trillion yuan, with over 3,200 stocks closing in the green [1] Sector Performance - The non-ferrous metals sector showed strong performance throughout the day, with significant gains in sectors related to CPO, copper cables, and high-speed connections for computing infrastructure [1] - The banking sector led the decline, with oil and gas, insurance, electricity, and liquor sectors also experiencing notable drops [1] - Solid-state battery and AI application concept stocks underwent adjustments during the trading session [1]

Market Overview - The A-share market is influenced by the recent performance of the US stock market, with major indices showing collective gains and tech stocks, particularly Nvidia, reaching significant market capitalizations [1] - The re-initiation of US-Iran nuclear talks and the unpredictability of Trump's tariff policies may introduce volatility into the market [1] Technical Analysis - The Shanghai Composite Index is experiencing fluctuations between 3430 and 3480 points, with a potential upward trend if trading volume exceeds 1.6 trillion yuan [3] - The ChiNext Index has seen substantial short-term gains, prompting caution regarding profit-taking [3] Fund Flow - Northbound capital recorded a net purchase of 5.03 billion yuan, although there was some outflow in the afternoon [3] - Domestic capital is shifting towards defensive sectors such as military and financial technology, while major outflows are noted in computing, electronics, and automotive sectors [3] Policy Environment - Recent favorable policies include accelerated military asset consolidation and the deepening of digital currency trials, which may present opportunities in related sectors [3] - The upcoming consumption stimulus for replacing old products is expected to benefit the consumer sector [3] Upcoming Events - A press conference commemorating the 80th anniversary of the victory in the War of Resistance is anticipated to boost sentiment in the military sector [4] - The solid-state battery conference on July 3 may highlight relevant companies [4] - The final ruling on US-China tariffs on July 9 could pressure the technology sector [4] Investment Strategy - Investors are advised to focus on policy-driven sectors such as military, digital currency, and AI computing, maintaining a position of around 60% [4] - Aggressive investors may consider increasing their positions to 70% if the index stabilizes above 3450 points, while conservative investors should focus on high-performance stocks like solid-state batteries and AI computing [4]

证券研究报告 东吴证券晨会纪要 东吴证券晨会纪要 2025-06-27 [Table_Tag] 宏观策略 [Table_MacroStrategy] 宏观点评 20250624：Risk-off 阶段开启，risk-on 后转向成长 轮动变化的节奏来看，当前资金形态和风格节奏与 2024 年年初、2024 年 年末以及 2025 年 3 月末的风格轮动或有类似。初期均以 TMT 板块表现 为主，随后在量能逐步收窄的过程中，向上游资源、金融轮换，随后短期 向消费、制造板块和 TMT 等相对强势的板块略反弹，最后轮动回资源和 金融板块。当前宏观经济基本面相对 2024 年末和 2025 年 3 月末并未发 生根本性改变，后续的行业轮动变化的节奏可能延续前期的资金端行为 主导，经历过小盘的提升后，随着小盘轮动到极值，逐步向大盘价值、稳 定板块切换，短期以防御模式应对。 参考今年以来 ETF 净流入的方向， 防御模式下 A50、沪深 300 指数作为底仓，优先选择高股息中更为稳定 的银行、运营商、公用事业、家电龙头等稳定的板块进行防守。在政策力 度加强、市场明朗后，下一步的反攻方向优先选择筹码出清后的成长板 块，往政 ...

证券研究报告 | 2025年06月27日 | 晨会纪要 | | --- | | 数据日期:2025-06-26 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 3448.45 | 10343.47 | 3946.01 | 11721.66 | 2971.78 | 989.97 | | 涨跌幅度（%） | -0.21 | -0.48 | -0.35 | -0.37 | -0.37 | -0.56 | | 成交金额（亿元） | 6030.95 | 9800.56 | 3281.02 | 3370.38 | 5101.82 | 307.35 | $$\overline{{{\mathbb{E}}}}\triangleq\pm\overline{{{\mathbb{E}_{\mathrm{E}}^{\mathrm{E}}}}}$$ 【常规内容】 宏观与策略 固定收益专题研究:2025 年上半年债券行情回顾-债市先抑后扬，信用利 差收窄 固定收益周报:政府 ...

操作策略上，市场仍在有效突破范围内，整体策略以持有做多为主，短期涨幅较高的品种可高抛，如近 期热门的数字货币、固态电池、军工及部分大金融板块。回调后，中期可关注低位方向机会，整体保持 中度偏重度仓位，耐心等待市场回踩，若回踩不破5日均线，是重要上车机会。 6月27日，和讯投顾高璐明称，昨日三大指数集体缩量震荡，深夜国内外市场现新重磅消息，市场后续 走势受关注。消息面上，其一，芯片半导体迎来利好，我国自主研发的龙芯三C6000处理器在北京发 布，性能比肩2023 - 2024年主流产品，采用自主设计的龙架结构系统，不依赖国外技术与境外供应链， 这代表国产替代及CPU等相关方向取得重大进步，有助于推动该方向短期反攻，今日可关注。其二，美 联储降息预期升温，老美商务部经济分析局发布数据后，降息预期明显升温，预测今年可能降息三次， 最快或在9月，此消息推动昨日美股强势反攻，若美联储持续降息，对全球市场是利好。此外，昨日小 米发布最新款汽车U7，三分钟订单破20万，还发布一系列AR眼镜，美股相关板块也上涨，今日也可关 注。 市场方面，今日大概率震荡整理。一方面，外围市场表现力度一般，对A股影响较弱，大宗商品维持震 荡， ...

Core Viewpoint - The market is currently in a strong phase, with a focus on whether it can rebound successfully after a recent adjustment, particularly around the 3440-point level [1] Market Analysis - The index did not continue its significant rise and closed with a small bearish candlestick, indicating a need for a minor adjustment to confirm the recent breakout [1] - As long as market volume remains around 1.5 trillion, the outlook remains bullish; however, a drop back to 1.2 trillion would suggest a more cautious stance [1] Sector Insights - Within the financial sector, there is a distinction between digital currency and internet finance, with digital currency showing resilience during index adjustments, while internet finance is closely tied to index performance [1] - The performance of stocks like 恒宝 is crucial for the continuation of capital flow into the digital currency sector, which may influence overall market sentiment [1] Solid-State Battery Sector - The solid-state battery sector is entering its third phase, with a complete low-tier lineup and some high-tier stocks facing challenges [1] - The ability of stocks like 诺德 to break through resistance levels is critical for sustaining momentum in this sector, as regulatory conditions and market sentiment will play significant roles [1]

国家金融监督管理总局6月26日消息，金融监管总局、中国人民银行近日联合发布《银行业保险业普惠 金融高质量发展实施方案》。实施方案提出，未来五年基本建成高质量综合普惠金融体系，普惠金融促 进共同富裕迈上新台阶。普惠金融服务体系持续优化，普惠信贷体系巩固完善，普惠保险体系逐步健 全。实施方案强调，实现普惠金融高质量发展，必须加强党中央集中统一领导，供给多层次、多样化的 普惠金融服务，持续提升覆盖面和可得性，推动降低综合成本，不断提升普惠金融服务人民群众生产生 活的能力和水平。 ·逾八成银行股创今年以来新高市场进入新中枢波动加大 6月26日，A股市场冲高回落，三大指数均下跌。A股券商板块与港股中资券商板块同步调整，整个A股 市场超3600只股票下跌，逾1600只股票上涨，逾70只股票涨停，市场成交额为1.62万亿元。资金面上， 资金情绪谨慎，沪深两市主力资金净流出超270亿元。分析人士认为，情绪中性、流动性宽松下A股短 期可能延续震荡趋势，但市场韧性有望延续，能否向上突破取决于结构性政策的节奏和效果。 ·悄然"逆袭" 超百只主动权益基金净值创新高 数据显示，截至6月25日，按照基金主代码统计口径，全市场已有超过18 ...