盘面上，科技股集体反弹，存储芯片、CPO概念涨幅居前，中际旭创涨超4%；量子技术、光伏、贵金 属板块反弹；AI应用端多数回调，军工、地产、农业板块小幅下跌。 09:22 港股开盘丨恒指跳空高开0.9% 盘面上，科技股集体反弹，存储芯片、CPO概念涨幅居前。 09:29 优必选低开2.3%，此前公告称，拟折让逾一成配售新股筹31亿港元。 09:28 贵金属板块盘初走强，四川黄金、中金黄金涨超3%，晓程科技、山金国际、湖南白银等跟涨。 09:25 A股开盘丨创业板指高开1.42% 上证指数涨0.36%，深证成指涨0.85%，创业板指涨1.42%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 15 | 3850.57 c | 13.81 | 0.36% | | 399001 | 深证成指 | 25 | 12692.09 c | 107.00 | 0.85% | | 399006 | 创业板指 | Wh | 2970.73 с | 41.69 | 1.42% | 恒指跳空高开0.9% ...

A股三大股指集体高开，沪指涨0.36%，创业板指涨0.9%。盘面上，CPO、光刻机、算力租赁等板块涨 幅居前。 这种情况下，调仓的思路不是刻意回避AI叙事，而是尽量选择ROE底部向上趋势性抬升的品种，从这 个角度来看，适度增加对化工、有色、电新这样沉寂比较久且利润率和行业景气度在历史相对低点的行 业，是更优的选择。 另外，AI叙事只是影响了行情斜率而不是趋势。，如果未来AI叙事出现波动，的确可能会带来这些行 业剧烈的波动，但只要ROE能实现从底部开始向上的持续抬升，这种股价波动都只是短期的(相对于那 些ROE在历史高点的行业而言)，不会威胁到本金安全。 招商证券：有色、钢铁、建材是当前可以考虑布局的顺周期选择 机构看后市 中信证券：适度增加化工、有色、电新的仓位，是更优的选择 10月以来市场波动加大，但择时成功率并不高，背后的原因是增量资金的底层结构在发生变化，稳健绝 对收益型资金持续入市在降低传统激进策略择时的有效性。当前真正重要的变量还是企业出海环境的稳 定性以及AI，涉及到的是中美关系以及AI基础设施的投建进程。当前不仅是TMT板块，连有色、化 工、电新的上涨直接或间接都受到AI叙事的影响，而这些板块占 ...

Core Viewpoint - The media industry is the only sector to receive net inflows of capital, while the overall market experiences significant outflows, particularly in the technology and materials sectors [1][2]. Capital Flow Summary - The main capital outflow from the Shanghai and Shenzhen markets today amounts to 985.55 billion yuan, with the ChiNext board seeing a net outflow of 377.44 billion yuan and the CSI 300 index experiencing a net outflow of 267.85 billion yuan [1][2]. - Among the 31 primary industries, all experienced declines, with the comprehensive, non-ferrous metals, and power equipment sectors dropping over 5%. Other sectors like basic chemicals, electronics, and communications fell over 4% [2]. - Only the media industry saw a net inflow of 13.26 billion yuan, while the electronic, power equipment, and computer sectors had the largest outflows, each exceeding 100 billion yuan. Other sectors such as non-ferrous metals, pharmaceuticals, machinery, communications, and non-bank financials also faced significant outflows, each exceeding 42 billion yuan [2]. Individual Stock Performance - In individual stock performance, 37 stocks saw net inflows exceeding 1 billion yuan, with 6 stocks receiving over 3 billion yuan. The leading stock in net inflow was the photolithography concept stock, Kaimete Gas, with 7.75 billion yuan [3]. - The photolithography concept stocks rose against the market trend, with stocks like Guofeng New Materials hitting the daily limit, and Kaimete Gas reaching its limit during trading [3]. - AI application concept stock Yidian Tianxia saw a limit increase with a net inflow of 6.54 billion yuan, with significant buying from specific trading desks [4]. Tail-End Capital Flow - At the market close, there was a net outflow of 143.68 billion yuan, with the ChiNext board experiencing a net outflow of 57.56 billion yuan and the CSI 300 index seeing a net outflow of 41.92 billion yuan [8]. - Among individual stocks, 19 stocks had net inflows exceeding 20 million yuan at the close, with the leading stock being Changxin Bochuang, which had a net inflow of 1.13 billion yuan [8]. - A total of 22 stocks had net outflows exceeding 80 million yuan, with 13 stocks seeing outflows exceeding 1 billion yuan [9].

人民财讯11月21日电，A股三大指数集体低开，沪指跌0.87%，深证成指跌1.76%，创业板指跌2.07%。 盘面上，银行、煤炭、农业等板块涨幅居前；锂矿、存储器、CPO、冰雪旅游、半导体、水产等板块跌 幅居前。 ...

Market Overview - The A-share market opened higher on November 20, with the ChiNext index rising nearly 2% at one point, while the Shanghai Composite Index showed slight gains and the Shenzhen Component and ChiNext indices turned negative [1] - The Shanghai Composite Index was at 3950.10, up 3.36 points or 0.09%, while the Shenzhen Component was at 13069.86, down 10.22 points or 0.08% [2] Brokerage Stocks - Brokerage stocks collectively opened strong, with Shouhua Securities rising over 4%, and China Galaxy and CITIC Securities also showing significant gains [2] - China International Capital Corporation (CICC) plans to merge with Dongxing Securities and Xinda Securities, which may have contributed to the positive sentiment in the brokerage sector [2] Solid-State Battery Concept - The solid-state battery concept saw a surge, with companies like Guanghua Technology, Nord Shares, and Binhai Energy hitting the daily limit, while Shengxin Lithium Energy, Tianhua New Energy, and others also experienced gains [6] - Research reports indicate that solid-state batteries are entering the pilot production phase, benefiting equipment manufacturers, with some already shipping related equipment and validating process routes with downstream clients [8] Lithium Mining Stocks - Lithium mining stocks collectively surged, with Dazhong Mining and Jinyuan Shares both hitting the daily limit, while Shengxin Lithium Energy, Guocheng Mining, and others also saw gains [8] Organic Silicon Concept - The organic silicon sector continued to show strength, with companies like Chenguang New Materials achieving three consecutive daily limits, and others like Yuanxiang New Materials and Hongbai New Materials also rising [8] - A recent seminar indicated that the overall operating rate of the organic silicon industry will be reduced by 30%, with plans to implement this in early December, and a price target for organic silicon DMC set at 13,500 yuan per ton or higher [8] CPO Concept - The CPO concept was active, with Zhongfu Circuit rising over 13%, and other companies like Juguang Technology and Zhongji Xuchuang also experiencing gains [9] - China Aviation Optical-Electrical Technology Co. confirmed its capability in providing CPO-related products and solutions, indicating a strategic focus on meeting customer needs [9] Central Plaza Stock Movement - Central Plaza (600280) experienced significant volatility, with a "Tian Di Ban" pattern observed during trading, following two consecutive daily limits [10][11] - The company announced that its stock price had deviated significantly over three trading days, prompting a review, but confirmed no undisclosed major issues [13]

Core Viewpoint - The A-share market shows mixed performance with significant movements in brokerage stocks and solid-state battery concepts, indicating potential investment opportunities in these sectors [2][3][4]. Brokerage Sector - Brokerage stocks opened strong, with notable gains such as a more than 4% increase in Shichuang Securities, amid news of CICC's plan to merge with Dongxing Securities and Xinda Securities [2][3]. Solid-State Battery Concept - The solid-state battery sector experienced a surge, with companies like Guanghua Technology and Nord Shares hitting the daily limit. The industry is reportedly on the verge of industrialization, benefiting equipment manufacturers [3]. Lithium Mining Sector - Lithium mining stocks collectively rose, with companies like Dazhong Mining and Jinyuan Shares reaching the daily limit. Other firms such as Shengxin Lithium Energy and Ganfeng Lithium also saw gains [4]. Organic Silicon Sector - The organic silicon sector maintained its strength, with companies like Chenguang New Materials achieving significant stock performance. A recent conference indicated a planned 30% reduction in overall operating rates for the industry starting in December [5]. CPO Concept - The CPO concept saw active trading, with companies like Zhongfu Circuit rising over 13%. Zhonghang Optoelectronics confirmed its capability to provide CPO-related products, enhancing its market position [6]. Central Plaza Stock Movement - Central Plaza (600280) experienced a "Tian Di Ban" phenomenon, following a two-day consecutive rise. The company announced that there were no undisclosed significant matters affecting its stock [7]. Aquaculture Sector - The aquaculture index strengthened, with Zhongshui Fisheries achieving a five-day consecutive rise. The company confirmed no undisclosed significant matters affecting its stock [8][9].

Core Viewpoint - The A-share market opened higher with all three major indices showing positive performance, indicating a bullish sentiment among investors [1] Market Performance - The Shanghai Composite Index increased by 0.35% - The Shenzhen Component Index rose by 1.03% - The ChiNext Index saw a significant gain of 1.79% [1] Sector Performance - Leading sectors with notable gains include: - CPO (Consumer Packaged Goods) - Aquaculture - Semiconductors - Memory Storage - Brokerage Firms - Sectors that experienced declines include: - Ice and Snow Tourism - Oil and Gas Extraction - Real Estate - Coal [1]

每日经济新闻 今日创业板内部表现分化，CPO、集成电路等方向局部活跃，新能源方向调整，大盘股表现相对占优。截至收盘，创业板指数、创业板成长指数均上涨 0.3%，创业板中盘200指数下跌0.9%。创业板ETF（159915）今日净申购超1000万份，该产品此前连续三个交易日获资金净流入，合计超21亿元。 ...

Market Overview - On November 19, A-shares opened slightly lower but turned positive, with the Shenzhen Component Index at 13,129.04 (+0.37%), Shanghai Composite Index at 3,955.60 (+0.40%), and ChiNext Index at 3,093.44 (+0.79%) [1] - Sectors such as lithium mining, aquatic products, deep-sea technology, and BC batteries saw significant gains, while sectors like memory chips, perovskite batteries, semiconductor materials, and power batteries experienced declines [1] Individual Stocks - ST Ruihe (002620) hit the daily limit down, with trading volume nearing 200 million yuan, showcasing extreme volatility [1] - Hengguang Co. (301118) reached a daily limit up, with a price increase of 19.98% to 31.58 yuan, driven by the rise in the phosphate chemical sector [3][4] - Jin Yuan Co. (000546) continued its upward trend with a 9.99% increase to 7.60 yuan, attributed to the salt lake lithium extraction concept [5][6] Lithium Sector - The lithium extraction sector remains strong, with companies like Jin Yuan, Salt Lake Co., and Ganfeng Lithium showing notable price increases [5] - The main contract for lithium carbonate futures on the Guangxi Futures Exchange has seen continuous growth, indicating strong market demand [5] Military and Technology Stocks - Military stocks experienced fluctuations, with companies like Yaguang Technology hitting a daily limit up of 20%, and Jianglong Shipbuilding rising over 10% [8] - Microsoft, Nvidia, and Anthropic announced a $30 billion investment in expanding AI capabilities on the Microsoft Azure cloud platform, indicating a strong focus on AI technology [8] Hong Kong Market - In the Hong Kong market, lithium battery stocks rebounded, with Tianqi Lithium rising over 5% and Ganfeng Lithium increasing by more than 4% [10] - The demand for energy storage is expected to improve the supply-demand balance for lithium carbonate significantly in the coming year [10]

今日市场震荡调整，创业板内部表现分化，光伏、锂电等新能源方向集体下挫，CPO、软件等AI产业链方向相对活跃。截至收盘，创业板成长指数下跌 0.9%，创业板中盘200指数下跌1.1%，创业板指数下跌1.2%。资金"越跌越买"，创业板ETF（159915）今日净申购超3.6亿份，该产品此前两个交易日合计净 流入约10亿元。 每日经济新闻 ...