鑫新闻 研究所日报 2026 年 01 月 08 日 星期四 1. 截至2025年12月末，我国外汇储备规模为33579亿美元，环比上升115亿美元，再创2015年12月以 来新高；黄金储备规模为7415万盎司，环比增加3万盎司，为连续第14个月增加。点评：我国外汇储 备规模创出2015年末以来的最高值，主要得益于我国贸易差额持续攀升。另外人民银行持有黄金数量 持续攀升，官方储备资产多元化趋势明显。从全球范围看，2022年以来全球央行总体加速购进黄金， 根据wind统计数据，2022年全球央行净购金量1080吨，2023年1050吨，2024年1089吨，系自有数据以 来的全球央行增持黄金最高的三年，此前最高年度为2018年净购金合计656吨，2025年全球央行购金量 环比降低至634吨，虽然环比下降明显，但对比历史数据仍然居于高位。作为央行储备资产之一，黄金 正在不断挤压美元份额。 2. 央行公告，1月8日将开展11000亿元3个月期买断式逆回购操作。点评：1月8日有11000亿元3个月 期买断式逆回购到期，此次操作将实现等量对冲，也是该政策工具连续第三个月等量续作。央行月初 快速回收OMO存量，其规模降至 ...

1月8日，A股市场光刻机板块表现强势，其中，彤程新材、普利特涨停，沃格光电、华特气体涨超 6%，航天智造涨超5%，常青科技、国风新材、安泰科技、聚石化学涨超4%，南大光电涨超3%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 603650 | 彤程新材 | + | 10.01 | 350亿 | 28.52 | | 002324 | 普利特 | + | 10.00 | 261亿 | 46.47 | | 603773 | 沃格光电 | 事 | 6.33 | 82.99 Z | 4.41 | | 688268 | 华特气体 | 1 | 6.03 | 84.79亿 | 22.81 | | 300446 | 航天智造 | 兼 | 5.26 | 237亿 | 10.50 | | 603125 | 常青科技 | + | 4.80 | 79.51亿 | 16.35 | | 000859 | 国风新材 | 1 | 4.26 | 116亿 | 28.16 | | 000969 | 安泰科技 | 资 | 4.05 | 2 ...

格隆汇1月8日｜A股市场光刻机板块表现强势，其中，彤程新材、普利特涨停，沃格光电、华特气体涨 超6%，航天智造涨超5%，常青科技、国风新材、安泰科技、聚石化学涨超4%，南大光电涨超3%。 ...

A股三大股指集体低开，沪指跌0.2%，创业板指跌0.63%。盘面上，光刻机、脑机接口、医药板块涨幅 居前，有色金属、存储芯片、稀土永磁板块跌幅靠前。 东方证券认为，"十五五"规划将可控核聚变明确纳入国家未来产业体系，标志着其从前沿科学探索正式 升级为战略性科技攻关方向，作为未来产业的重要分支，预计今年投资机会仍然巨大。市场层面来看， 沪综指临近4100点后出现小幅震荡，仍是为了冲关做好准备，尽管上行速度受到延缓，但不影响后市叩 关，未来产业仍是最主要的投资方向。 本文转载自"腾讯自选股"，智通财经编辑：冯秋怡。 中泰证券：科技主线仍有一定延续性 中泰证券表示，展望后市，对科技主线保持谨慎乐观，需布局有较强逻辑的细分领域。1月资金面可能 受税期、信贷投放等影响而阶段性收紧，导致市场波动加大，形成逢低布局的窗口期。后续随着资金面 季节性宽松及产业催化的持续，弹性较高的科技板块有望迎来主升行情。在指数高位震荡、赚钱效应阶 段性走弱的背景下，配置策略更应强调方向选择与节奏控制。就具体方向而言，当前阶段仍可重点关注 机器人、体育及非银板块，而对商业航天等高拥挤方向则不宜盲目追高。 东方证券：沪指临近4100点后上行速度 ...

（原标题：沪指14连阳逼近4100点！商业航天概念股活跃 芯片板块持续上涨） 今天的市场，多天大涨后，放缓了脚步，整体行情偏震荡，一起看看发生了什么事情。 委内瑞拉股市暴涨 1月7日，委内瑞拉股市暴涨超过50%。 委内瑞拉的IBC指数从2026年初的约2,000点飙升到接近3,900点，年初至今上涨超过100%，市场情绪明 显改善。IBC指数是追踪加拉加斯证券交易所表现的主要股指。 商业航天概念股继续活跃，雷科防务6连板，金风科技等涨停。 存储芯片板块持续上涨，恒坤新材20cm涨停，普冉股份、金太阳、上海新阳涨超10%，精智达、园林 股份、盈新发展涨停。 当地时间1月6日，美股存储概念股持续飙升，闪迪盘中涨超24%；美光科技盘中涨幅扩大至近8%，股 价再创历史新高，总市值超3700亿美元。 在委内瑞拉事件发生后，指数的上涨明显加速，市场将此事件视为该国经济与政治可能出现转折的信 号。 市场观察人士表示，这一走势反映出投资者乐观情绪回归，因为与马杜罗相关的政治风险有所缓解。分 析师指出，投资者对委内瑞拉债券和股票的兴趣增长，尤其是在与石油生产、基础设施和金融服务等领 域相关的资产上。 在后马杜罗时代，委内瑞拉庞 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300200 | 高豐新材 | | 19.79 | 62.62亿 | 24.08 | | 688037 | 芯源微 | 1 | 17.91 | 378亿 | 26.23 | | 920489 | 佳先股份 | 3 | 15.23 | 26.02亿 | 5.94 | | 688019 | 安集科技 | 委 | 12.66 | 445亿 | 21.09 | | 300346 | 南大光电 | 每 | 11.61 | 355亿 | 19.65 | | 300054 | 鼎龙股份 | ને | 10.33 | 421亿 | 18.22 | | 002324 | 普利特 | 2 | 10.03 | 237亿 | 33.15 | | 603650 | 彤程新材 | 1 | 10.00 | 318亿 | 16.83 | | 000859 | 国风新材 | 2 | 9.99 | 111亿 | 22.92 | | 603125 | 常青科技 | | 9.98 | 75.87 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300200 | 高盟新材 | | 19.79 | 62.62亿 | 24.08 | | 688037 | 芯源微 | 1 | 17.91 | 378亿 | 26.23 | | 920489 | 佳先股份 | 1 | 15.23 | 26.02亿 | 5.94 | | 688019 | 安集科技 | 兼 | 12.66 | 445 Z | 21.09 | | 300346 | 南大光电 | 1 | 11.61 | 355亿 | 19.65 | | 300054 | 鼎龙股份 | 1 | 10.33 | 421亿 | 18.22 | | 002324 | 普利特 | 1 | 10.03 | 237亿 | 33.15 | | 603650 | 彤程新材 | 1 | 10.00 | 318亿 | 16.83 | | 000859 | 国风新材 | 1 | 9.99 | 111亿 | 22.92 | | 603125 | 常青科技 | | 9.98 | 75.87 ...

Market Overview - The overall market experienced a rise and then a pullback, with the Shanghai Composite Index increasing by 0.07%, marking five consecutive days of gains, and total market turnover exceeding 1.9 trillion yuan [1] - The CSI 300 Index and the CSI A500 Index both rose by 0.2%, while the ChiNext Index and the STAR Market 50 Index increased by 0.4% [1] Sector Performance - Active sectors included photolithography machines, batteries, and energy metals, while tourism and commercial aerospace sectors saw adjustments [1] - In the Hong Kong market, there was a fluctuation with most AI industry chain stocks weakening, and the innovative drug sector experienced a rise followed by a pullback [1] Index Details - The CSI 300 Index consists of 300 stocks from the Shanghai and Shenzhen markets, with a rolling P/E ratio of 14.1 times, placing it in the 62.7 percentile since its inception in 2005 [2] - The CSI A500 Index is made up of 500 securities from various industries, with a rolling P/E ratio of 16.8 times, ranking in the 72.6 percentile since its launch in 2004 [2] - The STAR Market 50 Index, which tracks the top 50 stocks on the STAR Market, has a rolling P/E ratio of 159.3 times, placing it in the 96.2 percentile since its introduction in 2020 [3] - The Hang Seng China Enterprises Index, which includes 50 large and actively traded stocks from mainland China listed in Hong Kong, has a rolling P/E ratio of 10.4 times, ranking in the 63.4 percentile since 2002 [4]

Group 1 - The core viewpoint emphasizes that after reaching the monthly target of 4018, the market is not expected to accelerate quickly but rather enter a consolidation phase to digest overheating and rebuild order through time and turnover [1] - The monthly strategy focuses on avoiding emotional trading and prioritizing discipline, with the goal of managing overheating rather than seeking continuous upward movement [1] Group 2 - The weekly analysis indicates that different indices are in varying stages of consolidation, with the Shenzhen Composite and ChiNext leading the recovery after completing their respective digestion phases, while the Shanghai Composite is in a typical topping structure [2] - The strategy for the week highlights that effective risk control is based on following structural trends rather than making predictions, allowing for fluctuations as long as key support levels are maintained [2] Group 3 - The daily analysis identifies 3918 as a critical resistance level and 3888 as a significant support level, with the market transitioning from a repair phase to a topping phase after stabilizing above 3888 [3][4] - The analysis suggests that the optimal strategy is to monitor the market's behavior around these key levels rather than chasing breakouts, focusing on maintaining strength above 3888 [4] Group 4 - The hourly analysis describes a typical healthy pullback pattern during the upward trend, confirming support levels while digesting short-term profit-taking [5] - It is noted that during strong market conditions, the focus should be on confirmation points rather than emotional trading [5] Group 5 - The rotation of market hotspots is centered around two main lines of attack, particularly in technology hardware and metals, indicating a clear trend in sector performance [6] - The strategy emphasizes understanding the rhythm of sector rotation and selectively investing in strong directions while being patient with underperforming sectors [6] Group 6 - The operational strategy advises focusing on sector trends before individual stock trends, with specific guidelines for managing positions based on moving averages [6] - The mindset should prioritize discipline and adherence to rules, emphasizing that the essence of a slow bull market is not daily gains but consistent adherence to a repeatable strategy [6]

Group 1 - The market has shown a five-day upward trend, but the overall market sentiment remains average, with only a few sectors like photolithography, precious metals, and energy metals performing well [1] - The market is characterized by a divergence where the index is stable, but most individual stocks are not experiencing significant gains [1][2] - The current market environment requires careful selection of investment directions, as choosing the wrong sectors can lead to losses [3] Group 2 - The index is expected to experience fluctuations, with a stable outlook for the first half of the week but potential declines in the latter half [4] - The focus for investment should be on sectors that are trending differently from the index, particularly in the non-ferrous metals segment, including precious and energy metals, which have shown a consistent upward trend [4][5] - For individual stocks, it is advised to select those that align with the index's direction when the market is favorable, and to choose contrary directions when the market is unfavorable [7]