Core Viewpoint - The A-share market experienced a low opening but closed higher, with the Shanghai Composite Index rising by 0.45% to 3633.99 points, indicating a positive market sentiment despite some sector declines [1] Market Performance - The total trading volume for the Shanghai Composite Index was 707.22 billion yuan, while the Shenzhen Component Index reached 111.78 billion yuan with a 0.64% increase, and the ChiNext Index rose by 0.66% to 235.90 billion yuan [1] - Key sectors that performed well included military equipment, rubber products, and electric motors, while traditional medicine, chemical pharmaceuticals, and medical services saw declines [1] Sector Performance - Top performing sectors: - Military Equipment: Increased by 3.70% with a total trading volume of 443.77 million hands and a transaction value of 92.20 billion yuan [1] - Rubber Products: Increased by 2.91% with a trading volume of 25.79 million hands and a transaction value of 4.43 billion yuan [1] - Electric Motors: Increased by 2.32% with a trading volume of 58.83 million hands and a transaction value of 13.43 billion yuan [1] - Underperforming sectors: - Traditional Medicine: Decreased by 1.93% with a trading volume of 208.43 million hands and a transaction value of 20.74 billion yuan [1] - Chemical Pharmaceuticals: Decreased by 1.15% with a trading volume of 424.26 million hands and a transaction value of 67.13 billion yuan [1] - Medical Services: Decreased by 1.04% with a trading volume of 111.52 million hands and a transaction value of 24.91 billion yuan [1]

| 序号 | 板块 | 张跌幅(%)▼ | 总成交量(万手) ▼ | 总成交额(亿元) ▼ | 净流入(亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 牢工装备 | 3.57 | 1709.77 | 405.32 | 32.71 | 77. | 4 | | 2 | 军工电子 | 3.46 | 871.19 | 187.84 | 22.16 | 60 | 2 | | 3 | 盖金属 | 3.46 | 503.66 | 91.12 | 18.83 | 11 | 0 | | 4 | 自动化设备 | 1.76 | 588.68 | 161.94 | 8.97 | 71 | 18 | | 5 | 游戏 | 1.75 | 836.62 | 129.08 | 22.08 | 17 | б | | 6 | 燃气 | 1.53 | 251.16 | 17.42 | 1.13 | 24 | 3 | | 7 | 电机 | 1.35 | 197.22 | 41.32 | 5.29 | 20 | 3 | | 8 | 通用设备 | ...

Market Performance - A-shares steadily advanced this week, with the ChiNext Index reaching a new high for the year and the Shenzhen Component Index hitting a four-month high, approaching its highest point of the year [1] - Weekly trading volume increased to 7.73 trillion yuan, marking the largest weekly trading volume in three months [1] Fund Inflows - Leverage funds actively entered the market, with most industries under the Shenwan first-level industry classification seeing net buying, particularly the computer industry with over 4.4 billion yuan and the electronics industry with over 3 billion yuan [2] - The electronic, biopharmaceutical, and automotive sectors each received over 20 billion yuan in net inflows, while the non-bank financial sector saw a net outflow of over 8.3 billion yuan [2] Rare Earth Demand - The rare earth sector performed strongly, with the rare earth permanent magnet index reaching a three-and-a-half-year high [3] - Demand for rare earths is expected to grow rapidly due to advancements in humanoid robots and electric vehicles, with estimates suggesting a demand of at least 70,000 tons of neodymium-iron-boron by 2025 [3] Energy Metals - The energy metals sector, including lithium and cobalt, reached a two-year high, with lithium carbonate futures breaking 70,000 yuan/ton, marking a 20% increase from recent lows [4] - Short-term lithium salt supply may decline due to reduced exports from Chile and domestic production halts, leading to a potential price stabilization [4] Biopharmaceutical Sector - The biopharmaceutical sector saw significant gains, with the innovative drug index hitting record highs multiple times this week [6] - Notable stocks in the sector, such as Lianhuan Pharmaceutical and Aosaikang, experienced consecutive trading halts, with some stocks showing year-to-date gains exceeding 200% [6][7] Earnings Forecasts - Several pharmaceutical companies have recently forecasted substantial profit increases for the first half of 2025, with estimates suggesting net profit growth exceeding 19 times for some firms [7]

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 资源传媒行业领涨 A 股震荡整理 ——市场分析 相关报告 《市场分析：通信电子行业领涨 A 股先抑后 扬》 2025-06-18 《市场分析：防御行业领涨 A 股震荡整理》 2025-06-17 《市场分析：成长行业领涨 A 股蓄势震荡》 2025-06-16 联系人： 李智 电话： 0371-65585629 地址： 郑州郑东新区商务外环路10 号18 楼 地址： 上海浦东新区世纪大道 1788 号 T1 座 22 楼 证券研究报告-市场分析 发布日期：2025 年 06 月 19 日 投资要点： ◼ A 股市场综述 周四（06 月 19 日）A 股市场低开低走、小幅震荡整理，早盘股指低 开后震荡回落，盘中沪指在 3354 点附近获得支撑，午后股指维持场 震荡，盘中采掘、石油、燃气以及我文化传媒等行业表现较好；软 件开发、和互联网服务、电子元件以及化学制药等行业表现较弱， 沪指全天基本呈现小幅震荡整理的运行特征。创业板市场周四震荡 回落，创业板成分指数全天表现弱于主板市场。 11701 ◼ ...