证券时报·数据宝统计，今日有10个行业主力资金净流入，21个行业主力资金净流出。资金净流入金额 最大的行业为国防军工，涨跌幅4.35%，整体换手率4.70%，成交量较前一个交易日变动13.64%，主力 资金净流量33.15亿元；今日资金净流出最大的行业为非银金融，涨跌幅-0.77%，整体换手率1.69%，成 交量较前一个交易日变动-35.15%，主力资金净流量-25.80亿元。（数据宝） 今日各行业主力资金流向一览 | 行业名 | 成交量（亿 | 成交量较昨日增减 | 换手率 | 涨跌幅 | 今日主力资金净流入（亿 | | --- | --- | --- | --- | --- | --- | | 称 | 股） | （%） | （%） | （%） | 元） | | 国防军 | 50.78 | 13.64 | 4.70 | 4.35 | 33.15 | | 工 | | | | | | | 传媒 | 46.05 | 20.53 | 3.15 | 2.82 | 14.41 | | 商贸零 售 | 27.82 | -10.79 | 2.30 | 1.23 | 9.37 | | 汽车 | 55.73 | -0.31 | ...

Market Overview - The A-share market continues to rebound with increased trading volume, and the Shanghai Composite Index reached a new high for the year at 3455.97, up by 1.04% [1][3] - The Shenzhen Component Index rose by 1.72% to 10393.72, while the ChiNext Index increased by 3.11% to 2128.39, indicating strong market performance across various indices [1][3] Sector Performance - The top-performing sectors include Non-bank Financials (up 4.46%), Defense and Military (up 3.36%), and Computers (up 2.99%) [2] - Conversely, the worst-performing sectors were Coal (down 1.00%), Oil and Petrochemicals (down 0.57%), and Transportation (down 0.21%) [2] Concept Index Performance - Leading concept indices included Internet Insurance (up 4.17%), Futures Concept (up 4.12%), and Domestic Aircraft Carriers (up 3.92%) [2] - The lagging concept indices were Combustible Ice (down 1.25%), Glyphosate (down 0.78%), and Russia-Ukraine Conflict Concept (down 0.69%) [2] Future Outlook - The market is expected to maintain its upward trend, supported by strong performance in the financial sector and a favorable macroeconomic environment [4] - The total trading volume in the Shanghai and Shenzhen markets reached 1.6 trillion yuan, an increase of 188.2 billion yuan from the previous trading day, indicating heightened investor activity [4] - Analysts suggest focusing on sectors such as finance, machinery, consumer goods, and TMT (Technology, Media, and Telecommunications) for potential investment opportunities [4]

Group 1 - The market experienced a broad rally, with the military industry and telecommunications leading the gains. The ChiNext Index performed the best, while the Sci-Tech 50 Index lagged behind [3][12]. - The overall market valuation increased, with the broad-based indices showing a general rise. The ChiNext Index is currently at a low valuation compared to its historical levels [15][27]. - The defense and military, electric equipment, and telecommunications sectors saw the highest increases, while real estate, electronics, and retail sectors performed the weakest [12][36]. Group 2 - The relative PE of the ChiNext Index to the CSI 300 has risen, indicating a shift in valuation dynamics favoring the ChiNext [17]. - The overall ERP for the A-share market has slightly decreased but remains within one standard deviation, suggesting continued investment value in A-shares [18]. - Valuations across major industries are diverging, with non-bank financials, coal, non-ferrous metals, telecommunications, electronics, and agriculture at near one-year lows [29][39]. Group 3 - The current valuation of the food and beverage, agriculture, and public utilities sectors is considered relatively cheap based on PE and PB deviation metrics [39][44]. - The current PEG values indicate that dividend and financial sectors have the lowest valuations, suggesting high allocation value [21]. - The popular concepts such as cultivated diamonds, Huawei Harmony, and robotics are currently at high historical valuation percentiles [46].

投资策略 | 定期报告 物来顺应 ——策略周报 0505 研究结论 风险提示 报告发布日期 2025 年 05 月 06 日 | 张书铭 | 021-63325888*5152 | | --- | --- | | 17 | zhangshuming@orientsec.com.cn | | | 执业证书编号：S0860517080001 | | 张志鹏 | zhangzhipeng@orientsec.com.cn | | | 执业证书编号：S0860522020002 | | 段怡芊 | duanyiqian@orientsec.com.cn | | | 执业证书编号：S0860524010001 | | | 香港证监会牌照：BVI649 | | 薛俊 | 021-63325888*6005 | | | xuejun@orientsec.com.cn | | | 执业证书编号：S0860515100002 | | 以稳为主：——策略周报 0428 | 2025-04-28 | | --- | --- | | 缺乏稳定一致预期：——策略周报 0421 | 2025-04-20 | | 市场或仍将保持高波动：— ...

| 板块 | 2024 全年净利润同比增速 | 2024Q4 单季度净利润同比增速 | | --- | --- | --- | | 全部 A 股 | -0.4% | -6.7% | | 非受融 | -13.7% | -51.9% | | 按宽基指数划分 | | | | 沪深 300 | 5.1% | 6.8% | | 中证 500 | -18.9% | -56.7% | | 中证 1000 | -20.2% | -144.3% | | 中证 2000 | -150.0% | -72.9% | | 其他 | -77.8% | -49.6% | | 按中信一级行业划分 | | | | 农林牧渔 | 852.5% | 214.2% | | 商贸零售 | 288.5% | 25.8% | | 非银行金融 | 68.6% | 137.4% | | 电子 | 38.3% | 101.6% | | 综合 | 25.2% | 33.3% | | 汽车 | 22.8% | 45.5% | | 交通运输 | 22.2% | 267.7% | | 电力及公用事业 | 12.4% | -6.1% | | 食品饮料 | 10.1% | ...