A股今日集体调整，截至收盘，沪指跌0.09%，深成指跌0.85%，创业板指跌0.91%，北证50指数跌 1.45%，沪深京三市成交额32806亿元，较上日放量1625亿元，三市超3700只个股飘绿。 板块题材上， 黄金、有色金属、动物疫苗、保险、油气开采及服务、化工、猪肉板块涨幅居前；商业航天、大飞机、 军工装备、光刻机、半导体、机器人、量子科技、AI手机概念股跌幅居前。 ETF方面，国际金价站上5100美元/盎司，黄金、有色资源股全线爆发，华安基金黄金股票ETF、平 安基金黄金股票ETF基金、黄金股ETF工银、国泰基金黄金股票ETF均涨超8%。有色板块全线上扬，有 色矿业ETF招商、国泰基金矿业ETF分别涨6.31%和6.23%。油气股表现强势，能源ETF广发涨4.39%。 商业航天板块全线回落，卫星ETF、卫星产业ETF和卫星ETF广发分别跌8.16%、7.97%和7.91%。 半导体设备板块走低，半导体设备ETF跌4%。 （责任编辑：贺翀 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅 ...

A股三大指数早盘涨跌不一，截至午盘，沪指涨0.12%，深成指跌0.74%，创业板指跌0.86%，北证 50指数跌0.97%，沪深京三市半日成交额22631亿元，较上日放量3495亿元。全市场超3700只个股下 跌。 板块题材上，黄金、有色金属、禽流感、石油天然气、保险、化工、证券、港口航运板块涨幅居 前；商业航天、军工装备、游戏、光刻机、半导体、人形机器人、AI手机概念股跌幅居前。 ETF方面，国际金价首次站上5000美元/盎司，黄金、有色资源股全线爆发，平安基金黄金股票ETF 基金、黄金股ETF工银、国泰基金黄金股票ETF分别涨7.34%、7.33%、6.95%。油气股表现强势，油气 ETF华泰柏瑞涨6%。 商业航天板块全线回落，卫星ETF、卫星产业ETF和卫星ETF广发分别跌6.85%、6.77%和6.6%。半 导体设备板块走低，半导体设备ETF易方达跌4%。 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@s ...

分析指出，本次调整是前期涨幅过大、估值透支与 "利好出尽"情绪集中释放共同作用的结果。自去年 末以来，板块在"商业航天第一股"上市预期、全球巨头激进技术愿景及国内星座组网计划等多重史诗级 催化下，走出了一轮脱离短期基本面的强劲行情，积累了丰厚的获利盘。当前，随着部分核心催化剂逐 步兑现，市场对产业长期高确定性与短期过高估值之间的平衡点进行重估，资金选择阶段性获利了结， 属于典型的技术性修正。 | 卫星产业ETF | | 159218 | | --- | --- | --- | | 2.082 | | -0.150 -6.72% | | SZSE CNY 11:21:00 交易中 | | ■ / @ + | | 净值走势 | 招商中证卫星产业ETF | | | 文年 17.83% 120日 | | 84.57% | | 5日 0.77% 250日 | | 0.00% | | 20日 32.78% 52周高 | | 2.40 | | 60日 66.83% 52周低 | | 0.98 | | 实时申购随回信息 | 由胸 | 陸回 | | 笔数 | 159 | 30 | | 全额 | 0 | 0 | | 份额 | 1 ...

1月26日，前期炙手可热的卫星与商业航天赛道突现巨震。截至上午11时22分，两融标的卫星产业 ETF(159218)盘中一度暴跌8.06%放量调整迹象明显。板块内人气龙头 信科移动-U、中国卫星、中科星 图等均位居跌幅前列，市场情绪显著降温。然而，与盘面跌势形成鲜明对比的是，据行情数据测算，有 超2.8亿元的资金选择在下跌中逆势涌入该ETF，呈现出"越跌越买"的特征。 | 卫星产业ETF | | 159218 | | --- | --- | --- | | 2.082 | | -0.150 -6.72% | | SZSE CNY 11:21:00 交易中 | | 十八郎 | | 净值走势 | | 招商中证卫星产业ETF | | 文年 | 17.83% 120日 | 84.57% | | 5日 | 0.77% 250日 | 0.00% | | 20日 | 32.78% 52周高 | 2.40 | | 60日 | 66.83% 52周低 | 0.98 | | 实时申购睡回信息 | 由购 | 陸回 | | 笔数 | 159 | 30 | | 全额 | 0 | 0 | | 份额 | 1.63亿 | 3000万 | 风 ...

市场分析称，具体产业布局上，《规划》提出了打造航天发射与试验、火箭制造与测试、卫星制造与检 测应用、航天数据备份与应用、航天技术勤务保障、航天后勤、航天文旅7大产业。《规划》为酒泉商 业航天产业高质量发展提供了规划指导和行动纲领，利好商业航天产业发展。 风险提示：基金有风险，投资需谨慎。 1月23日，卫星板块持续强势。卫星产业ETF(159218)收涨10.00%，前几大权重股方面，中国卫星，航 天电子涨停封板，中国卫通涨9.65%，中科星图涨16.03%。成交额约14.5亿。 | 卫星产业ETF(SZ:159218) 可避 可转 | | | | | | --- | --- | --- | --- | --- | | ¥2.232 +0.203 +10.00% | | 日收盘 D1-23 15:04:21 北京时间 | 1.61 力绿友大注 | | | 赋高:2.232 今开:2.050 | 蛋傳:2.232 | 成交 : 671.70万手 | | | | 是低:2.032 阳收:2.029 | 跌停:1.826 | 成交额:14.47亿 | | | | 梅手:一 市价:2.232 | 单位净值:2.029 ...

A股市场今天（1月23日）上午窄幅震荡，电力设备板块大涨，板块内相关个股掀起涨停潮，成为上午 市场主要亮点之一。 A股电力设备板块大涨 A股市场今天上午窄幅震荡，主要指数涨跌互现。 行业板块和赛道方面，若按照申万一级行业划分，电力设备板块领涨，板块盘中涨幅超过2%，板块内 个股掀起涨停潮。拉普拉斯、奥特维、飞沃科技、迈为股份、东方日升等多股盘中"20cm"涨停，另有 超过20股盘中涨停或涨幅超过10%。 国防军工板块涨幅居前，板块盘中涨幅超过2%，睿创微纳盘中"20cm"涨停，另有国博电子、航天环宇 等多股盘中涨停或涨幅超过10%。 有色金属、传媒、计算机等板块盘中涨幅居前。 通信、电子、家用电器等板块盘中跌幅居前。 概念板块方面，黄金概念、卫星导航概念等多个概念板块涨幅居前。 多只卫星主题的ETF亦大涨，卫星ETF（159206）、卫星产业ETF（159218）、卫星ETF易方达 （563530）等多只卫星主题的ETF盘中涨幅超过8%。 | | 代码 | 名称 | 涨幅% 现价 IOPV | | --- | --- | --- | --- | | | 159206 | 卫星ETF | 9.71 2.125 ...

- The report does not contain any quantitative models or factors, so there are no specific models or factors to summarize - The report primarily focuses on market performance, market sentiment, capital flows, premium and discount rates, institutional attention, and leaderboard data - Market performance: The CSI 500 index performed well among scale indices, while the STAR 100 index performed well among sector indices, and the CSI 500 Growth index performed well among style indices[2][6][7] - Market sentiment: On January 16, 2026, 66 stocks hit the daily limit up, and 61 stocks hit the daily limit down. The closing return of stocks that hit the daily limit yesterday was -0.35%, and the closing return of stocks that hit the daily limit down yesterday was -6.30%. The sealing rate was 56%, and the continuous board rate was 12%[2][13][14][17] - Capital flows: As of January 15, 2026, the balance of margin trading and securities lending was 2.7188 trillion yuan, accounting for 2.6% of the market's circulating market value, and the proportion of margin trading and securities lending transactions in the market's transaction volume was 10.8%[2][19][22] - Premium and discount rates: On January 15, 2026, the ETF with the highest premium was the Semiconductor Equipment ETF Huaxia, with a premium of 1.88%, and the ETF with the highest discount was the Satellite Industry ETF, with a discount of 2.31%. The median annualized discount rates of the main contracts of the SSE 50, CSI 300, CSI 500, and CSI 1000 stock index futures over the past year were 0.70%, 3.79%, 11.11%, and 13.61%, respectively[3][23][26][28] - Institutional attention and leaderboard: The stocks with the most institutional research in the past week were Haitian Ruisheng, Dikang Holdings, Leo Group, Kaisheng Technology, Boying Special Welding, SF Express, Yunnan Germanium Industry, and Shengda Resources. The top ten stocks with net inflows from institutional seats on the leaderboard were Xue Ren Group, Tongyu Communications, Hongxiang Holdings, Yongxi Electronics, Shaanxi Tourism, Taili Technology, Jintaiyang, Hualing Cable, Shenguang Group, and Hengkun New Materials[4][30][32][36][37][39][41]

Core Viewpoint - The satellite industry sector experienced a significant intraday reversal on January 16, with market confidence rebounding after early fluctuations, indicating a positive shift in sentiment and capital flow towards leading stocks like China Satcom and CASIC [1][2]. Market Analysis - The reversal in capital flow is attributed to a combination of short-term risk release and reinforcement of long-term logic, as profit pressures from previous trading days were effectively alleviated [1]. - The reaffirmation of the national mission by the domestic aerospace group, alongside aggressive launch targets from overseas giants and local policy support, has strengthened the consensus on commercial aerospace as a long-term strategic sector [1]. - The satellite industry ETF (159218), which covers the entire industry chain, serves as an important indicator of market confidence in the long-term prospects of commercial aerospace [2]. Capital Flow - The satellite industry ETF saw a shift from outflows to inflows, reflecting a market transition from short-term speculation to a focus on industry leaders with core technologies and real orders [1].

Group 1 - Satellite concept stocks rebounded in early trading, with Zhenlei Technology rising over 7%, Zhongke Xingtu up over 5%, and Siwei Tuxin increasing over 2% [1] - Several satellite-related ETFs rose over 2% due to market influence [1] Group 2 - Specific ETF performance includes: - E Fund Satellite ETF (code: 563530) at 1.703, up 0.047 (2.84%) - Satellite Industry ETF (code: 159218) at 2.080, up 0.055 (2.72%) - GF Satellite ETF (code: 512630) at 1.713, up 0.036 (2.15%) - P Star ETF (code: 563230) at 1.710, up 0.030 (1.79%) - Penghua Satellite ETF (code: 563790) at 1.280, up 0.019 (1.51%) [2] Group 3 - Analysts indicate that China is at a similar stage to SpaceX from 2018 to 2020, entering a period of intensive satellite launches with G60 Qianfan and GW National Grid [2] - Satellite manufacturing is transitioning from laboratory customization to automotive assembly line production, with suppliers providing general-purpose power, communication, and attitude control systems expected to realize performance first [2]

Market Overview - The Shanghai Composite Index fell by 0.6% and the ChiNext Index dropped by 1.02% during the midday session [1] - The total market turnover was 1.8952 trillion yuan, a decrease of 350.6 billion yuan compared to the previous day [1] Sector Performance - AI applications, commercial aerospace, stablecoins, CRO, medical services, and intelligent driving concept stocks all experienced declines, with retail and brokerage sectors leading the losses [1] - In contrast, the energy metals and chemical sectors showed resilience and performed well [1] ETF Performance - The non-ferrous metals sector continued its strong performance, with Southern Fund's non-ferrous metals ETF, GF Fund's rare metals ETF, and non-ferrous mining ETF rising by 2.75%, 2.45%, and 2.4% respectively [1] - The lithium battery sector also saw gains, with ICBC Credit Suisse Fund's lithium battery ETF and GF Fund's battery ETF increasing by 2.42% and 2.3% respectively [1] Declines in Specific Sectors - The commercial aerospace sector experienced a widespread pullback, with satellite industry ETFs and satellite ETFs from GF falling by 9% [1] - The military industry sector declined, with high-end equipment ETFs and military leader ETFs dropping by 5% [1] - The AI applications sector also faced a downturn, with media ETFs decreasing by 5% [1]