以下文章来源于睿知睿见 ，作者睿知睿见 睿知睿见 . 一个好的投资者，其能量一定的积极的，向上的，乐观的！ 别人看着他，就像看着太阳！ 他还能用朴 实易懂的语言，传递正确的投资理念！ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： 睿智睿见 来源：雪球 昨天A股终于站上3500点了，虽然在3500点了，但很多人的持仓可能还在3100点，因为结构化行 情很显著。这对投资者是极大的考验。 3500点以后，市场整体就要奔着去年10月的高点挑战了。 但是请注意， 不大可能一鼓作气就拿下。 一、未来还要磨洋工 上次突破3500点是11月8日。那会全A的成交额在2.6万亿以上！ 这么高的成交额都没有快速突破，为啥？ 因为换手率是3.58%。 今天的成交额只有1.5万亿，换手率是1.2%。 股价=成交额/（换手率*自由流通股本） 两者相比，我们就能发现，现在换手率萎缩得更快，说明 配置资金占比又上了一个台阶。 配置资金买入时的市场特征就是： 低波、低换手，相对较低的成交额。 既然是配置资金占主导，那么市场大概率是走慢牛。继续磨洋工。 今天成交额居前的ETF全是A500，昨天跟大 ...

本周维度来看，微盘股指数依旧表现相对占优，创业板指数表现亮眼，wind微盘股指数上涨2.99%，创业板50、中证1000、创业板指和中证2000指数本周均 涨超2%。中证A500指数上涨0.96%，优于沪深300指数的0.82%。 由于周五的上涨，港股本周录得正涨幅，恒指、恒生科技指数分别涨0.93%和0.62%。 | 序号 | 指数代码 | 指数名称 | 周涨跌幅% | | --- | --- | --- | --- | | 1 | 8841431.WI | 万得微盘股日频等权指数 | 2.99 | | 2 | 399673.SZ | 创业板50 | 2.65 | | 3 | 000852.SH | 中证1000 | 2.36 | | 4 | 399006.SZ | 创业板指 | 2.36 | | 5 | 932000.CSI | 中证2000 | 2.32 | | 6 | 000905.SH | 中证500 | 1.96 | | 7 | 399001.SZ | 深证成指 | 1.78 | | 8 | 000001.SH | 上证指数 | 1.09 | | 9 | 000688.SH | 科创20 | 0. ...

本报告中的信息或所表述的意见并不构成对任何人的投资建议。本报告所载 的资料、工具、意见及推测只提供给客户作参考之用。过去的表现并不代表未来 的表现，未来的回报也无法保证，投资者可能会损失本金。 在任何情况下，我们不对任何人因使用本报告中的任何内容所引致的任何损 失负任何责任，投资者需自行承担风险。此报告中所指的投资及服务可能不适合 阁下，我们建议阁下如有任何疑问应咨询独立投资顾问。 | 标 的 | 平值期权隐 | 排 名 | 标的30天历 | 排 名 | 标的当日 | 排 名 | | --- | --- | --- | --- | --- | --- | --- | | | 含波动率 | | 史波动率 | | 真实波幅 | | | ps2509 | 3.0% | 1 | 2.7% | 2 | 3.9% | 1 | | fg509 | 2.2% | 2 | 2.1% | 5 | 2.9% | 3 | | si2509 | 2.1% | 3 | 2.1% | 4 | 2.6% | 5 | | sc2508 | 2.1% | 4 | 3.1% | 1 | 2.2% | 11 | | ag2508 | 2.0% | ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600519 | 贵州茅台 | 1.61% | 4.28% | | 300750 | 宁德时代 | -0.01% | 2.96% | | 601318 | 中国平安 | 2.64% | 2.46% | | 600036 | 招商银行 | -0.39% | 2.37% | | 000333 | 美的集团 | 1.40% | 1.71% | | 002594 | 比亚迪 | 1.43% | 1.51% | | 600900 | 长江电力 | 1.91% | 1.51% | | 601166 | 兴业银行 | 0.36% | 1.39% | | 201899 | 彩要业 不 | 0.69% | 1.32% | | 300059 | 东方财富 | 4.97% | 1.26% | A500ETF基金紧密跟踪中证A500指数，中证A500指数从各行业选取市值较大、流动性较好的500只证券作为指数样本，以反映各行业最具代表性上市公司证 券的整体表现。 数据显示，截至2025年6月30日，中证A500指数(00051 ...

Core Insights - The rare earth industry is experiencing a significant price increase for related transactions, with two leading companies announcing a price hike for Q3 2025, leading to a bullish market sentiment and increased trading activity in the rare earth sector [1] - The rare earth ETF (516780) saw a record daily trading volume of 207 million yuan on July 10, 2025, indicating strong investor interest [1] - A recent report from Guotou Securities highlights the rigid supply of rare earths and increasing demand, particularly from sectors like electric vehicles and wind power, which is expected to drive prices higher [1][2] Industry Performance - The price of rare earth concentrates has been on a rising trend for four consecutive quarters since Q4 2024, reflecting improved industry conditions [1] - The report notes that the export restrictions on certain rare earth elements have caused significant price surges in Europe, with price differentials exceeding three times between domestic and international markets [1] - The rare earth ETF tracks the performance of companies involved in mining, processing, trading, and application of rare earths, with top constituents including Northern Rare Earth, China Rare Earth, and China Aluminum [1] Market Outlook - The rare earth sector is poised for multiple catalysts due to the recovery in industry conditions and potential supply chain optimizations [2] - Investors are encouraged to consider the rare earth ETF (516780) and its associated funds as a way to capitalize on the opportunities presented by this strategic resource [2]

Group 1 - The "anti-involution" policy is driving industries such as steel, new energy, and building materials to lead the market, with improvements in supply-demand relationships expected to enhance corporate profitability and intrinsic returns [1] - AI is identified as a core driver of technological revolution, creating investment opportunities in media, communications, and electronics, with infrastructure development and application expansion around AI being key to driving A-shares upward [1] - Industrial metal prices are mostly rising with low inventory levels; TMT (Technology, Media, Telecommunications) remains in a high prosperity phase, with DDR5 prices increasing and telecommunications, broadcasting, and internet PMI at high levels [1] Group 2 - Heavy truck sales have seen a year-on-year increase, indicating a positive trend in the automotive sector [1] - Retail sales of home appliances have also shown a year-on-year increase, while the price index for liquor is recovering [1] - Future attention may be directed towards industries with high or improving prosperity, including coal, non-ferrous metals, automotive, home appliances, and food processing [1] Group 3 - The CSI A500 ETF tracks the CSI A500 Index, which includes 500 stocks ranked by total market capitalization, excluding those in the CSI 300 Index, focusing on emerging industry stocks [1] - The index is constructed with an emphasis on ESG exclusion, connectivity, and industry balance to reflect the overall performance of quality mid-cap listed companies in the A-share market [1]

7月10日（周四），A股震荡攀升，地产股掀涨停潮；银行股再度发力，工行、中行、建行、农行等创 历史新高；光模块CPO概念延续活跃态势。截至收盘，上证指数涨0.48%报3509.68点，盘中创9个月新 高；深证成指涨0.47%，创业板指涨0.22%，中证A500指数涨0.44%，市场成交额1.52万亿元。热门ETF 中，A500ETF基金（512050）单日成交额超37亿元位居同类第一，近1周规模增长1.26亿元。 兴业证券策略团队近期研报指出，关税风波后，国内经济呈现超预期韧性，花旗中国经济超预期指数显 著攀升并持续高位运行，大幅高于历史均值水平。并且，近期涉及地产、消费、资本市场等各领域政策 仍在积极发力，持续提振市场风险偏好。值得注意的是，A股进入中报业绩预告披露季，Wind数据显 示，截至7月10日12时，已有147家A股上市公司预告上半年业绩，其中129家预计盈利。工业富联等19 家公司预计归属于母公司所有者的净利润下限高于10亿元。 中国资产持续重估，新一代核心宽基A500ETF基金（512050）助力投资者一键布局A股核心资产。该 ETF所跟踪中证A500指数，采取行业均衡配置与龙头优选双策略，细 ...

Group 1: A500ETF Performance - A500ETF Jiashi has a turnover rate of 7.59% with a transaction volume of 1.107 billion yuan, and the average daily transaction volume over the past month is 3.051 billion yuan [3] - The latest scale of A500ETF Jiashi reached 14.38 billion yuan, with a significant increase of 909 million shares over the past six months [3] - As of July 10, 2025, A500ETF Jiashi's net value has increased by 8.82% over the past six months, with the highest monthly return since inception being 3.55% and the longest consecutive monthly increase being 2 months [3] Group 2: Index and Market Analysis - Pacific Securities notes that the Shanghai Composite Index has successfully broken through 3,500 points, but the current trading volume and volatility are not comparable to the market conditions in late September last year, indicating a more oscillatory upward trend [4] - Multiple indices have broken through their oscillation ranges, but the options volatility remains low, with trading volume around 1.5 trillion yuan, which is inconsistent with the previous year's simultaneous increase in volume and volatility [4] - According to Caixin Securities, the A-share market is currently in a continuation phase of the upward trend since the 9.24 market, showing a wide oscillation pattern, with upcoming policy announcements expected to be crucial for breaking out of this range [4] Group 3: Top Weighted Stocks - The top ten weighted stocks in the CSI A500 Index include Kweichow Moutai, CATL, Ping An Insurance, China Merchants Bank, Industrial Bank, Yangtze Power, Midea Group, Zijin Mining, BYD, and Dongfang Fortune, collectively accounting for 20.67% of the index [3] - The individual stock performances include Kweichow Moutai up by 0.88%, Ping An Insurance up by 2.17%, and BYD up by 1.27%, among others [6] - Investors without stock accounts can access the A500ETF Jiashi linked fund (022454) for exposure to the top 500 A-share companies [6]

Group 1 - A-shares main indices experienced a rapid rise, with the A500 ETF (512050) increasing by 0.82% as of 10:14 AM, driven by strong performances from stocks like Baogang Co. and Northern Rare Earth, which hit the daily limit up [1] - Baogang Co. and Northern Rare Earth announced a price increase for rare earth concentrate for Q3, adjusting the price to 19,109 yuan/ton, a 1.5% increase from Q2's 18,825 yuan/ton [1] - The core assets in A-shares are expected to continue their recovery, supported by China's implementation of counter-cyclical adjustments and moderately loose monetary policy, achieving multiple goals of stabilizing growth, controlling prices, preventing risks, and promoting stability [1] Group 2 - The new generation core broad-based A500 ETF (512050) helps investors easily allocate to core A-share assets, tracking the CSI A500 Index with a strategy that combines industry-balanced allocation and leading stock selection [2] - The ETF covers all sectors and integrates both value and growth attributes, with a natural "dumbbell" investment characteristic, overweighting sectors like electronics, pharmaceuticals, and power equipment compared to the CSI 300 [2]

上证50指数下跌0.08%，沪深300指数上涨0.04%，中证500指数上涨0.05%，中证1000指数上涨0.07%， 科创50指数上涨0.04%，科创综指指数上涨0.05%。对应的宽基ETF方面，上证50ETF基金(510680)持平 0.0%，沪深300ETF(159673)上涨0.09%，中证500ETF(159982)下跌0.13%，1000ETF(159629)下跌 0.23%，科创50增强ETF(588460)上涨0.09%，科创综指ETF(589680)上涨0.52%。 ...