Market Performance - The market experienced narrow fluctuations with mixed results among the three major indices, where the Shanghai Composite Index rose by 0.01%, the Shenzhen Component fell by 0.11%, and the ChiNext Index increased by 0.26% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.27 trillion yuan, an increase of 163 billion yuan compared to the previous trading day [1] Index Movement - The Shanghai Composite Index fluctuated between a low of 3388.87 and a high of 3408.20, closing at 3402.66 [2] - There was a tug-of-war around the 3400-point mark, with both bullish and bearish forces actively engaging [3] Sector Performance - Leading sectors included beauty care, IP economy, controllable nuclear fusion, and innovative pharmaceuticals, while sectors such as port shipping, liquor, pork, and coal saw declines [1] - The insurance sector contributed significantly to the index's performance during the early trading session, with major insurance stocks showing positive gains [10][13] Investment Insights - The insurance sector was pivotal in supporting the index, particularly when it dipped below 3400 points, indicating a strategic effort to maintain the index's appearance [13] - The overall market sentiment improved when major stocks rallied, suggesting a correlation between the performance of heavyweight stocks and market mood [15] Sector Highlights - The top-performing sectors included precious metals (+3.26%), beauty care (+2.39%), and new metal materials (+2.37%), with year-to-date gains of 46.22%, 36.75%, and 31.67% respectively [17] - The quantum technology sector is gaining attention, with advancements reported by major companies like NVIDIA and Broadcom, indicating a positive outlook for the industry [18] - The cultural media sector is also seeing increased interest, driven by the rising popularity of IP economy and related entertainment segments [20] Economic Indicators - Recent U.S. CPI data showed lower-than-expected inflation rates, which has bolstered expectations for interest rate cuts by the Federal Reserve, positively impacting gold prices [21]

Market Overview - A-shares experienced a rally in the afternoon, with the ChiNext Index and the STAR Market Index both rising over 1% [1] - The Shanghai Composite Index closed up 0.23% at 3384.1 points, while the Shenzhen Component Index rose 0.58% to 10203.5 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13.172 billion yuan, an increase of nearly 1.4 billion yuan compared to the previous day [1] Sector Performance - The food and beverage sector saw a pullback, with Yanjinpuzi dropping over 8% [1] - Pharmaceutical stocks also weakened, with Jinkai Biotechnology down nearly 10% and Sinovac Biotech falling over 8% [1] - The CPO concept stocks surged, with Shengyi Electronics and Haide Control hitting the daily limit [3][4] - The computing power concept stocks were strong, with Huijin Co. and Qingyun Technology also reaching the daily limit [1][3] - The virtual power plant concept gained traction, with Hengshi Technology and Ankao Zhidian both hitting the daily limit [7][8] - The sports concept remained active, with Jinling Sports achieving a three-day limit increase and Gongchuang Lawn hitting the limit for four consecutive days [9][10] CPO Concept - The CPO concept saw significant gains, with Shengyi Electronics closing at a 20% limit increase [3][4] - Other notable performers included Shijia Photon and Haide Control, both reaching their daily limits [3][4] Virtual Power Plant Concept - The virtual power plant concept also experienced a strong performance, with Hengshi Technology closing at a 20% limit increase [7][8] - Other companies in this sector, such as Ankao Zhidian and Jinzhi Technology, also saw substantial gains [7][8] Sports Sector - The sports sector showed continued strength, with Jinling Sports achieving a 20% limit increase and a cumulative increase of approximately 94% over four days [9][10] - The Jiangsu Province City Football League attracted significant attendance, boosting local tourism and consumption [11] Policy Developments - The National Energy Administration has initiated pilot projects focusing on new power system construction, including virtual power plants and intelligent microgrids [8][9] - The National Development and Reform Commission and the Energy Administration have introduced policies to promote green electricity connections, enhancing the traceability of renewable energy consumption [9]

Market Overview - The Shanghai Composite Index experienced a slight increase of 0.23%, closing at 3384.1 points, while the Shenzhen Component Index rose by 0.58% to 10203.5 points. The ChiNext Index and the STAR Market 50 Index both gained over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 131.72 billion yuan, an increase of nearly 140 billion yuan compared to the previous day [1] Sector Performance - The food and beverage sector saw a pullback, with Salted Fish Shop dropping over 8%. The pharmaceutical sector also weakened, with Jinkai Biotechnology down nearly 10% and Sinovac Pharmaceuticals falling over 8% [1] - The CPO (Co-Packaged Optics) concept stocks surged, with companies like Shengyi Electronics and Haide Control hitting the daily limit [1][4] - The computing power concept stocks were strong, with Huijin Co., Qingyun Technology, and Kehua Data also reaching the daily limit [1] - The virtual power plant concept gained traction, with Jinzhitech and Jicheng Electronics hitting the daily limit [1][8] - The sports concept remained active, with Jinling Sports achieving a three-day consecutive limit up and Gongchuang Lawn hitting the limit for four consecutive days [1][13] CPO Concept - The CPO concept saw significant gains, with Shengyi Electronics closing at a 20% limit up, and other companies like Shijia Photon and Haide Control also reaching their daily limits [4][5] - The demand for CPO solutions is expected to grow, driven by the launch of Broadcom's Tomahawk 6 switch chip, which offers a throughput capacity equivalent to six previous generation chips [6] Virtual Power Plant Concept - The virtual power plant concept stocks experienced a strong rally, with Hengshi Technology and Ankao Zhidian both hitting the daily limit [8][10] - Recent government initiatives, including pilot projects for new power systems, are expected to support the growth of virtual power plants [11] Sports Concept - The sports sector saw a resurgence, with Jinling Sports achieving a 20% limit up and a cumulative increase of approximately 94% over four days [13][15] - The ongoing Jiangsu Province Urban Football League has attracted significant fan attendance, boosting local tourism and consumption [15]

6月5日，A股三大指数走势震荡。科创芯片指数截至发稿涨0.54%。 甬兴证券表示，大厂持续对AI基础设施投资，推动算力产业链行业发展。马斯克近日表示，他预计特 斯拉和xAI将继续从半导体巨头Nvidia和AMD购买芯片，可能还有其他。我们认为，AI需求持续增加产 业链景气度向上，算力产业链将持续受益。受益于新品不断推出，看好AI端侧产业链；受益于新款芯 片不断研发，看好消费电子产业。 中信证券研报认为，近日，博通透露其新一代Tomahawk6交换芯片已启动交付，目前客户需求十分旺 盛。Tomahawk6性能提升显著，可以支持百万XPU的集群部署。网络速率升级与算力集群扩张依然是长 期发展趋势，Tomahawk6的量产有望推动1.6T光模块与数据中心互联(DCI)需求的快速增长。同时此次 Tomahawk6亦发布了共封装光学技术(CPO)版本，有望推动CPO方案的成熟。深入布局高速数通模块、 DCI互联与CPO方案的光模块/器件厂商有望受益。 相关ETF方面，科创芯片ETF（588200）早盘震荡走高，截至发稿涨0.54%，成交额超3.1亿元。成分股 中，睿创微纳涨超4%，南芯科技、翱捷科技-U、复旦微电、思特 ...