【导读】航运板块反复走强，房地产板块异动拉升 一起来看下最新的市场情况及资讯。 2月25日早盘，三大指数集体高开，截至发稿，沪指涨0.5%，深成指涨0.49%，创业板指涨0.11%，科创综指震荡调整。 板块上来看，航运板块反复走强，房地产板块异动拉升，化工、基本金属、建材等板块震荡拉升；而通信设备、半导体、存储器等板块震荡调整。 港股市场今日震荡走强，恒生指数涨0.34%，恒生科技指数涨0.5%，海尔智家（600690）、小鹏汽车、美团等涨幅居前。 | 名称 | 现价 | 涨跌幅 ▼ | 成交量 | 换手率 | 市福率 | 总市值 | | --- | --- | --- | --- | --- | --- | --- | | 治史八十 | 20.52 | 10.03% | 5057万 | 1.46% | 33.5 | 1093亿 | | 招商南油 | 4.28 | 10.03% | 2.47 亿 | 5.27% | 16.5 | 200亿 | | 招商轮船 | 14.75 | 9.99% | 9035/ | 1.12% | 23.6 | 1191亿 | | 海通发展 | 15.73 | 8.04% | 977 ...

智通财经APP获悉，招商证券发布研报称，短期美伊谈判僵持，军事部署升级拉高风险溢价;中长期来 看，新旧势力交替，全球地缘局势混乱程度加深。原油运输合规市场需求将集中释放，中短期内行业供 给无法及时满足;头部玩家快速提升市占率或改变行业定价逻辑，预计油轮仍有较大弹性空间，建议重 视中远海能(600026.SH，01138)、招商南油(601975.SH)。 欧美持续加大对伊朗、俄罗斯相关船舶制裁 26年2月初，欧盟提出第20轮对俄制裁方案，对俄罗斯原油实施全面的海上服务禁令(取消俄油限价，部 分欧洲船东(约18.5%)需转向长距离合规运输)。截至2月23日,受制裁VLCC为154条，载重吨占全球运力 为16.87%，相比1月底提升0.3%。目前来看，伴随欧美制裁力度持续加大，预计民营影子船东经营难度 加大，部分船况较差船舶可能将退出市场。 SINOKOR大量购船，行业集中度提升，定价能力改善 SINOKOR核心业务涵盖油轮、集装箱、散货三大板块。其因看好VLCC市场，出售集运船队给MSC， 获取数十亿资金扩大VLCC规模。12-1月累计54条二手VLCC船交易，预计大部分被其收购，待所有船 舶交付完毕，SINO ...

截至10:19，成分股仅做展示使用，不构成投资建议。 2月25日，A股市场震荡上行，油气板块再度冲高！截至10:09，高纯度的油气ETF汇添富（159309）涨超2.5%，续创历史新高，盘中强势吸金近5000万元， 延续前两日吸金势头！ 油气ETF汇添富（159309）标的指数成分股多数冲高，通源石油涨超14%，潜能恒信涨超11%，招商轮船、中远海能、洲际油气、招商南油等涨停，杰瑞股 份、中国石油等微涨，中国海油略有回调。 | 序号 | 代码 | 名称 | 甲万一级行业 | 涨跌幅 | 估算权重 | | --- | --- | --- | --- | --- | --- | | 1 | 002353 | 态瑞股份 | 机械设备 | 0.24% | 11.30% | | 2 | 600938 | 中国海油 | 石油石化 | -0.32% | 9.89% | | 3 | 601857 | 中国石油 | 石油石化 | 0.72% | 8.54% | | 4 | 600028 | 中国石化 | 石油石化 | 1.06% | 8.34% | | 5 | 601872 | 招商轮船 | 交通运输 | 9.99% | 7. ...

| 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 5 | 4139.49 | 22.08 | 0.54% | | 399001 | 深证成指 | 1 | 14361.70 | 70.14 | 0.49% | | 399006 | 创业板指 | VW | 3309.77 | 1.51 | 0.05% | | 000300 | 沪深300 | VW | 4725.91 | 18.36 | 0.39% | | 000016 | FJESO | m | 3054.78 | 13.46 | 0.44% | | 000680 | 科创综指 | W | 1791.83 | -6.38 | -0.35% | | 000688 | 科创20 | | 1457.04 | -8.32 | -0.57% | | 899050 | - REFF 0 | | 1531.61 | -3.83 | -0.25% | | 868008 | 万得微盘股指数 ~~ | | 631109.18 | 5154.25 | 0 ...

消息面上，伊朗局势高度紧张，风险升温推动油价上行。2月25日，生意社WTI原油基准价为66.31美元/ 桶，与本月初(65.42美元/桶)相比，上涨了1.36%。 石油ETF鹏华紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相 关上市公司的证券价格变化情况。 数据显示，截至2026年1月30日，国证石油天然气指数(399439)前十大权重股分别为中国石油、中国海 油、中国石化、杰瑞股份、广汇能源、招商轮船、中远海能、洲际油气、九丰能源、新奥股份，前十大 权重股合计占比66.76%。 石油ETF鹏华(159697)，场外联接(A：019827；C：019828；I：022861)。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 国金证券指出，布伦特原油净多持仓回升至2年来高位，1月看涨期权押注升至历史最高值。2025年12月 14日布伦特原油净多持仓仍由于对2026年过剩预期处于2012年以来的低位。截至2026年2月17日布伦特 净多持仓回升至2年来低位。同时由于美国伊朗地缘风险上升，2026年1月布伦特买入看涨期权成交量创 历史最高水平。原油市场当前脱 ...

据交易所数据显示， 招商南油连续两个交易日涨停，晋级2连板。该股今日于9时41分封涨停，成交额 8.44亿元，换手率4.36%。金融界App AI线索挖掘：近期 航运板块表现活跃，油轮运输相关运价出现显 著上涨，租用超大型油轮将中东原油运到中国的价格较年初大幅上升。同时，逆全球化背景下能源贸易 格局持续演变，供应链资产稀缺性和金融属性受到市场关注，相关企业的运价和估值表现引发市场讨 论。 风险提示：连板股波动剧烈，注意追高风险，理性投资！（注：以上由AI基于交易所等公开数据 生成，内容不构成投资建议。） ...

Core Viewpoint - The shipping sector is experiencing a significant rally, with companies like China Merchants Energy Shipping and COSCO Shipping Energy Transportation seeing substantial stock price increases due to soaring oil tanker freight rates, which have reached a nearly six-year high [1] Industry Summary - The global oil tanker freight rates have surged, with the cost of chartering a Very Large Crude Carrier (VLCC) to transport Middle Eastern crude oil to China exceeding $170,000 per day, marking a threefold increase since the beginning of the year [1] - Factors contributing to this price surge include geopolitical tensions, particularly between the U.S. and Iran, changes in global crude oil supply trends, and significant vessel orders from South Korean shipping companies [1] - The current freight rates indicate that oil transportation costs have risen to the highest level since April 2020 [1] Company Summary - Huachuang Securities is optimistic about the upward trend in the oil transportation market, noting a persistent supply vacuum in the industry, with limited VLCC deliveries this year having a minimal impact [1] - The demand catalyst is still anticipated to materialize, and there is significant potential for freight rate increases, leading to continued recommendations for the oil tanker sector [1] - Specific company insights include: - COSCO Shipping Energy Transportation is viewed as a strong rebound candidate due to the rising oil transportation market [1] - China Merchants Energy Shipping is favored for its synergy in oil and bulk shipping [1] - China Merchants South China Shipping is recognized as the largest MR shipowner in the Far East [1]

Group 1 - The port and shipping sector experienced a strong initial surge, with companies such as China Merchants Energy Shipping, COSCO Shipping Energy Transportation, and China Merchants South China Sea Oil reaching their daily price limits [1] - Other companies including Ningbo Ocean Shipping, COSCO Shipping Special Transportation, Air China Ocean Shipping, Nanjing Port, and Ningbo Shipping also saw significant gains [1]

地缘局势动荡叠加行业定价能力提升，看好油轮景气度 油轮行业跟踪报告 周期/交通运输 近期 VLCC 运价创新高，展望未来多重利好仍在持续兑现，建议重视油轮弹性。 证券研究报告 | 行业深度报告 2026 年 02 月 24 日 推荐（维持） 行业规模 | | | 占比% | | --- | --- | --- | | 股票家数（只） | 129 | 2.5 | | 总市值（十亿元） | 3211.6 | 2.9 | | 流通市值（十亿元） | 3013.7 | 3.0 | 3、《招商交通运输行业周报—地缘 情绪推升油运运价，三大航发布 2025 年业绩预告》2026-02-01 | 王春环 | S1090524060003 | wangchunhuan@cmschina.com.c | | --- | --- | --- | | n | 孙修远 | S1090524070005 | | sunxiuyuan@cmschina.com.cn | 肖欣晨 | S1090522010001 | | xiaoxinchen@cmschina.com.cn | 刘若琮 | S1090524110003 | | liur ...

Core Viewpoint - The stock prices of several shipping companies, including China Merchants Energy Shipping Company and China Merchants Jinling Shipyard, have reached new highs, indicating a bullish trend in the shipping sector [1] Group 1: Company Performance - China Merchants Shipping Company has seen its stock price hit the daily limit, achieving a new high [1] - China Merchants Energy and China Merchants South Oil also experienced a daily limit increase in their stock prices [1] - Other companies such as Ningbo Ocean Shipping, China Ocean Shipping Special, Air China Ocean Shipping, Nanjing Port, and Ningbo Shipping have followed suit with price increases [1]