上周融资净买入金额前十股 来源：Wind 从行业情况来看，上周申万一级31个行业中有29个行业融资余额增加，电子、有色金属、国防军工行业融资净买入金额 居前，分别为158.12亿元、95.62亿元、91.73亿元。仅有食品饮料、公用事业行业出现融资净卖出，净卖出金额分别为 6.49亿元、0.14亿元。 从个股情况来看，上周融资客对285只股票加仓金额超1亿元，加仓居前的10只股票分别为信维通信、中国平安、金风科 技、中信证券、蓝色光标、招商银行、香农芯创、航天动力、澜起科技、烽火通信，分别净买入18.76亿元、18.67亿元、 16.24亿元、14.53亿元、12.87亿元、12.44亿元、10.10亿元、8.76亿元、8.51亿元、7.61亿元。从市场表现上看，上周融资 客加仓居前十的股票涨多跌少，涨幅最大的金风科技涨逾56%。 | 证券代码 | 证券简称 | | 期间涨幅 融资融券余额 | 融资余额(万元) | 融资净买入额 | | --- | --- | --- | --- | --- | --- | | | | (%) | (万元) | | (万元) | | 300136. SZ | 信维通信 | 2 ...

Group 1 - The core viewpoint is that aggressive capital is significantly increasing its positions in the market, with A-share financing balance reaching a historical high of over 2.6 trillion yuan, indicating a heated market sentiment [1] - Leveraged funds are primarily favoring the electronics, non-ferrous metals, and defense industries, with net purchases exceeding 8 billion yuan each in a single week [3] - A recent investor survey shows that over 40% of investors are optimistic about the Shanghai Composite Index reaching 4,200 points next week, with increased confidence in the commercial aerospace and satellite internet sectors [4] Group 2 - The movement of leveraged funds often indicates the strength of short-term market trends, suggesting a potential for volatility if the trend reverses [4] - The strategy recommended includes respecting market trends while remaining cautious, focusing on sectors with sustained capital inflow that align with industry trends, such as electronics and military industry, while avoiding overbought stocks [4] - Attention should be paid to sectors and stocks that have seen significant net repayments of leveraged funds, as this may signal a retreat in market enthusiasm [4]

| 序号 | | | | | --- | --- | --- | --- | | | 证券代码 ◆ | 证券简称 ◆ | 交易日期⇒ | | 1 | 601318.SH | 中国部安 | 2026-01-09 | | 2 | 002202.SZ | 金风科技 | 2026-01-09 | | ന | 300308.SZ | 中际旭创 | 2026-01-09 | | ব | 300418.SZ | 昆仑万维 | 2026-01-09 | | 5 | 600030.SH | 中信证券 | 2026-01-09 | | 6 | 300136.SZ | 信维通信 | 2026-01-09 | | 7 | 300450.SZ | 先导智能 | 2026-01-09 | | 8 | 002173.SZ | 创新医疗 | 2026-01-09 | | ರಿ | 603179.SH | 新泉股份 | 2026-01-09 | | 10 | 300750.SZ | 宁德时代 | 2026-01-09 | 中泰证券研报表示，中国商业航天正从"探索验证"阶段向"成长爆发"期过渡，行业迎来关键发展拐点。预计在"十五五"期间，随着政 ...

- The report introduces a quantitative model named "250-day new high distance" to track market trends and identify investment hotspots. The model is based on momentum and trend-following strategies, emphasizing the effectiveness of monitoring stocks near their 52-week high prices[11][19][20] - The construction process of the "250-day new high distance" model is as follows: Formula: $ 250\text{-day new high distance} = 1 - \frac{Close_t}{ts\_max(Close, 250)} $ Explanation: - $ Close_t $ represents the latest closing price - $ ts\_max(Close, 250) $ represents the maximum closing price over the past 250 trading days If the latest closing price reaches a new high, the distance equals 0; otherwise, it is a positive value indicating the degree of price fallback[11] - The report evaluates the model positively, highlighting its ability to capture market trends and identify leading stocks in various sectors. It references studies by George (2004), William O'Neil, and Mark Minervini, which support the effectiveness of tracking stocks near their high prices[11][19] - The model's testing results show that as of January 9, 2026, major indices such as the Shanghai Composite Index, Shenzhen Component Index, and CSI 500 have a "250-day new high distance" of 0.00%, indicating they are at their peak levels. Other indices like CSI 300 and ChiNext have distances of 0.66% and 0.06%, respectively[12][13][33] - A quantitative factor named "Stable New High Stocks" is constructed to identify stocks with smooth price paths and consistent momentum. The factor incorporates analyst attention, relative price strength, price path smoothness, and sustained new high performance[26][28] - The construction process of the "Stable New High Stocks" factor includes: - Analyst attention: At least five buy or overweight ratings in the past three months - Relative price strength: Top 20% in 250-day price change - Price path smoothness: Evaluated using metrics like price displacement ratio - Sustained new high performance: Average "250-day new high distance" over the past 120 days and the last five days[26][28] - The factor is positively evaluated for its ability to capture stocks with strong and consistent momentum, supported by studies on smooth price paths and investor underreaction to gradual price changes[26][28] - Testing results for the "Stable New High Stocks" factor show that 50 stocks were selected, with the highest representation in cyclical and technology sectors. Notable stocks include Yuanjie Technology, Yaxiang Integration, and Xinwei Communication[29][34]

Market Trends and Highs - The report tracks stocks, industries, and sectors reaching new highs, indicating market trends and hotspots [1][4] - As of January 9, 2026, major indices such as the Shanghai Composite and Shenzhen Component are at 0.00% distance from their 250-day highs, while the CSI 300 is at 0.66% [5][23] - Among the CITIC first-level industry indices, home appliances, defense, non-ferrous metals, media, and electronics are closest to their 250-day highs, while food and beverage, banking, pharmaceuticals, real estate, and utilities are further away [8][24] High-Performing Stocks - A total of 911 stocks reached 250-day highs in the past 20 trading days, with the highest numbers in machinery, electronics, and basic chemicals [2][13] - The highest proportion of new high stocks is found in the defense, non-ferrous metals, and oil and petrochemical sectors, with respective proportions of 48.36%, 43.09%, and 32.00% [13][24] - The manufacturing and technology sectors have the most stocks reaching new highs this week, with respective counts of 323 and 241 [15] Stable High-Performing Stocks - The report identifies 50 stable high-performing stocks based on analyst attention, relative strength, price path stability, and continuity of new highs [3][19] - The cyclical and technology sectors have the most stocks selected, with 22 and 14 respectively, and the non-ferrous metals and electronics industries leading within these sectors [19][24]

Market Overview - The Shanghai Composite Index rose by 0.92% on January 9, with 29 out of the 31 sectors experiencing gains, led by the media and comprehensive sectors, which increased by 5.31% and 3.60% respectively [1] - The electronic sector also saw a rise of 0.91%, while the banking and non-bank financial sectors faced declines of 0.44% and 0.20% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets reached 24.126 billion yuan, with 8 sectors experiencing net inflows [1] - The media sector led the net inflow with 9.703 billion yuan, followed by the non-ferrous metals sector, which saw a net inflow of 4.552 billion yuan [1] - In contrast, 23 sectors experienced net outflows, with the electronic sector facing the largest outflow of 9.149 billion yuan, followed by the power equipment sector with an outflow of 8.936 billion yuan [1] Electronic Sector Performance - Within the electronic sector, 476 stocks were tracked, with 319 stocks rising and 147 stocks declining [2] - Notably, 3 stocks hit the daily limit up, while 24 stocks had net inflows exceeding 100 million yuan, with Lens Technology leading at 603 million yuan [2] - Other significant net inflows were observed in Changdian Technology and Haiguang Information, with inflows of 513 million yuan and 457 million yuan respectively [2] Electronic Sector Outflow Analysis - The electronic sector also had significant outflows, with 38 stocks experiencing net outflows exceeding 100 million yuan [3] - The stocks with the largest outflows included Xinwei Communication, with an outflow of 1.541 billion yuan, followed by SMIC and Shenghong Technology with outflows of 862 million yuan and 615 million yuan respectively [3]

（文章来源：证券时报网） 数据宝统计，截至14:40，信维通信成交额152.74亿元，超150亿元。最新股价上涨1.81%，换手率 23.98%。上一交易日该股全天成交额为120.65亿元。（数据宝） ...

Group 1 - The 6G index experienced a 2% increase during intraday trading, indicating strong market interest in 6G technology stocks [1] - Aerospace Hongtu saw a significant rise of 12%, reflecting positive investor sentiment towards the company [1] - AsiaInfo Security and Zhongke Star Map also performed well, with increases of 8.04% and 7.62% respectively, showcasing a trend of growth among key players in the sector [1] - Shenglu Communication and Xinwei Communication both rose by over 6%, further highlighting the active performance of 6G-related stocks [1]

Market Overview - A-shares exhibited mixed performance on the 8th, with the Shanghai Composite Index experiencing narrow fluctuations, while the ChiNext Index declined, and the Sci-Tech 50 Index surged [1] - The Shanghai Composite Index closed down 0.07% at 4082.98 points, the Shenzhen Component Index fell 0.51%, the ChiNext Index dropped 0.82%, and the Sci-Tech 50 Index rose 0.82% [1] - Total trading volume in the Shanghai and Shenzhen markets was approximately 2.83 trillion yuan, a decrease of about 55 billion yuan from the previous day [1] Commercial Aerospace Sector - The commercial aerospace concept saw a significant surge, with over 20 stocks hitting the daily limit, including Qian Zhao Guang Dian and Pu Ni Ce Shi, which both reached the limit [3] - Notable performers included Jin Feng Ke Ji, which achieved a three-day limit increase, and Zhen Lei Ke Ji, which rose over 15% to reach a historical high [3] Controlled Nuclear Fusion Sector - The controlled nuclear fusion concept showed strong performance, with Ha Han Hua Tong rising over 12% and several other stocks, including China Nuclear Engineering and Aerospace Morning Light, hitting the daily limit [6] - Recent breakthroughs in controlled nuclear fusion technology were reported, with the EAST device confirming the existence of a density-free zone, providing important physical evidence for high-density operation [6][8] Industrial Software Sector - The industrial software concept gained traction, with Han De Information rising over 13% and Baoxin Software hitting the daily limit [9] - The Ministry of Industry and Information Technology, along with other departments, issued a directive to strengthen the development of industrial software, indicating a supportive policy environment for the sector [11]

1月8日，沪指窄幅震荡，创业板指盘中跌超1%。从板块来看，商业航天概念集体爆发，和顺电气、邵 阳液压、乾照光电、海兰信、航天宏图、谱尼测试、泰胜风能等7只个股20CM涨停。臻镭科技、信维 通信、新劲刚等个股涨超10%。 消息面上，1月7日上午，箭元科技中大型液体运载火箭总装总测及回收复用基地项目开工仪式在杭州市 钱塘区举行，箭元科技、玻色量子、地卫二、二维超材，四家企业共同签署战略合作协议。这是国内首 个海上回收复用火箭产能基地，也是首个不锈钢火箭超级工厂。 中信建投证券最新研报认为，当前商业航天产业在国家政策支持和产业技术突破共同助力下，有望进入 新纪元。商业航天产业涉及信息化的主要环节包括（1）遥感及其应用；（2）卫星测运控系统；（3） CAE仿真/卫星测试；（4）星际传输处理模块、通信模组、数据处理平台等；新场景扩展层面关注太空 算力。此外，中信建投证券认为当前商业航天发展是国企与民营企业共振周期。 （文章来源：21世纪经济报道） ...