早盤兩市窄幅震蕩(dang)，軍工板塊(kuai)繼續保持前(qian)(qian)期(qi)強勢上漲。截(jie)止發稿，該板塊(kuai)漲幅1.34%，位居兩市概念(nian)板塊(kuai)前(qian)(qian)列。其中，中原特鋼、航天科技漲停，成發科技漲逾7%，奧普光電(dian)漲逾6%。其余個(ge)股均明顯上漲。

近年(nian)(nian)(nian)(nian)來(lai)(lai)，大(da)(da)盤指數(shu)(shu)漲(zhang)(zhang)跌兩難(nan)，軍(jun)(jun)(jun)(jun)工(gong)板(ban)(ban)塊卻走(zou)出顯著的獨立行情(qing)(qing)(qing)。據萬德(de)數(shu)(shu)據統計(ji)，2013年(nian)(nian)(nian)(nian)以來(lai)(lai)，截至2014年(nian)(nian)(nian)(nian)6月(yue)30日，中(zhong)(zhong)(zhong)證(zheng)軍(jun)(jun)(jun)(jun)工(gong)指數(shu)(shu)大(da)(da)幅(fu)上漲(zhang)(zhang)58.77%，同期滬深300指數(shu)(shu)則累(lei)計(ji)下跌14.18%。據悉，申萬菱(ling)信中(zhong)(zhong)(zhong)證(zheng)軍(jun)(jun)(jun)(jun)工(gong)指數(shu)(shu)分級(ji)基(ji)金于6月(yue)30日起(qi)(qi)正式發行，為(wei)(wei)投(tou)(tou)(tou)資(zi)者(zhe)提(ti)供了掘金軍(jun)(jun)(jun)(jun)工(gong)行情(qing)(qing)(qing)的良(liang)好機會。目前市場上布局(ju)軍(jun)(jun)(jun)(jun)工(gong)板(ban)(ban)塊的投(tou)(tou)(tou)資(zi)產(chan)(chan)品(pin)還較為(wei)(wei)稀缺，申萬菱(ling)信中(zhong)(zhong)(zhong)證(zheng)軍(jun)(jun)(jun)(jun)工(gong)指數(shu)(shu)分級(ji)基(ji)金將(jiang)(jiang)(jiang)成為(wei)(wei)業(ye)(ye)內第(di)5只軍(jun)(jun)(jun)(jun)工(gong)主(zhu)題基(ji)金，也是第(di)2只軍(jun)(jun)(jun)(jun)工(gong)主(zhu)題的分級(ji)產(chan)(chan)品(pin)。除了指數(shu)(shu)分級(ji)基(ji)金自身的產(chan)(chan)品(pin)優勢，軍(jun)(jun)(jun)(jun)工(gong)行業(ye)(ye)未(wei)來(lai)(lai)5到10年(nian)(nian)(nian)(nian)較為(wei)(wei)確定的整(zheng)(zheng)體(ti)趨勢性行情(qing)(qing)(qing)也將(jiang)(jiang)(jiang)為(wei)(wei)此(ci)類(lei)產(chan)(chan)品(pin)帶來(lai)(lai)投(tou)(tou)(tou)資(zi)良(liang)機。業(ye)(ye)內人(ren)士(shi)認為(wei)(wei)，軍(jun)(jun)(jun)(jun)工(gong)板(ban)(ban)塊持(chi)(chi)續走(zou)高(gao)，離不開(kai)內、外兩方(fang)(fang)面(mian)(mian)因(yin)素的共同作用。一(yi)(yi)方(fang)(fang)面(mian)(mian)，美國(guo)(guo)(guo)重返亞太(tai)戰(zhan)略之(zhi)(zhi)后，我(wo)國(guo)(guo)(guo)的外交環(huan)境更(geng)趨復雜化，這將(jiang)(jiang)(jiang)倒逼(bi)國(guo)(guo)(guo)內軍(jun)(jun)(jun)(jun)工(gong)行業(ye)(ye)快速發展(zhan)(zhan)。另一(yi)(yi)方(fang)(fang)面(mian)(mian)，中(zhong)(zhong)(zhong)國(guo)(guo)(guo)軍(jun)(jun)(jun)(jun)事力量與經(jing)濟大(da)(da)國(guo)(guo)(guo)地位嚴重不匹配。新一(yi)(yi)屆(jie)政(zheng)府也非常重視(shi)國(guo)(guo)(guo)家(jia)安全問題，國(guo)(guo)(guo)防(fang)政(zheng)策已出現微調(diao)，且變得(de)更(geng)加積極(ji)。2014年(nian)(nian)(nian)(nian)政(zheng)府工(gong)作報(bao)告顯示，我(wo)國(guo)(guo)(guo)國(guo)(guo)(guo)防(fang)預算已連續4年(nian)(nian)(nian)(nian)保(bao)(bao)持(chi)(chi)在(zai)(zai)2位數(shu)(shu)增(zeng)長，今年(nian)(nian)(nian)(nian)我(wo)國(guo)(guo)(guo)國(guo)(guo)(guo)防(fang)預算較上年(nian)(nian)(nian)(nian)漲(zhang)(zhang)12.2%。而在(zai)(zai)2009年(nian)(nian)(nian)(nian)到2014年(nian)(nian)(nian)(nian)的5年(nian)(nian)(nian)(nian)中(zhong)(zhong)(zhong)，我(wo)國(guo)(guo)(guo)軍(jun)(jun)(jun)(jun)費(fei)支出平均增(zeng)幅(fu)在(zai)(zai)11.5%左右，這一(yi)(yi)數(shu)(shu)據仍遠低(di)于世界平均水平，未(wei)來(lai)(lai)有(you)望保(bao)(bao)持(chi)(chi)增(zeng)長態(tai)勢。海通證(zheng)券表示，為(wei)(wei)打造“海洋強(qiang)國(guo)(guo)(guo)”和(he)“空中(zhong)(zhong)(zhong)強(qiang)國(guo)(guo)(guo)”，國(guo)(guo)(guo)家(jia)大(da)(da)力發展(zhan)(zhan)軍(jun)(jun)(jun)(jun)工(gong)不僅體(ti)現在(zai)(zai)軍(jun)(jun)(jun)(jun)費(fei)投(tou)(tou)(tou)入的大(da)(da)幅(fu)上升上，國(guo)(guo)(guo)家(jia)軍(jun)(jun)(jun)(jun)隊(dui)體(ti)制編制的深化調(diao)整(zheng)(zheng)改革，軍(jun)(jun)(jun)(jun)隊(dui)規(gui)模結構(gou)的優化，以及在(zai)(zai)高(gao)新技(ji)術裝備領域和(he)訓練領域投(tou)(tou)(tou)入的加大(da)(da)，都將(jiang)(jiang)(jiang)為(wei)(wei)軍(jun)(jun)(jun)(jun)工(gong)產(chan)(chan)業(ye)(ye)持(chi)(chi)續快速發展(zhan)(zhan)提(ti)供強(qiang)有(you)力的發展(zhan)(zhan)動力。中(zhong)(zhong)(zhong)信建投(tou)(tou)(tou)證(zheng)券表示，綜合考(kao)慮(lv)軍(jun)(jun)(jun)(jun)工(gong)行業(ye)(ye)的中(zhong)(zhong)(zhong)長期前景，對(dui)軍(jun)(jun)(jun)(jun)工(gong)股的整(zheng)(zheng)體(ti)看法可以更(geng)為(wei)(wei)積極(ji)，當(dang)前布局(ju)的機會大(da)(da)于風險。同時(shi)，軍(jun)(jun)(jun)(jun)工(gong)板(ban)(ban)塊行情(qing)(qing)(qing)的驅動因(yin)素也從之(zhi)(zhi)前的政(zheng)策預期轉向(xiang)改革措施的實質(zhi)推進(jin)階段，比如重大(da)(da)資(zi)產(chan)(chan)重組(zu)方(fang)(fang)案公(gong)布、股權激勵取得(de)實質(zhi)突破等。另據了解(jie)，國(guo)(guo)(guo)資(zi)委起(qi)(qi)草的軍(jun)(jun)(jun)(jun)工(gong)央企集團重組(zu)方(fang)(fang)案已獲初(chu)步認可，方(fang)(fang)案中(zhong)(zhong)(zhong)涉及軍(jun)(jun)(jun)(jun)工(gong)央企集團重組(zu)的牽扯面(mian)(mian)廣，整(zheng)(zheng)合程度(du)超預期，同樣(yang)將(jiang)(jiang)(jiang)為(wei)(wei)軍(jun)(jun)(jun)(jun)工(gong)產(chan)(chan)業(ye)(ye)快速發展(zhan)(zhan)奠定良(liang)好基(ji)礎。