2012年的9月26日，是滬指08年來大反彈后首次跌破2000點(diǎn)大關(guān)。兩年之間，盡管滬指仍屢次跌破2000點(diǎn)大關(guān)，但市場整體的氛圍，卻一直處于回暖之中。個股的表現(xiàn)很能說明這點(diǎn)。據(jù)證券時(shí)報(bào)數(shù)據(jù)部統(tǒng)計(jì)，有多達(dá)785只個股股價(jià)翻番，占整個市場超過3成。此外，漲幅介于50%-100%之間的個股還有多達(dá)680只，占比超過27%。華數(shù)傳媒、視覺中國、金證股份、旋極信息等11只個股漲幅超過5倍，鑫富藥業(yè)、神州信息、上海鋼聯(lián)等184只個股漲幅超過兩倍。

　　顯然，單就滬指來看，近兩年來的表現(xiàn)很難跟國外市場相提并論。但就個股來說，卻是一個較為確定的結(jié)構(gòu)性牛市。跟美國市場比較近似的是，科技股也扮演了領(lǐng)漲的角色。數(shù)據(jù)統(tǒng)計(jì)顯示，近兩年來計(jì)算機(jī)行業(yè)成為最大贏家。多達(dá)84只個股兩年漲幅翻番；醫(yī)藥、化工、電子等行業(yè)也出現(xiàn)超過60只翻番牛股。然而需要警惕的是，很多牛股的市盈率已經(jīng)很高了。數(shù)據(jù)顯示，漲幅靠前的個股，大部分動態(tài)PE超過百倍，甚至部分個股中期業(yè)績虧損。其未來的成長性能否熨平當(dāng)前的估值，值得注意。（陳見南）代碼簡稱兩年來漲幅（%）動態(tài)PE（倍）中期凈利（萬元）同比增減（%）申萬行業(yè)000156華數(shù)傳媒1482.50108.7416687.2523.31傳媒000681視覺中國662.12193.644350.8541.22傳媒600446金證股份578.50124.134432.4920.36計(jì)算機(jī)300324旋極信息571.67--286.55-171.93計(jì)算機(jī)002681奮達(dá)科技556.7183.505612.0121.44家用電器002260伊 立 浦544.14--1523.28-488.73家用電器600485信威集團(tuán)530.5214849.80449.40193.27通信002252上海萊士523.73134.4217358.91102.06醫(yī)藥生物300085銀 之 杰522.731146.86270.83-45.87計(jì)算機(jī)002240威華股份512.951050.03552.84-6.50輕工制造000977浪潮信息510.7794.6710087.3181.34計(jì)算機(jī)002019鑫富藥業(yè)496.5835.9010712.981041.06醫(yī)藥生物000555神州信息494.3177.7510712.9536.70計(jì)算機(jī)300226上海鋼聯(lián)481.564495.3480.11-92.77傳媒300017網(wǎng)宿科技470.0844.2019333.23246.72通信000748長城信息469.14196.822814.59119.35計(jì)算機(jī)300059東方財(cái)富453.76277.893286.40296.49傳媒300220金運(yùn)激光450.16313.61721.771.68電子000622恒立實(shí)業(yè)441.96--972.14-93.33汽車300296利 亞 德436.4667.965399.2876.02電子002609捷順科技426.28132.572571.2220.53計(jì)算機(jī)002354科冕木業(yè)423.04--653.70-155.86傳媒300287飛 利 信422.69165.242206.0441.38計(jì)算機(jī)002432九安醫(yī)療418.59--760.68-230.26醫(yī)藥生物002190成飛集成401.32--242.50-111.87國防軍工300242明家科技400.311053.28150.56119.06電氣設(shè)備300213佳訊飛鴻397.79131.412312.68110.37通信300052中 青 寶396.60189.141910.079.07傳媒300205天喻信息392.5088.994547.5769.23通信600661新 南 洋381.91876.73404.8148.03傳媒600536中國軟件381.55--7312.73-668.46計(jì)算機(jī)300274陽光電源375.6967.729563.2577.38電氣設(shè)備300252金 信 諾374.5258.564775.49271.03通信300246寶 萊 特365.42140.211536.80-5.42醫(yī)藥生物002555順榮股份363.691140.21259.67-23.03傳媒300269聯(lián)建光電361.2497.513102.07259.44電子002605姚記撲克358.5658.226392.2111.99輕工制造002366丹甫股份356.9084.282678.4714.25家用電器002373千方科技353.4472.598641.7939.41計(jì)算機(jī)300071華誼嘉信351.74158.741832.53-21.80傳媒002312三泰電子349.87--2759.71-17.43計(jì)算機(jī)300286安 科 瑞348.8559.823506.7023.48電氣設(shè)備002030達(dá)安基因346.33105.956017.845.80醫(yī)藥生物600490鵬欣資源346.06304.634143.777.63有色金屬000958東方熱電345.4826.8311998.54103.05公用事業(yè)600399撫順特鋼339.00407.311448.3728.78鋼鐵300167迪威視訊338.33--535.70-248.46計(jì)算機(jī)002640百圓褲業(yè)334.48230.271139.60-44.81紡織服裝300178騰邦國際332.4151.015842.4744.38休閑服務(wù)002579中京電子331.33423.82524.5312.18電子300199翰宇藥業(yè)330.71125.204934.6918.43醫(yī)藥生物300134大富科技329.9521.7437459.171330.91通信300235方直科技328.61164.731025.02-2.16計(jì)算機(jī)600317營 口 港327.6043.0836363.9920.12交通運(yùn)輸000673當(dāng)代東方326.70883.20214.6354.52傳媒300267爾康制藥324.3661.1613920.8773.57醫(yī)藥生物002268衛(wèi) 士 通322.07--89.5774.27計(jì)算機(jī)000403*ST 生化320.7528.6510128.5388.47醫(yī)藥生物300315掌趣科技318.5593.0111042.21145.35傳媒300168萬達(dá)信息318.50322.872110.0234.09計(jì)算機(jī)300253衛(wèi)寧軟件317.69115.973771.7240.19計(jì)算機(jī)002473圣 萊 達(dá)311.48--308.57-212.49家用電器300001特 銳 德307.9359.667080.8642.27電氣設(shè)備300063天龍集團(tuán)306.79799.91226.40-33.17化工002279久其軟件304.96--699.1269.53計(jì)算機(jī)600648外 高 橋303.56126.9713229.90-74.87房地產(chǎn)300216千山藥機(jī)301.10208.091462.69-53.05醫(yī)藥生物002117東港股份300.8844.087938.0119.24輕工制造002544杰賽科技299.71154.612845.58-10.40通信300147香雪制藥298.3761.878969.5662.39醫(yī)藥生物000802北京旅游295.50540.18631.70-44.72休閑服務(wù)300155安 居 寶295.2291.423237.7330.32計(jì)算機(jī)300065海 蘭 信292.72380.20570.00190.28計(jì)算機(jī)002303美 盈 森288.8345.7811123.2250.21輕工制造300245天璣科技286.4998.112418.8010.91計(jì)算機(jī)300352北 信 源284.47324.071064.07-21.17計(jì)算機(jī)300098高 新 興284.2376.383397.24356.05通信300248新 開 普282.861804.66102.34267.37計(jì)算機(jī)300251光線傳媒280.6399.7910244.69-40.73傳媒002437譽(yù)衡藥業(yè)278.4940.0720266.54118.35醫(yī)藥生物000559萬向錢潮276.4335.6535077.5832.95汽車300271華宇軟件275.7858.446145.4917.41計(jì)算機(jī)002611東方精工273.2954.815024.8756.91機(jī)械設(shè)備300273和佳股份272.6465.199903.8041.69醫(yī)藥生物002071長城影視272.50141.643945.096.72輕工制造002020京新藥業(yè)272.4350.115950.4075.15醫(yī)藥生物300096易 聯(lián) 眾272.33187.351682.348.15計(jì)算機(jī)600566洪城股份270.3836.1925512.6129.52醫(yī)藥生物300010立 思 辰268.43362.72920.6023.49計(jì)算機(jī)300097智云股份266.5368.941840.1014.23機(jī)械設(shè)備300232洲明科技266.3274.142383.15111.16電子002280新 世 紀(jì)266.04--294.4671.64計(jì)算機(jī)002400省廣股份264.3243.0616384.2148.72傳媒002669康達(dá)新材261.3877.242321.4637.59化工600967北方創(chuàng)業(yè)260.4130.3621439.8631.95機(jī)械設(shè)備300276三豐智能260.21146.261165.58-35.36機(jī)械設(shè)備300173松德股份259.81504.13300.74-85.42機(jī)械設(shè)備002505大康牧業(yè)259.731882.89554.08385.87農(nóng)林牧漁600405動 力 源259.05102.542519.73907.59電氣設(shè)備300104樂 視 網(wǎng)259.00103.5315189.2830.16傳媒002426勝利精密258.9568.938049.8870.83機(jī)械設(shè)備002210飛馬國際258.6237.378878.2048.55交通運(yùn)輸300244迪安診斷256.3269.316258.5038.02醫(yī)藥生物002690美亞光電255.1165.8710678.9149.56機(jī)械設(shè)備300126銳奇股份254.9859.633502.3310.48機(jī)械設(shè)備300291華錄百納254.36115.444528.03-6.90傳媒300166東方國信253.4791.113647.4326.17計(jì)算機(jī)002642榮 之 聯(lián)252.67119.324906.377.27計(jì)算機(jī)002617露笑科技251.74484.49461.62-85.29電氣設(shè)備300184力源信息249.78177.46786.01-30.32電子300033同 花 順248.70257.781271.1116.68計(jì)算機(jī)600771廣 譽(yù) 遠(yuǎn)248.26840.57376.78-57.69醫(yī)藥生物600715松遼汽車248.26--683.51-261.46汽車300011鼎漢技術(shù)247.75136.073017.1058.09電氣設(shè)備002174游族網(wǎng)絡(luò)247.7142.4816352.4164.35傳媒002229鴻博股份244.95152.941843.45-30.25輕工制造002581萬昌科技244.6858.835116.7311.15化工300091金 通 靈243.21374.87624.44139.57機(jī)械設(shè)備300202聚龍股份242.93117.086314.7759.09計(jì)算機(jī)300263隆華節(jié)能242.6267.784868.1312.25機(jī)械設(shè)備002520日發(fā)精機(jī)242.18103.052743.8771.27機(jī)械設(shè)備300247桑 樂 金241.34114.581116.243.59家用電器300024機(jī) 器 人240.6690.9712953.6832.93機(jī)械設(shè)備600398海瀾之家240.6120.38122777.6982.79紡織服裝300231銀信科技239.9153.782801.1627.53計(jì)算機(jī)300317珈偉股份239.3560.423000.66171.31電子600343航天動力238.88338.651613.17-13.22國防軍工000806銀河投資238.20--1265.4323.13電氣設(shè)備300254仟源醫(yī)藥236.7392.941979.5946.32醫(yī)藥生物300303聚飛光電236.2333.348365.1236.56電子002143高金食品235.89572.16351.54114.59農(nóng)林牧漁002095生 意 寶234.56163.372016.212.15傳媒300124匯川技術(shù)233.7438.6430181.4734.26電氣設(shè)備300151昌紅科技231.4969.022620.8061.28機(jī)械設(shè)備000712錦龍股份231.0933.9223138.43387.01公用事業(yè)300236上海新陽231.0671.063062.6979.40化工002594比 亞 迪231.04167.7736069.10-15.52汽車002610愛康科技230.7296.883625.77700.16電氣設(shè)備002224三 力 士230.4635.837536.4440.96化工300316晶盛機(jī)電230.05151.323234.5124.05電氣設(shè)備600765中航重機(jī)229.70106.559499.901.32機(jī)械設(shè)備002261拓維信息228.60130.983479.0884.81傳媒002699美盛文化228.19153.261717.2933.54紡織服裝600119長江投資227.94117.932219.5713.41交通運(yùn)輸600570恒生電子227.42106.2911394.8542.97計(jì)算機(jī)300281金明精機(jī)224.9357.502516.5914.51機(jī)械設(shè)備000801四川九洲224.06159.203112.58-8.57家用電器002514寶馨科技223.82166.151018.2519.33機(jī)械設(shè)備000050深天馬Ａ223.74172.078139.24280.14電子601012隆基股份222.4550.3911145.79431.99電氣設(shè)備000788北大醫(yī)藥222.34141.204041.62-28.45醫(yī)藥生物002569步森股份222.02--3328.98-394.18紡織服裝600385ST 金 泰221.91112.62975.85209.86醫(yī)藥生物300014億緯鋰能221.6666.385232.39-9.92電子300056三 維 絲220.5590.311489.9454.29公用事業(yè)002444巨星科技219.9229.9721922.4329.10機(jī)械設(shè)備300288朗瑪信息219.53335.731525.34-54.97傳媒300030陽普醫(yī)療219.16106.601900.7151.47醫(yī)藥生物002549凱美特氣218.75113.142777.689.18化工300191潛能恒信218.59477.56886.18-75.35采掘000733振華科技218.4163.727185.2740.28電子002195海隆軟件218.1094.302579.1738.83計(jì)算機(jī)002151北斗星通217.89--852.87-596.36國防軍工300234開爾新材217.0536.625479.57194.99建筑材料300074華平股份216.7859.655009.2820.50計(jì)算機(jī)002074東源電器216.73114.722074.88-35.26電氣設(shè)備002085萬豐奧威216.4327.1720236.0045.02汽車002207準(zhǔn)油股份215.60--736.27-563.87采掘002401中海科技215.46118.013026.899.51計(jì)算機(jī)600756浪潮軟件215.38349.491012.55117.15計(jì)算機(jī)002518科 士 達(dá)214.8850.416110.9040.74電氣設(shè)備600856長百集團(tuán)214.731718.0783.24-86.63商業(yè)貿(mào)易300044賽為智能214.6889.262182.5342.09計(jì)算機(jī)002183怡 亞 通213.4442.6715218.5966.43交通運(yùn)輸002440閏土股份210.9711.1166648.07160.75化工300266興源過濾210.36117.162061.0170.34機(jī)械設(shè)備300339潤和軟件210.22112.273089.67-11.47計(jì)算機(jī)002519銀河電子209.9479.824616.29-4.54家用電器002626金 達(dá) 威209.9036.4610190.76180.01醫(yī)藥生物000503海虹控股209.711054.91923.6128.26傳媒002148北緯通信208.98198.511564.02-37.31傳媒002577雷柏科技208.6570.476314.44113.76計(jì)算機(jī)002502驊威股份208.60177.381289.89-3.89輕工制造002439啟明星辰207.10--3866.085.83計(jì)算機(jī)300177中 海 達(dá)205.9782.204471.4216.32計(jì)算機(jī)002488金固股份205.8758.733721.0112.26汽車600626申達(dá)股份205.6847.817293.51-21.67紡織服裝300076GQY視訊205.60118.241703.3263.68電子002602世紀(jì)華通205.54103.765251.2715.55汽車002618丹邦科技205.45123.582788.1536.08電子002665首航節(jié)能205.2371.148528.303.53電氣設(shè)備600877中國嘉陵204.44--2753.9779.52汽車000901航天科技204.26221.771693.37-0.28機(jī)械設(shè)備300066三川股份202.3434.055192.0435.86機(jī)械設(shè)備002402和 而 泰201.8270.202137.9533.43電子

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