Zheng Quan Shi Bao·2026-01-05 09:11Market Overview - The A-share market opened positively on the first trading day of the new year, with major indices rising across the board, including the Shenzhen Component Index reaching a nearly four-year high and the Shanghai Composite Index surpassing 4000 points [1] - Over 4200 stocks increased in value, with market turnover hitting 2.57 trillion yuan, the highest in nearly three months [1] Sector Performance - Sectors such as brain engineering, storage chips, aerospace equipment, and artificial intelligence saw significant gains, while oil and gas extraction, Hainan free trade, hotel and catering, and electric motor manufacturing experienced declines [1] - The electronic industry attracted over 37 billion yuan in net inflows from major funds, with pharmaceuticals, power equipment, computers, and machinery also receiving over 10 billion yuan each [1] Investment Outlook - According to China Merchants Securities, the A-share market is expected to continue its upward trend, with a high probability of maintaining the spring rally [1] - The issuance of local government special bonds is anticipated to accelerate, and government spending and investment data are expected to improve, increasing the likelihood of new highs in January [1] - Key focus areas for January include commercial aerospace, AI applications, AI computing power, and semiconductor equipment [1] Sector Highlights - Huabao Securities noted a clear recovery in the A-share market, with high-growth sectors showing active performance, indicating the potential start of a spring rally [2] - The brain engineering sector index surged by 12.16%, setting a new historical record, with significant trading volume [2] - Medical devices, AI healthcare, and intelligent medical sectors also saw substantial gains, with multiple stocks hitting the daily limit [4] Chip Industry Insights - The chip sector, particularly storage chips, experienced a strong rally, with the index rising over 4% to reach a historical high [5] - The demand for storage chips is expected to drive significant price increases, with DDR4 16GB prices rising by 1800% and DDR5 16GB by 500% in 2025 [9] - Domestic manufacturers are expected to expand production and focus on next-generation 3D stacked chip products, driven by AI demand [9]