Sou Hu Cai Jing·2026-01-06 10:21Market Performance - The A-share market opened the year with a strong performance, with the Shanghai Composite Index achieving a rare 13 consecutive days of gains, closing at a ten-year high of 4083.67 points, up 1.5% [2] - The Shenzhen Component Index and the ChiNext Index also saw increases of 1.4% and 0.75% respectively, indicating a broad market rally [2] - Over 140 stocks hit the daily limit up, and the total trading volume exceeded 2.8 trillion yuan [1][2] Sector Performance - The commercial aerospace sector showed significant strength, with multiple stocks hitting the daily limit up, including Luxin Venture Capital and Beidou Star Communication [2] - The brain-computer interface concept also saw a surge, with stocks like Sanbo Brain Science and Meihao Medical achieving consecutive gains [2] - The financial sector collectively rose, with companies like Hualin Securities and Dazhihui hitting the daily limit up [2] - The non-ferrous metals sector was active, with companies like Luoyang Molybdenum and Zijin Mining reaching historical highs [2] Economic Factors - Analysts attribute the strong performance of the A-share market to multiple positive factors, including improved market sentiment post-New Year and expectations of long-term capital inflows from insurance funds [3] - The macroeconomic growth policies and anticipated industry policy details related to new productivity have also contributed to the rising index [3] Company Highlights - Zijin Mining's stock rose over 6%, closing with a gain of 6.21%, leading to a market capitalization exceeding 1 trillion yuan, making it the first mining company in A-shares to reach this milestone [4] - Zijin Mining expects a net profit of approximately 51-52 billion yuan for 2025, a year-on-year increase of about 59%-62%, driven by increased production of key minerals [4] - The rise in international gold prices, influenced by geopolitical tensions, has also positively impacted Zijin Mining's performance [5] Consumer Market Impact - The increase in international gold prices has led to domestic jewelry brands like Chow Sang Sang raising their gold jewelry prices by 200 to 1500 yuan [6][8] - The price of gold jewelry is expected to continue rising, reflecting a structural change in consumer preferences towards smaller, high-design products and investment gold products [8] Market Outlook - Goldman Sachs has maintained an "overweight" rating on the A-share market, projecting a target increase of 15%-20% for the Shanghai Composite Index in 2026 [9] - Other institutions also express optimism for the A-share market, predicting a transition from valuation recovery in 2025 to profit-driven growth in 2026 [9]