Jin Rong Jie·2026-01-07 07:12Market Overview - A-shares opened high and experienced fluctuations, with the Shanghai Composite Index closing at 4085.77 points, up 0.05% [1] - The Shenzhen Component Index rose 0.06% to 14030.56 points, while the CSI 300 Index fell 0.29% to 4776.67 points [1] - The total trading volume in the two markets reached 2.85 trillion yuan, marking the second consecutive day above 2.8 trillion yuan [1] Sector Performance - The semiconductor sector saw significant gains, driven by rising prices of storage chips, with stocks like Tongcheng New Materials and Hengkun New Materials hitting the daily limit [1][2] - The controlled nuclear fusion concept gained traction, with stocks such as Wangzi New Materials and China Nuclear Engineering hitting the daily limit, following breakthroughs in experimental methods [3] - The non-ferrous nickel sector also experienced a rally, with the main nickel contract reaching a high of $18,735 per ton, the highest since June 2024 [4] Institutional Insights - Goldman Sachs recommends overweight positions in A-shares and H-shares, projecting a 20% increase in the MSCI China Index and a 12% rise in the CSI 300 Index for 2026, driven by double-digit earnings growth and moderate valuations [5] - Huaxi Securities anticipates an early start to the spring market rally, maintaining a bullish outlook and suggesting focus on emerging growth sectors and anti-involution opportunities [6] - Shenwan Hongyuan emphasizes the ongoing structural themes in the spring market, highlighting opportunities in AI computing chains and cyclical stocks [8] Technical Analysis - Dongfang Securities notes that the Shanghai Composite Index is approaching the 4100-point mark, predicting a slowdown in upward momentum and potential volatility [9]