Market Overview - A-shares experienced a significant increase, with the Shanghai Composite Index rising nearly 1% to surpass 4100 points, achieving a 16-day winning streak and reaching a new high in over 10 years [1] - The market turnover exceeded 3.1 trillion yuan, marking a new high in nearly four months, with historical data indicating only six instances of turnover exceeding 3 trillion yuan in A-share history [1] - The ChiNext Index rose by 0.77%, with over 3900 stocks in the market showing gains [1] Sector Performance - The AI application sector saw a collective surge, with significant gains in media, short drama, and gaming stocks [1][11] - Small metal concept stocks rose in the afternoon, driven by recent interest in precious metals like gold and silver, as well as tungsten and molybdenum [1][11] - The commercial aerospace sector continued its upward trend, with humanoid robot concepts also performing actively [1][11] - The photovoltaic industry chain and brain-computer interface concept stocks experienced a pullback [1][11] Economic Indicators - The National Bureau of Statistics released inflation data that exceeded market expectations, boosting confidence and alleviating concerns about deflation in the economy [1][11] - The Consumer Price Index (CPI) for December showed a year-on-year increase of 0.8%, with a month-on-month rise of 0.2% [1][11] - The Producer Price Index (PPI) decreased by 1.9% year-on-year but increased by 0.2% month-on-month, influenced by international commodity price trends and domestic capacity management policies [1][11] Company Highlights - MiniMax (稀宇科技) officially listed at a price of 165 HKD per share, with its stock price later exceeding 300 HKD, reflecting a rise of over 90% and a market capitalization surpassing 900 billion HKD [3][13] - MiniMax is recognized as a leading global company in multimodal and consumer application large models, with its core models performing well in global evaluations [3][13] - The strong performance of MiniMax has ignited investment enthusiasm in the AI application sector, leading to multiple concept stocks hitting their daily price limits and a more than 5% increase in the media sector [3][13] Commercial Aerospace Sector - The commercial aerospace sector is experiencing a robust rally, with the military industry ETF rising by 4.12% [5][15] - This rally is attributed to unprecedented policy support, industry breakthroughs, and capital inflow, rather than short-term market sentiment [5][15] - The establishment of the Commercial Space Administration has resolved regulatory challenges and provided clear management for the industry [5][15] - Blue Arrow Aerospace's IPO application has been accepted, aiming to raise 7.5 billion yuan, supported by national investment funds, indicating strong confidence in the sector's future [6][16] Precious Metals and Nonferrous Metals - The nonferrous metals sector is continuing its "super bull market," with a cumulative increase of 94.73% in 2025, leading the A-share industry rankings [7][16] - The first week of 2026 saw an additional rise of 8.7%, second only to the defense and media sectors [7][16] - The outlook for 2026 remains positive for the nonferrous metals sector, driven by favorable macroeconomic conditions [8][16] - Gold is expected to maintain its appeal as a safe-haven asset due to ongoing Federal Reserve rate cuts and increasing geopolitical uncertainties [17][9]
ETF日报：展望后市，商业航天赛道具备市场空间大、且产业链已进入商业化成果初现阶段