Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2026-01-15 04:01Market Overview - The major stock indices in the A-share market experienced a downward trend, with the ChiNext Index falling over 1% and the Sci-Tech 50 Index declining nearly 2% [1] - By midday, the Shanghai Composite Index dropped 0.6% to 4101.52 points, while the Shenzhen Component Index fell 0.44%, and the ChiNext Index decreased by 1.02% [1] - The total trading volume in the Shanghai, Shenzhen, and North markets reached approximately 1.9 trillion yuan [1] Sector Performance - Sectors such as military, retail, brokerage, pharmaceuticals, coal, steel, and semiconductors saw declines, while the GEO concept experienced a significant drop [1] - Conversely, sectors like tourism, non-ferrous metals, lithium mining, phosphorus concepts, and solid-state battery concepts showed resilience and activity [1] Future Outlook - According to Galaxy Securities, the A-share market has entered a "volatile" phase since mid-December 2025, with expectations for a continued spring rally [1] - There is a need to monitor the support from fundamental data as January marks the window for annual performance forecasts, with a focus on earnings announcements and economic data [1] - The policy expectations for the start of the 14th Five-Year Plan are anticipated to bolster market confidence, with short-term market volatility likely to increase as the market reaches new highs [1] - Emphasis is placed on identifying structural investment opportunities [1]