Venture(US:VEMLY) Jin Rong Jie·2026-01-20 03:40Market Overview - The A-share market experienced a mixed performance with the Shanghai Composite Index down 0.3% at 4101.62 points, the Shenzhen Component Index down 1.22% at 14119.95 points, and the ChiNext Index down 1.83% at 3276.64 points, as of midday trading [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.85 trillion yuan, with over 3300 stocks declining [1] Sector Performance - The chemical sector showed resilience with stocks like Hongbaoli, Shandong Heda, Hongbai New Materials, Weiyuan Co., and Hongqiang Co. hitting the daily limit [1] - The real estate sector rebounded with stocks such as Diyi City, I Love My Home, and Urban Investment Holdings also reaching the daily limit [1][2] - AI application stocks surged, with companies like Jiayun Technology, Yue Media, and Zhejiang Wenlian hitting the daily limit [1][3] - The storage chip concept remained active, with stocks like Purun Co. and Baiwei Storage reaching new highs [1] - Conversely, the commercial aerospace sector faced significant declines, with Huazhong Cable and Aerospace Power hitting the daily limit down [1] Institutional Insights - Guosen Securities believes the spring market trend is not over, suggesting that current fluctuations may present good investment opportunities, particularly in technology and AI-related sectors [4] - Shenwan Hongyuan indicates that while the commercial aerospace and AI sectors have upward trends, the market may enter a consolidation phase due to excessive trading [5] - Huatai Securities suggests that the market is shifting focus towards "performance fundamentals," with expectations of a technical correction before February [6]