智通财经网·2026-01-21 00:43Market Overview - Major indices collectively declined, with the ChiNext Index dropping over 2% at one point. The total trading volume in the Shanghai and Shenzhen markets reached 2.78 trillion yuan, an increase of 69.4 billion yuan compared to the previous trading day. Over 3,100 stocks fell across the market [1] Sector Performance - The chemical sector showed strong performance, with over ten constituent stocks hitting the daily limit, including Hongbaoli, Shandong Heda, Weiyuan Co., and Hongqiang Co. The precious metals concept continued its strength, with Hunan Silver hitting the daily limit. The real estate sector was active, with Dayue City and City Investment Holdings also hitting the daily limit. AI application stocks saw partial gains, with Jiayun Technology, Yue Media, and Zhejiang Wenhu gaining [1] Semiconductor Equipment Sector - According to CITIC Securities, the heat in the domestic computing power sector is driving growth in the semiconductor equipment sector. Despite an overall slowdown in industry expansion, the increase in domestic penetration rates remains a key growth driver for the equipment sector. By 2025, orders for leading equipment manufacturers are expected to grow by 20-30%, with a rapid increase in the localization of critical components [2] Banking Sector Insights - Guosheng Securities reported that a significant amount of household and corporate medium- to long-term deposits will mature in 2026, totaling 58.3 trillion yuan, an increase of 5.6 trillion yuan from 2025. The first quarter will see over 54% of these deposits maturing, which could alleviate pressure on bank interest margins and potentially reduce banks' costs by approximately 550 billion yuan [3] Real Estate Sector Opportunities - CICC suggests increasing attention to the real estate sector due to recent policy changes, despite weak demand. There are signs of positive changes on the supply side, and adjustments should be made based on inventory changes and the progress of housing storage policies [4]