每日解盘：市场冲高回落，贵金属概念全天领涨，芯片产业链爆发-1月21日

Market Overview - The three major indices collectively rose on January 21, 2026, with the Shanghai Composite Index up 0.08% at 4116.94 points, the Shenzhen Component Index up 0.70% at 14255.13 points, and the ChiNext Index up 0.54% at 3295.52 points. The total trading volume in the two markets was 26,003 billion yuan, a decrease of approximately 1,771 billion yuan compared to the previous trading day [2]. Market Performance - The overall market experienced a rise and subsequent pullback, with core broad-based indices showing more gainers than losers. The STAR 50 and STAR ChiNext 50 led the gains, while the CSI Dividend and Dividend Index lagged [3]. - In terms of sector performance, the non-ferrous metals, electronics, and machinery equipment sectors saw increases, while the banking, coal, and food and beverage sectors declined [5]. Sector Performance - Non-ferrous metals sector rose by 2.8%, electronics by 2.6%, and machinery equipment by 1.5%. Conversely, the banking sector fell by 1.6%, and food and beverage sector dropped by 1.5% [6][8]. - The performance of various sectors over different time frames indicates a strong year-to-date performance for non-ferrous metals and electronics, with increases of 15.9% and 12.8% respectively [6]. Concept Themes - Key concept themes included significant gains in lead, zinc, and gold concepts, with increases of 5.0%, 4.8%, and 3.8% respectively. In contrast, the duty-free shop and trust concepts saw declines of 1.2% and 1.1% [7]. - The non-ferrous metals market is expected to face a potential supply shortage due to new mining regulations in Indonesia, which could lead to a price rebound for nickel, a metal that has underperformed compared to other industrial metals [8]. Industry Insights - The Ministry of Housing and Urban-Rural Development emphasized the need to stabilize the real estate market and support reasonable financing needs of real estate companies, indicating a proactive approach to market stabilization [8]. - The Ministry of Industry and Information Technology announced plans to promote humanoid robot technology and accelerate breakthroughs in key technologies such as training chips and heterogeneous computing [8].