Zheng Xing Xing Ye Ri Bao·2026-01-23 09:12Core Viewpoint - The railway transportation equipment sector experienced a decline of 0.57% on January 23, with China Railway Materials leading the drop. The Shanghai Composite Index rose by 0.33% to close at 4136.16, while the Shenzhen Component Index increased by 0.79% to 14439.66 [1]. Group 1: Market Performance - The railway equipment sector saw a mixed performance among individual stocks, with notable gainers including Tianzhixin Material, which rose by 5.41% to a closing price of 9.15, and Yonghui Electric, which increased by 3.09% to 19.33 [1]. - Conversely, China Railway Materials fell by 2.71% to a closing price of 2.87, marking the largest decline in the sector [2]. - The overall trading volume for the railway equipment sector was significant, with Tianzhixin Material achieving a transaction value of 478 million yuan and Yonghui Electric at 456 million yuan [1]. Group 2: Capital Flow - The railway equipment sector experienced a net outflow of 659 million yuan from institutional investors, while retail investors saw a net inflow of 395 million yuan [2]. - Among individual stocks, Xianghe Industry had a net inflow of 14.47 million yuan from institutional investors, while Dinghan Technology saw a net inflow of 11.89 million yuan [3]. - Notably, China Railway Materials had a significant net outflow of 22.81 million yuan from institutional investors, indicating a lack of confidence among larger investors [3].