Zhong Guo Zheng Quan Bao·2026-01-26 04:27Market Performance - The micro-cap stock index reached a historical high last week, while large-cap indices like the CSI 300 and SSE 50 experienced adjustments [1] - This morning, large-cap stocks strengthened, with the SSE 50 index rising over 1.8% at its peak, while the micro-cap index and the CSI 2000 index both declined, with the latter down 1.39% [1] - By the close of the morning session, the SSE index rose by 0.12%, while the Shenzhen Component Index and the ChiNext Index fell by 0.74% and 0.86%, respectively, with total market turnover exceeding 2.26 trillion yuan [3] Sector Performance - The non-ferrous metals sector showed strong performance, particularly in precious metals, with leading stocks like Zijin Mining and China Uranium Industry experiencing significant gains [4] - Several precious metal companies announced profit forecasts for 2025, with Zijin Mining expecting a net profit of 51 to 52 billion yuan, a year-on-year increase of 59% to 62% [7] - The insurance sector was active, with major companies like New China Life Insurance and China Pacific Insurance seeing collective gains, and New China Life Insurance rising over 4% [9][11] Catalysts for Growth - The rise in gold and silver prices is attributed to geopolitical factors and fluctuations in confidence towards U.S. assets, leading to increased demand for safe-haven assets like gold [7] - Three main catalysts for the non-ferrous metals sector include: 1. Recovery in manufacturing and inventory replenishment cycles, with PMI indicators returning to expansion [8] 2. Long-term demand reshaping due to green and technological trends, particularly in sectors like electric vehicles and renewable energy [8] 3. Liquidity expectations and financial attributes, with a favorable environment for precious metals due to anticipated interest rate cuts by the Federal Reserve [8]