2 1 Shi Ji Jing Ji Bao Dao·2026-01-26 07:52Market Overview - On January 26, the A-share market experienced fluctuations, with the Shenzhen Composite Index and the ChiNext Index opening high but closing lower, both dropping over 1% during the day. The Shanghai Composite Index fell by 0.09%, the Shenzhen Composite Index by 0.85%, and the ChiNext Index by 0.91%. The total market turnover reached 3.28 trillion yuan, an increase of 162.5 billion yuan compared to the previous trading day, with over 3,700 stocks declining [1]. Precious Metals Sector - The precious metals sector led the market gains, with Sichuan Gold (001337) achieving four consecutive trading limits in eight days. Other stocks such as Xiaocheng Technology (300139), Hunan Gold (002155), and Shengda Resources (000603) also hit the daily limit, while Zijin Mining (601899) reached a historical high [1]. - On January 26, spot gold prices surpassed $5,100 per ounce, peaking at $5,110.26 per ounce. Silver prices also surged, with spot silver reaching a high of $109.453 per ounce, marking an increase of over 51% in just 17 trading days [3]. Investment Demand and Market Trends - The rising gold prices have significantly boosted market demand for gold investment and reserves, leading to a surge in bank safe deposit box rentals. For instance, at the Shenzhen branch of China Merchants Bank, all 8,000 safe deposit boxes are fully rented, with 500 to 600 customers waiting to rent a box. Given the annual turnover of only 20 to 30 boxes, new customers may have to wait 5 to 6 years [3]. - The A-share flu vaccine sector also showed strength, with stocks like Da'an Gene (002030), Hualan Biological (301207), and Zhijiang Biology hitting the daily limit, while Yongshun Biological surged over 27% [3]. Other Sector Movements - The oil and gas sector saw continued strength, with China National Offshore Oil Corporation (600938) reaching a historical high, and other companies like Zhongjie Oil and China Petroleum rising over 5% [6]. - The Tencent Cloud concept experienced localized movements, with stocks like Qunxing Toys (002575) hitting the daily limit and others like Ruijie Networks (301165) rising over 10% following Tencent's announcement of a new AI assistant app [7].