Sou Hu Cai Jing·2026-01-26 09:48Market Overview - A total of 70 stocks hit the daily limit, while 40 stocks faced limit down, resulting in a sealing rate of 64%. The market experienced fluctuations with significant divergence between large and small indices, as the Shenzhen Composite Index and ChiNext Index opened high but fell over 1% during the day. The total trading volume in the Shanghai and Shenzhen markets reached 3.25 trillion yuan, an increase of 163 billion yuan compared to the previous trading day. Overall, more than 3,700 stocks declined, with the metal, oil and gas, photovoltaic, and chemical sectors leading the gains, while commercial aerospace, sports, semiconductors, and military industries faced declines. By the close, the Shanghai Composite Index fell by 0.09%, the Shenzhen Composite Index by 0.85%, and the ChiNext Index by 0.91% [1]. Stock Performance Analysis - The advancement rate for consecutive limit-up stocks dropped to 16.67%. High-profile stocks such as Fenglong Co. and Jiamei Packaging, which previously achieved 18 consecutive limit-ups, announced suspension for verification, impacting market sentiment towards high-priced stocks. The number of stocks with three or more consecutive limit-ups fell to only two, with both Runbei Hangke and Yuejian Intelligent hitting limit down. The recent focus of speculative funds on elastic sectors showed signs of localized losses, particularly after the Beijing Stock Exchange restricted trading for a private fund, leading to a significant drop of 28% for Huawi Design, which had previously achieved two consecutive limit-ups [3][4]. Sector Highlights - The "space photovoltaic" sector gained attention following support from Tesla CEO Elon Musk, who stated that SpaceX and Tesla are working to enhance solar energy production, aiming for an annual capacity of 100 GW within three years. Stocks like Mingyang Smart Energy, Tuojin New Energy, and GCL-Poly Energy achieved consecutive limit-ups, although individual stock performances varied significantly. Despite being viewed as a strong rebound opportunity within the commercial aerospace industry, the sector faced challenges amid a broader market retreat [5]. Precious Metals and Energy Sector - International precious metal prices have surged, with spot gold and New York gold prices both exceeding $5,100 per ounce, and spot silver prices nearing $110 per ounce. The non-ferrous metals sector continued its strong performance, with stocks like China Gold, Sichuan Gold, and others achieving consecutive limit-ups. However, many companies' stock prices have already priced in the impact of metal prices on future earnings, raising concerns about potential volatility in stock performance. Additionally, severe weather conditions have driven up natural gas futures prices, leading to a rebound in oil and gas stocks, with China National Offshore Oil Corporation seeing a rise of over 6%, reaching a historical high [6]. Computing Power and Biotech Sector - AWS announced a price increase of approximately 15% for EC2 machine learning capacity blocks, breaking its long-standing tradition of only lowering prices. The computing power leasing sector has shown strength, with stocks like Yuke Technology hitting limit-up. The recent surge in user numbers for Zhizhu and the cash red envelope activities from major tech companies may further intensify demand for computing power. In the biotech sector, news of Nipah virus infections in West Bengal, India, led to a surge in stocks related to virus testing and vaccines, with several stocks hitting limit-up due to heightened risk-averse sentiment [7][8]. Market Outlook - The market exhibited a pattern of rising and then falling throughout the day, with the Shanghai 50 Index briefly rising nearly 2% before ending a nine-day decline. In contrast, the small-cap index experienced a significant adjustment after reaching a new high. The number of stocks hitting limit down approached 40, with nearly 470 stocks declining over 5%, indicating a growing loss effect among individual stocks. Caution is advised as the peak period for earnings forecasts approaches, particularly regarding underperforming stocks [9].