收市象限观察 | 市场短期调整，金银史诗级大涨为板块带来强劲动力

Market Overview - The market experienced a correction after a previous surge, with significant divergence in index performance. The Shanghai Composite Index fell by 0.09%, the Shenzhen Component Index decreased by 0.85%, and the ChiNext Index dropped by 0.91% [1][2] - Over 3,700 stocks declined in the market, with a total trading volume of 3.25 trillion yuan, an increase of 163 billion yuan compared to the previous trading day [1][2] Sector Performance - Precious metals saw a significant surge, with spot gold surpassing $5,100 per ounce and New York futures gold exceeding $5,130 per ounce. Silver also continued its upward trend after breaking $100 per ounce last week [2] - Notable stocks in the gold sector included Sichuan Gold, which achieved four consecutive trading limits, and Zijin Mining, which reached a historical high [2] - The oil and gas sector strengthened, with China National Offshore Oil Corporation hitting a historical high [2] - The chemical sector experienced fluctuations, with stocks like Hongbaoli and Chengxing shares reaching trading limits [2] - Conversely, sectors such as commercial aerospace and semiconductor equipment faced significant declines, with several stocks in commercial aerospace hitting the daily limit down [2] Economic Analysis - CITIC Securities indicated that market confidence is gradually recovering, suggesting that sectors at relatively low levels with logical narratives could see recovery. The consumer chain is expected to be a focus leading up to the Two Sessions [5] - The report emphasized a dual focus on "resources + traditional manufacturing pricing power" and recommended increasing allocations in sectors like chemicals, non-ferrous metals, and new energy [5] Futures Market - Domestic futures contracts mostly closed higher, with silver rising nearly 13%, platinum over 9%, and palladium more than 7%. Crude oil and liquefied petroleum gas also saw significant increases [6] - Geopolitical risks have heightened market demand for safe-haven assets, leading to a substantial rise in precious metal prices, particularly silver, which has seen a year-to-date increase of over 40% [6] Upcoming Events - A total of 30 companies will have their restricted shares unlocked this week, with a total market value exceeding 40 billion yuan based on the closing price on January 23 [7] - The Federal Reserve is expected to maintain interest rates during its monetary policy meeting, with a 95% probability of no change [8] - Key earnings reports from major tech companies such as Apple, Microsoft, and Tesla are anticipated, alongside the 19th Asian Financial Forum focusing on high-growth industries [8]