China National Gold (SH:600916) Sou Hu Cai Jing·2026-01-28 08:56Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.27% to 4151.24, the Shenzhen Component Index increasing by 0.09% to 14342.89, while the ChiNext Index fell by 0.57% to 3323.56 [1][2] - The total trading volume across the three major exchanges reached 29,923 billion yuan, an increase of 708 billion yuan from the previous day, with over 3,600 stocks declining [1] Sector Performance - The sectors that performed well included precious metals, non-ferrous metals, oil and natural gas, coal, chemical industry, soybeans, semiconductors, and real estate [1] - Conversely, sectors that saw declines included photovoltaic equipment, biopharmaceuticals, education, military equipment, and beauty care [1] Precious Metals - Precious metals, particularly gold, experienced significant gains due to a weaker dollar and geopolitical risks, with gold prices reaching a new high of over 5220 USD/ounce [3] - Domestic gold jewelry prices also hit new highs, with several brands quoting over 1600 yuan/gram for gold [3] - Companies in the gold sector, such as Zhongjin Gold, Hunan Gold, and Chifeng Gold, projected substantial profit increases for 2025, with Zhongjin Gold expecting a net profit of 4.8 to 5.4 billion yuan, a year-on-year increase of 41.76% to 59.48% [4] Non-Ferrous Metals - The non-ferrous metals sector saw a comprehensive rise, with metals like lead, zinc, copper, nickel, and cobalt showing strong performance [5] - Analysts predict that the copper supply-demand tightness will worsen in 2026, with expectations of continued strong copper prices due to anticipated Fed rate cuts and increased fiscal spending [6] - Despite some concerns about copper consumption weakening due to high prices, the overall market sentiment remains bullish, indicating a challenging but upward trend for copper prices [6]