Jin Rong Jie·2026-01-28 10:59Market Overview - On January 28, the Shanghai Composite Index and Shenzhen Component Index experienced a pullback after an initial rise, while the ChiNext Index opened high but fell, dropping over 1% at one point. The total trading volume in the Shanghai and Shenzhen markets reached 2.97 trillion yuan, an increase of 70.4 billion yuan compared to the previous trading day. Over 3,600 stocks declined, with 85 stocks hitting the daily limit up [1]. Sector Performance - Resource stocks led the market, with significant gains in precious metals, oil and gas, and electrolytic aluminum sectors. Notable performances included China Gold with four consecutive limit ups, Hunan Gold with three consecutive limit ups, and China Aluminum hitting a 16-year high [1]. - The dye sector also saw a collective rise, with Zhejiang Longsheng, Runtou Co., and Yabang Co. all hitting the daily limit up. The storage chip concept was active, with Zhongwei Semiconductor and Qipai Technology both reaching the daily limit up [1]. - Conversely, the pharmaceutical and photovoltaic sectors faced declines, with companies like Baipusais and Hengrui Medicine dropping over 10% [1]. Limit Up Stocks - A total of 80 stocks hit the daily limit up, with 10 stocks achieving consecutive limit ups. The limit up rate was 75%, indicating strong market interest in certain sectors [1]. - Key stocks in the precious metals sector included Baiyin Yousheng with seven consecutive limit ups and Sichuan Gold with six limit ups over ten days [9][10]. Related Hotspots 1. Precious Metals: Prices have been rising, with New York gold surpassing $5,300 per ounce and spot silver reaching $116 per ounce [11]. 2. Non-ferrous Metals: LME aluminum broke through $3,300, with tin, zinc, and copper also showing strength recently [12]. 3. Chemicals and Dyes: The price of core intermediates for disperse dyes has surged from 25,000 yuan to 38,000 yuan, a 50% increase, driving up dye prices [12]. 4. Oil and Gas: Reports indicate that the U.S. has communicated to Israel its military readiness regarding potential actions against Iran [12].